International News
ADB Approves US$4.3bn Loan for Philippines Rail Line
The Asian Development Bank has announced the approval of a US$4.3 billion loan for the construction of the 55km South Commute Railway Project between Metro Manila and Calamba. The project will include 18 stations and a connecting tunnel as an interchange with the planned Metro Manila Subway. The line will ultimately form part of the […]
Read More
The Philippines moves closer to building the world’s largest solar project
The solar Philippines has submitted offers to contract most of its planned 10 gigawatts of projects, including the world’s largest, as the Southeast Asian nation seeks to meet the rising demand for electricity while shifting away from coal. The planned facilities “would help address the country’s potential power shortage” and significantly boost the nation’s grid-connected […]
Read More
IMF: World to Gain Nearly US$78 Trillion Over Coming Decades by Making Energy Transition
In the upcoming decades, the world will gain US$77.89 trillion by replacing coal with renewable energy, according to a publication of the International Monetary Fund (IMF) on 8 June 2022. The net gain of this transition presents represents around 1.2% of the current world GDP every year until 2100. The IMF added the amount of […]
Read More
SIA to reopen Changi Airport lounges after completion of $50m upgrade
Travellers with lounge access can now enjoy a more comfortable journey when passing through Changi Airport, another step towards normality for air travel. Singapore Airlines (SIA) said it would fully reopen its two lounges at Changi Airport Terminal 3 at 6 pm on Tuesday (May 31), following a $50 million upgrading project that started in […]
Read More
China-based Xiaomi starts smartphone production in Vietnam
China-based Xiaomi has delivered the first batch of its made-in-Vietnam smartphones, for distribution to the local market and foreign markets –Thailand and Malaysia. The Chinese electronic giant announced Monday that its smartphones are made in Vietnam by DBG Technology, a subsidiary of Hong Kong’s DBG Electronics Investment Limited, at a factory in northern Thai Nguyen […]
Read More
U.S. Makes US$150 Million Commitment to ASEAN
The United States has promised to spend US$150 million on Southeast Asian infrastructure, security, pandemic preparedness, and other efforts. The information was announced by U.S. President Joe Biden at the start of a two-day summit with the 10-nation Association of Southeast Asian Nations (ASEAN) in Washington. Biden’s administration hopes the efforts will show the countries […]
Read More
Singapore Plans to Invest $US540M in Sustainable Energy in Vietnam
SP Group, a Singaporean state-owned electricity and gas distributor, has pledged an investment of S$750 million (US$540 million) for sustainable energy in Vietnam. The company will support the country’s transition to green energy by providing solutions for both the public and private sectors, its CEO Stanley Huang said at a press conference VN Express reported […]
Read More
Japan to Loan the Philippines US$2.2bn for Metro Manila Rail Project
The Japanese government, via the Japan International Cooperation Agency (JICA), has agreed to loan $2.2bn to the Philippine government for the first phase of its Metro Manila subway rail scheme, reported GCR. The project will include 15 underground stations and around 27km of track between Valenzuela City in the north of Metro Manila and Pasay City […]
Read More
US$1.4bn Waste-to-Hydrogen Plant Planned to Be Built in Oman
A waste-to-hydrogen plant with an investment value of US$14 billion is to be built in Oman. Once completed, it will be able to generate 67,000 tons of green hydrogen annually. US-based hydrogen generation and storage company H2-Industries has already signed an MoU with Madayn (Public Establishment For Industrial Estates) for this power project already, according […]
Read More
Vietnam to Open World’s Longest Glass Bridge for Tourists in by Late April
A 632-metre-long glass bridge, the world’s longest is scheduled to open in Vietnam’s Moc Chau town for tourists this upcoming 30 April, according to the VN Express. Located in the Moc Chau Island tourist area in Son La Province, around 200 kilometres from Hanoi, the Bach Long bridge is reaching completion. Once completed and open, […]
Read More