International News
US$7.2b Jakarta-Bandung High-Speed Railway Set to Revolutionize Indonesian Transport
Indonesia is set to mark its 78th Independence Day with the opening of the highly anticipated Jakarta-Bandung High-Speed Railway, a landmark project that will connect the capital to the thriving city of Bandung in just 40 minutes. The US$7.2 billion railway, a flagship initiative of China’s Belt and Road Initiative, has been years in the […]
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WSB and Bentley Systems Collaborate to Offer New Digital Construction Management Service Based on SYNCHRO
Will Provide Digital Integrator and Advisory Services for Construction Digital Twins Running in Bentley Infrastructure Cloud Bentley Systems, a leading infrastructure software provider, has partnered with WSB, a digital construction management solution provider, to create a new service that will help civil infrastructure owners and contractors adopt and utilize infrastructure digital twins. The service is […]
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Thai Conglomerate PTT Invests in 420-Megawatt Solar Power Plant in India
Global Power Synergy Public Company (GPSC), a subsidiary of Thailand’s PTT, has secured the rights to invest in a 420-megawatt solar power plant in India through its renewable energy arm, Avaada Energy Private. The project, which will be completed within 18 months, will be crucial in India’s aim to increase its renewable energy generation capacity […]
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Bentley Systems Expands Infrastructure Engineering Portfolio with EasyPower Acquisition
To Broadly Incorporate Electrical Modeling and Analysis across the Lifecycle of Infrastructure Digital Twins Bentley Systems, a leading infrastructure engineering software company, has announced its acquisition of EasyPower, a developer of design and analysis software for electrical engineering professionals. This acquisition will enable Bentley Systems to incorporate electrical modeling and analysis across the lifecycle of […]
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Laos to become major exporter of electricity in ASEAN
Laos has been becoming a major source of electricity in ASEAN as it has been selling electricity to its neighbouring countries on a large scale. Laos earned more than 1.76 billion USD from electricity export in 2022, up 7.5% from last year, the country’s media reported. For 2023, the Lao Government has set a target […]
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Giant PTT To Invest US$900M More on Local and Overseas Business
Thailand PTT Oil and Retail Business Pcl, a leading oil and gas retailer, has revealed plans to invest $900 million this year to expand its local and overseas business. The announcement was made by Chief Executive Officer Disathat Panyarachun, as reported by Bangkok Post on 28 March 2023. According to Disathat, approximately 45% of the […]
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Thailand to Invest $1.4 Billion in 7 New Airports
Thailand’s Department of Airports (DOA) is set to invest THB 50 billion ($1.46 billion) in the development of seven new regional airports in the country, aimed at improving connectivity and providing more travel options for both domestic and international tourists. The airports will be built in lesser-known provinces that were previously delayed due to the […]
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US$4.2 Bln Hanoi Smart City to Begin Work in 2023
Sumitomo Corp, a Japanese trading company, and Vietnamese real estate developer BRG Group are set to commence work on a $4.2-billion smart city in Hanoi, Vietnam, in 2023. According to Shiomi Keigo, Sumitomo’s chairman and CEO, the companies have requested that Hanoi authorities expedite the process of adjusting the 1:500-scale plan to allow for the […]
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Vietnam Invests Nearly US$76m to Connect Quang Nam Province to Cambodia, Laos, and Thailand
Vietnam is set to invest over US$75.8 million to construct a 90km road upgrade project connecting Quang Nam province to the Central Highlands region and neighbouring countries: Lao, Cambodia and Thailand. The project, which was launched by the transport ministry and provincial People’s Committee, will renovate 74km of NR14E from 2021 to 2025, with the […]
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Asia-Pacific GDP Forecast to Grow Slowly in 2023, Drop to 2.9% Growth in 2024
The Asia-Pacific region’s economy is expected to experience slow growth in 2023, according to a report from an Asia-Pacific Economic Cooperation (APEC) research unit. The report forecasts that the region’s GDP will expand by 3.1% this year before dropping to 2.9% growth in 2024, due to downside risks continuing to pressure recovery. “The enduring pandemic, […]
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