International News
Hong Kong Economists Predict Global Economic Inflation to Remain Stagnant at 10% in 2024
As the world steps into 2024, the global economy finds itself at a crossroads, grappling with a delicate balance of risks that could shape the trajectory of the year. Schroders, in their insightful analysis on 1 February 2024, sheds light on a nuanced economic landscape, hinting at potential challenges and opportunities. Schroders underscores a notable […]
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Advancing Infrastructure: Texas Launches $1.45 Billion Using iTwin of Bentley to Build Viaduct Project in I-35 Corridor
The Texas Department of Transportation (TxDOT) has embarked on a monumental $1.45 billion project. The initiative aims to address the surging demand on the I-35 corridor by introducing a cutting-edge viaduct, thereby augmenting the thoroughfare with three additional lanes in each direction. The project, overseen by Ferrovial Construction U.S. and Webber LLC, leverages Bentley’s iTwin […]
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Indonesia Unveils Southeast Asia’s Swiftest Railway, Just 36 mins for Jakarta to Bandung
Indonesia, a Southeast Asian gem with its rich cultural tapestry woven across more than 17,000 islands, has added another feather to its cap. The archipelagic nation is now home to the fastest railway in Southeast Asia, connecting the bustling cities of Jakarta and Bandung. The inaugural high-speed rail line, appropriately named WHOOSH, commenced operations in […]
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Global Natural Gas Boom: US$194bn Investment Fuels 70,000 km Pipeline Expansion
Amidst a surging demand for cleaner energy sources, a colossal global investment of US$194 billion is propelling the construction of natural gas pipelines, spanning an impressive 70,000 kilometres. The collective length of pipelines under construction globally has witnessed an impressive 18% surge by the close of 2023 compared to the previous year. This monumental undertaking, […]
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First Phase of Thailand’s US$28bn Landbridge Project Kicks Off
In a strategic bid for infrastructural advancement, Prime Minister Srettha Thavisin, joined by Interior Minister Anutin Charnvirakul and Transport Minister Suriya Jungrungreangkit, conducted a thorough examination of the Land Bridge megaproject on 21 January 2024. The project, designed to seamlessly connect Ranong province with Chumphon province, unfolds as a multi-faceted initiative encompassing deep-water ports, an […]
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Satellite LOTUSat-1 to Carry Vietnam’s Dream into Space by End of 2024
Vietnam is on the brink of a historic technological feat as it prepares to launch its maiden radar technology satellite, LOTUSat-1, into orbit by the close of 2024. The LOTUSat-1, a 600-kilogram marvel of cutting-edge radar technology, is a testament to Vietnam’s ambitious foray into space exploration and satellite imagery. Set to be finalised in […]
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Thai PM Calls for Higher Wages & Diverse Incentives for Foreign Investments In ASEAN
Thai Prime Minister Srettha Thavisin has called on leaders of other ASEAN countries, including Malaysia and Cambodia, to work together to find ways to raise minimum wages and propose changes to foreign investment incentives, according to Thailand Business News on 22 January 2024. Speaking at the World Economic Forum in Davos, PM Thavisin emphasized the […]
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While China-Western Trade Tension Increases, China-ASEAN Trade Increases, with US$616bn Surge Projected
In the face of persistent trade tensions and escalating barriers between China and the West, a new analysis by Boston Consulting Group (BCG) forecasts a substantial surge in trade between China and the Association of Southeast Asian Nations (ASEAN). According to a zawya.com report on 9 January 2024, this burgeoning economic partnership is poised to […]
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Thailand’s Visionary Leap: US$8.8bn ‘Eastern Aviation City’ Set to Soar in Easter Provinces
In a groundbreaking venture, Thailand is poised to construct the ambitious ‘Eastern Aviation City,’ a cutting-edge transportation hub set to revolutionize the nation’s east coast. With a staggering budget of US$8.8 billion, this transformative project encompasses the expansion of U-Tapao International Airport and the birth of Eastern Airport City, marking it as Thailand’s most expansive […]
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VinFast Accelerates Global Expansion with US$2bn Investment Plan in India
In a strategic move to penetrate the dynamic Indian automobile market, Vietnamese electric vehicle manufacturer VinFast Auto Ltd. has inked a landmark agreement with the southern state of Tamil Nadu, outlining a substantial investment of up to US$2 billion. This visionary step places VinFast at the forefront of India’s burgeoning electric vehicle landscape, aiming to […]
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