It’s unprecedented: the largest industrial estate and deep sea port complex conceived in Southeast Asia. It’s controversial: trampling pristine shorelines; felling valuable forests and orchards; paving highways through remote mountain passes and uprooting ethnic minorities all along the way.
Tag: investment
Asia’s ‘infrastructure gap’ threatens to hamper growth
Looking out at bumper-to-bumper Monday morning traffic crawling along the Philippine capital’s main avenue, taxi driver Ranilo Banez shook his head in frustration.
Vietnam sets up Steering Committee for industrialisation strategy
The Prime Minister has decided to establish a Steering Committee for Vietnam’s industrialisation strategy as part of a cooperation agreement with Japan by 2020, with a vision to 2030.
Route development plan for Cai Mep-Thi Vai proposed
HCMC – The Vietnam Maritime Administration has proposed a plan to develop navigational passages linking the Cai Mep-Thi Vai port complex in Ba Ria-Vung Tau Province at a cost of nearly VND6.38 trillion (over US$284 million).
Dawei LNG for Shell
The firm has signed a Joint Development Agreement with Thai companies Italian-Thai Development and LNG Plus International in Bangkok on August 19 to cooperate on developing the terminal. It will consist primarily of an LNG receiving and re-gasification terminal at Dawei special economic zone.
KOICA signs for Dala and Bago master plans
Clare Hammond Korea International Cooperation Agency (KOICA) has signed with the Ministry of Construction for several ambitious projects – including master plans for the north and south of Yangon and designing a national road network. The South Korean government’s grant aid arm recently signed with the minister to prepare two regional development plans, said chief […]
Da Nang looks for more Japanese investment
VNS Viet Nam has become the second biggest destination for Japanese investors in ASEAN – after Thailand – with 1,463 members in the Federation of Japanese Chambers of Commerce and Industry in ASEAN (FJCCIA). A Tokai Viet Nam worker tests products at factory in Da Nang’s Hoa Khanh Industrial Zone. The company invested US$10 million […]
Myanmar seeks over $100m for Asean connectivity project
Myanmar’s Construction Ministry is seeking the parliamentary approval for a US$120 million loan to upgrade the Kawkareik-Mawlamyine-Thaton Road, a part of the Greater Mekong East-West Economic Corridor. It plans to borrow US$100 million from the Asian Development Bank (ADB) and $20 million from the bank’s Asean Infrastructure Fund.
Investigation to be Launched into the Misrepresentation of Signatures in Support of Coal-Fired Electric Plant
Independent Mon News Agency Misleading facts have been released regarding signatures in favor of the Toyo-Thai Company’s proposed coal-fired power plant in Ain Din Village; misrepresentations which will be investigated and revealed to the public, according to the Ye Social Society Group (YSS). “We will disclose those lies and misleading facts. We will go to […]
Salween Riverbank Collapse Worries Island Residents
A section of the river bank along the Salween River near Mottama in Mon State has collapsed due to recent sand extraction activities, resulting in increased damage to farming and paddy fields near Hinthar Island, according to island residents.