Economics

With parametric insurance, payouts can be made immediately after a typhoon, making it an effective tool to fund the rapid emergency restoration of coral reefs post damage.

The capital is the first city in Indonesia to have a roadmap to achieve net zero by 2045.

Kalimantan, Sulawesi, Maluku, and Papua have untapped ocean resources that could help the country meet and raise its climate ambition.

Foreign direct investment flows to the region hit a record $224 billion in 2022.

In partnership with Japanese companies, Sarawak's SEDC Energy will develop a clean hydrogen supply chain with production facilities in the coastal town of Bintulu.

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

Low demand for manufacturing exports affected particularly the more open, bigger, and trade-oriented economies.

The move entails massive reforestation, eschewing fossil fuel, shifting to the circular economy, and opting for climate-friendly agriculture practices.

A joint BIMP-EAGA and IMT-GT workshop lays the groundwork for the sustainable use of ocean and coastal resources in the region.

Integrating the projects into national policy, budget, and programs seen to enhance connectivity and drive economic growth and social inclusion across the subregion.