February 27, 2015 | Philippines
Four bidders have submitted pre-qualification documents for the operations and maintenance (O&M) contract of LRT-2, which traverses the cities of Manila, San Juan, Quezon City, Marikina and Pasig. These are the JV of MPIC...
Read MoreFebruary 27, 2015 | Philippines
DOTC has awarded a PhP 2.27 billion contract to build the 3.9 km elevated section of the 4.2 km eastern extension of LRT-2 to Philippines-based D.M. Consunji, Inc. The extension will link the existing terminus at Santolan in...
Read MoreFebruary 27, 2015 | Philippines
DOTC is set to rebid the consultancy contract worth PhP 834.5 million for the light rail tansit (LRT)-2 Cavite extension project, following the failure during the pre-qualifying stage in December 2014. The consultant will review...
Read MoreFebruary 27, 2015 | Philippines
The Department of Transportation and Communications (DOTC) has awarded the contract for the supply of 608 pieces of 12 metre rails for the Mass Rapid Transit-3 project to a consortium of Jorgman Planning and Development...
Read MoreFebruary 27, 2015 | Philippines
Metro Pacific Investments Corporation (MPIC) has won a contract to operate the longest toll road in the country with a concession period of 33 years. The government failed to receive bids and the company had offered an upfront...
Read MoreFebruary 27, 2015 | Philippines
The Asian Development Bank (ADB) has agreed to lend $75 million to GMR-Megawide Cebu Airport Corporation, a JV of GMR Infrastructure Limited and Megawide Construction Corporation, for the construction and development of the...
Read MoreFebruary 27, 2015 | Philippines
The NGCP has planned to commission the 230 kV transmission line between the San Esteban substation in Ilocos Sur and the Laoag City substation by the end of 2015. Currently, the two substations are connected by a 115 kV power...
Read MoreFebruary 27, 2015 | Philippines
The National Grid Corporation of Philippines (NGCP) has secured regulatory approval from the ERC to proceed with a PhP 1.78 billion transmission project to connect to a new power plant in Panay. Further, the project entails the...
Read MoreFebruary 27, 2015 | Philippines
The local government unit has approved the 460 MW San Buenaventura coal-fired power project, to be jointly implemented by Meralco and Thailand-based Electricity Generating Company. The JV is now expected to raise PhP 40 billion...
Read MoreFebruary 27, 2015 | Philippines
The Energy Regulatory Commission (ERC) has approved the extension of the interim power supply agreement between Meralco and 1590 Energy Corporation up to July 2015. Meralco will source power from the 140 MW Bauang diesel power...
Read MoreFebruary 27, 2015 | Philippines
Philippines-based Manila Electric Company (Meralco) has completed the rehabilitation of the 17 km, 115 kV Botocan-Caliraya transmission line in Laguna. The power line was damaged in July 2014. As part of the rehabilitation...
Read MoreFebruary 27, 2015 | Myanmar
Three developers have submitted tender proposals to the Myanmar railway authorities to compete for the Yangon Central Railway Station comprehensive development project. The three developers (officially not disclosed) are from...
Read MoreFebruary 27, 2015 | Myanmar
Myanmar has officially opened a deep-sea port off its western coast, part of a $2.45 billion port and pipeline project that will carry crude oil from the Middle East to China. The port and the 480 mile pipeline are a JV between...
Read MoreFebruary 27, 2015 | Myanmar
The Myanmar Investment Commission has permitted Unocal Myanmar Offshore (Bermuda), Stat Oil Myanmar (Singapore) and Conoco Phillips Myanmar E&P (Singapore) to operate oil and natural gas projects at offshore work sites in...
Read MoreFebruary 27, 2015 | Myanmar
The Myanmar government has allowed two more foreign companies to conduct exploration and production of oil and gas at three blocks in its offshore areas. Under the production sharing contracts with the state-run Myanmar Oil and...
Read MoreFebruary 27, 2015 | Malaysia
Khazanah Nasional Berhad, the state investment fund of Malaysia, has completed the placement of a 2 per cent stake in Tenaga Nasional Berhad, raising MYR 1.62 billion ($451 million). The 2 per cent, or 112 million shares, were...
Read MoreFebruary 27, 2015 | Malaysia
Japan-based JGC has been awarded a ¥60 billion ($500 million) contract to help Petronas expand its lequified petroleum gas (LNG) complex in Sarawak, Malaysia. The engineering, procurement, construction and commissioning contract...
Read MoreFebruary 27, 2015 | Malaysia
According to reports, state-owned investment fund 1Malaysia Development Berhad (1MDB) has called off plans to sell up to Ringgit 8.4 billion ($2.4 billion) of Islamic bonds. The Islamic bond or sukuk had been earmarked to raise...
Read MoreFebruary 27, 2015 | Lao People's Democratic Republic (PDR)
The delegations from Vietnam, Thailand and Cambodia have proposed extending the consultation process for the Don Sahong hydropower project in Laos by six months to one year. The proposal was made at a meeting of the Mekong River...
Read MoreFebruary 27, 2015 | Indonesia
According to reports, telecommunications firm PT SmartFren Telecom, which is owned by the Sinar Mas Group, is seeking loans totalling up to $350 million from foreign banks. The firm will use the funds to replace its existing...
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