Southeast Asian nations hope a proposed US$15 billion major railway project linking Singapore to southern China will be ready by 2015 to facilitate the flow of goods and people across the region, officials said yesterday.
The Asian Development Bank recently provided Cambodia soft loans of US$40 million to build missing links and another US$5.4 million has been secured as grants for the project, said Ong Keng Yong, secretary-general of the 10-member ASEAN.
China, which last month launched a rail track from Beijing to Tibet, has also shown renewed interest in ASEAN's plan for a rail line spanning 5,000km from Singapore to Kunming in China, he said.
However, overall progress of the project has been hindered by a lack of funds and other technical issues in connecting the rail to major towns across the region, he said.
"We want to revitalize the railway project which will be good for the region. With the rah-rah after the opening of the Tibetan line, I believe we can move faster," Ong said after a meeting of the ASEAN-Mekong Basin Development Cooperation.
"Work is being done on a national level to join up with the rail link, but we need more funding," he said.
A rail line already runs from Singapore to Bangkok. From Bangkok, Ong said there are plans for two separate rail lines to Kunming. One rail track will snake across Cambodia and Vietnam, with a connecting track to Laos, while the other line will cut west through Myanmar.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to post a 25 percent year-on-year increase in sales in the first quarter of this year to US$12.91 billion, up from US$10.31 billion a year earlier, as its production is at full capacity, market advisory firm TrendForce Corp said in a note last week. The increase would help TSMC cement its leadership in the industry by taking a 56 percent market share in the global pure wafer foundry business, TrendForce said. Its forecast was in line with TSMC’s estimate in January, which pointed to a range of US$12.7 billion to US$13 billion for the
MULTI-USE: The arrangement of seats in future vehicles would be different, allowing passengers to do everything they do at home, the CEO of the firm’s EV platform said Electric vehicles (EVs) developed on a Hon Hai Precision Industry Co (鴻海精密) platform would be built like “a smartphone on a different platform,” Jack Cheng (鄭顯聰), chief executive officer of the Hon Hai-initiated MIH Open Platform Alliance, said on Saturday. It would be the ultimate goal to make vehicles built on the platform an extension of the driver’s home, he said during an online presentation. The alliance aims to provide resources to automakers and boost Taiwan’s EV development, with a vision to make an EV its owner’s “second home,” Cheng said. “Whatever they can do in their home, they will be able
RARE POSITION: IHS Markit expects exports to increase by about 13 percent this year, as demand for electronics worldwide has recovered significantly since last year Taiwan’s economy might expand 4.1 percent this year, accelerating from a 3.11 percent pickup last year, as its exports would continue to benefit from surging demand for electronics products amid and after the COVID-19 pandemic, global research body IHS Markit said yesterday. Taiwan has been one of the world’s most resilient economies during the pandemic-triggered recession last year. Economic indicators at the beginning of this year signal improving growth momentum for its economy over the coming months, as the global economy and trade rebounds, the US-British information provider said. According to the latest IHS Markit survey of business confidence in Taiwan, the
Clean energy use and reduction of carbon dioxide emissions are the common consciousness of all countries in the world. Among them, the introduction of renewable energy storage systems and the promotion of electric vehicles are the unanimous implementation of governments and enterprises around the world. The most critical strategic component is the lithium ion battery. Whoever has a higher energy density, lower cost, and higher safety lithium battery will control the development trend of this wave of safer lithium battery technology. All-solid-state batteries are a goal that everyone is striving to pursue. However, the stable and large scale production of solid-state