International News
Thailand Accelerates Completion of 873km High-Speed Rail Project Linking Bangkok to China’s Kunming
Thailand is fast-tracking the development of an 873-kilometre high-speed rail project that will connect Bangkok with the Lao-China railway, significantly easing the transport of people and goods from Bangkok to Kunming, the capital of China’s Yunnan Province. The project, estimated to be worth between US$5 billion and US$9.9 billion, is expected to be completed in […]
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Vietnam Seeks China’s Expertise for High-Speed Rail & 1,500 km North-South Railway Project
Vietnam is seeking China’s support for the development of its high-speed rail network, including the China-Vietnam cross-border railway project, to enhance trade between the two countries. On 25 June 2024, VnExpress reported that Vietnamese Prime Minister Pham Minh Chinh conveyed this request to Lou Qiliang, Chairman of China Railway Signal Information, during the World Economic […]
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VinFast Invests US$200m in New Indonesian Plant, Aiming for 50,000 Cars Annually
Vietnamese electric vehicle (EV) maker VinFast has committed US$200 million to establish a new manufacturing plant in Subang, West Java, Indonesia. The facility, which will have the capacity to produce up to 50,000 cars annually, will feature a general assembly line, paint shop, and special test area, creating thousands of local jobs. This information was […]
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Hyundai Open First EV Battery Plant in Indonesia, First in ASEAN, Aiming to Supply 150,000 Vehicles Annually
Hyundai has launched its first electric car battery plant in Indonesia in partnership with LG Energy Solution, setting a significant milestone in its global supply chain strategy. The new facility, capable of supplying around 150,000 Hyundai and Kia electric vehicles annually, began operations on 3 July 2024, according to Asia.nikkei.com. With an operational capacity of […]
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China’s Undersea Cable Expansion Defies U.S. Sanctions, Bolsters Domestic Production
China’s undersea cable manufacturers are thriving despite U.S. trade restrictions, with Beijing’s push for self-sufficiency in critical communications infrastructure fuelling growth. FiberHome International Technologies, blacklisted by the U.S. in 2020, has reported increased business due to China’s drive for domestic production. “We don’t need foreign technologies,” a FiberHome executive told Nikkei on 26 June 2024. […]
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US$10bn Project to Connect China-Singapore Railway Unveiled by Chinese Premier
China’s Premier Li Qiang has announced an ambitious US$10 billion project to link thousands of kilometres of railways from Malaysia to China, through Thailand and Laos, culminating in a connection to Singapore. This announcement was made during his three-day official visit to Malaysia, marking the 50th anniversary of China-Malaysia diplomatic relations, according to Reuters on […]
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Nicholas Cumins Takes Charge as CEO of Bentley Systems, Ushering in a New Era
Following the CEO transition plan previously announced by Bentley Systems, Incorporated (Nasdaq: BSY), Nicholas Cumins today takes charge as CEO. Cumins succeeds Greg Bentley, the eldest of the five brothers who founded Bentley Systems, who becomes Executive Chair of its Board of Directors. Cumins is the first CEO in the company’s 40-year history who is […]
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Hitachi Targets Southeast Asia Rail Market with US$1.6bn Acquisition
Hitachi aims to expand its presence in Southeast Asia’s railway market following its US$1.6 billion acquisition of Thales Group’s rail signal business on 31 May 2024, as China remains a dominant infrastructure supplier. This move enhances Hitachi’s ability to provide integrated railway solutions in Singapore and Malaysia. The announcement was made during a media roundtable […]
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Guangzhou to invest $1.4 billion to build infrastructure for flying car by 2027
Guangzhou is set to invest over 10 billion yuan (US$1.4 billion) by 2027 in the burgeoning “low-altitude economy,” targeting the development of services operating below regular commercial aviation altitudes. This substantial investment is part of China’s strategic push to invigorate its slowing economy, according to Asia.nikkei.com dated 4 June 2024. The ambitious plan involves building […]
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Vietnam’s Trade Ministry Requests PM’s Approval on Cambodian Sand Imports to Address 2.3m Cubic Metres Demand
The Vietnamese Ministry of Industry and Trade has proposed to Prime Minister Phạm Minh Chính to import construction sand from Cambodia to address the country’s annual demand of 2.3 million cubic metres. This recommendation follows a feasibility study indicating Cambodia’s ability to supply sand for Vietnam’s long-term construction needs, as reported by Vietnamnews.vn on 24 […]
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