News

City Infrastructure JSC sells $40m bond

HCM City Infrastructure Investment JSC on November 24 signed a contract to sell US$40 million worth of convertible bonds to KEB Hana Banktrustee and Custodian Business, the first tranche in its plan of issuing $60 million bonds to raise funds for its projects, the HCM Stock ...

Sepo urges SRT land development

The State Enterprise Policy Office says land development of 39,000 rai held by the debt-ridden State Railway of Thailand could offer a quick solution. Director-general Ekniti Nitithanprapas said SRT, one of the biggest landlords in the country, has holdings that are ideal for commercial development. Some ...

ASEAN Ministers boost Belt and Road

Southeast Asia is ready to open more commercial doors to the Chinese government’s Belt and Road program, following a meeting of transport ministers from China and the 10 members of the Association of Southeast Asian Nations. Belt and Road, a trade and infrastructure construction initiative ...

SRT plans high-speed rail talks with Malaysia

Thailand is preparing to sit for talks with Malaysia to discuss an ambitious initiative to build a new high-speed train system linking Bangkok and Kuala Lumpur. The planned meeting follows interest expressed earlier by the Malaysian transport minister, which drew an enthusiastic response from Thai ...

Japanese aid package funding three JICA projects

Three projects funded by part of a recently announced US$7.7 billion Japanese aid package are under way, according to the Japanese International Cooperation Institute. Japanese Prime Minister Shinzo Abe announced earlier this month that his country would provide 800 billion yen in aid, loans and ...

Surveys underway on Vientiane-Hanoi highway route

Surveys are underway to identify possible routes for the Vientiane-Hanoi highway, which could pass through up to three Lao provinces to link the two capitals but the route has yet to be determined. Laos and Vietnam have being conducting preliminary surveys of three possible routes ...

Phu Yen calls for emergency aid after floods

The flooded central province of Phu Yen Province has called for Government emergency aid of 1,000 tonnes of rice and over one tonne of medicine and medical supplies. The province sustained the most damage in the south-central region from recent rains and flooding, with an estimated ...

HCMC's Metro Line 1 may extend to Dong Nai and Binh Duong

Japan’s Ministry of Economy, Trade and Industry has recently agreed to support Ho Chi Minh City in conducting research on lengthening Metro Line No. 1 from the city to neighboring Binh Duong and Dong Nai provinces. “METI has only approved assisting the research stage of the ...

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