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Southeast Asia Sees Near 150% Rise in Heart Disease, Study Shows

Southeast Asia Sees Near 150% Rise in Heart Disease, Study Shows

Bloomberg5 days ago

The number of people with cardiovascular disease surged by 148% in Southeast Asia over the past three decades, with the condition becoming the region's leading cause of mortality and morbidity, according to new research.
A total 37 million people in the region suffered from cardiovascular disease in 2021 and 1.7 million died from it. The findings by researchers at Seattle-based Institute for Health Metrics and Evaluation and the National University of Singapore are based on analysis of health data between 1990 and 2021 from 10 Southeast Asian countries that make up the Asean bloc.

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Australia should surge defense spending to 3.5% of GDP, Pentagon says
Australia should surge defense spending to 3.5% of GDP, Pentagon says

Yahoo

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Australia should surge defense spending to 3.5% of GDP, Pentagon says

SINGAPORE — The United States is urging Australia to raise defense spending to 3.5% of GDP, almost a third above the target Canberra has set even for the early 2030s, the Pentagon said Sunday. 'On defense spending, [Defense Secretary Pete] Hegseth conveyed that Australia should increase its defense spending to 3.5 percent of its GDP as soon as possible,' the statement read, referring to a meeting with Australia's Deputy Prime Minister and Defense Minister Richard Marles. The two defense chiefs spoke on the sidelines of the Shangri-La Dialogue, a defense summit in Singapore. In a speech describing the Trump administration's approach to Asia, Hegseth said the military threat posed by China 'could be imminent' and called on U.S. allies in the region to drastically increase defense spending. Marles said Hegseth had raised the topic in their meeting but didn't specify a rate. 'I don't think it's about a particular number,' Marles said in an interview. 'America has clearly been articulating that they want their friends and allies to spend more.' During his speech, Hegseth pointed to NATO countries' recent push to reach defense budgets closer to 5% of GDP — a share the Pentagon's head of policy has repeatedly said should be the standard for U.S. allies in the Indo-Pacific. 'We ask, and indeed we insist, that our allies and partners do their part,' Hegseth said. Still, the varying signals have left some U.S. allies confused and frustrated at the repeated public calls from Washington to spend more. Australia already plans to raise its defense budget to 2.4% of GDP by 2033-34, up from the about 2% it spends now. Defense analysts largely see the Pentagon's statements as a way for the Trump administration to create negotiating leverage — shifting the window of acceptable spending numbers for allied governments. But some also warn it could backfire if the public in other countries starts to see these calls as strong-arming. 'We do understand where America is coming from and we're up to the conversation,' Marles said. 'But ultimately, the decisions that we make around defense spending are going to be driven by Australia's national interest.'

SI Group Signs Exclusive MOU in Support of Solomon Islands' First Special Economic Zone
SI Group Signs Exclusive MOU in Support of Solomon Islands' First Special Economic Zone

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SI Group Signs Exclusive MOU in Support of Solomon Islands' First Special Economic Zone

HANOI, Vietnam, June 2, 2025 /PRNewswire/ -- SI Group has signed a Memorandum of Understanding (MOU) with the Government of the Solomon Islands to serve as a strategic adviser and priority investor in the development and international promotion of the country's first Special Economic Zone (SEZ). This MOU establishes the foundation for collaboration, with a more detailed investment agreement to be finalized and presented to the Government Caucus for formal approval. Solomon Islands – A Strategic Gateway in the Pacific Situated at the crossroads of Southeast Asia, Australia, and the South Pacific, the Solomon Islands holds a unique position on major maritime trade routes. With ongoing economic reforms and a commitment to inclusive development, the country is positioning itself as a new frontier for global investment and sustainable growth. The Honourable Jaimie Lency VOKIA, Minister of Commerce, Industry, Labour and Immigration and Member of Parliament, stated: "This MOU marks the beginning of a strategic public-private partnership. SI Group's global reach and sector expertise will help attract serious international investors to the SEZ, aligning with our national goals for economic diversification and regional integration." A Government-Led SEZ for National Development The Special Economic Zone, officially launched by the Government of the Solomon Islands, is a flagship initiative aimed at stimulating broad-based economic transformation. Its goals include: Establishing a globally competitive, well-regulated business environment Attracting high-impact investment, advanced technology, and international expertise Generating employment and enabling export-led growth across multiple sectors A Cohesive Structure for Sustainable Growth The SEZ will comprise a series of interconnected sub-zones, each with distinct strategic functions: 1. Marine Economy – Agriculture – Natural Resources A 100-hectare, high-tech shrimp farm targeting premium export markets (e.g., Japan and EU) Fisheries processing hub aligned with global safety and quality standards Environmentally responsible mining operations (gold and bauxite) using ESG-aligned practices 2. Social Services – Education – Tourism An international hospital serving both local and regional communities Vocational training centers customized to SEZ workforce demands A luxury resort, casino, and golf course targeting high-end eco-tourism 3. Infrastructure – Finance – Logistics Financial services platform including a dedicated SEZ bank and investor support systems A strategic logistics hub with cold storage and streamlined cargo processing Integrated infrastructure to deliver reliable energy, water, and telecoms All sub-zones will be developed in accordance with a national master plan to ensure operational coherence and long-term sustainability. Implementation Roadmap: From Vision to Execution SI Group and the Solomon Islands Government have agreed on a structured implementation roadmap to realize the SEZ through phased development: Short-Term (0–6 months) Formalization of the SEZ Investment Agreement and submission to the Government Caucus Establishment of SI Group's office in Honiara Launch of initial pilot projects in healthcare, aquaculture, and logistics Engagement of anchor investors and technical consultants Finalization of the SEZ's legal and regulatory frameworks Long-Term (1–3 years) Full-scale development of SEZ sub-zones across targeted provinces Infrastructure deployment and utility integration Public-private partnerships for job creation and capacity building Significant growth in FDI and economic diversification Establishment of the Solomon Islands as a model for sustainable SEZ development in the Pacific SI Group – Strategic Adviser and Priority Investor Under the terms of the MOU, SI Group will serve as a strategic adviser and priority investor on major investment opportunities within the zone. SI Group's role includes: Advising on SEZ development strategy, structure, and international best practices Promoting the SEZ to global investors and multilateral institutions Facilitating capital mobilization and technical partnerships Supporting legal, financial, and regulatory alignment to attract long-term investment About SI Group Established in 2001 as ESPECO (H.K) Limited and now headquartered in Vietnam, SI Group is a global advisory and investment firm specializing in: Investor migration and post-settlement solutions Government advisory and international business development Infrastructure, real estate, and hospitality investment Strategic partnerships and trade facilitation With active operations in over 20 countries and a proven track record of delivering high-impact projects, SI Group is committed to supporting the Solomon Islands in realizing its SEZ ambitions through sustainable and inclusive development. MEDIA CONTACT Nguyen Huu Tri (Kannie) CMO & Director of Global Business Development – SI Group Email: Phone: +84 904 605 065 Website: View original content to download multimedia: SOURCE SI Group Sign in to access your portfolio

Asia-Pacific Container Fleet LNG Bunkering Market Forecast Report 2025-2030 Featuring Analysis of Cheniere Energy, Shell, TotalEnergies, ExxonMobil, Cameron LNG and Other Major Players
Asia-Pacific Container Fleet LNG Bunkering Market Forecast Report 2025-2030 Featuring Analysis of Cheniere Energy, Shell, TotalEnergies, ExxonMobil, Cameron LNG and Other Major Players

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Asia-Pacific Container Fleet LNG Bunkering Market Forecast Report 2025-2030 Featuring Analysis of Cheniere Energy, Shell, TotalEnergies, ExxonMobil, Cameron LNG and Other Major Players

The Asia-Pacific container fleet LNG bunkering market presents opportunities in the green maritime sector by capitalizing on expanding LNG bunkering infrastructure in major ports like Singapore, Shanghai, and Tokyo. Key drivers include regulatory compliance and sustainability goals, despite high initial investment and infrastructure challenges. Dublin, June 02, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific Container Fleet LNG Bunkering Market, By Country, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Asia-Pacific Container Fleet LNG Bunkering Market was valued at USD 415 Million in 2024, and is expected to reach USD 544 Million by 2030, rising at a CAGR of 4.47%. Container Fleet LNG Bunkering refers to the process of refueling liquefied natural gas (LNG)-powered container ships using specialized infrastructure and vessels. LNG bunkering is an essential aspect of sustainable maritime transportation, providing a cleaner alternative to traditional marine fuels such as heavy fuel oil and diesel. It reduces greenhouse gas emissions, sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter, aligning with international environmental regulations like the International Maritime Organization's (IMO) MARPOL. The container fleet LNG bunkering process involves different methods, including truck-to-ship, ship-to-ship, and terminal-based bunkering. Ship-to-ship bunkering is the most common method for large container vessels, ensuring efficiency and minimal downtime. Ports worldwide are expanding LNG bunkering facilities to accommodate the growing demand for greener shipping solutions. With the increasing adoption of LNG-powered container ships, LNG bunkering infrastructure is rapidly evolving to support global trade while minimizing environmental impact. This shift is driven by regulatory compliance, fuel cost considerations, and long-term sustainability goals. As the maritime industry continues its transition toward decarbonization, LNG bunkering for container fleets plays a critical role in shaping the future of eco-friendly shipping and global logistics. Key Market Drivers Expanding LNG Infrastructure and Bunkering Facilities The rapid expansion of LNG bunkering infrastructure across Asia-Pacific is a key driver of market growth. Governments and port authorities are investing in LNG supply chains, storage terminals, and bunkering facilities to support the transition to cleaner marine fuels. Major port hubs such as Singapore, Shanghai, Busan, and Tokyo are strengthening their LNG bunkering capabilities to cater to the increasing number of LNG-fueled container vessels. Singapore, the world's largest bunkering hub, has been at the forefront of LNG bunkering development. The Maritime and Port Authority of Singapore (MPA) has launched initiatives to enhance LNG infrastructure, including the deployment of LNG bunkering vessels and the establishment of LNG supply chains. Similarly, China is aggressively expanding its LNG bunkering capacity with projects in major ports like Shanghai, Shenzhen, and Guangzhou. South Korea and Japan are also ramping up investments in LNG refueling infrastructure. South Korea's Green Ship Initiative and Japan's roadmap for LNG bunkering highlight their commitment to alternative fuels. These developments are critical in ensuring a reliable LNG supply for container fleets, further encouraging ship operators to adopt LNG as their primary fuel. The growing network of LNG terminals and bunkering vessels ensures seamless refueling operations, reducing downtime for container fleets and increasing LNG adoption in the maritime sector. As infrastructure continues to expand, the Asia-Pacific LNG bunkering market is set to witness substantial growth. In 2023, China's LNG imports reached 71.32 million tons, marking a 12.6% increase from the previous year. The Guangdong Energy Group's new LNG receiving terminal in Huizhou, Guangdong province, commenced operations in September 2024. This USD 1 billion facility has an annual processing capacity of 4 million metric tons. Key Market Challenges High Initial Investment and Infrastructure Development Costs One of the major challenges facing the Asia-Pacific container fleet LNG bunkering market is the high cost associated with infrastructure development and vessel conversion. Unlike conventional marine fuels such as heavy fuel oil (HFO) and marine gas oil (MGO), LNG requires specialized storage, transportation, and refueling infrastructure. The development of LNG bunkering facilities, including liquefaction plants, storage terminals, and bunkering vessels, involves substantial capital investment. Port authorities and private stakeholders must invest in dedicated LNG infrastructure to ensure a reliable supply chain. However, not all ports in the Asia-Pacific region are equipped with LNG bunkering facilities, leading to uneven availability across trade routes. While major hubs like Singapore, Shanghai, and Busan are expanding their LNG infrastructure, many smaller ports lack the necessary investment to support LNG bunkering operations. This creates logistical challenges for shipping companies operating LNG-powered container fleets, as they must carefully plan refueling stops based on available LNG supply points. The cost of building LNG-fueled container ships is significantly higher than traditional vessels. Shipowners must invest in specialized LNG storage tanks, fuel supply systems, and dual-fuel engines, which increase the upfront cost of fleet expansion. Although LNG provides long-term operational savings and regulatory compliance benefits, the initial financial burden deters some shipping companies from making the transition. Government incentives and financial support play a crucial role in overcoming this challenge. Some Asia-Pacific countries, including China, South Korea, and Japan, have introduced subsidies, tax benefits, and investment programs to encourage LNG adoption. However, the slow return on investment remains a concern for private investors, limiting the speed of infrastructure expansion. Without widespread LNG bunkering infrastructure, the industry faces a bottleneck that could hinder the large-scale adoption of LNG-powered container ships. To address this challenge, coordinated efforts between governments, port authorities, and private stakeholders are essential to accelerate LNG infrastructure development and make LNG bunkering more accessible across the Asia-Pacific region. Key Market Trends Expansion of LNG Bunkering Infrastructure and Port Facilities One of the most prominent trends in the Asia-Pacific container fleet LNG bunkering market is the rapid expansion of LNG refueling infrastructure. As demand for LNG-powered container ships grows, ports across the region are investing in LNG storage, transportation, and bunkering facilities to support the transition to cleaner fuels. Leading maritime hubs such as Singapore, Shanghai, Busan, and Tokyo are actively developing LNG bunkering capabilities. Singapore, a global leader in marine fuel supply, has implemented an extensive LNG bunkering program, including LNG bunker vessels, storage terminals, and partnerships with major shipping companies. Similarly, China is expanding LNG bunkering operations in key ports like Shanghai, Guangzhou, and Shenzhen to meet its growing fleet of LNG-powered vessels. South Korea and Japan are also investing in LNG bunkering networks to strengthen their positions as regional refueling hubs. Governments and port authorities are playing a crucial role in accelerating LNG infrastructure development. Regulatory incentives, public-private partnerships, and financial support programs are helping to establish a reliable LNG supply chain across the Asia-Pacific region. The increasing number of LNG bunkering locations is enhancing the accessibility of LNG fuel for container fleets, reducing operational constraints, and encouraging more shipping companies to adopt LNG-powered vessels. As infrastructure expands, the Asia-Pacific region is expected to become a major LNG bunkering hub, facilitating the growth of sustainable maritime transport. Key Players Profiled in the Asia-Pacific Container Fleet LNG Bunkering Market Cheniere Energy, Inc. Shell plc TotalEnergies SE ExxonMobil Corporation Cameron LNG, LLC Chevron Corporation PetroChina Company Limited Sempra Energy Woodside Energy Group Limited Eni S.p.A. Report Scope In this report, the Asia-Pacific Container Fleet LNG Bunkering Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below: Asia-Pacific Container Fleet LNG Bunkering Market, By End User: Ferries Cruise-Ships Bulk & General Cargo Fleet Offshore Support Vessels Asia-Pacific Container Fleet LNG Bunkering Market, By Distribution Channel: Direct Sales Bunkering Stations Asia-Pacific Container Fleet LNG Bunkering Market, By Country: China India Japan Australia South Korea Indonesia Vietnam Singapore Rest of Asia-Pacific Key Attributes Report Attribute Details No. of Pages 121 Forecast Period 2024-2030 Estimated Market Value (USD) in 2024 $415 Million Forecasted Market Value (USD) by 2030 $544 Million Compound Annual Growth Rate 4.4% Regions Covered Asia-Pacific For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio

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