Infrastructure
Transport and shipping
Thailand Future Fund IPO delayed by cost concerns
The planned initial public offering of the Thailand Future Fund will be pushed back for another three months to September as concerns over the cost of launching the fund continue. Expressway Authority of Thailand, the owner of two expressways to be pooled as underlying assets ...
Port to open bidding for B1.3bn container station
The Port Authority of Thailand plans to open bids for a container freight station project worth 1.3 billion baht at Bangkok port, known as Klong Toey port, this year. PAT director-general Sutthinan Hatthawong said bidding will be held to seek a contractor to build the ...
Japan provides $200m loan to Cambodia for new port
The Japanese government has approved a US$200 million loan to Cambodia to build a second deep-sea port in the southwestern coastal city of Sihanoukville, a Cambodian minister said on Saturday. The offer was confirmed when Japanese Land, Infrastructure, Transport and Tourism Minister Keiichi Ishii met ...
Govt borrows more money to address deficit
The government needs 2,420 billion kip to respond to budget expenditure that occurred in the first quarter of this year (January to March), a government leader has said. Of this figure, 957.7 billion kip is owed from the budget deficit in Q1 and the rest ...
Port unveils $200m expansion
Sihanoukville Autonomous Port is to build a $200 million container terminal as part of an expansion project due to be completed by 2022. The expansion is intended to address a surge in the volume of containers passing through the country’s only deep-sea port. The existing container ...
Chinese buses to hit the roads
Phnom Penh is to get five new bus routes when China donates 100 buses within two months, according to City Hall. Phnom Penh Governor Pa Socheatvong said the new routes would help reduce traffic congestion in the capital and should be operational in June or ...
WEF on Asean to kick off
High profile CEOs, prominent businessmen, ministers and leaders of ASEAN, India and Timor-Leste will gather in Phnom Penh next week for the launch of the three-day World Economic Forum on ASEAN, which kicks off on May 10. “There will be many high profile businessmen and companies ...
Grab expands services in partnership with Bangkok’s motorbike taxi riders
Ride-hailing service Grab on May 2 began a two-wheeled service in partnership with Bangkok’s army of motorbike taxi riders – known collectively as Win. For the GrabBike (Win) service, passengers can use the Grab mobile app to book a ride and request pickup for any ...
Infrastructure attracts investment to north Việt Nam
The newly established five modal (rail/road/air/river/sea) infrastructure network has brought a great deal of investment to the Red River Delta, especially Hải Phòng, delegates told a seminar held in HCM City on Wednesday. Hans Kerstens, international business development manager at Deep C Industrial Zones, said ...
Vietnamese PM’s visit spurs further cooperation
The first official visit to Laos by Vietnam’s Prime Minister Nguyen Xuan Phuc has proved fruitful as the two governments have inked deals worth millions of dollars. The two-day official visit from April 26-27 was Mr Phuc’s first as Vietnam’s Prime Minister and coincided with ...
