Singha Complex In Bangkok 40% complete

Naris Cheyklin, chief executive officer of Singha Estate, said: “The construction of the project is going according to the plan. The |construction of the office space is now 40 |per cent [finished], with 21 of its 42 floors completed. 
“The retail space is now 30 per cent completed, reaching L2 level of a total of four floors. 
“The office lobby is now 80 per cent finished, and the interior decoration will be starting after this.”

Tris affirms BEM’s ‘A’ rating

Tris Rating has affirmed the company rating and the ratings of the outstanding senior unsecured debentures of Bangkok Expressway and Metro (BEM) at “A”, reflecting BEM’s strong business profile, supported by stable and predictable operating cash flow, and the growth prospects in the mass rapid transit (MRT) segment.
These strengths are partially offset by the uncertainty over the renewal of the concession for the urban-sector expressway, which will expire in 2020, plus rising leverage from new investments in MRT projects. 
BEM was established on December 30, 2015, through the amalgamation of Bangkok Expressway (BECL) and Bangkok Metro (BMCL). BEM was listed on the Stock Exchange of Thailand on January 5 2016. BEM’s major shareholder, as of April 2017, was Ch Karnchang, which held 29.98 per cent of the outstanding shares.

CALMING THE WATERS

China proposes ‘blue economic |passages’ for maritime cooperation
China has put forward plans for three ocean-based “blue economic passages” that will connect Asia with Africa, Oceania, Europe and beyond, in a bid to advance maritime cooperation under the Belt and Road Initiative. 
The proposal was included in “Vision for Maritime Cooperation under the Belt and Road Initiative”, which was released on Tuesday by China’s National Development and Reform Commission and State Oceanic Administration. 
China is willing to engage in all-dimensional and broad-scoped maritime cooperation and build open, inclusive cooperation platforms with countries along the so-called 21st Century Maritime Silk Road, promoting mutually beneficial “blue partnerships” and forging a “blue engine” for sustainable development, according to the document. 
The three blue economic passages will be priority maritime-cooperation tasks. 
The China-Indian Ocean-Africa-Mediterranean Sea blue economic passage will run westward via the South China Sea to the Indian Ocean, link with the China-Indochina Peninsula Economic Corridor, and connect with the China-Pakistan and Bangladesh-China-India-Myanmar economic corridors. 
The China-Oceania-South Pacific passage will run southward via the South China Sea into the Pacific Ocean, while another economic passage is also envisaged linking Europe via the Arctic Ocean. 
The document called on countries along the 21st Century Maritime Silk Road to focus on “sharing blue space and developing the blue economy”, which will target issues such as marine-environment protection, marine interconnectivity, maritime security and common oceanic governance. 
China will adhere to the “Silk Road Spirit” of peace and cooperation, openness and inclusiveness, mutual learning and mutual benefits, shelving differences and building consensus, said the document, which was an outcome of the Belt and Road Forum for International Cooperation held in May. 
The nation also promised to abide by market rules and international norms, giving play to the primary role of enterprises. – Xinhua