May 16, 2013 | Philippines
The Trans-Asia Oil and Energy Development Corporation is planning to spin off its oil and gas exploration business and establish a separate subsidiary for it. Trans-Asia eventually plans to issue the subsidiary’s shares as a...
Read MoreMay 16, 2013 | Philippines
South Luzon Thermal Energy (SLTE) has signed a 13-year power purchase agreement (PPA) with Trans-Asia to sell the power generated at its 135 MW power plant in Calaca, Batangas. This will be SLTE’s second power plant;...
Read MoreMay 16, 2013 | Myanmar
The Myanmar government has announced 12 pre-qualified applicants for the allocation of two national telecom licences. The 12 prequalified companies are as follows: Airtel consortuim; Axiata Group Berhad; Digicel; the France...
Read MoreMay 16, 2013 | Myanmar
On April 10, 2013, the Myanmar government launched the auction of 30 offshore oil and gas exploration blocks to international bidders. Interested companies are required to submit expressions of interest (EoIs) by June 14, 2013....
Read MoreMay 16, 2013 | Malaysia
NTT Communications Corporation (NTT Com) started the construction of the new Cyberjaya 4 Data Centre (CBJ4) in April 2013. It is targeting to commence commercial operations from May 2014. Malaysia CBJ4 will be the fourth data...
Read MoreMay 16, 2013 | Malaysia
Petronas’s RM 9.16 billion takeover of the shipping unit MISC Berhad failed after almost 14 per cent of MISC’s voting shareholders rejected Petronas’s offer. Consequently, Petronas had 86.07 per cent of voting shares, 3.93 per...
Read MoreMay 16, 2013 | Malaysia
Malaysia’s Transport Minister, Seri Kong Cho Ha, has asked the Penang state government to review the project for building an undersea tunnel at Penang port to ensure that the facility’s depth does not impede the port’s...
Read MoreMay 16, 2013 | Malaysia
China-based railway car manufacturer China South Locomotive and Rolling Stock Corporation (CSR) has commenced construction of its RM 400 million ASEAN manufacturing and maintenance centre in Malaysia. The ASEAN rail centre would...
Read MoreMay 16, 2013 | Malaysia
The Malaysian government is likely to build a third light rail transit (LRT) line spanning 20–30 km from Kelana Jaya to Port Klang. The estimated cost of the project will fall within the RM 5 billion–6 billion range. The line...
Read MoreMay 16, 2013 | Malaysia
BBR Construction Systems (M) Sendirian Berhad, a subsidiary of BBR Holdings, has secured contracts worth RM 286 million for the construction of two bridges in Malaysia. The first contract, for the 11.9 metre long Pulau Sekati...
Read MoreMay 16, 2013 | Malaysia
The Energy Commission of Malaysia has shortlisted five consortiums led by 1Malaysia Development Berhad, Formis Resources Berhad, Tenaga Nasional Berhad, Malakoff Corp Berhad, and YTL Power International Berhad to build a 2,000...
Read MoreMay 16, 2013 | Malaysia
Petroliam Nasional Berhad (Petronas) has completed the drilling of the Cendor Graben-2 appraisal well at Block PM304, offshore peninsula Malaysia. The well was drilled to a depth of over 1,000 metres and confirmed the presence...
Read MoreMay 16, 2013 | Malaysia
Shell Malaysia, a part of Royal Dutch Shell, has completed the expansion of its liquid bulk Westport Terminal, located at Malaysia’s Port Klang. The project involved the addition of three new storage tanks and 1.4 km of...
Read MoreMay 16, 2013 | Malaysia
The shareholders of SapuraKencana Petroleum Berhad have approved the proposed integration of the company’s tender rig business with that of Seadrill. SapuraKencana will take over Seadrill’s 18 tender rigs for RM 8.6 billion....
Read MoreMay 16, 2013 | Lao People's Democratic Republic (PDR)
A $5 million loan for the Laos–Thailand border high speed railway project has been approved. New Zealand-based financial institution Rich Banco Berhad approved the loan in the first week of April 2013. Construction work will be...
Read MoreMay 16, 2013 | Lao People's Democratic Republic (PDR)
The Lao government is planning to expand Wattay airport’s terminal and develop a new domestic terminal due to growing traffic. Expansion work will increase the airport’s handling capacity to 3 million passengers per year from...
Read MoreMay 16, 2013 | Lao People's Democratic Republic (PDR)
Half of the construction work on Road No. 15A linking Saravan city to Road No. 13 South at Napong village in Kong district has been completed. The construction work began in October 2011 and is likely to be finished in April...
Read MoreMay 16, 2013 | Indonesia
Pertamina plans to raise $5 billion through sale of dollar denominated bonds during 2013. The company will utilise the sale proceeds to fund its capital requirements. In the past, the company has raised $1.5 billion (2011) and...
Read MoreMay 16, 2013 | Indonesia
The Indonesian government is considering a merger between two state-owned telecommunication companies – PT Industri Telekomunikasi Indonesia (INTI) and PT LEN Industri. The proposed merger is expected to enhance the companies’...
Read MoreMay 16, 2013 | Indonesia
Although the Manila Water Company has started to expand its operations overseas to Vietnam and Indonesia, it continues to place its priority on opportunities in the Philippines. Currently, it is eyeing water supply and...
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