Philippines — The Department of Transportation (DOTr) has delivered P6.6 billion worth of airport projects so far under the Marcos administration, benefiting travel and tourism in the regions. In a report, the DOTr said it has completed 48 projects to…
Indonesia will collaborate with South Korea to construct an immersed tunnel in its new capital city of Nusantara, according to the Public Works and Housing Ministry. “We estimate the cost to complete the immersed tunnel to be around 682 million…
The Ministry of Environment announced Tuesday that it has chosen 14 different sites to build new dams to guarantee South Korea’s safety and readiness for heavy rain, floods and droughts. “Since May 2023, the Ministry of Environment has been trying…
ECONOMIC GROWTH is on track to outpace the rise in the National Government’s (NG) debt, with borrowing costs expected to go down as global central banks cut interest rates, the Department of Finance (DoF) said on Monday. During the Development…
An increasing number of companies funded by Chinese investors have been buying properties for rent and sale in key economic cities, and the government’s plan to increase the leasehold period for foreigners from 50 to 99 years is expected to…
PTT Oil and Retail Business (OR) has announced it is investing 8 billion baht to expand its business interests abroad, as it sets out to boost the company’s competitiveness in the global market. CEO Disathat Panyarachun said on Wednesday that…
China is accelerating efforts to develop emerging industries. One example is autonomous driving. Reporter He Jingyi is in Wuhan to learn about China’s booming driverless market. Wuhan aims to become the world’s first driverless city. The world’s biggest experiment in…
The designer of the world’s tallest building is now planning to make skyscrapers that would be capable of storing energy. Chicago-based Skidmore, Owings & Merrill LLP (SOM), the firm that designed Burj Khalifa, now aims to turn skyscrapers into batteries…
Over 13,000 apartments built to relocate people whose lands were acquired for public works remain unoccupied, some for 20 years, with many deteriorating badly. The 5,300-apartment complex was built for residents of Thu Thiem peninsula whose lands were acquired by…
The delivery of the world’s second-largest cruise ship lifted France’s economy in the second quarter, according to official data that also showed Germany heading into a recession. Built in Saint-Nazaire for the cruise ship operator Royal Caribbean, the Utopia of…