Bangkok to see over 6,800 new hotel rooms in 2025 Multiple delayed projects will materialise this year. According to a JLL report, three new hotels were completed in Bangkok in Q4 2024, adding 712 rooms to Bangkok’s existing supply. Openings comprise the 332-key Queensland Hotel Bangkok, the 260-key Ritz-Carlton Bangkok at One Bangkok and the […]
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Vietnam sets out plans for $10bn Mekong Delta railway Vietnam’s Ministry of Transport has announced that work will begin before 2030 on a railway through the Mekong Delta provinces south of Ho Chi Minh City (HCMC). The 175km line will connect six provinces in the southern region, which grows about 90% of Vietnam’s rice exports. […]
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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 […]
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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 […]
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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 […]
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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 […]
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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, […]
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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. […]
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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 […]
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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 […]
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