International News
Myanmar Condo Rentals Take Fall to Houses
Rentals of condominiums to foreign tenants have taken a fall in the first half of 2017 as the market becomes saturated and the renters increasingly seek detached houses.
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Bentley’s Aecosim Building Designer Connect Edition Surmounts the Challenges of Bim Scalability for Major Projects
September 2017: Bentley Systems, Incorporated, a leading global provider of comprehensive software solutions for advancing infrastructure, announced the availability of AECOsim Building Designer CONNECT Edition, Bentley’s building information modelling (BIM) application designed for building projects of significant size and/or engineering complexity, and which are typically characterised by the challenges of combining vertical construction and horizontal […]
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One Belt One Road Investments Under Scrutiny
China’s recent crackdown on capital outflows simultaneously prioritised One Belt One Road initiatives which has resulted in rapid overseas investments and acquisitions, and these are now coming under greater scrutiny by authorities. In August, in response to these fresh outflows and looser restrictions, China’s National Development and Reform Commission (NDRC) announced that it would be […]
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World’s Largest Expo Trade Centre for Thailand
A Thai-Chinese joint venture has announced plans to build the world’s largest expo trade centre on the Gulf of Thailand coast, east of the capital Bangkok. Thai company Best Group and Shenzhen property company Hydoo International are investing USD3bn to build the 2.5 square kilometre Trust City World Exhibition and Trade Centre. When complete in […]
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China Building 30% of World’s Infrastructure
A new report from Timetric’s Infrastructure Intelligence Center (IIC) shows that projects around the world with Chinese contractor involvement make up 16 percent of the global total by project number. However, the size of China-sponsored projects translates to 31 percent of the total global infrastructure project value, which is USD17.1 trillion as of 2017. The […]
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Vingroup Starts Work on Car Factory
Vietnam: Vingroup, Vietnam’s largest property developer announced that it had started construction on an enormous car factory in the north of the country in September. The first phase of construction on the 335-hectare site is worth USD1 – 1.5 billion and is part of an overall push by the company to expand into the heavy […]
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Ww2 Bomb Kills Worker on Malaysia Rail Site
Malaysia: An explosion from a World War II-era bomb killed one worker and seriously injured two others on the construction site of a new underground station in the Malaysian capital Kuala Lumpur in October. A Bangladeshi worker died in hospital after the blast from the unexploded ordnance. During the Second World War Kuala Lumpur was […]
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Myanmar Construction Trends Remain Positive
A new report on Myanmar’s construction industry predicts a slowing in growth over the next five years following five years of solid positive growth. Timetric’s Construction in Myanmar – Key Trends and Opportunities to 2021 report showed sustained growth in the period 2012-2016 of 10.33 percent, despite a downturn due to political tensions in 2015-2016, […]
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China Punishes 31 Responsible for Deaths of 73
The Chinese government has ordered ‘coercive measures’ on 31 people it has held responsible for an accident on a construction site in November 2016 that killed 73 people. The deaths were caused by the collapse of a cooling tower at a power plant which was under construction in Southern China. Two more workers were injured […]
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Philippines Flooded With Chinese Contractors
The Philippines’ huge infrastructure construction program has attracted so much interest from Chinese contractors, that the government has requested assistance from China to screen companies applying for projects.A combination of Philippines President Duterte’s USD180bn ‘Build, Build, Build’ program and the Chinese One Belt, One Road initiative has created one of the largest infrastructure construction booms […]
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