Oil and gas exploration and production company PT Medco Energi Internasional Tbk has acquired a 49 per cent stake in construction firm PT Api Metra Graha (AMG) from Jaden Holdings Limited for a consideration of $101.61 million....
Read MoreIndonesia-based telecommunication infrastructure provider Tower Bersama Infrastructure plans to raise $250 million through syndicated loans from a number of domestic and international lenders; these loans will be secured in the...
Read MoreAccording to Brunei’s Department of Economic Planning and Development (JPKE), the country’s economic growth is projected to increase at a modest rate of 1.6 per cent in 2012 (compared to 2.2 per cent in 2011) due to the expected...
Read MoreThe Brunei National Petroleum Company and the Vietnam Oil and Gas Group (PVN) have signed an MoU to engage in joint exploration and development of oil and gas fields in Brunei and Vietnam. PVN has also signed a contract worth...
Read MoreOman Brunei Investment Company (OBIC) has acquired a majority stake in Renna Mobile – an Oman-based mobile virtual network operator (MVNO). The investment has been earmarked to fund Renna Mobile’s plans to expand its operations...
Read MoreConstruction work on a new National Highway 19 section that connects the Quy Nhon seaport and National Highway 1A has begun. The project is estimated to cost 5.73 trillion dong and is scheduled to be completed by 2020. Traffic...
Read MoreThe 2,400 MW Son La hydropower plant in the Muong La district has been fully commissioned three years ahead of schedule. The power plant with a total of six generators has a production capacity of 10 billion kWh of electricity...
Read MoreEVN is planning to raise 9,000 billion dong through the issuance of bonds over the next two–three years. According to the Electricity Regulatory Authority of Vienam, EVN had lost 56 dong per 1 kWh of electricity sold in 2011....
Read MoreVietnam and the US have signed an agreement on the amendments to the Vietnam–US bilateral air transport agreement. Once implemented, the amended agreement will create a legal basis to offer opportunities for strengthening civil...
Read MoreThe German state-owned bank Kreditanstalt fur Wiederaufbau (KfW) has agreed to provide 1.5 trillion dong to upgrade and build electricity grids in the Nghe An, Bac Giang, Vinh Phuc, and Phu Tho provinces of Vietnam. The Northern...
Read MoreThe Bank for Industry and Trade of Vietnam has provided a 3.3 trillion dong loan to EVN for the 500 kV Pleiku–My Phuoc–Cau Bong project. The 9.28 trillion dong project, which covers the provinces of Gia Lai, Dak Lak, Dak Nong,...
Read MoreEVN plans to link its Thai Binh 2 TPP that is being built by the state-run Vietnam Oil and Gas Group (PetroVietnam) to the national grid in 2015. According to the agreement, the National Power Transmission Corporation, a...
Read MoreConstruction work at the Duyen Hai 3 thermal power plant (TPP) in the Mekong Delta province of Tra Vinh has begun. As part of the project, the three powerhouses will have a combined annual production capacity of 7.8 billion kWh....
Read MoreUS-based automation solutions provider Open System International (OSI) has signed a deal with the National Load Dispatch Centre (NLDC) or A0 – a unit of the state-owned Electricity of Vietnam (EVN) Group – for supply of energy...
Read MoreMeanwhile, the Chinese government has shown interest in constructing Thailand’s high speed rail project. The Chinese government has proposed to develop the high speed rail system with two different speeds – 300 km per hour and...
Read MoreThe Thail government has directed the Ministry of Transport to speed up the construction of 10 planned mass transit projects covering 464 km. The transport ministry plans to spend 77.8 billion baht on mass transit projects in...
Read MoreThailand’s telecom operator Digital Total Access Communication (DTAC) has completed the technical tests of the long term evolution-based technology to provide 4G services near Siam Square and Chamchuri Square in Bangkok. The...
Read MoreThai AirAsia is planning to add seven more Airbus 320 aircraft to its fleet; they will be delivered in three–four years. Currently, Thai AirAsia’s fleet size stands at 34, with the majority routed to various destinations in...
Read MorePTT, Thailand’s largest oil and gas conglomerate by sales volume, has signed an agreement to buy 2 million tonnes (mt) of LNG per year from Qatar Liquefied Gas Company over the next 20 years. The first delivery will take place...
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Malaysia’s quest to be Asia’s gas trading hub
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