International News
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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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, […]
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Indonesia’s First High-Speed Railway to Start First Trial in November
Indonesia’s first high-speed railway connecting the country’s largest cities of Jakarta and Bandung is set to begin a test run in November in time for the G20 meeting in Bali, reported GCR. After a difficult six-year construction period, the project is now at 80% completion, according to the governor of West Java province Ridwan Kamil. […]
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Oman’s US$1bn Sustainable Tourism City Launched in Oman
Oman has officially launched the first phase of its US$1-billion mega coastal tourism city development— the Yiti Sustainable City. Spreading on over 100ha of land in Muscat, the project is being implemented by Tourism Development Company (Omran Group) and Diamond Developers. According to the firm’s press release on 30 March, the first phase will include […]
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Canada to build multibillion-dollar hyperloop train linking 2 major cities
French Canadian firm TransPod says it has already raised US$550 million for its multibillion-dollar project to build an ultra-fast vacuum tube link between Calgary and Edmonton, reported GCR. The money was raised from UK project finance group Broughton Capital and Chinese state-owned industrial trading company China-East Resources Import & Export. If it is built, the […]
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World’s skinniest skyscraper completed in New York
The world’s skinniest skyscraper in the world located in New York City— Steinway Tower or111 West 57th Street— has been completed and is ready for residents to move in. This luxurious apartment tower has a height of 435m, 24 times of its width, with a total of 84 floors and over 530,000 sqm of floor […]
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