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The Asian Development Bank approved a $75 million loan and $2 million grant to strengthen Turkmenistan’s nursing workforce, marking the lender’s first health sector investment in the Central Asian nation. The financing from ADB and Japan’s Fund for Prosperous and Resilient Asia and the Pacific will support the Improving Nursing Quality and Capacity Project, aimed … Read more
Philippine-listed companies and firms planning to go public will need to meet stricter sustainability requirements to qualify for the country’s new Philippine Green Equity Label, the Securities and Exchange Commission (SEC) said on Thursday. The guidelines, the first of their kind in Southeast Asia, require companies to demonstrate that at least half of their revenues … Read more
Indonesia’s infrastructure minister called for sustainable, low-carbon infrastructure development to advance the country’s energy transition, acknowledging significant challenges in meeting renewable energy targets. “The future must be built upon sustainable infrastructure, one that is not only strong and efficient, but also low-carbon, climate-resilient, and inclusive,” Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono … Read more
Digital infrastructure company Equinix Inc has issued S$650 million ($504.85 million) in green bonds in Singapore, its second such offering in the city-state this year as it expands sustainable financing to fund environmental projects. The 2.90% senior notes due 2032 closed on Wednesday, following the company’s debut S$500 million Singapore green bond in March, Equinix … Read more
The Asian Development Bank (ADB) will establish a cooperative office in South Korea focused on climate technology collaboration, marking the first time in over a decade that a multilateral development bank has set up operations in the country. Deputy Prime Minister and Finance Minister Choo Kyung-ho signed an agreement with ADB President Masato Kanda to … Read more