International News
While China-Western Trade Tension Increases, China-ASEAN Trade Increases, with US$616bn Surge Projected
In the face of persistent trade tensions and escalating barriers between China and the West, a new analysis by Boston Consulting Group (BCG) forecasts a substantial surge in trade between China and the Association of Southeast Asian Nations (ASEAN). According to a zawya.com report on 9 January 2024, this burgeoning economic partnership is poised to […]
Read MoreThailand’s Visionary Leap: US$8.8bn ‘Eastern Aviation City’ Set to Soar in Easter Provinces
In a groundbreaking venture, Thailand is poised to construct the ambitious ‘Eastern Aviation City,’ a cutting-edge transportation hub set to revolutionize the nation’s east coast. With a staggering budget of US$8.8 billion, this transformative project encompasses the expansion of U-Tapao International Airport and the birth of Eastern Airport City, marking it as Thailand’s most expansive […]
Read MoreVinFast Accelerates Global Expansion with US$2bn Investment Plan in India
In a strategic move to penetrate the dynamic Indian automobile market, Vietnamese electric vehicle manufacturer VinFast Auto Ltd. has inked a landmark agreement with the southern state of Tamil Nadu, outlining a substantial investment of up to US$2 billion. This visionary step places VinFast at the forefront of India’s burgeoning electric vehicle landscape, aiming to […]
Read MoreUN Predicts Global Economy Down to 2.4% in 2024, Inflation Rises to Above 10% for Developing Countries
In a pivotal economic report, the United Nations projects a slowdown in global economic growth to 2.4% by 2024, down from the estimated 2.7% in 2023, underscoring challenges surpassing earlier expectations. Both figures remain below the pre-pandemic 3% growth rate prevalent before the 19-year epidemic in 2020, according to VOA on 9 January 2024. The […]
Read MoreJapan Plans to Build 10k Homes for Digital Nomads as Statistics Reach 1bn by 2035
In a groundbreaking initiative, Mitsubishi Estate has announced its vision to provide accommodation for the growing wave of digital nomads in Japan, aiming to operate 10,000 rental homes by 2030. The real estate giant has recently entered into a licensing agreement with the U.S.-based peer, Blueground Holdings, renowned for its specialised housing services, marking the […]
Read MoreBentley Systems Wins Three Top Honors at the 2023 Construction Computing Awards
Bentley Systems, Incorporated the infrastructure engineering software company, today announced that it won in three categories at the 2023 Construction Computing Awards. Based on readers’ selections in an online poll, a panel of industry-expert judges made the final decisions. The judges chose Bentley’s ProjectWise as “Collaboration Product of the Year 2023.” As Bentley’s flagship application […]
Read MoreBentley Creates Virtual Singapore in 3D as a Revolutionary Model of Global Urban Design
Bentley Systems has pioneered a groundbreaking virtual application that leverages real-time data to project a 3D map of Singapore, revolutionising the way urban planning is approached. This innovative platform, known as Virtual Singapore, offers a dynamic 3D digital replica of the city-state, built on topographical and real-time, dynamic data. It serves as the authoritative platform […]
Read MoreChina Spearheads Global 5G with 2.84m Base Stations, Zhejiang Alone has Over 220,000
In a remarkable stride towards technological advancement, Zhejiang province, renowned as an e-commerce hub in East China, has proudly announced the establishment of an extensive network comprising more than 220,000 5G base stations. This revelation was made by Li Min, Deputy Director of the Provincial Economy and Information Technology Department, during the 2023 Yangtze River […]
Read MoreChina Unveils Strategic High-Speed Railway Link to Vietnam, Boosting ASEAN Trade Ties
In a significant move to deepen economic ties with Southeast Asian nations, China has inaugurated the Fangdong Railway, the first high-speed railway connecting a Chinese city on the Vietnam border to the national network. The 47km Fangdong Railway, running between Fangchenggang and Dongxing, emerges as a pivotal infrastructure project, symbolising Beijing’s commitment to fostering trade […]
Read MoreVietnamese Giant Tech FPT Accelerates Tech Footprint in the U.S. with US$100m Investment in Auto Services
Vietnam’s technology behemoth, FPT Corporation, has embarked on an ambitious venture into the U.S. automotive sector with the inauguration of FPT Automotive, a specialized unit based in Texas. This strategic move is part of a substantial US$100 million investment earmarked for the automotive industry over the next five years. This is according to the Nikkei […]
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