International News
Singapore 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 […]
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Bentley 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 compelling visualizations and project deliverables […]
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Japan 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 […]
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Beulah’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 […]
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China 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 […]
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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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