Asia

The Asian Development Bank (ADB) and Japan announced Monday a new joint initiative to support countries and businesses in Asia and the Pacific facing rising energy prices, while accelerating the transition to more resilient and sustainable energy systems.

The Asian Development Bank (ADB) will back $70 billion in new energy and digital infrastructure initiatives by 2035, aiming to connect power grids, expand cross-border electricity trade, and improve broadband access across Asia and the Pacific.

Huawei Digital Power has launched its FusionSolar9.0 Smart PV & ESS solution in Malaysia, marking a major shift from conventional solar systems to intelligent, grid-stabilising and artificial intelligence (AI)-driven energy infrastructure, boosting Malaysia‘s transition toward more intelligent,resilient and sustainable energy systems.

AirTrunk, the Australia-based hyperscale data center platform, has announced plans to invest MYR 12 billion ($3 billion) to develop two new data centers in Malaysia, to be called JHB3 and JHB4.

Accelerating distributed generation across several Asian markets has driven a downward revision to its on-grid electricity demand forecasts, as more supportive rooftop solar policy and persistently high retail tariffs erode grid-based consumption, BMI Country Risk and Industry Research said in its recent report.

British International Investment (BII), the United Kingdom’s development finance institution and impact investor, has on Thursday launched $1.5 billion new climate initiative for Asia.

Alibaba Cloud, the cloud computing subsidiary of Chinese giant Alibaba Group, continued as the largest Infrastructure-as-a-Service (IaaS) provider by revenue in the Asia-Pacific region, increasing its market share to 22.5% in 2025 from 20.8% in 2024.

ClearBank, the global payment firm, has announced a new partnership with Singaporean payments infrastructure provider Tazapay to strengthen payment flows between Asia and Europe.

Global investment firm EQT announced Tuesday the final close of BPEA Private Equity Fund IX, reaching its hard cap with $15.6 billion in total commitments, including $14.9 billion in fee-generating assets under management.

Artificial intelligence (AI) and technology are now among the leading drivers influencing international expansion and capital deployment strategies, HSBC recent survey showed.