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Jan 10, 2025 | 
globalconstructionreview.com | David Rogers
The facility is being developed by Thai Binh LNG Power, a consortium made up of two Japanese utilities, Tokyo Gas and Kyushu Electric Power, and Vietnamese industrial conglomerate Truong Thanh Vietnam Group. The project was first announced in January last year, after the consortium formed at the Vietnam–Japan Economic Forum in Tokyo during Prime Minister Pham Minh Chinh’s visit to Japan in December 2023. When complete in 2030, the plant is expected to contribute 1.5GW to Vietnam’s grid.
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Jan 1, 2025 | 
stockhead.com.au | David Rogers
The Australian sharemarket surged in 2024, adding nearly $200bn to the value of the benchmark ASX 200 index, despite a retreat in December. Overall it was another good year for stocks as a soaring US market pulled valuations higher, but gains faded late in the year as the US Federal Reserve shifted away from rate cuts. In the week before Christmas, stocks suffered their biggest falls in months.
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Dec 18, 2024 | 
globalconstructionreview.com | David Rogers
She opened the seventh and final section of track, which runs 287km between Escárcega and Chetumal. She said Mexico was the only country in the world that could have built a line of this length in only four years. It was originally meant to take two years, notes the Mexico News Daily. Work started in June 2020, during President López Obrador’s term in office, and was to have been finished by October 2022.
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Dec 12, 2024 | 
stockhead.com.au | David Rogers
It may seem counterintuitive to say that US stocks will lead the world again in 2025. But that’s exactly what is on the cards, according to Chicago-based Michael Hunstad, deputy chief information officer and chief investment officer of global equities at Northern Trust. With about $US1.6bn ($2.5bn) of assets under management, Northern Trust is one of the world’s biggest purely active fund managers, so it has to take a view on global markets.
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Dec 11, 2024 | 
globalconstructionreview.com | David Rogers
The discovery, made in June, was reported by the National Institute of Anthropology and History (INAH) following an archaeological investigation. Crews made the find while adding a third lane to Federal Highway 105 in the Hidalgo region, north of Mexico City. Archaeologists believe the base was built in a city close to present-day San Miguel Metzquititlán that existed between 700AD and 1519AD.
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Dec 5, 2024 | 
globalconstructionreview.com | David Rogers
Portuguese power developer TagEnergy is to join with Tesla to build France’s largest battery storage facility in the commune of Cernay-lès-Reims, about 100km east of Paris. When complete by the end of next year, the 240MW facility will have five times more capacity than the largest system in France today. Financed by a consortium of European banks, the project will break ground next month once archaeological investigations have concluded.
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Nov 27, 2024 | 
globalconstructionreview.com | David Rogers
When completed in 2029, the gas-fired facility will produce 2.4GW of electricity and 500,000 tonnes of potable water a day. This will meet about 16% of Qatar’s electricity and water needs. Samsung will act as the EPC contractor, a role that will be worth $2.8bn. The plant will be located in the Ras Abu Fontas area, 18km southeast of Doha. It will be operated by a consortium led by Tokyo-based Sumitomo and Shikoku Electric Power along with Korea Southern Power and Korea Overseas Infrastructure.
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Nov 20, 2024 | 
globalconstructionreview.com | David Rogers
The Stockholm-based firm will act as lead consultant on a new hospital for the city of Kiruna, a mining town of 17,000 people that sits on ore deposits at the world’s largest underground mine. Since 2014, the city has been incrementally taking buildings down and rebuilding them in new locations to the east under a 100-year master plan devised by Swedish architects White Arkitekter.
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Nov 9, 2024 | 
stockhead.com.au | David Rogers
Words by David Rogers, Markets editor at The Australian Donald Trump’s historic return has sparked big moves in global financial markets. Stocks have experienced a sustained rise but much of the initial reaction in currencies, commodities and bonds was soon unwound in volatile trading after Trump’s victory became clear this week. In reality, nothing much will happen before Trump’s inauguration on January 20 and the amount of policy change that markets should build in at this stage is unclear.
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Nov 7, 2024 | 
mondaq.com | David Rogers |Joseph Adams |Anne Becker |Abby Brothers
The IRS recently released Notice 2024-80 to announce cost-of-living
adjustments to the indexed dollar limits applicable to retirement
plans. The chart below shows how the 2025 limits compare to the
2024 limits. Most importantly, the new IRS guidance addresses the
SECURE 2.0 change to the catch-up contribution limit for
participants aged 60 to 63; this "super-catch-up" is
effective January 1, 2025.
