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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Thailand’s Tycoons’ fortunes take a dive from the coronavirus pandemic Even the extravagantly wealthy are feeling the pinch from the coronavirus pandemic, as members of Forbes Thailand’s 50 richest list saw US$28 billion erased from their combined wealth, an 18% decline to a total of $132 billion. Despite the government’s announcement of a $16 billion […]
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Japan to provide ¥47 billion for two Myanmar infrastructure projects For first phase of Yangon-Mandalay Railway Improvement Project and third phase of Thilawa Special Economic Zone infrastructure development The Japan International Cooperation Agency (JICA) and Myanmar’s government on Tuesday agreed to official development assistance (ODA) loans to contribute to economic and social development through improvements […]
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Workers protest at Yoma Central construction site to demand paid leave during the Myanmar Thingyan holiday (Songkran) Update 1: Workers at the Yoma Central project gathered Tuesday at the entrance of the construction site in downtown Yangon to demand paid leave during the Thingyan holiday, despite the suspension of work amid the rising number of […]
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Vietnam’s key North-South Expressway project sees revised plan The plans for Vietnam’s key North-South Expressway project are being amended. The Vietnam Government has said it intends to change its plans for three sections of the North-South Expressway. Instead of being carried out under the PPP model, these will now be handled under a public investment […]
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Pandemic brings Cambodia’s real estate activity to near nil The ongoing Covid-19 pandemic has hammered the sales of land plots around the Kingdom. Hong Menea The value of Cambodian real estate has not shown signs of decline in recent weeks, despite the Covid-19 pandemic bringing market activity to a virtual standstill, industry insiders said on […]
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Two China-Laos Railway bridges complete closure over Mekong River The Ban Ladhan Mekong River Super Major Bridge on Wednesday (April 1) achieved its main section closure over the Mekong River, and thus, major engineering works on both cross-Mekong bridges along the railway have been completed. According to the Laos-China Railway (LCRC), a joint venture in […]
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PTT to to continue gas production in Myanmar to maintain Thailand’s gas output Energy policymakers have ordered national oil and gas conglomerate PTT Plc to continue gas production in Myanmar during the Songkran holiday to avoid an electricity interruption from surging demand from home workers. Imported gas from Myanmar’s Yadana, Yetagun and Zawtika blocks account […]
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‘Largest onshore rotors in Asia’ as GE wins Mui Ne wind farm project in Vietnam US group to deliver 5MW Cypress machines to second phase of project developed by regional partners GE Renewable Energy has won a turbine deal in Vietnam that’s said to see the largest rotors yet to be deployed in Asia. The […]
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Myanmar’s construction sector contracts 30% due to COVID-19 pandemic Industry insiders say that the country’s construction sector has slowed by around 30 percent due to the COVID-19 pandemic. “There are construction projects that have been suspended due to a shortage of imported building materials and some have been stopped temporarily due to cash flow problems. […]
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