The Business Times
business-time-50

Japan unveils US$110b plan to fund Asia infrastructure

Published Thu, May 21, 2015 · 09:50 PM

Tokyo

JAPAN unveiled a plan on Thursday to provide US$110 billion in aid for Asian infrastructure projects, as China prepares to launch a new institutional lender that is seen as encroaching on the regional financial clout of Tokyo and its ally Washington.

The amount of Japanese funds, to be invested over five years, tops the expected US$100 billion capitalisation of the Asian Infrastructure Investment Bank (AIIB), the Beijing-sponsored lender scheduled to begin operations next year.

JapanAIIB

TRENDING NOW

Some of the dishes at Gallery by Chele in Metro Manila.

Is Manila Asia’s new dining hot spot?

Construction of a 2 GW converter platform for the Netherlands’ national grid operator Tennet at Seatrium’s yard in Admiralty, Singapore.

World’s largest offshore wind platform by Seatrium consortium on track to be completed by 2028

Applications should use the AI model best suited to a task, without being redesigned each time, and without the business losing control over cost, data or risk.

Why the biggest business decision about AI isn’t which model to choose

OCBC is still the best performing constituent of the STI this year; DBS and UOB are in third and eighth place respectively.

DBS, OCBC, UOB face rate hike reality check

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More