Bangkok / DPA Thai Airways International plans to trim more staff this year to stop the financial bleeding. The company has set a budget of 2.2 billion baht (US$63 million) for the new cost-cutting plan,” Narongchai Wongthanavimok, chief financial officer, said. There is still no targeted number nor time frame for this round, but it should begin in one or ...

Kathmandu / DPA In a bid to shift away from heavy dependence on India, Nepal signed an agreement with China to use transit facilities for third country trade by using the ports of the northern neighbour. However, poor infrastructure on the Nepali side, difficult geographical terrain and without the reach of Chinese train up to Nepali border in Kerung (Gyirong ...

Singapore / DPA The contract to build a four-in-one rail and bus depot in Singapore- said to be the world’s first such facility – has been awarded to South Korea-based GS Engineering & Construction Corporation for around US$1.46 billion. The East Coast Integrated Depot will contain three train depots and one bus depot within a single site of 36ha. It ...