Gamuda expects nod soon for RM36bil joint MRT project

The Cabinet has yet to approve the Gamuda Bhd-MMC Corp Bhd joint development proposal for the mass rapid transit (MRT) system, said Gamuda group managing director Datuk Lin Yun Ling. However, he expects the proposal, which was submitted early this year, to be approved soon. Possibly, the Gamuda-MMC joint venture will be the project delivery […]

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Hanoi’s Metropole Closes 2010 on a High Note

The fireworks that recently erupted over Hanoi in celebration of the capital’s 1000th anniversary may well have served to herald the coronation of the Sofitel Legend Metropole Hanoi. Renowned as the country’s foremost hotel since Vietnam opened its doors to world travelers less than 20 years ago, the hotel in 2010 won a record-breaking 21 […]

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Building of $491 million deep water port begins

Building of the US$491 million Cua Lo deep water port in central Nghe An Province started yesterday. The first phase, of the three-phase project in Nghi Thiet Commune, the Nghi Loc District, will include a wharf for 30,000-tonne vessels and another for 50,000-tonne vessels. The work is scheduled for completion in 2015. Four wharves for […]

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Glow plans to spend B4bn on British firm's assets

SET-listed Glow Energy expects to invest about 4 billion baht to acquire assets of England-based Independent Power (IP) in Thailand and up to US$200 million to build a new 120-megawatt unit near its Huay Ho hydroelectric plant in Laos. Chief financial officer Suthiwong Kongsiri said Paris-based GDF Suez, which holds 69% of Glow, has considered […]

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Glow plans to spend B4bn on British firm’s assets

SET-listed Glow Energy expects to invest about 4 billion baht to acquire assets of England-based Independent Power (IP) in Thailand and up to US$200 million to build a new 120-megawatt unit near its Huay Ho hydroelectric plant in Laos. Chief financial officer Suthiwong Kongsiri said Paris-based GDF Suez, which holds 69% of Glow, has considered […]

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High-speed rail between Yunnan and Myanmar on agenda

Construction of a high-speed rail link between Yunnan province and neighboring Myanmar, part of a project to upgrade transport connections with Southeast Asian nations, will start in about two months, a top rail expert said. The line, from Kunming, capital of Yunnan province, to Yangon, Myanmar‘s largest city, will be 1,920 kilometers long, said Wang […]

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