Latest News

• Mercurius to buy 50% stake in Thai property developer, jointly develop Phuket resort
  18 Jun 2019

  Mercurius to buy 50% stake in Thai property developer, jointly develop Phuket resort 17 June 2019 MERCURIUS Capital Investment is looking to acquire half of a Thai private property developer, Grand Bay Hotel, for more than 335 million baht (S$14.69 million), as well as to jointly develop the Sheraton Phuket Grand Bay Resort, a resort in Phuket, Thailand. The Catalist-listed firm said in a bourse filing on Monday morning that it will buy a 50 per cent stake in Grand Bay from Thailand-listed real estate developer Apex Development…. Read more »

• Thailand’s three major airports High-speed rail project mired in land issues
  18 Jun 2019
  

  Thailand’s three major airports High-speed rail project mired in land issues Expropriation of buildings and homes along route behind schedule 16 June 2019 The high-speed train project to link up three major airports is still mired in land expropriation and eviction problems concerning 20% of the land required for construction despite it being expected to begin operation in five years. If the State Railway of Thailand (SRT) fails to hand over this part of land, approximately 2,000 rai, to the Charoen Pokphand Group (CP)-led consortium contracted to construct… Read more »

• 70 million baht to be spent on adviser/designer team for Pattaya’s state of the art tram project
  18 Jun 2019
  

  70 million baht to be spent on adviser/designer team for Pattaya’s state of the art tram project Pattaya Watchdog reported on Thursday that Pattaya City Hall is planning on spending 70 million baht in advisory and design work on the proposed tram project that is set to transform the popular resort. This comes after reports earlier in the week suggested that two companies were in line for the tender to build the city’s light train (tram) network. They have also scotched suggestions of an elevated train saying the… Read more »

• Chinese companies to build 400 MW power plant in Cambodia
  13 Jun 2019
  

  Chinese companies to build 400 MW power plant in Cambodia Electricite Du Cambodge yesterday signed an agreement with two Chinese firms to build a power facility fueled by heavy fuel oil and liquefied natural gas that will be able to generate 400 megawatts. The facility, which will be composed of two main plants, will be built in Kandal province’s Lvea Em district. The agreement signing ceremony was attended by the ambassadors of China, Germany, and Finland. Chinese firms CGGC-UN Power Co., Ltd and China National Heavy Machinery Corporation… Read more »

• Massive Chinese resort breaks ground on Cambodia’s Sihanoukville coast
  13 Jun 2019
  

  Massive Chinese resort breaks ground on Cambodia’s Sihanoukville coast Hotel and entertainment complex Prince Tian Xi Wan broke ground on Thursday in Sihanoukville. The company behind the project, Chinese property conglomerate Prince Real Estate Group, hailed the development as a “new landmark in the property sector in the coast.” According to a company announcement, works on the project’s foundation began in August last year, with the main construction work starting last week. “The foundation of the project has been laid, and now work is beginning on the main… Read more »