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Business

More jobs from Sarawak coastal road project

KUCHING: More Sarawak and peninsula-based construction companies are expected to secure jobs under the billion-ringgit Sarawak Coastal Road Network project as the award of contracts picks up momentum.Five contracts – four of them bridge projects across rivers – worth a combined RM1.76bil have been awarded since February.

Business

CCCC chairman Liu discusses outlook for China’s Belt and Road

BEIJING: China Communications Construction Co (CCCC) chairman Liu Qitao discusses the outlook for China’s Belt and Road Initiative, and his company’s role as the biggest builder of projects in this bid to strengthen trade links across Asia, Europe and Africa.

Economy

China's Belt and Road acquisitions surge despite outbound capital crackdown

HONG KONG: Mergers and acquisitions by Chinese companies in countries that are part of the Belt and Road initiative are soaring, even as Beijing cracks down on China's acquisitive conglomerates to restrict capital outflows

Business

Win-win proposal for Road Builder, Econstates?

Online investment advisor Surf88.com on writes on prospects for Road Builder and Econstates

Business

Belt and Road is more chaos than conspiracy

IS China’s Belt and Road Initiative a bold infrastructure vision, or a slush fund? The question is becoming more pressing.

Business

China's Xi says Belt and Road must be green, sustainable

BEIJING: China's Belt and Road initiative must be green and sustainable, President Xi Jinping said at the opening of a summit on his grand plan on Friday, adding that the massive infrastructure and trade plan should result in "high quality" growth for everyone.

Business

China's Belt and Road getting reboot to clean up its image

BEIJING: Chinese President Xi Jinping’s grand Belt and Road Initiative is getting a makeover to tone down government rhetoric and tighten oversight, after allegations of corruption and a lack of sustainability dogged some of its highest-profile projects.

Business

Vinci to acquire toll road in Peru

FRANKFURT: Vinci SA, Europe’s largest construction company, plans to acquire a concession to build and operate a toll-road in Peru’s capital for about 1.5 billion euros (US$1.7bil), betting that Lima’s clogged up road systems will generate demand.

Business

In nod to debt concerns, China Belt and Road summit to urge sustainable financing

SHANGHAI: World leaders meeting in Beijing this week for a summit on China's Belt and Road initiative will agree to project financing that respects global debt goals and promotes green growth, according to a draft communique seen by Reuters.

Business

Local, global security firms in race along China's 'Silk Road'

SHANGHAI/BEIJING: Global security companies and their smaller Chinese rivals are jostling for business along Beijing's modern-day "Silk Road", the grandiose plan for land and sea routes connecting the world's second largest economy with the rest of Asia and beyond. The small consortium of security providers was set up early last year and operates in six countries: Malaysia, Pakistan, Turkey, Mozambique, Cambodia, and Thailand.