International News
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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ADB Lends Laos PDR US$692.5m to Build Largest Wind Power Plant in Southeast Asia
The Asian Development Bank (ADB) has signed a financing package worth US$692.55 million with Monsoon Wind Power Company Limited (Monsoon) to construct a 600-megawatt wind power plant in the Sekong and Attapeu provinces of southern Laos PDR. The project, called “Monsoon,” will be the largest wind power plant in Southeast Asia, consisting of 133 wind […]
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Bentley Systems Issues Call for Nominations for the 2023 Going Digital Awards in Infrastructure
Winners to be Selected and Announced at the Year in Infrastructure and Going Digital Awards Event in Singapore Bentley Systems, the infrastructure engineering software company, today announced its call for nominations for its 2023 Going Digital Awards in Infrastructure. The awards program, which is judged by independent industry experts, seeks to recognize infrastructure projects for […]
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Key Trends Driving the Architecture, Engineering, and Construction Industry
By Brenden Roche, Product Expert, Facilities Engineering, Bentley Systems The architecture, engineering, and construction (AEC) industry is no stranger to change and ever-evolving trends. Also, the global pandemic has forced many other industries to change course, and AEC is no exception. Global players are altering their businesses in response to not only the pandemic but […]
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Dubai to build 93km smartest cycling & walking highway
Dubai plans to build a 93km climate-controlled highway known as ‘THE LOOP’, which will provide access to cycling and walking services by 2040. The new highway aims to connect over 3 million residents using a “healthy mode of transport by walking and cycling within minutes,” sustainable architecture firm URB said in a statement. “It will […]
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India Invests US$13bn to Build Country’s Longest Highway Connecting New Delhi & Mumbai
India officially broke ground on the first stage of its longest expressway, a route linking Delhi and Mumbai, as it makes a concerted infrastructure push to catch up with its geopolitical rival China. The expressway project is a new 1,386-kilometre four-lane road with a total budget of US$13bn which will eventually cut the road travel […]
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