Singapore Government Invests US$1.02B In Construction Projects
Singapore: In a move to boost the construction sector in the nation, the Singapore government is investing another S$700 million (US$513 million) in construction projects for public amenities works, which gives rise to opportunity for steel manufacturers.
Kia Investing US$1.1B To Build India Factory
Andhra Pradesh, India: Kia will build an automotive facility in the southern state of Andhra Pradesh, and expects to start production in the second half of 2019.
Boeing’s HorizonX Invests In Artificial Intelligence With SparkCognition
Chicago, USA: Boeing is investing in SparkCognition, a US company that develops artificial intelligence and machine learning for applications in manufacturing, aerospace, defence and information technology security.
Philippines To Build US$5.05B Manila-Clark Railway
Philippines: The Department of Transportation in the Philippines will begin construction of the Manila-Clark railway project in the fourth quarter of this year, and will be completed by 2021.
Goodway To Invest US$65.9M In Smart Machinery
Taichung, Taiwan: Goodway Machine Corporation, a manufacturer of computer numerical control (CNC) machines for car component suppliers, plans to invest NT$2 billion (US$65.9 million) in smart machinery to offset rising labour costs.
