International News
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
Japan Explores Maglev Technology for Earthquake-Resistant “Floating Homes”
Of course, the quake did not kill people directly, but the buildings or houses where people lived were the ones that killed people in the quake. If we look at the statistics or photos of earthquakes, we will see that most of the deaths due to earthquakes, large or small, are from buildings or parts […]
Read More
TSMC Affiliate Vanguard Partners with NXP for US$7.8bn Chip Facility in Singapore
Vanguard International Semiconductor, an affiliate of TSMC, will invest US$7.8 billion in partnership with European chipmaker NXP to construct its most advanced production facility in Singapore, targeting the rising demand for regional chip manufacturing and supply chain resilience. This significant venture, announced on Wednesday, underscores the strategic importance of localised semiconductor production in the current […]
Read More
Morocco to Spend US$1.2bn to Develop Dakhla Atlantic Port: A Gateway to Global Trade Connection
A transformative project is underway in Dakhla, a city on Morocco’s southern coast. The Dakhla Atlantic Port, a US$1.2 billion megaproject currently under construction, is poised to become a significant trade hub for West Africa and beyond, according to CNN on 28 May 2024. A Multi-Functional Port Complex Scheduled for completion in 2028, the Dakhla […]
Read More
Giant Tech-Companies Rushing to Install AI Technology Centres & Cloud Storage Stations in Malaysia, Indonesia, Singapore & Thailand
Google announced on 22 May 2024 that it will invest US$2 billion in Malaysia to develop its first data centre and Google Cloud station in the country, marking a significant expansion into Southeast Asia. This investment aims to bolster Malaysia’s digital ambitions by leveraging artificial intelligence (AI) and advanced technologies to elevate local industries within […]
Read More
East Asian Powers Renew FTA, But Expert Asks ‘Will Xi Jinping Seal the Deal?’
Japan, South Korea, and China have revived efforts to strengthen commercial ties, seeking progress on stalled free trade agreement (FTA) negotiations during their first joint summit in over four years. The summit, held in Seoul early this week, marks a significant step in bolstering economic cooperation between the three nations. This information was published by […]
Read More