4.4 million Thais still earn less than 3,000 baht a month, says NESDC About 4.4 million Thai nationals are living below the poverty line now, dropping from 4.7 million during the Covid-19 crisis, the National Economic and Social Development Council (NESDC). Danucha Pichayanan, NESDC secretary-general, said 4.4 million people or 6.3 per cent of the […]
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Thailand and Laos Prime Ministers agree more connecting bridges over the Mekong river are needed Prime Minister Prayut Chan-o-cha and his Lao counterpart Phankham Viphavanh agree there should be more bridges linking their countries across the Mekong River, the government spokesman said. They also agreed on the need to link the Thai rail network with […]
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New Construction Adjudication Bill in Thailand – prioritising payments The Thai construction and engineering sector will soon introduce a significant new act which aims to promote project efficiency in relation to payments through a fast-track adjudication process. A draft bill, the “Act on the Settlement of Disputes regarding Payment in Construction” (the “Act”), is currently […]
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Bangkok Governor Chadchart will ask MRTA to carry out the Silver Line and Grey Line electric train projects Bangkok Governor Chadchart Sittipunt said on Wednesday he would ask the Mass Rapid Transit Authority of Thailand (MRTA) to take over two electric train projects. Chadchart said the Bangkok Metropolitan Administration (BMA) decided on Wednesday not to […]
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Foreign Direct Investment in Cambodia’s construction sector touches $334M Cambodia continued to receive substantial Foreign Direct Investment in the construction sector in 2021, despite the economic slowdown in the wake of Covid-19, showed the Asean Investment Report 2022. According to the report, FDI in construction rose from $260 million in 2020 to $334 million in […]
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Japan real estate developers see opportunities in Southeast Asia Japan-affiliated real estate developers are ramping up their efforts in Southeast Asia on the back of the area’s recovering economy. Though the novel coronavirus pandemic temporarily halted construction and sales, recent property-market splurges by the wealthy and middle-classes have helped spur economic activities, which are increasingly […]
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Thai and Lao Prime Ministers to lay foundation stone for new Mekong river bridge New bridge connecting Bueng Kan’s Muang district with Laos’s Bolikhamsai province The foundation stone for the fifth Thai-Lao Friendship Bridge will be laid by the prime ministers of both countries on October 28. Government spokesperson Anucha Burapachaisri said on Tuesday that […]
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Thai Cabinet backs expats owning land in Thailand Programme limited to wealthy foreigners The cabinet approved on Tuesday the Interior Ministry’s proposal to allow foreigners to hold land ownership of up to one rai (roughly 0.16 hectares) for residential purposes, though critics warned the move may trigger land speculation by foreign investors. According to government […]
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Thailand eyes new airport to boost tourism for Bueng Kan province, border trade with Laos An airport in Bueng Kan province will not only boost regional travel and promote trade but will also meet the Transport Ministry’s investment plans. The ministry, which oversees the Department of Airport, said this project is also significant because it […]
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Thailand’s Songkhla Lake bridge needs review The cabinet last week approved 6.6 billion baht for construction of two bridges in southern region — one of which raises fears about its impact on rare and endangered Irrawaddy dolphins in Songkhla Lake. The bridges will improve logistics and cut travel time, according to the Transport Ministry, which […]
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