Joint U.S.-Singapore activities under the Partnership (PGI), include four pillars: digital economy, clean energy and environmental technology, advanced manufacturing, and healthcare. PGI activities will address shared policy priorities, such as standards and supply chain resilience, and leverage regional networks such as the Southeast Asia Manufacturing Alliance.
The U.S. International Development Finance Corporation Board of Directors has approved $1 billion of investments that will advance development in Africa, Latin America, the Indo-Pacific, and emerging markets across the globe. An up to $25 million investment will support Asia Partners I LP, a fund which will invest in businesses introducing innovative technology platforms in Indonesia, Vietnam, the Philippines, and Malaysia.
With the COVID-19 pandemic yet to be effectively controlled around the world and has the capacity to recur in the near future, no one knows how much longer would the restarted economies in the bloclast. This situation, in turn, made the ASEAN Smart Cities Network (ASCN) as reached by the Southeast Asian bloc in April 2018, an ever more important priority for immediate implementation.