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Infrastructure
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  • The governments of Mexico, Guatemala, El Salvador and Honduras confirmed that their citizens were among the 6 people still missing
  • White House Press Secretary Karine Jean-Pierre said President Biden has instructed his team ‘to move heaven and earth’ to aid in recovery and rebuilding
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While PE firms operating in Asia are confident in their core business, they are eyeing alternative assets such as private credit and infrastructure to generate alpha, executives say at the Milken Institute symposium.

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A dearth of critical supplies for AI development, exacerbated by Washington’s tech-curtailment moves against China, is seen reflecting the need for a unified and better-funded domestic market.

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Reforms and incentives are attracting international investors looking to diversify away from China amid its intensifying rivalry with the US. But India still has a way to go to catch up to its neighbour to the north.

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Micron CEO Sanjay Mehrotra promised investors that 2024 will mark a rebound for the memory chip industry and 2025 will see record sales levels, driven by opportunities enabled by AI.

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At least nine major refineries have been successfully attacked this year, currently taking offline 11 per cent of Russia’s total capacity by some estimates.

Following decades of the ‘Angola model’ – oil-backed loans to access Chinese funding for infrastructure – Beijing vows to help modernise Angola.

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Project linking Helsinki and Tallinn has been plagued by controversy, but sponsor is undeterred, saying funding is ‘not Chinese, it’s international’.

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Technology transfers have always been officially part of China’s belt and road plan, but analysts say those types of exchanges are being increasingly prioritised as Beijing bids to boost ties.

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Russian officials reported attacks on energy facilities, including a fire at Lukoil’s Norsi refinery and a drone destroyed on the outskirts of the town of Russia’s second largest oil refinery.

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One of China’s most indebted provinces has brilliant bridges and vast roads, but also one of the nation’s worst per capita income levels, along with debt pressure that could weigh down the region for years.

Broadcom said on Thursday it expects US$10 billion in revenue from chips related to artificial intelligence this year, but its stock dipped after the tech company’s full-year forecast failed to impress investors.

Power grid and railway infrastructure improvements in a strategically important area of China’s Tibet autonomous region, which borders India, are urgently needed, according to a ‘two sessions’ delegate.

‘Southeast Asia is where Australia’s future lies,’ Australian PM Anthony Albanese said on Tuesday as he announced the fund to focus on clean energy and infrastructure and provide loans, guarantees, equity and insurance.

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Ahead of the biggest political event of the year, China’s energy security gets more play against the backdrop of international criticism and fresh warnings from the United States.

The initiative seeks to ‘lower the threshold of cloud services for more enterprises and developers’ in mainland China, where artificial intelligence development projects are driving demand.

High-risk, high-cost mega-infrastructure projects like those backed by Belt and Road Initiative decline in popularity, with developments now seen in sectors with faster returns and fewer operating costs.

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Striving to reduce local government debt while boosting China’s local-level economies through investment is seen as a conflicting approach, while a decline in construction machinery operations does not bode well.

After five years, China’s efforts to integrate its populous south under its Greater Bay Area blueprint appear to have borne fruit, with transport between regions already taking less time – and future construction aims to make those trips even faster and easier.

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