Economic growth rates in Southeast Asia have remained robust with a few outliers. Bolstered by strong public investment spending, investment growth emerged as the leading driver of economic growth during 2018. The recovery in private construction activities boosted growth in the construction segment. In the story on “Sustained Momentum” Southeast Asia Infrastructure takes a look at the economic performance of key countries in the region and the outlook for the future.
As one of the fastest growing economies in Asia, the Philippines has witnessed a consistent increase in power demand over the years. As per the Network Development Plan 2019-40, the projections for future demand point to an expected average compound annual growth rate of around 5.6 per cent for the forecast period.
The International Energy Agency estimates the region will need an investment of $2.7 trillion up to 2040. Our story, “Energising SEA” focuses on the financing strategies being adopted to fund the huge requirements in the energy sector.
By 2035, the Asia-Pacific region is expected to account for over 3 billion air passengers per year, boosted by Asia’s growing middle class, rising propensity to travel and broadly improving global connectivity. The story “Upscaling Infrastructure” throws light on the requisite steps being undertaken by AOT to maintain Suvarnabhumi airport’s position as one of the leading airports in the world.
In the race to test and deploy autonomous buses, Singapore has emerged as the front runner by taking several significant initiatives in the past two years. Our story “Leading the Way” focuses on the standards and guidelines for autonomous vehicles. Singapore has launched the world’s first full-size autonomous bus, built a test town, tested self-driving buses in Sentosa, and is on track for a planned pilot deployment in 2022.
Mobile penetration and internet subscriptions are rising at an unprecedented rate in the region. As associated impact of this is the rise in the number of cashless transactions. The story “Digital Money” looks at the evolving mobile money ecosystem in the region.
Funding from multilateral agencies has played a pivotal role in financing ASEAN’s infrastructure. Apart from government funding, official development assistance loans have provided the bulk of infrastructure financing in the region. Our story “Continued Funding” tracks the trends in multilateral fund flow into Southeast Asia.