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Asia-Pacific needs extra $459bn per year to meet infrastructure needs to 2020

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Countries in the Asia-Pacific region will needs extra investment of about $459bn per year until 2020 to meet their infrastructure needs, according to an Asian Development Bank (ADB) report.

The 25 developing countries surveyed in the report, which comprise 96% of the region’s population, spent $881bn in infrastructure development, or 5.5% of gross domestic product (GDP) in 2015.

This falls short of the annual $1340bn the ADB estimates they would need between 2016 and 2020 to bridge the infrastructure gap in their fast-growing economies.

That annual investment gap accounts for 2.4% of their combined GDP. However, without including China, which invested up to $686bn upgrading its infrastructure in 2016, the investment gap rises to 5% of the combined GDP of the other 24 countries surveyed.

“Fiscal reforms could generate additional revenues equivalent to 2% of GDP to bridge around 40% of the gap for these economies,” said the report.

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China

More manufacturers to relocate from China to Southeast Asia

JLL anticipates the trend to accelerate as the China-US tariff war are driving more companies in China to relocate their operations to other countries to avoid US tariffs and maintain their competitiveness.

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Bangkok, 11 July 2019 – More manufacturers have relocated from China to Southeast Asia over the past few years largely because The Red Dragon’s labor costs have become less and less competitive. This trend has been reinforced by the China-US trade war that began in 2018.

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Investment

SET up 6.8% at end of June, highest performer in Asia

The Set is up 10.6 per cent from the end of 2018 to 1,730.34 points and SCB Securities thinks the Thai stock market may now rise to 1,750 points.

Olivier Languepin

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The Stock Exchange of Thailand (SET) Index at the end of June showed an increase of 6.8 per cent over the previous month, making the best performer in Asia.

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Investment

High-speed rail project to link three airport to be signed next month

Contracts to link three airports and the Map Ta Phut industrial port development project expected to be signed between state firms and private concessionaires next month.

National News Bureau of Thailand

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Bangsue railway station

The Eastern Economic Corridor Policy Committee has acknowledged progress in the high-speed rail project to link three airports and the Map Ta Phut industrial port development project.

Contracts for both projects are expected to be signed between state firms and private concessionaires next month.

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