International News
UN 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 More
Japan 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 More
Bentley 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 More
Bentley 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 More
China 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 More
China 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 More
Vietnamese 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 […]
Read More
Apple Transfers Key iPad Engineering Resources to Vietnam
In a strategic move, Apple is reportedly channeling product development resources for its iPad to Vietnam, marking a significant shift in its global manufacturing landscape. Collaborating with China’s BYD, a pivotal iPad assembler, Apple is set to transfer New Product Introduction (NPI) resources to Vietnam—an unprecedented move for a core device, according to sources briefed […]
Read More
Excluding China, India Leads Coal Power Surge in Asia Followed by Vietnam & Indonesia
India, excluding China, is spearheading the construction of new coal-fired power capacity in Asia, boasting an impressive 31.6 gigawatts (GW) in progress. This substantial figure is part of the broader 67 GW currently under construction in the region, with Indonesia and Vietnam making notable contributions, the Global Energy Monitor (GEM) reported in July 2023. The […]
Read More
Thailand’s EV Brand Launches First Production with 20,000 Annual Capacity
Embarking on a significant milestone in its global growth strategy, Hozon Auto’s electric vehicle (EV) brand, Neta, commenced production at its inaugural overseas factory in Thailand on 30 November, exceeding initial expectations. The Thai facility, with an annual production capacity of 20,000 units, symbolizes Neta’s commitment to strengthening its foothold in right-hand drive markets. The […]
Read More