September 24, 2014 | Thailand
Airports of Thailand (AOT) has reported a net profit of 2,479.46 million baht during the third quarter of financial year ended June 30, 2014. This is 21.35 per cent lower than the amount reported during the corresponding period...
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The Bangkok Mass Transit Authority (BMTA) has announced that the first batch of 489 natural gas-fuelled buses will enter service in January 2015. BMTA will start accepting bid applications for the buses in September 2014....
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Thailand-based clean power developer Energy Absolute is planning to invest 46 billion baht in the country over the next three years. The company intends to develop utility-scale solar photovoltaic projects aggregating 180 MW....
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The Thai junta has approved the development of deep-sea ports at Pak Bara and another one in Songkhla province. This will also involve the construction of a road and rail link between the two ports. The total estimated cost of...
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State-owned power utility EGAT plans to raise up to 20 billion baht by listing an infrastructure fund in the first quarter of 2015. The proceeds from the initial public offering (IPO) would be used to finance construction of...
Read MoreSeptember 24, 2014 | Singapore
Singapore’s LTA has awarded a SGD 498 million contract to a JV comprising Japan-based Penta-Ocean Construction Company Limited and Bachy Soletanche Singapore Private Limited to construct the Orchard station and the associated...
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The Singapore Land Transport Authority (LTA) has announced the alignment and station locations for the 13 km long underground Eastern Region Line (ERL), which will be jointly operated with the Thomson Line as the Thomson–East...
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Passenger traffic at Changi Airport was 4.58 million during August 2014, a 1 per cent increase over the corresponding month in 2013. Cargo volume fell by 2.6 per cent year on year to reach 155,000 tonnes in August 2014. A total...
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Singapore LNG Corporation Pte Limited (SLNG) has awarded an EPC contract to South Korea-based Samsung C&T Corporation for the third phase of Singapore’s LNG terminal, which is located in Jurong Island. The LNG Terminal...
Read MoreSeptember 24, 2014 | Philippines
The Metro Cebu Water District (MCWD) is planning to spend PhP 800 million in 2014–15 for pipeline expansion. The expansion is one of the conditions imposed by the Local Water Utilities Administration (LWUA) in approving MCWD’s...
Read MoreSeptember 24, 2014 | Philippines
DOTC has earmarked PhP 206 million for the upgrade of the Kalibo International Airport (KIA), which serves as an alternative gateway to Boracay. The project entails the construction of taxiways and installation of floodlights....
Read MoreSeptember 24, 2014 | Philippines
Autre Porte Technique Global (APT Global) has continued to serve as the maintenance provider of the metro tail transit (MRT)-3, even after its contract expired recently. DOTC is yet to decide on a new maintenance provider and,...
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The Aboitiz Group’s power generation company has completed the issuance of its PhP 10 billion fixed rate retail bonds. The bonds were well received by both institutional and retail investors during the offer period and the order...
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The Department of Transportation and Communications (DOTC) has proposed a PhP 54.53 billion budget for improving transport infrastructure projects in 2015. This allocation is 15.1 per cent higher than the PhP 47 billion...
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Petron Corporation is planning to raise about PhP 10 billion from the sale of preferred shares to help fund various projects. The planned sale includes PhP 3 billion of preferred shares that would be sold depending on demand....
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A total of 157 renewable energy projects, with an accumulated potential capacity of 1,699.57 MW, in Mindanao are still awaiting approval by different government agencies. The Department of Energy has already awarded service...
Read MoreSeptember 24, 2014 | Myanmar
Qatar-based telecommunications firm Ooredoo has officially launched its mobile services in Myanmar. The company has rolled out a new network using UMTS900 technology, which offers 3G services to customers in Myanmar. The company...
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The US-based ACO Investment Group has entered into an agreement with the Ministry of Electric Power to develop two 150 MW solar energy plants. The projects, which are valued at $480 million, will be managed by the ACO Investment...
Read MoreSeptember 24, 2014 | Malaysia
Bumi Armada Capital Malaysia Sendirian Berhad, a unit of Bumi Armada, has issued a RM 1.5 billion sukuk murabahah under its sukuk programme. The sukuk murabahah is for the full aggregate nominal value for a tenor of 10 years, at...
Read MoreSeptember 24, 2014 | Malaysia
Toshiba Corporation, in consortium with IHI Corporation, Hyundai Engineering, and Hyundai Engineering & Construction, has won an EPC contract for a 2,000 MW ultra-super-critical coal-fired power generation project in Mukim...
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