Conglomerates Bid for the USD 10-billion Sangley Airport Project
Bid submissions for the USD 10-billion Sangley Airport project in the province of Cavite has just recently concluded on November 25, 2019. Six groups have bought joint venture documents, namely, Taipan Lucio Tan’s MacroAsia Corp., state-run China Communications...
Singapore and the US Agree to Strengthen Cooperation in Infrastructure Finance
On 17 October 2019, Singapore and the United States of America signed a Framework to Strengthen Infrastructure Finance and Market Building Cooperation. The agreement builds on broader initiatives between Singapore and the US, and aims to facilitate technical exchanges...
Indonesia-UAE to Establish Sovereign Wealth Fund
Indonesia and the United Arab Emirates (UAE) are set to establish a sovereign wealth fund (SWF) that can be used for Infrastructure development. This also includes the development of the new capital city of Indonesia in East Kalimantan. The SWF scheme is still under...