Infrastructure
Trading estates prepared to ward off impending floods
The industrial sector is bracing for floods over the next several weeks and is relying on major reservoirs and flood prevention measures to safeguard industrial parks. The Meteorological Department has warned that a low-pressure system will hit several regions of Thailand. “This weather pattern is ...
Hanthawaddy airport agreement in final stage
A final concession agreement will be signed by the end of this year with the Japanese-Singapore consortium which won a tender to construct the Hanthawaddy International Airport north of Yangon, according to a government minister. U Thant Sin Maung, Myanmar’s Minister for Transport and Communications, told lawmakers ...
Flooding remains severe in HCMC despite huge investment
HCMC is struggling with worsening flood issues despite huge spending on anti-flood projects over the years, said a recent conclusion signed by chairman Nguyen Thanh Phong on illegal land reclamation on the city’s drainage systems. A lot of streets in the city are submerged after heavy ...
‘Thailand 4.0’ should get GDP growth up to potential, World Bank says
The World Bank believes Thailand should be able to achieve long-term annual economic growth of 4-5 per cent if the government can successfully push through its “Thailand 4.0” model. The new economic model would help draw private investment, the Bank’s economist for Thailand, Kiatipong Ariyapruchya, ...
ADB offers Cambodia new $1B loan package
The Asian Development Bank has committed more than $1 billion in new loans to Cambodia over the next three years to help the country invest in infrastructure, education and other priorities, government officials announced on October 5. Finance Minister Aun Porn Moniroth announced the $1.09 ...
Japan to help transform Laos
Japan and Laos have agreed on a joint plan to spur development in the landlocked Southeast Asian country during a meeting between their leaders. At their meeting held on the sidelines of the ASEAN summits here this week, Japanese Prime Minister Shinzo Abe and his Lao ...
Widespread flooding and traffic nightmares in Bangkok
The heaviest rainfall was recorded in Bang Sue district with record high 100 mm, turning 12 locations into small klongs of between 5-30 cm in depth such as areas in front of Pongpetch market, in front of th Constitutional Court and TOT Chaengwattana, Bang Khen ...
Gov’t: overturn online business limits
The Ministry of Justice on October 3 proposed eliminating a ban on business services offered online or via communication networks without getting prior permission. Reporting to the National Assembly Standing Committee, which kicked off its fourth meeting session in the morning of October 3, Justice Minister ...
’Quảng Nam should model sustainable development’
The central province of Quảng Nam should become a rapid, sustainable and comprehensive development model, Prime Minister Nguyễn Xuân Phúc told the province’s leaders in a meeting on September 28 in Hà Nội. The PM asked the province to work with neighbouring Đà Nẵng City and Quảng ...
ADB puts Thailand’s GDP growth forecast at 3.2%
The Asian Development Bank has slightly revised up its forecast for Thailand’s 2016 economic growth from 3 per cent to 3.2 per cent, praising the country’s investment in infrastructure. “Government infrastructure investment is a key contributor to growth in Indonesia, the Philippines, Singapore and Thailand,” ...
