International News
Pioneering the Celestial Frontier: Rolls-Royce Explores Moon-Based Nuclear Power Plant
The UK Space Agency (UKSA) has unveiled its endorsement of Rolls-Royce's visionary research into constructing a nuclear power plant on the moon, an innovative endeavour poised to extend the mission duration of astronauts and revolutionize space exploration. Recognizing the imperative need for a sustainable and reliable power source to enable prolonged lunar missions, Rolls-Royce, renowned for i...
Read MoreUnlocking the Ancient Secrets: Researchers Unveil the ‘Self-Healing’ Power of Roman Concrete
A groundbreaking discovery has been made by an international team of researchers hailing from the United States, Switzerland, and Italy. Their study has revealed the long-guarded mystery behind the remarkable durability of ancient Roman concrete structures that have withstood the test of time for thousands of years. The research uncovered a key ingredient in Roman concrete that contributes to i...
Read MoreDyson Unveils Ambitious US$3.4 Billion Project with Launch of Cutting-Edge Battery Plant in Singapore
In a groundbreaking move to enhance its engineering and manufacturing capabilities, renowned British technology firm Dyson has announced the opening of a state-of-the-art proprietary battery plant in Singapore. The news, as reported by CNA on 3rd May 2023, highlights Dyson's commitment to innovation and solidifies its position as a global leader in the industry. The upcoming battery plant, stra...
Read MoreQuanta, Apple’s Manufacturing Partner, Invests $120 Million in State-of-the-Art Plant in Vietnam
Renowned Taiwanese contract manufacturer, Quanta, responsible for producing MacBooks for tech giant Apple, has recently entered into an agreement with Vietnamese authorities to construct a remarkable factory worth $120 million. The primary purpose of this state-of-the-art facility will be to supply crucial components to Apple's diverse product lineup. Situated within the expansive 22.5-hectare ...
Read MoreMassive Infrastructure Investments, at Least US$13.8b, Crucial for Asia’s Economic Growth, Asian Development Bank Urges
The Asian and Pacific region is standing at a critical juncture, as the Asian Development Bank (ADB) emphasizes the urgent need for substantial infrastructure investments to sustain economic growth, alleviate poverty, and combat climate change. A recent report released by the ADB on April 02, 2023, reveals that an estimated investment of $13.8 trillion or $1.7 trillion annually from 2023 to 2030 i...
Read MoreSingapore Doubles Property Tax for Foreign Buyers in Effort to Cool Market
In a move to address concerns over the affordability of housing for locals and maintain its position as a competitive financial hub, Singapore has raised taxes on property purchases. The Ministry of Finance, National Development Ministry, and Monetary Authority of Singapore have jointly announced that stamp duties for foreign buyers will increase from 30% to 60%. While Singaporeans and permanen...
Read MoreBentley Systems Announces Infrastructure Projects Achieve Measurable Results with LumenRT for NVIDIA Omniverse, Powered by iTwin
Creation of Immersive 3D/4D Experiences Enhances Visualization and Simulation of Infrastructure Digital Twins for Improvements in Communication and Collaboration Bentley Systems announced how infrastructure organizations across industries and around the globe are leveraging the power of LumenRT for NVIDIA Omniverse, powered by iTwin, a solution enabling infrastructure organizations to create c...
Read MoreJapan Approves Ambitious $13.5 Billion Casino Project, A Game-Changer for Country’s Tourism Industry
The Japanese government has given the green light to the country’s first-ever legal casino project, set to transform the nation’s tourism industry. The initial investment cost for the ambitious project is estimated to be 1.8tn yen (approximately US$13.5 billion) and is expected to be completed in 2029. According to The Guardian, the MGM Resorts International and Orix-led casino complex in Osaka...
Read MoreBeulah’s STH BNK Project to become Australia’s Tallest Building with US$2bn Investment
Beulah, a prominent developer, has been given the green light by the Victorian government to proceed with the STH BNK project, which will be Australia's tallest building upon completion. The $2bn project will consist of two towers, with the first one towering over the nation's current tallest skyscraper, the Q1 building, at a height of 366 metres, while the other will be 288 metres tall. The de...
Read MoreChina Invests US$500 Million on Groundbreaking Subsea Cable Network to Rival USA
China has set its sights on developing the world's most extensive and advanced subsea fiber-optic internet cable network, spanning across Asia, the Middle East, and Europe. The cable network will cost an estimated US$500 million to complete, and it will be laid by Huawei Technologies Co Ltd-owned fast-growing cable firm, HMN Technologies Co Ltd. The EMA (Europe-Middle East-Asia) cable project will...
Read More