Russia and Myanmar sign investment agreement for Dawei Special Economic Zone, including port and oil refinery projects Myanmar and Russia have signed an agreement to cooperate on investments in the Dawei Special Economic Zone, which includes a port and an oil refinery, according to a statement by the Russian Ministry of Economic Development on February […]
Continue Reading
Bangkok office market to take years to recover, experts warn The oversupplied Bangkok office market will take at least five years to return to a balanced state, with several projects postponed without a definite timeline, according to property consultancy Cushman & Wakefield. Aukit Pronpattanapairoj, head of office leasing, said the oversupply in Bangkok’s office market […]
Continue Reading
Chinese firm Shanxi Institute wins bid for $230M solar project in Prey Veng, Cambodia Location of the proposed solar power plant marked within the satellite image. Shanxi Institute has won an EPC bid for a 250MW PV power project in Prey Veng, Cambodia. China Energy Engineering Corporation Shanxi Institute, a subsidiary of China Energy Engineering […]
Continue Reading
Thai Property developers request property measures – urge the government to quickly extend stimulus measures from 2024 to 2025 Eased LTV limits is another goal The government should extend property measures and relax loan-to-value (LTV) limits for second- and third-time buyers, as domestic demand is expected to remain weak in 2025, according to developers and […]
Continue Reading
Transport ministry looks to Swiss port operator Terminal Investment Limited (TiL) for Laem Chabang expansion Discussions held this week with Terminal Investment Limited focus on investment in the phase 3 development of the deep-sea port Thailand is courting Swiss port operator Terminal Investment Limited (TiL) for potential investment in the expansion of Laem Chabang Port, […]
Continue Reading
Peninsula Hotels Writes Off ‘Hopeless’ Yangon Project The luxury Peninsula Hotels chain has abandoned a stalled US$130 million project in the heart of Yangon, saying it has no future in junta-ruled Myanmar. The project was to have been a joint venture with detained Myanmar tycoon Serge Pun’s Yoma Group, which held a 30 percent stake. […]
Continue Reading
Vietnam to develop offshore wind power after 2030 The Vietnamese Ministry of Industry and Trade has proposed delaying the development of offshore wind power until after 2030, instead of meeting the initial target of 6,000 MW within the next five years. At a meeting of the appraisal council for the revised National Power Development Plan […]
Continue Reading
From ICONSIAM to One Bangkok: Mentabuild, the consultancy firm behind Thailand’s most ambitious developments If you’ve ever set foot in Bangkok and looked up at its towering skyline, there’s a good chance you’ve seen Mentabuild’s work, whether you realised it or not. Founded over 40 years ago, this construction consultancy firm has played a big […]
Continue Reading
Bht4bn sought for Nakhon Ratchasima (Korat) light railway transit system Nakhon Ratchasima: Local authorities will ask for about 4 billion baht from the government to fund the province’s light rail transit system, the construction of which is expected to begin next year. The province’s sub-committee on land transport has opted for a light rail system […]
Continue Reading
Rama II roadworks to finish ‘this year’ in 2025 All construction projects along Rama II Road, also known as Highway 35, will be completed by the end of the year, according to the Transport Ministry. The first — the Rama III-Dao Khanong-Western Outer Ring Road expressway project, which is under the supervision of the Expressway […]
Continue Reading