Key Data
GDP and Inflation
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Month: December 2013
Ho Chi Minh City metro Line 5 secures funding
The Ho Chi Minh City Management Authority for Urban Railways has secured funding for construction of the 8.9 km section of Metro Line 5 from the Saigon Bridge to the Bay Hien intersection. Construction is expected to begin in...
Read MoreVSIST and EDES Group signs MoU for 134 km Ho Chi Minh City-Can Tho City rail line project
Vietnam Southern Institute of Science and Technology and US-based EDES Group have signed an MoU to undertake the Ho Chi Minh City–Can Tho City rail project. The 134 km rail line with 10 stations will enable passenger trains to...
Read MorePOSCO bags $48.7 million expressway project
POSCO Engineering & Construction has bagged the $48.7 million Section No. 5 of the Ho Chi Minh City–Dau Giay Expressway project. The 51 km expressway is being constructed in six sections. POSCO will construct the fifth...
Read MoreConstruction work on Da Nang-Quang Ngai expressway project begins
Construction work on the 140 km Da Nang–Quang Ngai Expressway project has begun. The project is estimated to cost $1.472 billion, of which $673 million will be funded by the Japan International Cooperation Agency, $631 million...
Read MoreVietnamese NPT awards $48 million contracts under ADB-funded project
The National Power Transmission Corporation (NPT), a transmission subsidiary of EVN, has awarded three contracts worth $47.84 million for the supply of high voltage equipment. A consortium of LS Vina Cable & System and Thinh...
Read MoreEVN to begin construction on Phu Quoc Island grid connection project
Southern Power Company, a subsidiary of state-owned Electricity of Vietnam (EVN), has begun the construction of the 110 kV Ha Tien–Phu Quoc Island grid connection project. The 55.8 km interconnection project is being implemented...
Read MoreVietnam government signs MoU with Tata Power for Long Phu 2 power project
India-based Tata Power has signed an MoU with the Vietnamese government to develop the 1,320 MW Long Phu 2 TPP in Soc Trang province. The plant that will have two units of 660 MW each is estimated to cost $1.8 billion. The...
Read MoreThailand’s onshore distribution of gas to be liberalised in 2014
Officials from the Energy Regulatory Commission (ERC) of Thailand have announced that the onshore distribution of natural gas in Thailand will be liberalised by mid-2014. A new regulation that is being finalised will allow the...
Read MoreTelenor to invest $1.07 billion in DTAC over the next three years
Norway-based Telenor plans to invest $1.07 billion over the next three years in its Thailand-based mobile subsidiary, DTAC. The amount has been earmarked for the expansion of its “TriNet” branded 850 MHz, 1800 MHz, and 2100 MHz...
Read MoreAOT reports 151 per cent increase in net profit during first nine months of 2013
Airports of Thailand’s (AOT) net profit increased by 151 per cent to 16.35 billion baht during January–September 2013. Passenger traffic increased by 20.3 per cent at AOT’s six airports during the first nine months of 2013...
Read MoreMPIC to acquire 29.45 per cent stake in Don Muang Tollway Public Company Limited
Philippines-based Metro Pacific Investments Corporation (MPIC) has formed a JV with FPM Infrastructure Holdings Limited to acquire a 29.45 per cent stake in Thailand’s Don Muang Tollway Public Company Limited for PhP 5.8...
Read MoreThailand government can now raise $69.5 billion for transport projects
The Thailand government has approved a bill that will allow it to borrow $69.5 billion to undertake high speed rail line and other transport projects till 2020. The projects include four high speed rail lines connecting Bangkok...
Read MoreThai EGAT to invest 400 billion baht in power by 2018
Thailand’s vertically integrated power utility EGAT plans to invest 400 billion baht in the construction of power plants and transmission lines during 2014–18. The company also plans to raise a minimum of 10 billion baht by...
Read MoreIDA reports 1.57 million LTE subscribers in Singapore
According to data published by Singapore’s telecom industry regulator, the Info-communications Development Authority, the number of long term evolution (LTE) subscribers in the country has reached 1.57 million as of September...
Read MoreChangi Airport reports passenger traffic of 4.41 million in October 2013
Changi Airport witnessed passenger traffic of 4.41 million during October 2013, a 3.2 per cent increase over the corresponding month in 2012. Cargo volume rose by 1.8 per cent year on year to reach 157,400 tonnes in October...
Read MoreChangi Airport Group to acquire Galeao airport in Rio de Janeiro
A JV of the Changi Airport Group and Odebrecht SA will acquire Rio de Janeiro’s Galeao airport for $8.3 billion. The minimum required bid for the airport was $2.06 billion. The JV will own the airport for 25 years. The contract...
Read MoreLeighton-John Holland JV to provide engineering services on Singapore’s Thomson rail
The Singapore Land Transport Authority has awarded an AUD 329 million contract to a JV of Leighton Asia, India and Offshore and Australia-based John Holland to provide civil engineering services for the 30 km underground...
Read MoreGAIL (India) Limited to commence international LNG trading through GGSPL
India’s state-run gas utility GAIL (India) Limited has allocated 1 mt of the LNG it received from the US to GAIL Global Singapore Private Limited (GGSPL) for LNG trading in the global market. The latter is GAIL’s global trading...
Read MoreSingapore’s energy regulator may select up to two new LNG suppliers
Singapore is expected to select up to two new suppliers to import LNG, as the city-state has expanded the capacity of its LNG storage and import terminal. In May 2013, state-run Singapore LNG Corporation commenced operations of...
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