International News
AIIB & ADB to loan Philippines with US$750m loan to manage COVID-19 impacta
The Philippines has been offered a US$750 million loan from the Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB) to assist the nation to kickstart its economy following a slump caused by the COVID-19 pandemic. The loan is intended to help the Philippines increase its testing program and provide support to affected […]
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Aeon to Build its First US$180 million Mall in Myanmar in 2021
Aeon plans to build the first Aeon Mall in Yangon, Myanmar, in early 2021 with an investment of US$180 million, according to the Nikkei Asian Review on 06 August. As a joint venture between Aeon Mall and Shwe Taung, the project will be built on 72,000 square metres of land and is scheduled to open […]
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Myanmar to Build US$483.8 million Expressway for East West Economic Corridor
Myanmar’s government has approved a US$483.8 million loan from the Asian Development Bank (ABD) to build an expressway linking Bago to Kyaik Hto, with the aim to connect with Vietnam’s Da Nang port through to Cambodia, Laos and Thailand in the near future. According to a report in Irrawaddy in July, the Bago-Kyaik Hto Expressway […]
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Bentley Systems Waives Subscription Fees LEGION Simulator and OpenBuildings Station Designer September 30
Bentley Systems, a leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, has opened up its LEGION Simulator and OpenBuildings Station Designer software, including waiving new subscription fees through September 30, 2020, for facilities managers to incorporate pedestrian simulation methodologies across their planning, design, and […]
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Indonesia invites Japanese companies to cooperate on rail link extension
With China and Japan bitter rivals for the controversial Jakarta-Bandung high-speed rail link and China emerging victorious with the US$6 billion contracts, the government of Indonesia is now welcoming Japanese companies to bid on an extension of the route from Bandung to Surabaya. Indonesian Economic Affairs Minister Airlangga Hartarto made the integrated rail link extension […]
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Thai government approves US$9bn Pattaya airport expansion
A consortium led by Bangkok Skytrain and metro operator BTS has been given the green light by the government of Thailand to expand U-Tapao International Airport near Pattaya. The consortium, which includes Bangkok Airways and Sino-Thai Engineering & Construction, plans to build a third terminal and cargo and plane maintenance centres as well as create […]
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World’s fastest railway project in Japan delayed over environmental concerns
Construction of the world’s fastest magnetic levitation (Maglev) railway connecting Tokyo to Osaka in Japan has been halted by Shizuoka prefecture due to fears that it will strain groundwater under the tunnel, according to the Global Construction Review. In a live broadcast meeting, Governor of Shizuoka Prefecture Heita Kawakatsu refused to allow the proposed 9km-long US$84 […]
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ASEAN top leaders touch on green infrastructure development and sustainable tourism to bolster regional trade
What have ASEAN leaders learned from COVID – 19? Top ASEAN leaders recently held an online video conference gathering for the 36th ASEAN Summit on 26 June 2020 with representatives of the ASEAN Business Advisory Council (ASEAN-BAC). The meeting achieved a joint statement based on the theme of “Cohesive and Responsive ASEAN in 2020”. The […]
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ASEAN: Mega construction projects will rebound to reach US$2.9 trillion over the next five years
Increasing investment in ASEAN construction industry The COVID-19 crisis has left many economies across the globe, including the construction industry, closed for a months during the first quarter of 2020. For ASEAN, significant opportunities for the growing demand for construction machinery are expected to increase after 2020, due to large infrastructure projects and changing labour […]
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US$1.7 billion coal power plant set for Sekong
Singapore energy firm Evolution Power Investment Corporation (EPIC) has recently received approval from the government of Laos PDR to develop a US$1.7 billion thermal power plant in southern Laos’ Sekong province. The plant will reportedly generate 1,000 MW and will likely be powered by domestically extracted coal, according to a report in by ASEAN Today […]
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