Finance

Malaysia is cementing its foothold in the global Islamic economy by capitalizing on its strategic location, end-to-end halal ecosystem, and advances in Islamic finance.

MSMEs in Asia and the Pacific face significant financing challenges, with nearly half either unserved or underserved—resulting in a credit gap estimated at $2.5 trillion.

The annual emission reduction from the Kuamut Rainforest Conservation Project is estimated at more than 800,000 tonnes of carbon dioxide equivalent.

Southeast Asia advanced efforts to guide capital and funding toward sustainable activities in carbon-intensive sectors.

The planned ASEAN Climate Finance Policy Platform will enable knowledge exchange through evidence-based policy dialogue, generate evidence and build capacity, and develop and operationalize policy frameworks.

The subregion is well positioned to cater to the growing global appetite for Shari’ah-compliant financing.

The move will help ensure there is a credible mechanism for tracking renewable energy consumption and in supporting the shift to a low-carbon economy.

The move is part of a national initiative to aggressively push for financial literacy.

A grant-supported study is looking into the market potential of tradeable certificates and how countries can set up a regional system.

Southeast Asia takes the next step toward Paris climate goals with the release of Version 2 of the ASEAN Taxonomy for Sustainable Finance.