Bank-held nonperforming loans in some Asian economies have risen in recent years. Policy makers should address this growing risk now.
Mr. Susantono manages ADB’s Sustainable Development and Climate Change Department, Economic Research and Regional Cooperation Department, and the Department of Communications. Before joining ADB, he was Indonesian Vice-Minister of Transportation and Deputy Minister for Infrastructure and Regional Development. Mr. Susantono has extensive experience providing policy advice to government, private sector organizations and international institutions. He has chaired several research institutes, taught in universities, and was commissioner for airline, port, telecommunications and media companies. Mr. Susantono has served as the President of Indonesia Intelligent Transport Society; Vice President of East Asia Society of Transportation Studies based in Tokyo, Japan; and Trustee of the SouthSouthNorth Foundation in Johannesburg, South Africa.
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Throughout Asia and the world, digital solutions are being found for urban problems. Policymakers and city leaders should ensure that the poor do not get left behind in this digital transformation of cities.
The ‘app economy’ provides potential risks and benefits for developing countries. The right policies are needed to bring out the best in these emerging economic trends.
The global value chains that help drive Asia’s export-driven economic miracle have widespread development impacts. We need to understand them better to maximize the benefits.
In cities around Asia, governments are exploring ways to capture the increased value of land near public infrastructure projects, and direct these funds back toward the needs of city residents.
On Malalison Island, in the Philippines, people are enjoying 24/7 electricity service through the use of solar hybrid technology, a new kind of battery storage and smart metering.
This tidal power plant in the Republic of Korea is a remarkable combination of high energy capacity and low environmental impact.
If the region prepares adequately, it has little to fear and much to gain from leapfrogging digital technology.