International News
Bentley Systems Recognizes the Year in Infrastructure 2023 as Groundbreaking for Infrastructure Intelligence
Bentley Infrastructure Cloud Compounds Value of Engineering Data; iTwin Capabilities Added to Bentley Open Applications SINGAPORE – Oct. 12, 2023 – At its annual Year in Infrastructure conference, Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, described 2023 as a “groundbreaking year” for infrastructure intelligence. Citing users’ projects, CEO Greg Bentley highlighted how […]
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VN’s VinFast Market Expansion: $400 Million Investment in EV Factories in India and Indonesia
Vietnamese electric vehicle (EV) manufacturer VinFast is gearing up for a substantial expansion, with plans to establish manufacturing facilities in India and Indonesia. These ambitious moves are backed by a projected $1.2 billion capital infusion from its founder and other investors. VinFast, a Nasdaq-listed company, envisions entering 50 markets worldwide by the close of 2024, […]
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Price Wars Drive Mitsubishi Motors Out of China to Move to Southeast Asia
In a strategic move, Mitsubishi Motors has taken the decision to cease automobile production in China. This significant shift in strategy comes as Mitsubishi grapples with sluggish sales in China, primarily attributed to the increasing popularity of electric vehicles (EVs) and the emergence of local automotive brands. As the curtains close on their Chinese operations, […]
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United States to Launch US$600bn Infrastructure Initiative Across Eurasia to Rival China’s Belt & Road Initiative
In a move set to reshape global economic dynamics, the United States, in collaboration with India, Saudi Arabia, the United Arab Emirates, the European Union, and other G20 partners, has unveiled a transformative mega-project estimated at over US$600 billion. This ambitious initiative aims to establish a comprehensive economic and trade network that will rival China’s […]
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Bentley Systems Announces Seequent’s Acquisition of Geothermal Simulation Leader Flow State Solutions
Combines Seequent’s Geological Modeling with Flow State Solutions’ Geothermal Simulation Software SINGAPORE – Oct. 11, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Seequent, The Bentley Subsurface Company, has signed an agreement to acquire Flow State Solutions, an industry leader in geothermal simulation software. The move further solidifies […]
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BRI Forum Brief: China Shifts from Building Major Infrastructure to Focusing on Digital Connectivity
In an era of evolving global dynamics, China’s Belt and Road Initiative (BRI) is poised for a transformative second decade, signaling a shift towards more efficient, market-oriented, and less debt-burdened projects. President Xi Jinping’s recent pronouncement on the future of BRI as “small yet smart” is underpinned by valuable lessons learned. This strategic shift comes […]
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China Spends US$10bn to Dig Massive New Canal to Ease Trade Flow with ASEAN
Recognizing that the eastern port where goods pass through the port near Taiwan looks unstable and is under US surveillance, China has invested a staggering US$10.3 billion (equivalent to 72.7 billion yuan) to carve out the sprawling Pinglu Canal. Stretching over 134 kilometers, this monumental waterway links the Xijin Reservoir near Guangxi’s vibrant capital city, […]
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Bentley Systems Announces Winners of the 2023 Going Digital Awards in Infrastructure
Winners Announced at the 2023 Year in Infrastructure and Going Digital Awards Event in Singapore SINGAPORE – Oct. 12, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the winners of the 2023 Going Digital Awards in Infrastructure. The annual awards program honors the extraordinary work of Bentley software users […]
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Bentley Systems Announces Executive Appointments
Changes Reinforce BSY’s Organizational Sustainability and Contributions to Global Infrastructure Sustainability SINGAPORE – Oct. 11, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced executive appointments. Kristin Fallon joins Bentley as Chief Marketing Officer, based in Annapolis, Maryland. Most recently, Fallon was Global Head of Brand and Digital Marketing at […]
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Indonesia Unveils Southeast Asia’s First High-Speed Railway
In a historic milestone, Indonesia inaugurated Southeast Asia’s maiden high-speed railway on 2 October. This remarkable project, with a price tag of US$7.3 billion, stands as a testament to China’s expansive Belt and Road infrastructure initiative. Predominantly financed by Chinese state-owned corporations, the grand unveiling of this high-speed rail line signifies a significant leap forward […]
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