International News
INDONESIA HALTS RAIL PROJECT AFTER 5 DAYS
The Indonesian government has halted work on the controversial Jakarta-Bandung high-speed rail project just five days after the ground-breaking ceremony. The chaotic bidding process for the $5 billion project saw the government first halt the bid in favour of a cheaper local line before then finally awarding the bitterly contested bid to China over Japan. […]
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AIIB OPENS FOR BUSINESS
Chinese President, Xi Jinping officially launched the Asian Infrastructure Investment Bank (AIIB) in Beijing on 16 January in a move expected to change the global economic balance of power. “Asia’s financing needs for basic infrastructure are absolutely enormous,” Xi said in a speech at the launch, adding the bank would aim to invest in projects […]
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