Singapore’s Infrastructure Asia and Denmark’s Danida Sustainable Infrastructure Finance signed a Memorandum of Understanding (MOU) on 26 February 2020 to boost the financing of sustainable infrastructure. With this MoU, Singapore and Denmark deepen their ties to...
The Government of Thailand has committed to spending more than USD 21 billion to expand Bangkok’s rail network linking Thailand to other countries such as China and Singapore. Such a network will make transport more convenient, reduce pollution, and is expected...
Ha Long City will receive USD 107 million to improve its transport Infrastructure this year in a bid to transform the coastline into an attractive tourism destination. The investment, which will contribute to 57 projects, will come from Quang Ninh province’s budget,...
American engineering company AECOM, strategy consulting firm McKinsey & Company and Japanese architectural and engineering firm Nikken Sekkei will be involved in developing the masterplan of Indonesia’s USD 34 billion new capital city in the rainforests of East...
Malaysian state-owned oil and gas company, Petroliam Nasional Bhd (Petronas) announced the development of a digital solution called the Advance Diagnostic and Prognostic Technology (ADaPT) that predicts mechanical damage at various facilities and helps prevent...
Indonesia and Hungary are going to establish a USD 500 million joint investment fund to finance Indonesian Infrastructure investments in transport and water management. Both countries are expected to put in equal contribution, with Hungary managing the fund. Hungarian...
Yong Tai Bhd, one of Malaysia’s largest tourism-related property developers has received approval from the Melaka state government to develop an international cruise terminal by 2022. The MYR 8 billion (USD 1.9 billion) deep-sea port is to be built facing Straits of...
The Philippine Economic Zone Authority (PEZA) is planning to transform several economic zones in the country into defense industrial complexes where military equipment and weapons will be produced. This is in line with the government’s goal of modernizing the Armed...
In the 2020 budget, the Singapore government laid out a vision is to phase out ICE (internal combustion engine) vehicles and have all vehicles run on cleaner energy by 2040. Three measures have been introduced in the budget for this: Enhancement of incentives to...
The construction of the first traffic tunnel under the Chao Phraya River is being considered to relieve traffic congestion in the Sathon and Silom areas of Bangkok. The Ministry of Transport of Thailand previously had plans to dig nine traffic tunnels across Bangkok...
Construction has started in late January 2020 for the 221-hectare Yen Phong II-C Industrial Park in the northern province of Bac Ninh. The industrial park represents an investment of more than VND 2.23 trillion (USD 96.3 million) by state-owned Viglacera Corp....
Foreign Investors are investing in the Trans Java toll roads that are part of the Trans Java network. Recently, two toll roads, Solo-Ngawi and Ngawi-Kertosono-Kediri, were invested by a Hong Kong firm, Kings Key Limited (KKL). The company is a subsidiary of Road King...
