Developers of The Palm luxury condominium project on Wongamat beach have put pen to paper in a 1.3 billion THB deal with the Lock-BUILD Group for the latter to begin construction of the twin tower development in north Pattaya. The Lock-BUILD Group is based in Bangkok and have many well known projects accredited to them […]
Continue ReadingCapacity gain to 60m slated for 2018 The long-awaited expansion of Suvarnabhumi Airport, which should have been completed by now, looks poised to commence this year. If all goes as planned, the 62.5-billion-baht programme, adding sorely needed capacity to the congested airport, will be a step closer to reality when a project management consultant (PMC) is […]
Continue ReadingPlans move ahead for Laos’s controversial hydropower project on the Mekong. In a controversial move, a Thai company has signed a nearly $2 billion dollar contract for the construction of a dam on the Mekong River in Laos even though governments in the region have not cleared the project. Ch. Karnchang informed the Thai stock […]
Continue ReadingThe Transport Ministry is poised to invest more in the construction of the Red-Line electric rail service. State Railway of Thailand (SRT) governor Yutthana Thapcharoen said that Transport Ministry officials and the SRT have in their latest meeting discussed an increase in the construction budget for the Red Line electric rail system, which runs a […]
Continue ReadingThe Cabinet has approved the building of the Patong Tunnel. Expressway Authority of Thailand (EXAT) assured it will be finished within 5 years. Mr.Aiyanut Tinapai, governor of EXAT, revealed Ministry of Transport has assigned EXAT to work on the tunnel design. EXAT is now going to inspect the area and discuss with construction advisors. The process […]
Continue ReadingA floating mosque and golf course for the submerging Maldives islands. Amphibious homes in the Netherlands lifted to safety as waters surge beneath them. A hospital perched on 400 stilts to protect patients from Thailand’s devastating floods and the encroaching sea. Around the world, architects and city planners are exploring ways mankind and water may […]
Continue ReadingUp to 100,000 firms may go under The increase in the minimum wage may force 100,000 small and medium-sized enterprises (SMEs) out of business or force them to relocate their factories, according to industry representatives. The daily minimum wage in Bangkok and six other provinces rose to 300 baht Sunday; the rate will be applied […]
Continue ReadingConstruction would start in as soon as two months, and the newly formed joint venture, KK Power, was in negotiations with Thai officials on the price at which the power would be sold, said Ly Yong Phat, now the JV’s CEO. He declined to comment on the company’s ownership structure. “We already agreed in principle […]
Continue ReadingA senior executive has again raised an important national issue that deserves serious attention. Toyota Motor Thailand vice-chairman Ninnart Chaithirapinyo told a seminar on Thai labour that it is time to raise the retirement age from its current 60, to 63 or 65. While Mr Ninnart was addressing a specific problem of a labour shortage, […]
Continue ReadingThailand will not hike value-added tax as recommended by the International Monetary Fund, said Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong. The IMF made the recommendation in light of the government’s plan to reduce corporate income tax rate to 23 per cent this year from 30 per cent. The decrease in corporate income tax […]
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