Calvin Yang

As more satellites are deployed, the volume of data generated is expected to increase dramatically, creating demand for infrastructure to store, secure and analyse it.

Some are fleeing war and persecution in search of asylum, while others are seeking better opportunities and a new life.

Some contractors told CNA prices have surged by as much as 60 per cent in recent months, while supply shortages have forced firms to delay projects by up to a few months.

The charity plans to expand even further – up to four times its original size – in the coming years to care for a growing number of injured, abandoned and illegally traded animals.

For many supporters, soaring costs for flights, accommodation and match tickets have placed the tournament out of reach.

Despite the market volatility, analysts insist the current situation bears little resemblance to the 1998 Asian Financial Crisis, when the rupiah collapsed.

The boom is being driven by more than novelty, with Western sanctions and the withdrawal of many European suppliers pushing Russia to redirect trade towards Asian markets.

The event allows athletes to use performance-enhancing drugs in an attempt to surpass records set under traditional anti-doping rules.

The gathering is intended to restore momentum to the Quad after nearly a year without a ministerial-level meeting and amid growing questions about the bloc's relevance, said analysts.

The security environment has become more volatile, with conflicts increasing not only in number but also in intensity, the report's editor told CNA ahead of this weekend's Shangri-La Dialogue.