The cabinet yesterday approved several economic stimulus packages that include the construction of the Pink and Yellow electric rail routes. Finance Minister, Apisak Tantiworawong said the packages has been proposed by the Finance Ministry. He said the Pink Line will connect Khae Rai in Bangkok’s west to Minburi in the eastern part of the capital. […]
Continue ReadingThe Myanmar Investment Commission (MIC) approved 48 projects at its meeting on March 25. The MIC’s decisions have been criticised as some of the approved projects belong to companies related to two of former President Thein Sein’s economic advisors—Khin Maung Aye and Ko Ko Gyi. Furthermore, some companies had up to five projects approved that […]
Continue Reading
Competition in the warehouse market, particularly in Samut Prakan and the Eastern Seaboard, is expected to heat up this year as local developers get in on the act, according to property consultant Knight Frank Thailand Co. Increased investment in warehouse projects outside traditional areas is also expected, thanks to the government’s planned 2-trillion baht investment […]
Continue Reading
Thailand’s Cabinet on Tuesday (March 29) approved a 111 billion baht (S$4.3 billion) project to build two new rail lines in the Thai capital, part of a wider infrastructure push by the ruling junta as it seeks to boost a sluggish economy. Thai Transport Minister Arkhom Termpittayapaisith said the Cabinet approved construction of a Pink […]
Continue Reading
Siemens has a strong focus on ASEAN, and under its local-for-local concept, the multinational firm seeks to answer customers’ power needs by mixing local resources with its proven international expertise. “Where the customer needs us, we are acting accordingly to build up our local resources,” said Markus Lorenzini, President & CEO Siemens Thailand, Myanmar & […]
Continue Reading
When a democratically elected Burma president takes office this week after decades of military rule, some will be toasting the historic moment with a beverage decidedly not paired with this tropical, Southeast Asian nation: surprisingly high-quality, locally produced wine. They might pour themselves an Aythaya Sauvignon blanc (“internationally competitive,” says one wine critic), a Shiraz-based […]
Continue Reading
Myanmar is moving forward with plans to build the 66-MW Maingwa hydroelectric project on Nantlway Creek in area controlled by National Democratic Alliance Army. Myanmar’s Ministry of Electric Power (MOEP) and special-purpose company, Shan State East Development Company Ltd., signed a contract on March 22 under a build-operate-transfer (BOT) system to implement the Maingwa project […]
Continue ReadingThai paint manufacturer TOA Paint (Thailand) plans to invest at least 1 billion baht (about $28.2 million) in three new factories in Cambodia, Myanmar and Indonesia, according to a report in Thai newspaper The Nation. Pongcherd Jemeekornkul, the president of TOA Paint (Thailand), told the paper that after establishing its sales representative offices and warehouses […]
Continue ReadingTHE DEMOCRAT Party yesterday formally asked Prime Minister Prayut Chan-o-cha to have his government review the Sino-Thai high-speed-rail project, claming it could not be justified economically. While supporting investment in development of the country’s rail system in general, and proper investment in the high-speed-rail project, Democrat Party leader Abhisit Vejjajiva said in the letter to […]
Continue Reading
RANGOON — After months of delay, a fourth telecoms operator has been approved for a license, said Win Than, Deputy Minister of Communication and Information Technology, in Naypyidaw on Friday. The telecoms license was awarded to three shareholders: Myanmar National Telecom Holding Public Ltd., formed from 11 private companies; Viettel, a Vietnam-based telecoms operator; and […]
Continue Reading