Southeast Asian nations are investing in their urban rail infrastructure to ease road congestion impeding their further economic growth. In Hanoi, road congestion costs Vietnam as much as $1.2 billion in 2018, reports Nikkei.
Thailand and Vietnam have announced plans to start 5G services as early as 2020. The Southeast Asian nations are scrambling to introduce 5G networks, determined not to fall behind developed nations, reports the Nikkei Asian Review.
While on a state visit to the Philippines, Malaysian Prime Minister Mahathir Mohammad told journalists that if countries borrow money from China they cannot pay back, the country "may be under the control of the lender." The statement was read as a warning to Philippines president Rodrigo Duterte, who accepted a $9 billion credit line from China in 2016, reports Nikkei.
Myanmar's Aung San Suu Kyi, the de facto leader, convened a forum for foreign businesses in the impoverished Rakhine State, urging attendees to invest in infrastructure throughout the country's rural areas. With national elections in 2020, Suu Kyi has been touring outlying regions in Myanmar promising development initiatives to shore up support for her ruling party, reports Nikkei.
In the coming years, as governments fine-tune their cyber governance models and lay out plans for 5G networks, the United States and its allies should accelerate efforts to work with Southeast Asian partners on issues related to digital infrastructure and governance if they hope to compete with China's Digital Silk Road.
Huawei's Vietnam chief says the company has received assurances from the country's communications minister that Vietnam remains "open" to Huawei's 5G technology. This comes on the heels of European countries announcing they will reconsider telecommunications partnerships with Huawei due to information security concerns.
The trial of Najib Razak, Malaysia's former prime minister, over corruption-related charges tied to the 1MDB development fund is scheduled to begin on February 12. The prosecution is expected to probe whether China-backed infrastructure projects signed by Najib's government were used to bail out 1MDB, reports Nikkei.
Vietnam's government has re-introduced a previously rejected plan for a high-speed railway that would connect the country's north and south. Under the current proposal, the government would cover 80% of the project's cost, fueling concern that funding the railway would be irresponsible.
China Three Gorges Corp, operator of the world's largest hydropower plant, is turning to projects offshore as domestic costs soar and space runs out on China's crowded rivers. The company, which already has business in more than 40 countries, will focus mostly on South Asia, Southeast Asia, Africa, and Latin America, reports the Nikkei Asian Review.
In an effort to provide an alternative to China's Belt and Road Initiative, Japan will help build "smart cities" across Southeast Asia, using artificial intelligence and networked devices to tackle problems like road congestion and energy conservation, reports the Nikkei Asian Review.
Thailand will spend more than $25 billion to build a high-speed rail network in a bid to transform the country into a regional rail hub. The Bang Sue Grand Station in Bangkok, when completed in 2020, is expected be Southeast Asia's biggest station with a capacity of serving 400,000 passengers daily.
Japan's Kawasaki Heavy Industries has created a floating, gas-fired power plant that it hopes to sell to power companies in rapidly growing economies in Asia and as an emergency source of power in areas hit by natural disasters where infrastructure remains underdeveloped, reports the Nikkei Asian Review.
Laos is accepting more Chinese loans to build 50 hydropower dams by 2025 and is increasing its external debt, half of which is owed to China.
The China Road Project, a team of researchers interested in China’s role in global development, will be traveling 60,000 kilometers over land and sea to investigate China's Belt and Road initiative (BRI), a foreign policy concept and global infrastructure plan announced by Chinese president Xi Jinping in 2013, to help close the information gap and shine a light on the multi-trillion dollar initiative.
Newly elected Asian leaders from the Maldives, Malaysia, and Sri Lanka question the "business sense" of some Chinese-funded infrastructure projects under the Belt and Road Initiative, casting doubt on Beijing's strategy for building regional influence.
Maldivians voted out incumbent President Yameen, an early supporter of Beijing's Belt and Road Initiative who accepted funding for bridges, housing and other infrastructure projects.
Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the Competing Visions of Japan, India, and other regional powers, and the stakes for U.S. policy.
Thai oil and gas group PTT is in discussions with potential partners to develop an estimated $7 billion high-speed train project as part of the country's Eastern Economic Corridor.
Malaysian prime minister Mahathir Mohamad is heading to China to renegotiate billion-dollar infrastructure projects signed by his predecessor, in an effort to reduce the nation's financial dependence on China.
Vietnam's Ministry of Investment and Planning issued a warning to its government about Chinese development assistance, citing concerns of high interest rates, project overruns, and a lack of local contribution to the projects.
Indonesian president Joko Widodo is reportedly considering cutting back on his signature infrastructure projects to suppress imports of construction materials in order to protect the value of the rupiah, according to Nikkei Asian Review.
Chinese infrastructure investment throughout Southeast Asia has shifted the tide of opinion, simultaneously supporting authoritarian politics in certain states and engendering opposition to Belt and Road in others, according to the Nikkei Asian Review.
Indonesian President Widodo's flagship infrastructure program seems to put him in favor in his re-election bid. The outcome of upcoming regional elections will gauge if the public is happy with Widodo's infrastructure drive and influence the way he addresses infrastructure leading up to national elections next April.
Vietnam plans to develop the largest solar plant in the ASEAN region, a 420-megawatt facility located in Tay Ninh in southwestern Vietnam. Talks are underway with several local and international financial institutions for project funding for the $420 million project.
Malaysia's Ministry of Finance is reviewing two gas pipeline projects worth $2.36 billion signed under the Najib administration, following the discovery that 88 percent of the money has been paid out despite only 13 percent of the work being completed.
Malaysian Prime Minister Mahathir Mohamad will send his finance minister to Beijing to renegotiate several infrastructure contracts following the discovery of three Chinese-funded and built projects where payments were made based on agreed time milestones and not work completed.
Cambodia is set to complete an ambitious rail project next week from Poipet to Phnom Penh, connecting the country from North to South for the first time in 45 years. However, substantial Chinese involvement in the project has raised concerns over high levels of debt owed to China, which some estimates place as high as $4 billion, or 20 percent of Cambodia's GDP.
This report highlights recommendations on how the U.S. might effectively engage Southeast Asia's infrastructure challenges to foster greater stability and financial integration in the region.
Malaysia has canceled plans for a $14.8 billion high-speed rail project that would have connected Kuala Lumpur with Singapore.
Prime Minister Mahathir cancelled a proposed high-speed railway project that would have connected Kuala Lumpur with Singapore on Monday, citing the overall cost of the project as a primary concern. Mahathir's predecessor signed a legally-binding deal with his counterpart, Lee Hsien Loong, in December 2016 as a symbol of closer bilateral cooperation which will now require negotiating a $125 million penalty for pulling out.
Even if Belt and Road investment declines in the future, whether for political or economic reasons, the influence of Chinese constructors and planners on regional markets will continue to be apparent, from the alignment of high-speed railways in Indonesia to the design of residential and commercial developments in city centers.
Facing a $251 billion national debt that is far higher than figures published by the previous administration, the new Malaysian government will reexamine key infrastructure projects such as the Kuala Lumpur-Singapore high-speed railway and the East Coast Rail Link.
The port of Patimban, estimated to cost $3 billion, is going to be financed by a Japanese loan and may be built by a Japanese-Indonesian team. The port is envisioned to become a transport hub and alleviate problems for Japanese companies operating in the West Java industrial park.
Japan's businesses were approved to devote a record $1.47 billion to Myanmar in this fiscal year, including investments in infrastructure.
After winning the elections last week, Malaysia's new Prime Minister, Mahathir Mohamad, is expected to re-evaluate the country's relations with China, including the issue of Chinese-backed infrastructure projects.
Malaysia’s prime minister Najib has vowed to continue a track record of infrastructure developments, which includes the the Kuala Lumpur-Singapore high-speed rail, ahead of upcoming elections.
China is offering $1.7 million to a six-country group along the Mekong River to boost regional trade and ease concerns related to Beijing's massive hydroelectric dam projects along the waterway.
Japan, the U.S., and India have agreed to work together on infrastructure projects in the Indo-Pacific region focusing on South and Southeast Asian nations such as Nepal, Bangladesh, and Myanmar. The trilateral is calling for a more transparent and sustainable approach in line with international standards to counter China’s infrastructure development under its Belt and Road initiative.
An Indonesian state-owned construction picks a new leader to manage President Widodo’s infrastructure surge.
The Indonesian government hopes that the Kertajati International Airport currently under construction in West Java will lure businesses away from the capital and turn the region into an economic hub.
Philippines to issue $230 million worth of yuan-denominated bonds that can be used for budget spending and Belt and Road projects. It will be the first Southeast Asia borrower to issue the so-called panda bond.
Philippine President Rodrigo Duterte's administration raised excise taxes on coal, petroleum, cars, sugar-sweetened beverages, cosmetic surgery and other items, to fund his infrastructure projects. This is expected to raise $1.8 billion in its first year of implementation.
Philippines plans to spend $154 billion on infrastructure projects by 2022, including the consideration of finally bringing Southeast Asia's only nuclear reactor to life three decades after its completion.
Infrastructure improvements within the Eurasian Economic Union have fueled interest in a free trade agreement between Thailand and the Russia-led bloc.
A conglomerate of 7 major companies has submitted a $6.75 billion proposal to expand and modernize Manila airport into a regional aviation hub.
Since 2009 ASEAN entities have issued $1.85 billion worth of green bonds, many of which fund infrastructure developments such as Warisan Merdeka Tower in Kuala Lumpur.
Indian Prime Minister Narendra Modi welcomes all ten ASEAN leaders to New Dehli in an attempt to strengthen trade and connectivity with the bloc.
The Prime Minister of Thailand has instructed transport officials to reduce the maximum speed of the 670-kilometer Thai-Japanese high-speed rail.
Malaysia and Singapore signed a bilateral agreement to build and run a Rapid Transit System Link on Tuesday, advancing an initiative to boost connectivity between the two Southeast Asian nations.
Domestic demand and the rollout of infrastructure projects in 2018 will continue to drive growth in the Philippines and Indonesia.