International News
EU Makes First €15m Investment in Hyperloop
The European Commission has approved €15 million for a Dutch engineering spin-off Hardt Hyperloop to study and develop the ultra-fast transport concept known as hyperloop, according to GCR on 25 October. Tim Houter, the co-founder of Hardt, said in a press statement it is the first time that the EU invested directly in such a […]
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Vietnam Approves US$10.5bn Budget to Build & Upgrade Over 4800km Railway System
The Vietnamese government has approved a budget of US$10.5 billion to build and upgrade16 railway lines with a total length of 4,800km nationwide over the next 10 years. The plans, announced by Deputy Prime Minister Le Van Thanh, envisage the renovation and upgrading of seven lines with a total length of 2,400km and the construction […]
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PropertyGuru Asia Real Estate Summit Announces its ‘Data Revolution’ & Speaker Line-Up for 2021 Virtual Edition
Global experts will deliver insights and practical studies on PropTech, smart cities, and sustainable development • Now marking its seventh year, the virtual summit will open on 8 December 2021 during ‘PropertyGuru Week’ until 8 January 2022 • This year’s agenda will focus on the importance of data science and innovation in real estate, as […]
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APSARA Authority Approves Over 390 Construction Projects in Angkor Park in Jan-Sept
From January to September this year, the Department of Land and Habitat Management in the Angkor Park of APSARA National Authority has given construction permits to a total of 392 families to build their new homes within the Angkor Archaeological Park. According to the announcement of the APSARA Authority on 20 October, the permissions were […]
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Retail Occupancy & Rental Rates Slide Further in Q3 2021: CBRE
Three new community mall projects were completed during the third quarter this year with four new international retailers joining the market, while occupancy and the rental rates continue to decline due to the pandemic pressure, according to CBRE’s most recent report. The completed retail projects are SCG Design Village, The Commune, and MC Park. Meanwhile, […]
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Transport Minister Urges US Firms to Engage More in Infrastructure Development
The Minister of Public Works and Transport HE Sun Chanthol has placed high hopes on the US private sector gradually becoming further involved in the Kingdom’s infrastructure development, by urging US firms to consider bidding for more public projects in Cambodia. HE Sun Chanthol made the remarks in an online meeting on 20 October with […]
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First China-Laos High-Speed Train Arrives in Vientiane
The first high-speed passenger train connecting China and Laos was delivered to its operator in the Lao capital on Saturday with the plan to officially begin operation on 2 December, the National Day of Laos. The test runs for the train are also expected to begin soon before the official opening day, reported CGTN. The […]
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Construction an Engine of Global Economic Growth in Next Decade, says Global Forecast
New research has forecasted that the construction sector will be the main engine of global economic growth outpacing manufacturing in the decade to 2030, with output expected to be 35% higher than in the ten years to 2020, reported GCR. A forecast conducted by Oxford Economics and Marsh McLennan companies Marsh and Guy Carpenter revealed […]
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Bentley Systems and SMRT Trains Collaborate to Improve Safety and Reliability of Metro Rail Services in Singapore
The world’s leading infrastructure engineering software company Bentley Systems and renowned Singaporean Mass Rapid Transit (MRT) operator SMRT cooperation’s business arm Strides Engineering have signed MoU to jointly market a rail predictive maintenance solution in the Asia Pacific region. The MOU establishes a partnership between the two companies that combine strong technology expertise and rail […]
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Taiwan to Assist in Modernising Cambodia’s Construction Sector Through Latest Innovations
Taiwan’s Commerce Development Research Institute (CDRI), an institute funded by Taiwan’s Ministry of Economic Affairs, has unveiled plans to enter Cambodia’s construction market through its renowned Wow! Taiwan campaign. This large-scale marketing program intends to help connect Taiwanese businesses to local ones, as well as to assist in bringing products, technologies, and innovative services into […]
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