MAGNOLIA Quality Development Corporation plans to take its real-estate design arm for both commercial and residential projects to China. “China is a huge market with a population of about 1.4 billion, 20 times as big as Thailand. Such a huge market holds great potential for the real-estate industry,” chief executive officer Visit Malaisirirat said yesterday. […]
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The Transport Ministry has agreed to cap the cost of the Bangkok-Nakhon Ratchasima high-speed train project at 179 billion baht after months of arguments with Beijing on the final figure. The 12th meeting between Thai and Chinese authorities on the joint 252.5km rail project failed to come up with a clear cost estimate, but “the […]
Continue ReadingRepresentatives from Thailand and China have agreed to begin construction of the Bangkok-Nakhon Ratchasima high-speed rail line on the first 3.5-kilometer section within September this year. Thai Minister of Transport Arkhom Termpittayapaisith has held a discussion with Mr Wang Xiaotao, Vice Chairman of the National Development and Reform Commission of China, as part of the […]
Continue ReadingHigh rise buildings that were ordered to temporarily cease construction and reduce floor levels were identified after inspections by the Finance, Planning and Economic Committee, that everything is kosher. The committee has submitted its findings on 12 construction sites to the Yangon Regional government, suggesting that there should not be any legal action taken against […]
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New 79-room mountain resort to open on fringes of UNESCO-listed nature reserve Dusit International has unveiled plans to open a new hotel close to Thailand’s UNESCO-listed Khao Yai National Park. Scheduled to welcome its first guests on 2 August 2016, the new dusitD2 Khao Yai is being billed as a “chic mountain resort” located just […]
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Long regarded as one of Asia’s least dynamic property markets, Vientiane is now giving lie to its sleepy reputation. But is the city equipped to service a full-scale boom? Vientiane is a city that has never lacked in tropical charm. Monks in saffron robes flit between gold-spired temples, while the mighty Mekong River provides an […]
Continue ReadingJapan plans to provide Thailand with ¥167 billion ($1.6 billion) in loans for a railway project, Foreign Minister Fumio Kishida told his Thai counterpart, Don Pramudwinai. Kishida said he hopes the project will ease traffic jams and reduce air pollution in Bangkok during their talks Tuesday on the sidelines of a series of regional meetings […]
Continue ReadingThailand’s cabinet approved construction on Tuesday of two Bangkok railway lines worth 44.16 billion baht ($1.26 billion), part of a larger infrastructure initiative by the ruling junta as it seeks to revive the sluggish economy. The lines are among some 20 infrastructure projects worth 1.4 trillion baht ($40 billion) that the military government hopes to […]
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The Cabinet has given the green light to the construction of additional segments of the Red Line suburban railway system, with the bidding process expected to take place this August. Vice Minister to the Prime Minister’s Office Kobsak Pootrakul made known that the Cabinet has agreed to a proposal by the State Railway of Thailand […]
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Foreign companies will soon be invited through a public tender to build low-cost housing projects in Yangon Region, according to the Ministry of Construction. This will mark the first time foreign contractors are given access to the affordable housing sector in Myanmar. Ministry officials have said they will prioritise building housing for the poor, after […]
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