Infrastructure
Transport and shipping
Vietnam may have new agency to manage state enterprises
The Vietnamese government is considering setting up a new agency to manage state-owned enterprises more effectively, but some economists have questioned the necessity of such a plan. Economist Ngo Tri Long urged the government to consider the plan thoroughly, arguing that a new agency means more resources ...
Hongsa-Chiangman road to be a boon for Nan
Opportunities in the tourism business in Nan, in the eastern part of the Northern region, will be highlighted once the 114-kilometre Hongsa-Chiangman Road is completed in 2018, making it a short cut to Luang Prabang in Laos. “There will be an opportunity to do business in ...
King Power secures 39percent stake in Asia Aviation in Bt7.9-billion deal
Duty-Free Operator King Power Group has taken a 39-per-cent controlling stake in Asia Aviation, the operator of Thailand’s largest budget airline Thai AirAsia, from the carrier’s chief executive Tassapon Bijleveld and two of his family members in a deal worth more than Bt7.9 billion. If King ...
No decision yet to be made on Noi Bai Int’l Airport expansion
No plan for the Noi Bai International Airport expansion has yet been selected, Deputy Minister of Transport Nguyen Nhat said in a recent interview with Vietnam News Agency amidst public debate about the expansion, which is said to cost up to five billion USD. Proposals on ...
THAI orders 12 Airbus A350s
Thai Airways International Plc has ordered 12 new Airbus A350 XWB aircraft, eight of them on lease. The first aircraft is scheduled to arrive in August and is expected to replace an old plane on the Bangkok-Melbourne route. The Airbus A350 XWB is a mid-size long-range commercial ...
EU to start ASEAN aviation talks
The European Commission is planning to start negotiations with the Association of Southeast Asian Nations on an aviation agreement soon, having received a mandate from EU transport ministers earlier this week. The EU is hoping to create new airline routes and new business opportunities for European ...
Try Pheap inks $300M seaport deal with Hong Kong company
Timber magnate Try Pheap signed off on a $300 million seaport project with industry heavyweight Hutchison Port Holdings on 30 May, according to Kep provincial governor Ken Sotha. “The two companies held the signing ceremony in Cambodia’s Kep province, but the international port is going to be ...
Containers pile up as trade backlog clears at Yangon ports
Weeks of delayed imports have been cleared through Yangon’s ports in the last few days after customs offices opened 24 hours a day to tackle a growing backlog of trade, but empty containers continue to stack up. As a temporary solution, the Customs Department has prioritised ...
Mayor proposes new highway through city centre
Vientiane authorities have stressed the need for a new highway that would run parallel to KaysonePhomvihane Road in a move to minimise traffic congestion in the capital. The capital’s mayor DrSinlavongKhoutphaythoune put the plan to the Vientiane People’s Council last week, saying that without a new ...
BTS Group buys 46 trains for B11bn
Bangkok Mass Transit System Plc, a subsidiary of BTS Group Holding Plc, which runs the skytrain in Bangkok, has signed a contract to buy 46 new trains worth 11 billion baht from Siemens AG and CRRC Changchun Railway Vehicles, says BTS Group chairman Keeree Kanjanapas. ...
