Analysis

First Gulf-ASEAN summit supports inter-regional collaboration
OBG
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Trade between the ASEAN and the Gulf Cooperation Council (GCC) has grown considerably in recent years, as economies in both regions seek to capitalise on mutually beneficial opportunities, and diversify their trade and investment partners. Indeed, trade between the GCC and Asian countries classified as emerging and developing by the IMF increased 34.7% from $383bn in 2021 to $516bn in 2022, according…

Analysis

Indonesia's human capital initiatives: jobs, education and upskilling
OBG
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Indonesia has made steady progress in economic development in recent years, anchored on the Golden Indonesia 2045 vision, which aims to industrialise the country, raise the GDP per capita to $25,000 and create 10m jobs by 2045. Prepared by the National Development Planning Agency (BAPPENAS), Indonesia’s National Medium-Term Development Plan (RPJMD) 2020-24 is designed to ensure long-term sustainability…

Analysis

Global markets issue green, social bonds for sustainable growth
OBG
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Alongside significant political efforts to speed up the energy transition, green finance has been a key tool in financing growth, as governments, international institutions and lenders alike seek to support the shift towards renewables. The issuance of green bonds – financial instruments that fund environmentally sustainable projects – hit a new record of $596.3bn in 2021, according to the Climate…

Analysis

Emerging markets shifting towards sustainability initiatives
OBG
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Impact investment – which is purposely designed to generate tangible social and environmental benefits alongside financial returns – presents promising risk-adjusted prospects. This type of investment not only provides value for investors, but can also greatly advance the UN Sustainable Development Goals. A Maturing Sector Impact investing continues to expand in both depth and sophistication,…

Analysis

Digital payment platforms grow with high demand in emerging markets
OBG
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Despite the ongoing macroeconomic and geopolitical headwinds experienced by the global economy, one area of the international financial system that has shown steady progression is digital payments. Since the Covid-19 pandemic, they have been spurred by a jump in remittance flows, greater availability of digital infrastructure and services, and higher consumer demand for fast and seamless non-physical…

Analysis

Alternative energy production accelerates amid the energy transition
OBG
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The energy transition continued apace in 2023 despite ongoing geopolitical tensions, disruptions to supply chains and inflationary pressures – all of which translated into high energy prices around the globe. Even though prices descended after reaching historic highs in 2022, they remain higher than three years prior, which may mark an inflection point in shifting the global energy system away from…