Browsing: Industry News

Chinese builders scramble for construction projects in Philippines under S$244b infrastructure drive

China’s Commerce Ministry will screen contractors and assign three alternative candidates to each project, he said, adding that interest spiked after Mr Duterte’s visit to Beijing last year. Mr Diokno said Chinese firms had already pledged


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IE Singapore to facilitate $50m partnership for Vietnam water treatment projects

IE Singapore to facilitate $50m partnership for Vietnam water treatment projects IE Singapore will facilitate a partnership between Darco Water Technologies Limited (Darco) and InfraCo Asia Development Pte. Ltd. (InfraCo Asia) to work on four water


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China launches world’s fastest train service between Beijing & Shanghai

The new bullet train operating between Shanghai and Beijing has broken the speed record for a passenger service by traveling at 350 kilometers per hour (kph). The Beijing-Shanghai high-speed railway once again became the world’s fastest


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Beijing bans construction during winter in order to reduce pollution

Construction will be suspended in Beijing during its winter heating season in an effort to improve the city’s air quality, the municipal commission of housing and urban-rural development said. According to the commission, any construction work


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Mega Manila Subway once operational will operate first 5 Station

The Japanese government has committed to provide 4 billion US dollar for the construction of the Mega Manila Subway System wherein President Rodrigo Duterte and Japanese Prime Minister Shinzo Abe are set to sign in this coming


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Philippines approves $7.6 billion for subway, other infrastructure projects

MANILA (Reuters)- An interagency panel chaired by Philippines President Rodrigo Duterte has approved four major infrastructure projects worth 386.3 billion pesos ($7.59 billion), including bridges, roads and the country’s first subway. The Philippines, one of the


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World Bank assigns $8bn for Silk Road projects

World Bank assigns $8bn for Silk Road projects Billions of dollars have been allocated by the World Bank for infrastructure projects in the Chinese Silk Road Economic Belt, according to the bank’s president Jim Yong Kim


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Modi, Abe to kick-start India’s first bullet train project

Indian Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe will break ground on India’s first bullet train project on Thursday in western Gujarat state, as the country seeks faster travel for millions. Modi has


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Thailand finally pens deal with Chinese for construction of high-speed railway to China

BANGKOK (Reuters) – Thailand has signed two contracts, worth 5.2 billion baht ($157 million), with Chinese state enterprises for a high-speed rail project with China, Anon Luengboriboon, acting governor of the State Railway of Thailand, told


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Construction companies get thumbs up on Modi’s spending plan

SINGAPORE: Prime Minister Narendra Modi’s (pic) plan to spend a record US$60bil on infrastructure this fiscal year has started trickling into company earnings, giving analysts a reason to turn optimistic about Indian construction stocks. Larsen &


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