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ASIA

Why Manila cancels $5 billion railway deal with Beijing?

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ASIA: Cesar Chavez, the transportation undersecretary of the country’s transport ministry, said Beijing’s “failure to act on funding’s proposal,” and ordered a renegotiation of the entire deal, either with Beijing or other potential partners. An explanation came after the Philippines withdrew from a 276-billion-peso ($4.9 billion) infrastructure funding deal with China. The plans negotiated by …

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A $1.2 billion skyscraper business center project on Koh Pich

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PHNOM PENH: According to Property Area, the world-class shopping center will span approximately 5 hectares and locate in the former night market and playground in the satellite city, Koh Pich.​ The site is currently active with machinery and trucks transporting materials and workers. Touch Samnang, Deputy General Director of OCIC, recently stated that, as far …

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China’s 833 projects worth over $16 billion in Laos

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ASIA: According to the country’s planning and investment minister Khamjane Vongphosy, China remains the largest foreign investor in Laos, having invested approximately $16.4 billion in 833 projects so far. According to a recent article in the Vientiane Times​ and The Investvine, the economic sectors into which the investments went are diverse, ranging from small, medium, …

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Thailand approve a smart city near Bangkok worth US$37 billion

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ASIA: The Star recently reported that THE KINGDOM intends to build a US$37 billion (RM162.8 billion) smart city in an industrial hub near Bangkok, attracting billions of dollars in investment pledges from global automotive, robotics, healthcare, and logistics firms. On Monday, a panel chaired by Prime Minister Prayut Chan-o-cha approved a master plan for the …

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Laos land in high demand from Chinese investors

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ASIA: Chinese companies investing in Laos are quickly purchasing land for factories, hotels, and other development projects, as China’s influence in the impoverished, landlocked country to the south grows. Recently published by RFA, “A lot of Chinese are buying land for future investments,” said a real estate agent in Vientiane, Laos, who spoke anonymously. “Land …

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Vietnam plans to expand its smart cities to 41 in total

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ASIA: Vietnam’s economic planners have proposed building smart cities in 41 of the country’s 63 provinces and cities to “accelerate sustainable urban development.” In the recent report with local media, Investvine, says the overall goal is to accelerate digital transformation in urban governance by developing smart government solutions that include features like digitized transportation, transportation, …

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