Singha Estate To Purchase Outrigger Phuket Hotel Thai-listed group Singha Estate has entered into an agreement to purchase the 255-room Outrigger Laguna Phuket Beach Resort through affiliated entities. In addition, the deal includes five other Outrigger flagged properties in Koh Samui Thailand, Maldives, Mauritius and Fiji. The portfolio outside of Phuket is Outrigger Konotta Maldives […]
Continue Reading
JCB appointment highlights ambition and investment in Southeast Asia Max Lytle has been appointed as Managing Director JCB Southeast Asia. In a move that reaffirms the global construction equipment manufacturer’s commitment to expansion in the region, he replaces Tom Cornell who is to take up the post of Managing Director – Export Sales, from JCB’s […]
Continue ReadingYongnam Holdings announces framework agreement to build Myanmar airport expires ENGINEERING and construction services provider Yongnam Holdings announced that a framework agreement to build a new Myanmar airport has expired, putting the future of the project in doubt. Yongnam, part of a consortium with JGC Corporation and Changi Airports International (CAI), said that the agreement […]
Continue Reading
ADB to finance B.Grimm Power’s Asean energy project The Asian Development Bank (ADB) signed a loan for $235 million to B.Grimm Power, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in Asean member countries. ADB’s financing will support B.Grimm Power’s implementation of the Asean Distributed Power Project, which […]
Continue Reading
Construction starts on Vietnam’s first petrochemical complex Prime Minister Nguyen Xuan Phuc gave the order to start construction on the Long Son Petrochemicals (LSP) Complex – the first of its kind in Vietnam – at a ceremony on February 24 in the southern province of Ba Ria-Vung Tau. The event also saw the presence of […]
Continue ReadingThailand’s High-rise oversupply set to crash down Editorial Bangkok Post editorial column Talk about a possible bubble in Thailand’s property market has been something that has been making its rounds for the past few years, but thankfully none of the market talks have yet materialised. The property market, which had been blamed for the 1997 […]
Continue ReadingAnanda Development eyes 16 projects this year SET-listed Ananda Development Plc (ANAN) plans to launch 16 projects worth a combined 35.1 billion baht this year and aims to have 34.9 billion baht in presales by the end of the year. Chief executive Chanond Ruangkritya said the new projects will comprise eight condominium sites and eight […]
Continue Reading
Singapore developer enters deal for new B579mn marina in Phuket The owner and operator of the ONE°15 Marina at Sentosa Cove in Singapore has bought a 60% stake in a Thai company that already has construction permits to build a B579 million 171-berth marina with adjoining 66-room hotel on 24 rai near the Phuket Deep […]
Continue Reading
Bangkok’s 11 electric train routes will be sufficient to serve people in the capital The government says all the electric train projects that it is implementing will be able to serve people in Bangkok after all are operational in 2022. Assurance of mass transport services in the capital was voiced by Deputy Prime Minister Somkid […]
Continue Reading
Thailand’s Coal-fired electricity projects deal struck PROTEST STOPS AS GOVT SIGNS AGREEMENT FOR INDEPENDENT ENVIRONMENTAL STUDY AS THE GOVERNMENT backed down, coal-fired power plant protesters yesterday announced victory and ended a hunger strike – although there were concerns that their disputes with a pro-coal group in their home provinces would remain. Shortly before the activists […]
Continue Reading