The Maritime and Port Authority of Singapore (MPA) has signed a Memorandum of Understanding (MoU) with Wärtsilä, a Finnish company that manufactures and services power sources in the marine and energy markets, to collaborate on projects to enable the introduction of...
Siam Cement Group (SCG), the largest and the oldest cement and building material company in Thailand and Southeast Asia, has recently revealed the successful completion of the first 2-story 3D printed building in ASEAN. Importantly, the building is the first 3D...
Indonesia Investment Authority (INA), asset manager ESR Group, and MC Urban Development Indonesia (MCUDI), a 100% subsidiary of Mitsubishi Corporation engaged in real estate development, have announced a strategic partnership aimed at unlocking the potential of...
In April 2023, a 24,000-TEU cargo ship M/V OOCL from Spain, on its first voyage connecting Asia and Europe, arrived at Gemalink Deepwater Seaport in the southern province of Ba Ria Vung Tau. This is also the first time Vietnam has been able to receive the...
Thailand’s Marine Department has announced plans to revive the Cruise Terminal Development Project to meet the increase in marine tourism. The department has agreed to develop Bali Hai Pier in Chon Buri into a hybrid pier. The port will be constructed to function both...
The Philippine Economic Zone Authority (PEZA) announced that President Ferdinand R. Marcos Jr. has declared two new economic zones located in Batangas province and Bacolod City, which are expected to bring in a total of PHP 1.64 billion (USD 29.3 million) worth of...
A consortium composed of six Filipino conglomerates and Global Infrastructure Partners (GIP), a US-based investment fund manager, has established the Manila International Airport Consortium (MIAC) and submitted a PHP 100 billion (USD 1.7 billion) unsolicited proposal...
Malaysia has confirmed plans to build a USD 8.5 billion mega port aimed at increasing handling capacity for both container and conventional cargo at the main shipping hub of Port Klang. The new port will be located on Carey Island, and is intended to capture future...
Indonesian Minister of Finance Sri Mulyani Indrawati and US Secretary of the Treasury Janet Yellen have signed the Indonesia Infrastructure and Finance Compact, amounting to USD 698 million. The Compact is a bilateral agreement between the Government of Indonesia and...
The Singapore Land Transport Authority (LTA) has awarded two contracts for the provision of four key systems – signaling system, platform screen doors (PSD) system, Integrated Supervisory Control System (ISCS) and communications system – for the Cross Island Line...
The National Economic and Development Authority (NEDA) announced that President Ferdinand R. Marcos Jr. has approved 194 high-impact infrastructure flagship projects (IFPs) worth PHP 9 trillion (USD 161.9 billion). Of the 194 projects, 123 projects were initiated...
The Public Utilities Board (PUB) of Singapore has launched Singapore’s first research program dedicated to strengthening coastal protection and inland flood management capabilities. The SGD 125 million (USD 94 million) Coastal Protection and Flood Management Research...
