The Asian Development Bank (ADB) has launched a key initiative - Financing Investments and Eradicating Land Degradation and Desertification (FIELD) - that aims to attract $2 billion by 2035 for investment in programmes that restore lands and boost drought resilience across APAC.
The dominant theme in markets remains a growing belief that some form of peace deal between US and Iran will eventually materialise. Investors have steadily priced a "peace premium" into assets, helping suppress volatility and underpin a rally that has pushed Wall Street to record highs, said an expert.
