Laos’ growth is on track to reach 6.9 percent in 2017 as foreseen in April this year, despite a slightly sluggish growth by 6.8 percent in the first half of the year, according to the ADB. Firm economic growth is expected for 2017 and 2018, the Bank forecasts.
Faithful+Gould, a global integrated project and programme management consultancy, has appointed René Hillig as director for Southeast Asia to advance the company’s business and key account management strategy across the region.
The construction of Deep Tunnel Sewerage System (DTSS) Phase 2 in Singapore has started. The national water agency PUB held the groundbreaking ceremony yesterday (20 November) at the site of the project’s first tunnelling shaft at Penjuru Rd.
CapitaLand has acquired a new 1.45-ha site in Ho Chi Minh City, Vietnam, which will be developed into an 870-unit residential development with a retail component at a total value of US$177 million.
Malaysia’s Mass Rapid Transit Corporation is believed to be one of the first in Asia that has leveraged cloud-based collaboration on a common data environment, for its 51-km Klang Valley Mass Rapid Transit (KVMRT) system’s Sungai Buloh–Serdang–Putrajaya (SSP) line.
Embracing the benefits that digitisation and automation can bring, Aurecon has appointed John McGuire as global managing director to lead its built environment team worldwide. Also, global director of excellence and expertise Dr Kourosh Kayvani will now have full responsibility for innovation across the company.
Market share gains and strong recoveries in Asia and Russia help to boost sales for Volvo Construction Equipment in the third quarter of 2017. This saw sales up 34 percent, order intake up 45 percent and delivers up 48 percent in the period.
Euro Auctions will organise its first ever ‘timed auction’ - via its new Hong Kong operation - on Thursday 7 December 2017. Here, items will be sold online without the need for an auctioneer.
Singapore’s Land Transport Authority has awarded the final civil contract for Circle Line 6 for the construction of Cantonment Station to China State Construction Engineering Corporation Limited (Singapore Branch), at a contract sum of S$205 million.
As part of the works for Singapore’s Thomson-East Coast Line, LTA embarked on a pilot project to construct pedestrian underpasses with a rectangular tunnel boring machine at the Havelock and Stevens stations, in order to boost productivity.
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