The International Monetary Fund (IMF) said on Wednesday that discussions will continue to secure a staff-level agreement as Sri Lanka was unlikely to meet revenue targets after a $3 billion bailout pa…
Japan, Petronas to discuss storing Japanese CO2 in Malaysian sites
The Japanese government and Malaysia’s state oil firm Petronas (PETRA.UL) on Wednesday agreed to discuss how to export carbon dioxide (CO2) emitted in Japan to storage sites in Malaysia as part …
India, Malaysia, and Indonesia Team Up to Fight Western Countries’ Black Campaign Against Palm Oil
Palm oil giants Malaysia and Indonesia are teaming up with India to fight what they call a black campaign targeted at the commodity. The three countries promised to jointly promote the positive benefi…
Chinese Tourists Have Good Reasons Not to Return to Southeast Asia
Mainland Southeast Asia once ranked among the top tourist regions in the world, bolstering economies and employing millions, but a rot set in with the rise of authoritarian regimes and a preference fo…
Climate Change and the Challenges of New Energy Technologies
The expansion of neoliberal capitalism across the planet has been largely responsible for climate change, a phenomenon that is changing weather patterns. As a result of climate change, the planet’s ab…
The clean energy revolution is moving too slowly
If the fight to avoid catastrophic global warming were a football game, then Team Let’s Maybe Not Have an Apocalypse would be stuck on its own 2-yard line, trailing by a touchdown with less than a min…
Vietnam’s first voluntary carbon exchange launched
CT Group launched its ASEAN Carbon Credit Exchange Joint Stock Company (CCTPA) on September 29, becoming the first Vietnamese enterprise to kick off a voluntary carbon emissions exchange in an attempt…
Australia Unveils Southeast Asia Economic Strategy to 2040
On September 6, 2023, Australia’s government announced its ‘Southeast Asia Economic Strategy to 2040’ with the aim to deepen the country’s economic and trade engagements with the region. By 2040, Sout…
US to increase development investment in Lanka by $19.2 Mn through USAID
The United States on Wednesday announced the commitment of more than US $19 million in additional funds to further the development of Sri Lanka, in a ceremony at the Ministry of Finance in Colombo. Th…
The booming trend of adventure tourism at popular destinations
In 2022, the adventure tourism market raked in $366.7 billion worldwide. By 2032, experts say it will scale Everest level heights — gaining more than 28% a year hit $4.6 trillion. For some people, the…