Business and Market
Thai Political Situation Impacting Real Estate Sector
Real estate experts have expressed concern over the impact on the sector due to political uncertainty stemming from the May general elections which saw the installation of a new Prime Minister Srettha Thavisin, despite the Move Forward party winning the most votes. The real estate sector contributes around 10% of Thailand’s GDP, so any negative […]
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Bentley Systems Announces the 2023 Going Digital Awards in Infrastructure Founders’ Honors
SINGAPORE – Oct. 12, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the 2023 Going Digital Awards in Infrastructure Founders’ Honors. During the 2023 Year in Infrastructure and Going Digital Awards event held today, 15 projects were recognized for Founders’ Honors. With input from senior company executives, Greg Bentley […]
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Vietnam & Cambodia Collaborate to Boost Trade Efficiency and Reduce Shipping Costs
Vietnam’s Saigon Newport and Cambodia’s Phnom Penh Autonomous Port (PPAP) have joined forces to foster sustainable business development and further invigorate economic and trade growth, cementing the rapport between these two nations. During the official signing ceremony on 28 October 2023, Ms. Her Panin, Deputy Director General overseeing the Phnom Penh Autonomous Port Operations, emphasized […]
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Bentley Systems Recognizes the Year in Infrastructure 2023 as Groundbreaking for Infrastructure Intelligence
Bentley Infrastructure Cloud Compounds Value of Engineering Data; iTwin Capabilities Added to Bentley Open Applications SINGAPORE – Oct. 12, 2023 – At its annual Year in Infrastructure conference, Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, described 2023 as a “groundbreaking year” for infrastructure intelligence. Citing users’ projects, CEO Greg Bentley highlighted how […]
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VN’s VinFast Market Expansion: $400 Million Investment in EV Factories in India and Indonesia
Vietnamese electric vehicle (EV) manufacturer VinFast is gearing up for a substantial expansion, with plans to establish manufacturing facilities in India and Indonesia. These ambitious moves are backed by a projected $1.2 billion capital infusion from its founder and other investors. VinFast, a Nasdaq-listed company, envisions entering 50 markets worldwide by the close of 2024, […]
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Price Wars Drive Mitsubishi Motors Out of China to Move to Southeast Asia
In a strategic move, Mitsubishi Motors has taken the decision to cease automobile production in China. This significant shift in strategy comes as Mitsubishi grapples with sluggish sales in China, primarily attributed to the increasing popularity of electric vehicles (EVs) and the emergence of local automotive brands. As the curtains close on their Chinese operations, […]
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Positive Signs Emerge: Serviced Apartment & Landed Property Sectors Rebound Slightly in Q3 2023
In a real estate market that has largely remained stagnant, there are promising signs of recovery in the service apartment and landed property sectors. The latest data, released by CBRE Research on 5 October 2023, indicates a subtle shift in market demand. According to the report, the average quoted rent for Grade A serviced apartments […]
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Bentley Systems Announces Executive Appointments
Changes Reinforce BSY’s Organizational Sustainability and Contributions to Global Infrastructure Sustainability SINGAPORE – Oct. 11, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced executive appointments. Kristin Fallon joins Bentley as Chief Marketing Officer, based in Annapolis, Maryland. Most recently, Fallon was Global Head of Brand and Digital Marketing at […]
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ThaiBev to Establish a US$108 Million Beverage Powerhouse in Cambodia
Thai Beverage (ThaiBev), a prominent ASEAN food and beverage conglomerate listed in Singapore, is poised to make a significant mark in Cambodia with a staggering investment of 4 billion baht (equivalent to US$108 million). Their grand plan includes the construction of a state-of-the-art beverage and beer factory, as reported by the Bangkok Post on 4 […]
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Cambodia’s Construction Material Imports Reach US$921 Million in H1
In the first half of this year, Cambodia imported construction materials worth an impressive US$921 million, signalling a robust market for development, according to a dynamic report from the Ministry of Economy and Finance revealing that 1,849 construction permits have been approved. While this figure reflects a 6.3% decrease from the same period in the […]
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