The Lao government is upgrading the country’s road network and is planning to build more expressways to improve logistics and help fulfil the goal for Laos to become a land-linked country.
80 One of the three Chinese-made VN16 light tanks purchased by the navy at a cost of 398 million baht. The three tanks will be commissioned at the Marine Division in Chon Buri. Wassana Nanuam
The Royal Thai Navy (RTN) on Tuesday defended its purchase of three Chinese-made tanks, saying the procurement was approved before the Covid-19 pandemic outbreak.
Responding to criticism of the delivery of three VN16 tanks, RTN spokesman, Adm Chettha Chaipiam, said the 398-million-baht procurement project was approved in fiscal year 2020 so the country was committed to buying them.
During Monday s budget bill debate, the opposition questioned why the tanks arrived in Thailand before the anticipated Covid-19 vaccines, which are a greater priority. The observation sparked criticism on social media against the government.
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The global armored vehicles market is valued at US$23.0 billion in 2020 and will grow at a CAGR of 4.01% to reach a value of US$34.1 billion by 2030. The cumulative market for global armored vehicles is anticipated to value US$311.9 billion over the forecast period. The demand for armored vehicles is anticipated to be driven by the European region, including countries such as France, Spain, Poland and the UK. The North American region will hold the second largest position globally, exhibiting a steady pace of growth over the forecast period with a CAGR of 5.24%. Major military forces around the globe are presently undertaking modernization efforts to replace legacy platforms in the face of modern threats. Those efforts will support market growth over the next decade.
Shandong province leads the charge as utilization rates drop globally on COVID
China s fuel refining capacity continues to rise, with the average utilization rate of China s independent refineries in Shandong province standing at around 70.4 percent in 2020, up by about 6 percentage points from 64.2 percent in 2019, despite the sluggish global refinery demand due to the COVID-19 pandemic, according to S&P Global Platts, an energy industry news and data provider.
The rise in capacity is attributed to low crude oil prices, which led to refiners keeping their throughput high, and the strong economic activity rebound in China, thanks to effective domestic control of the pandemic.
Refining capacity to increase Share CLOSE Workers carry out tasks relating to construction of a refinery project at a petrochemical industry base in Lianyungang, Jiangsu province. [Photo by Wang Jianmin/For China Daily]
Shandong province leads the charge as utilization rates drop globally on COVID
China s fuel refining capacity continues to rise, with the average utilization rate of China s independent refineries in Shandong province standing at around 70.4 percent in 2020, up by about 6 percentage points from 64.2 percent in 2019, despite the sluggish global refinery demand due to the COVID-19 pandemic, according to S&P Global Platts, an energy industry news and data provider.