Browsing: Industry News

China to relaunch the world’s fastest bullet trains

BEIJING :China is relaunching the world’s fastest bullet trains, running at 350 kilometers (217 miles) per hour. The trains will service the route from Beijing to Shanghai starting next month, making the 1,250-kilometer (777-mile) journey in


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Philippines courts Japan, China to invest in $135 billion power project

The Philippines is seeking investment from China and Japan for $135 billion worth of power projects that President Rodrigo Duterte’s government is ready to fast-track. The Southeast Asian nation has held discussions with China, Japan, Russia


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Philippines Q2 GDP growth quickens on construction boom

MANILA, Aug 17 (Reuters) – The Philippine economy grew at a sizzling pace in the second quarter, topping expectations as a government-led construction boom and an extended rebound in the farm sector took some of the


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JR East to operate British rail franchise

East Japan Railway Co. has won the right to operate a British rail franchise jointly with trading house Mitsui & Co and a unit of a Dutch railway company, JR East said Thursday. It will be


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Japan consortium to build power station, port in Bangladesh

$4.5bn cost to be covered by JICA’s largest-ever yen loan TOKYO — A consortium comprising five Japanese companies, including trader Sumitomo Corp., IHI, Toshiba and Penta-Ocean Construction, will build an advanced coal-fired power plant and a port


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Sri Lanka signs $1.1 bln China port deal amid local, foreign concerns

Sri Lanka Ports Authority is expanding the South Container Terminal which has been developed under Public Private Partnership. COLOMBO: Sri Lanka signed a long delayed $1.1 billion deal on Saturday to lease its southern Hambantota port


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Lantau site to be sold

A residential site on Lantau Island in the 2017-18 Land Sale Programme will be sold by public tender, the Lands Department announced today. Lot No. 763 in Demarcation District No. 332 at Cheung Sha has a


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JR East will debut ALFA-X train to develop next-generation shinkansen model

East Japan Railway Co. said Tuesday that it will introduce a 10-car test train, dubbed ALFA-X, in spring 2019 with the aim of developing a next-generation shinkansen model. The company hopes to achieve a maximum operating


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Taiwan: Review of infrastructure bill stalled

In an unprecedented cabinet members are to be present at today’s cross-caucus negotiations to answer questions from lawmakers, a first in the legislature’s history Chinese Nationalist Party (KMT) legislators occupy the speaker’s podium in the Legislative


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China unveils first domestically-built bullet train

The first high-speed train designed and manufactured entirely in China debuted on the Beijing-Shanghai line on Monday. It boasts a top speed of 400 kilometers per hour (kph). The high-speed train is called ‘Fuxing’ which means


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