MPs have been told that a US$200 million loan from the World Bank (WB) is available to fund efforts to recover from natural disasters. The Construction Ministry asked Parliament to take out a US$105 million loan to re-build roads. The ministries of planning and finance and the agriculture wanted to take out a US$70 million […]
Continue ReadingWork under bilateral cooperation likely to start by Sept; Thailand to be sole investor, may seek loans. THAILAND WILL go ahead with the Sino-Thai railway project, work on which is expected to start in September this year after both countries’ officials reached an agreement at their 10th meeting in Beijing on Wednesday and Thursday. The […]
Continue ReadingVietnam’s power needs could be fully met by renewable energy by 2050, according to a new report by World Wide Fund for Nature (WWF) – Vietnam and Vietnam Sustainable Energy Alliance. The “Sustainable Scenario for the Vietnamese power sector until 2050” report offers an overview of the country’s power sector within the global energy framework […]
Continue ReadingAsia’s recently democratized nation, Myanmar (formerly Burma), is expanding its aviation capability with a new airline and the construction of an international airport. The new carrier, to be named Asian Blue Aviation, is joint venture (JV) between Japan’s full-service carrier All Nippon Airways (ANA) and Myanmar-based banking, infrastructure and telecoms company Golden Sky World, a […]
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The Anti-Money Laundering Office (Amlo) plans to seize 29 billion baht in assets from the corruption-plagued Khlong Dan wastewater treatment project in Samut Prakan province. Acting Amlo secretary-general Seehanat Prayoonrat said on Wednesday officials initially resolved to freeze 5.89 billion baht owed to the contractor, NVPSKG joint venture, before it is handed over. The sum […]
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As director of architecture and landscape at Atkins Asia Pacific, the team behind the design of Vietnam’s future tallest structure Vincom Landmark 81, Bertil De Kleynen believes that the time has come for the emerging Southeast Asian nation to make a strong statement in terms of contemporary building design. “Unlike many of its neighbours, Vietnam […]
Continue ReadingThe Export-Import Bank of Thailand (EXIM) Bank has established an agreement to provide an additional long-term loan for the construction of a tap water manufacturing facility in Luang Prabang, Laos, to facilitate water consumption in the Laos capital. The EXIM Bank Acting President Kematat Saicheur on 11 May witnessed a signing ceremony for a loan […]
Continue ReadingAccording to Ko Ko Htwe, the chairman of Taw Win Construction, most foreigners living in Myanmar cannot afford condominiums, despite the recent law enabling expats to purchase condo properties. Instead, most expatriates choose to stay in normal apartments and, according to Ko Ko Htwe, the market for condo sales is still cold. The Condominium Law, […]
Continue ReadingThailand will shutter its largest gold mine by the end of the year after the government said concern the project was damaging the environment and sickening workers outweighed its economic benefit. Kingsgate Consolidated Ltd., the Australian producer which operates the Chatree mine through its Akara Resources Pcl unit, halted its shares Wednesday in Sydney and […]
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Construction of a domestic airport for Sa Pa, a popular tourist town in northwestern Vietnam, could begin this year. The Lao Cai province, home of the tourist destination, has mooted the plan with backing from several ministries, the Thanh Nien news reported. The proposed project could begin in the third quarter of this year if […]
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