Mesa Thai takes 21.4% stake in Raimon Land to strengthen leadership position in luxury real estate development Mr. Kris Narongdej, Chairman of the Board of Directors of Raimon Land Plc., announced that Mesa Thai Pte. Ltd. now holds a 21.4% stake in the company by acquiring 893 million shares from existing shareholders. This makes Mesa […]
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Thailand’s Mass Rapid Transit Authority changes bid criteria for Bangkok’s Orange Line MRT project The governor of the Thailand’s Mass Rapid Transit Authority (MRTA) has confirmed that bid selection committee of Bangkok’s MRT Orange Line project has taken the decision to amend the bidding criteria, stating that the technical and price proposals need to guarantee […]
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Construction sector in Myanmar worried over work-from-home order Construction companies are worried over the impact of a national work-from-home (WFH) order as a result of COVID-19 on their businesses. “We have made arrangements in accordance with instructions from the authorities but as we can’t provide transport for every worker, construction work will be suspended if […]
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Pattaya pushes ahead with 2.9 billion baht “mega project” development of Bali Hai A public meeting in Pattaya chaired by deputy mayor Ronnakit Ekasingh was attended by 300 participants from the government and private sector. On the table after a study was completed is a mega-project costing almost 2.9 billion baht to develop the Bali […]
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Aman’s first urban hotel and residences in Thailand rises from Bangkok’s Nai Lert private gardens Development includes 52-suite hotel, private residences Prices start at about $1.4 million, almost half already sold In the middle of Bangkok’s concrete jungle, Aman, best known for its luxury beach resorts, is building its first urban hotel and residences in […]
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Vietnam advised to restart nuclear energy program With its energy deficit rising every year, several experts are advising Vietnam to reconsider the shelved nuclear power program. Nuclear energy is one of the recommendations made by experts as the Industry and Trade Ministry (MoIT) gathers public inputs for its 2021-2030 National Energy Master Plan. Tran Xuan […]
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Country Group Development puts new projects on hold but will still open two luxury hotels in 2020 SET-listed Country Group Development is freezing new development plans in the second half but says it will still open two luxury hotels this year. Chief executive Ben Taechaubol said the company this year will focus on Chao Phraya […]
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Thailand’s Prime Minister dusts off South Land Bridge plan between the Gulf of Thailand and the Andaman Sea Prime Minister Prayut Chan-o-cha on Tuesday ordered a new feasibility study into a proposal to build a land bridge between the Gulf of Thailand and the Andaman Sea, seen as a potential key part of a new […]
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Myanmar to build inland ports to improve river transportation The Ministry of Transport and Communications is planning to develop several inland ports at the Ayeyarwady River and Chindwin River, to improve inland logistics and river transportation, said Toe Aung Lin, a director at the ministry’s Directorate of Water Resources and Improvement of River Systems. New […]
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Germany’s Roland Berger to manage procurement process $1.5bn Myanmar development near Yangon The New Yangon City Development Company has hired German consultant Roland Berger to manage the procurement process for a $1.5bn urban quarter to be built on the west side of the Yangon River. The 8,100ha industrial-commercial zone was to have been built as […]
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