Samsung C&T has secured a $391 million contract from the Singapore Land Transport Authority (LTA) for Thomson-East Coast Line (TEL) (East Coast stretch). Continue reading Samsung nabs $391M contract to build rail infrastructure in Singapore
Navtech Radar, is continuing to cement its position as leading radar-based Automatic Incident Detection (AID) solutions for traffic management applications, after having expanded sales into North America, South America, Korea and China as the demand for traffic data and improved driver behavior increases.
Toshiba Corporation announced that Toshiba Hydro Power (Hangzhou) Co., Ltd.(THPC), a Chinese subsidiary that manufactures, sells and maintains hydroelectric equipment, has won a major order to supply four units of 77-megawatt hydro turbine and generator for Myanmar Electric Power Enterprise’s Upper Yeywa hydropower plant. Continue reading Toshiba to supply 4 power generators and equipment for hydroelectric plant in Myanmar
In the Philippines, the security industry has been growing very fast, due to high demands and awareness, as well as need for safety. However, the slow economy in recent times has impacted overall growth, and the declined government expenditure will slow the growth rate of the security market, with projects like city surveillance postponed or delayed.
Despite of this, mid-high projects have been stronger, driven from the commercial sector, for instance, critical infrastructure, and hospitality that have security needs. This will continue in 2015, with commercial projects from the private sector driving forward, said Sunny Kong, Director of Sales in Asia at Milestone Systems.
Whereas public-private partnership projects in the Philippines have been successful. “Critical infrastructure projects like airport, transport, and hospitality etc. has been driving the business,” said Kong.
(Sunny Kong, Director of Sales in Asia at Milestone Systems)
ABI Research calculates cybersecurity spending for critical infrastructure protection will reach $109 billion globally by 2020. The majority of spending will focus on securing the financial sector and the ICT infrastructure, with the North American and European regions pumping the most into network, systems, and data security. Continue reading ABI Research: $100B cybersecurity spending for critical infrastructure by 2020
The National Economic Development Board (NEDB) in the Philippines has cleared the $45 million expansion project for Bacolod-Silay International Airport. Continue reading Philippines Bacolod-Silay Airport secures $45M for expansion project