PT Indonesia Infrastructure Finance (IIF) and Export Development Canada (EDC) have formalized a collaboration to expedite infrastructure financing in Indonesia. The memorandum of understanding (MoU) was signed on September 2023 at the IIF’s offices in...
Airports of Thailand (AOT) is preparing to soft-launch the Satellite 1 (SAT-1) terminal at Suvarnabhumi International Airport, following a successful trial run. During the trial, the airport simulated a full-scale operation with 180 mock passengers and their luggage...
The Asian Development Bank (ADB) has approved a USD 303 million loan to reduce flood and climate risks and protect people and livelihoods in three major river basins in the Philippines, one of the most vulnerable countries impacted by climate change and natural...
Petrovietnam Gas Joint Stock Corporation (PV GAS) has completed a series of technical tests and is now prepared to begin commercial operation of the Thi Vai liquefied natural gas (LNG) warehouse and terminal complex, making it the first mega LNG infrastructure in...
A collaborative venture is set to launch a hyperscale green data center testbed and training program in Sarawak, East Malaysia region. This collaboration involves Solarvest Holdings Bhd through its subsidiary, Solarvest Borneo Sdn Bhd, and partners which include the...
KKR, a global investment firm, is set to acquire a 20% stake in Singapore Telecommunications (SingTel)’s regional data center business for SGD 1.1 billion (USD 0.8 billion), placing the overall value of SingTel’s regional data center business at USD 5.5...
The Nusantara Capital City Authority (OIKN) is collaborating with Finland’s Smart City Innovation Cluster (SCIC) to build Indonesia’s new capital, Nusantara, a smart city. According to OIKN’s Deputy for Green and Digital Transformation, the...
The Department of Budget and Management said a total of PHP 176.4 billion (USD 3.1 billion) from the Department of Transportation’s (DOTr) proposed 2024 allocation amounting to PHP 214.3 billion (USD 3.8 billion) would go to its Public Sector Infrastructure budget,...
Singapore has just announced the completion of tunneling works for the second phase of its SGD 10 billion (USD 7.3 billion) Deep Tunnel Sewerage System (DTSS) project, which will enhance the city-state’s water recycling capacity. DTSS was designed in the 1990s as...
The Industrial Estate Authority of Thailand (IEAT) has expressed optimism in relation to the third phase of development of the Map Ta Phut deep-sea port in Rayong, scheduled to be completed by the year 2027. The port, seen as a strategic asset for Thailand’s...
As part of its 2024 budget, Indonesia has committed IDR 40.6 trillion, which amounts to USD 2.7 billion, for the development of its new capital city. According to government ministers, construction is progressing rapidly, with the presidential office and a dozen...
The Sabah state government, under Chief Minister Datuk Seri Hajiji Noor, has announced the construction of a MYR 4 billion (USD 852 Million) hydroelectric dam in Ulu Padas, Tenom to address the state’s persistent water shortage. Slated for its groundbreaking in...
