Browsing: Industry News

South Korea to build seven-storey, low-energy deepfreeze

In pursuit of a goal to freeze more than 100,000 tonnes of meat and vegetables very fast, South Korean conglomerate Eugene Group has broken ground on the world’s first low-carbon, ultra-low temperature “cryogenic” logistics centre. The


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Raffles Medical now has two Chinese hospitals in the pipeline

Following the signing of a Memorandum of Understanding with Chongqing Liangjiang New Area Administrative Committee, Raffles Medical announced the acquisition of a piece of land with a building under construction for the development of a 700-bed


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Chinese, Korean Majors Vie to Build India’s Longest Road Bridge

China’s second-largest construction company is competing with at least six international builders, including two each from Japan and Korea, for $2.7 billion worth of contracts to build the largest road bridge in India. The 22-kilometer Mumbai


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Taiwan budgets US$28.86 billion for infrastructure

FORWARD-LOOKING:According to an estimate, the project would contribute at least NT$975.9 billion to GDP, thereby stimulating economic growth, Lin Chuan said The Cabinet has finalized plans to submit a special eight-year budget request of NT$880 billion


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Taiwan: Chiayi elevated rail plan funded

DELAYED FOR DECADES:The project was drawn up 28 years ago, but the city was unable to cover its portion of the cost. The Executive Yuan will now pay most of it An NT$27.5 billion (US$886.1 million)


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China’s CSCEC to build highest tower in Africa

Hass Towers, an iconic mixed-use development will open its doors in 2020 and will consist of  Grade A offices, a five-star Hilton hotel, plus a luxury retail and entertainment complex. The tower will stand over 300


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Philippines aims for ‘golden age of infrastructure’

Desperately needed airports and trains are part of Philippine President Rodrigo Duterte’s envisioned “golden age of infrastructure,” but graft, red tape and other perennial problems threaten the US$170 billion plan. Unprecedented influxes of money from China


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Knusford pens deal with ArthaLand and China Railway Dongfang

Knusford Bhd has inked a deal with ArthaLand Corp and China Railway Dongfang Group Sdn Bhd (CRECSB) to undertake engineering, procurement and construction (EPC) contract on ArthaLand’s Cebu Exchange Project located in Cebu, Philippines. In a


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China to reallocate 500,000 coal and steel workers in 2017

China needs to reallocate half a million steel and coal workers in 2017 due to capacity cuts in these industries, China’s labor minister said on Wednesday, as the world’s second-largest economy tries to combat excess in


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Asia infrastructure needs US$26 trillion by 2030

ADB says emerging Asia infrastructure needs US$26 trillion by 2030 HONG KONG: Asia’s infrastructure race is just getting started. Emerging economies across the region will need to invest as much as US$26 trillion on building everything


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