Local News
New Myanmar Port Targets Agri-exports
The Thilawa Special Economic Zone, a JV between Myanmar and Japan, is investing $29 million on developing a new port and building infrastructure for transporting agricultural products.
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World Bank and Aiib Sign Deal
The World Bank and the new Chinese-led Asian International Investment Bank (AIIB) have signed a $1.2 billion deal to co-fund infrastructure projects in 2016.
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Yangon New City Tender Awarded
Three firms have been awarded the tender to build the controversial 4,745 hectare Yangon New City development to the west of the capital.
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Indonesian Rail Link Crawls Forward
Construction on Indonesia’s first high-speed railway can finally start following a construction permit being issued by the government in March.
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Bali Invites Bids for 2nd Airport
Indonesia’s largest tourist island Bali wants to build a second airport to double tourist intake from 10 million a year now to 20 million by 2025. The current airport has only one runway and may reach full capacity in as little as five years.
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Adb Funds Manila Water Tunnel
The ADB has granted a $123.3m loan to Metropolitan Waterworks and Sewerage System (MWSS) of Manila to build a new water tunnel in Manila, Philippines.
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Asean’s Appetite for Steel Rising
ASEAN countries\' steel market consumption is expected to exceed 90 million tons by 2019, a growth of 6 percent, according to a new study entitled ASEAN Countries Steel Market Outlook 2015-2019.
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Thais Go It Alone on Rail Link
The Thai Prime Minister Prayut Chan-o-cha has announced the country is capable and financially prepared to fully fund its multi-billion-baht high-speed rail project, following a visit to China.
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Virtual Reality Provides Safety Training
Asian construction firms are using a virtual reality platform to train workers in building site safety and reduce accidents.
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Construction Drop Slows S. Korean Economy
A drop in construction investment caused a slow in South Korea\'s economic growth in the final quarter of 2015, according to the Bank of Korea.
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