News

Customs impounds 100 NGV buses amid duty doubts

The Customs Department has impounded 100 natural gas vehicle air-conditioned buses which were supposed to hit Bangkok streets late this month amid doubts over whether the import order is legitimate or was falsely declared to avoid more than 100 million baht in tax. The first ...

China eyes high speed railway as part of One Belt, One Road strategy

A super fast railway will connect Myanmar’s cities, cutting the journey time from Muse, Shan State, to Yangon to one hour. That was the claim made by China’s consul general in a recent meeting in Mandalay. Wang Zongying was discussing China’s One Belt One Road project, ...

Laos, Vietnam give full support to fuel supply pipeline

Motorists in Laos could enjoy lower prices at the pump now that the Lao and Vietnamese governments have expressed their full support for the construction of a pipeline that would deliver fuel from Vietnam to Laos. The survey, design and feasibility study of the proposed ...

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 ...

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 ...

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