Coronavirus Delays Construction on 90 percent complete Lao-China Railway

Coronavirus Delays Construction on 90 percent complete Lao-China Railway The nearly-finished railway project that would connect landlocked Laos with China is facing construction delays due to manpower shortages resulting from the coronavirus crisis, according to local government officials. Laos, which reported its first two confirmed cases of the deadly virus only late last month, had […]

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Electrical appliance manufacturers Haier Electrical and Midea Group on track with Thai expansion

Electrical appliance manufacturers Haier Electrical and Midea Group on track with Thai expansion Thanes Bin-a-sun, senior vice-president of Haier Electrical Appliances Thailand, an arm of Haier Group. The company has allocated 30 million baht for a marketing campaign to stimulate spending this summer. Despite the unabated spread of the coronavirus, two giant Chinese air conditioner […]

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AboitizPower terminates $46m acquisition of Vietnam’s Mekong Wind

AboitizPower terminates $46m acquisition of Vietnam’s Mekong Wind Philippine-listed electricity giant Aboitiz Power Corp (AboitizPower) announced that its planned acquisition of Vietnam’s Mekong Wind has been terminated because some of the conditions of the deal were not met. “A condition precedent was not delivered, and the completion of the acquisition was not completed by the […]

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Vietnam’s HCM City to suspend work on non-urgent construction projects

Vietnam’s HCM City to suspend work on non-urgent construction projects HCM CITY — HCM City has suspended non-urgent construction projects until April 15 in an aim to strictly follow nationwide social distancing rules amid the COVID-19 pandemic. The city’s Department of Construction has sent an urgent document to people’s committees in 24 districts and relevant […]

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Laos Ministry Orders Temporary Suspension of Mining Activities, Hydropower Construction

Laos Ministry Orders Temporary Suspension of Mining Activities, Hydropower Construction Ministry of Energy and Mines Suspends Mining and Hydropower Activities The Lao Ministry of Energy and Mines has ordered the temporary suspension of mineral processing plants and hydropower construction projects under a new notice issued yesterday. The notice, signed by Vice Minister of Energy and […]

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Thailand’s Stark Corporation acquires Vietnamese cable makers for $240m

Thailand’s Stark Corporation acquires Vietnamese cable makers for $240m Stark Corporation PCL of Thailand is acquiring Vietnam-based Thinh Phat Cables (Thipha) and Dong Viet Non-Ferrous & Plastic (Dovina) for a combined enterprise value of $240 million. The transaction will be implemented by Stark Corporation’s subsidiary Phelps Dodge International, the SET-listed firm said in a stock […]

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Ascott to open Somerset-branded Somerset Rama 9 Bangkok serviced apartments in Bangkok

Ascott to open Somerset-branded Somerset Rama 9 Bangkok serviced apartments in Bangkok The Ascott Limited will open a new 445-unit serviced apartment property in Bangkok, Thailand. The company said Somerset Rama 9 Bangkok is “opening soon” in Ratchadapisek-Rama 9, the new Central Business District of Bangkok. It will also be within walking distance from several […]

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