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NEW UPDATES Asean Affairs  29 May  2015  

Philippines seal US$157m airport deal with Chiyoda, Mitsubishi

THE Philippines on Wednesday sealed a 7 billion peso (US$157 million) deal with Mitsubishi Corp and Chiyoda Corp to build a new airport in the central island of Bohol, one of the country’s top tourist destinations.

The Japanese joint venture will begin construction in June and complete the project by late 2017 or early 2018, the transportation department said in a statement.

It is the first greenfield airport project awarded under the administration of President Benigno Aquino, which aims to upgrade the country’s ageing infrastructure in partnership with local and foreign investors to boost economic growth.

The project is also one of six airport deals worth 116 billion pesos that are up for grabs via tender this year under a public-private partnership scheme.

The new airport will be 10 times bigger than the current Bohol gateway, the Tagbilaran airport, with a floor area of around 8,800 square meters, the Department of Transportation and Communications (DOTC) said. It will have an annual capacity of 1.7 million passengers, more than double the almost 790,000 passengers handled in 2013.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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