Construction of the $2 billion, 133-story twin tower skyscrapers planned to rise opposite NagaWorld will start in the middle of this year, an official who helped design the project told Khmer Times yesterday. Tous Saphoeun, dean of the Architecture and Urban Planning Faculty of Mathematics, Sciences and Engineering at Pannasastra University, also said the massive […]
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Bangkok based factories for rent and condominium developer Chewathai Pcl expects to sell 262 million shares, equivalent to 35 per cent of its registered capital, through an initial public offering (IPO) by the end of March. Chewathai is a 51:49 joint venture between Thailand-based investors and TEE Development Pte Ltd, a subsidiary of Singapore’s listed […]
Continue ReadingSouth Korea’s TN Energy Co is teaming up with Lao State Fuel Co to set up a joint venture to produce bioethanol fuel called Power Gasoline (PG) for sale in the country. The joint venture, to be called Lao K-tech Co, will be established this year. The new company will be located at Dongphosy village […]
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SET-listed Grande Asset Hotels & Property (GRAND) has set its sights on owning 10 hotels by 2020 in a bid to sustain its revenue growth after a bumpy ride over the past five years. Newly-appointed chief executive Paisit Kaenchan said the company’s new mission was to balance revenue between its property and hotel businesses […]
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The top countries where expats adjust quickest are Bahrain, Malaysia and Mexico, according to newly-released data. Two thirds of those (66 per cent) moving to Bahrain feel at home within a year, making it the most welcoming place in the world according to a survey by HSBC Expat. Although the Foreign Office warns Britons in […]
Continue ReadingSETlisted developer Golden Land Property Development Plc (GOLD) has raised its annual land investment budget to 3 billion baht from the usual 1-2 billion after securing new funding in January. According to Somboon Wasinchutchawal, senior executive vice-president for finance and accounting, new funds worth 4.97 billion baht were made available following a capital injection by […]
Continue ReadingState Railway of Thailand calls for foreign-Thai JVs FOREIGN CONSTRUCTION companies are welcome to join the government’s infrastructure projects as long as they find a Thai partner, according to the State Railway of Thailand. SRT governor Wuthichart Kalyanamitra said yesterday that the authority was not preventing foreign firms from participating in the bidding for construction […]
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SET-listed Noble Development Plc plans to launch four new projects worth a combined 12 billion baht, aiming for 7 billion baht in presales by the end of the year. The company will have sales roadshows in Myanmar, Laos and Cambodia to tap demand for Bangkok condominiums. “Bangkok condos in the luxury segment are attractive to […]
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Myanmar agrees to change driving rules for highway The Narendra Modi government has persuaded Myanmar to pick left over right – not for its politics or economy but for the side of the road cars and trucks will drive down while using a three-nation motorway that also includes Thailand. India, Myanmar and Thailand have resolved […]
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Bangkok will have two more electric train routes linking the capital’s eastern suburb to the southern suburbs, and its neighbouring Samrong district of Samut Prakarn province. The two rail projects were given approval by the Public-Private Partnership Committee yesterday. PPP gave approval for plans to invest in the construction of the Yellow and Pink mono […]
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