Malaysia’s Yong Tai to Build An International Cruise Terminal in Melaka State
Yong Tai Bhd, one of Malaysia’s largest tourism-related property developers has received approval from the Melaka state government to develop an international cruise terminal by 2022. The MYR 8 billion (USD 1.9 billion) deep-sea port is to be built facing Straits of...
Philippine Economic Zone Authority Plans to Build Defense Industrial Zones
The Philippine Economic Zone Authority (PEZA) is planning to transform several economic zones in the country into defense industrial complexes where military equipment and weapons will be produced. This is in line with the government’s goal of modernizing the Armed...
Singapore Aims for All Vehicles to Run on Cleaner Energy by 2040
In the 2020 budget, the Singapore government laid out a vision is to phase out ICE (internal combustion engine) vehicles and have all vehicles run on cleaner energy by 2040. Three measures have been introduced in the budget for this: Enhancement of incentives to...