Vietnam Considers VinSpeed’s $61 Billion High-Speed Railway Proposal Vietnam’s government is evaluating a substantial proposal from VinSpeed to invest in a $61 billion North-South high-speed railway. If realized, this project could significantly alter the country’s transport infrastructure. Deputy Prime Minister Tran Hong Ha has urged relevant ministries to submit their written feedback by May 19. […]
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Thai Oil Appoints Wood PLC as new Procurement & Construction Management (EPCM) firm for $5 Billion Clean Fuel Project in Thailand’s Laem Chabang Wood PLC responsible for overseeing and managing the entire project, including recruitment of new main contractor to replace the UJV group (had its contract terminated by Thai Oil) Read More: Thai Oil […]
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Vietnamese Government reveals massive $136 billion plan to change the way country is powered ‘Necessary and consistent with the reality and development direction’ – “Electricity demand will increase.” The Vietnamese Government announced plans to expand its electricity generation to support its fast-growing economy through renewable and nuclear energy. Doing so will also help the country […]
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State Railway of Thailand agrees to adjust the investment framework for the Red Line by 8.7 billion baht The SRT board has agreed to adjust the investment framework for the Red Line by 8.7 billion baht, paying compensation to private companies for design adjustments and time extensions to accommodate the costs of work according to […]
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Pattaya’s 345-Million-Baht Marina Parking Project Left Abandoned for 17 Years A long-abandoned marina parking project in South Pattaya has become a stark symbol of failed urban planning, poor project management, and wasteful public spending, with over 345 million baht of taxpayer funds yielding nothing but rust and rubble. The South Pattaya Marina Parking Facility, located […]
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Italian-Thai Development Posts Nearly 3 Billion Baht Loss in Q1 as Revenues Plummet Italian-Thai Development Public Company Limited (ITD), Thailand’s largest construction firm, reported a dramatic downturn in performance for the first quarter of 2025, with revenues nearly halved and a net loss approaching 3 billion baht. According to the company’s filing with the Stock […]
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New overpasses to ease traffic jams across Bangkok The Transport Ministry is planning to construct new overpasses in and around Bangkok to help ease traffic congestion across the capital. According to Phongkawin Jungrungreangkit, an adviser to the transport minister, the new overpasses will help enhance traffic flow in areas that are often plagued with traffic […]
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Thailand to amend tax on foreign income remittance The Revenue Department is preparing to draft legislation to amend the collection of tax on foreign income remitted to Thailand. According to Panuwat Luengwilai, deputy director-general of the department, Thais with income earned abroad who remit it to Thailand regardless of the tax year must include that […]
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Bidding documents for EGAT’s Vajiralongkorn Dam Floating Solar Project now available until June 20, 2025 EGAT is pushing ahead with the development of 50-MWac floating solar project at Vajiralongkorn Dam, Kanchanaburi Province. For those interested in fostering clean energy for the future, the bidding documents are now available for purchase until June 20, 2025, at […]
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State Railway of Thailand approves 181-day extension for construction of Muak Lek-Lam Takhong tunnel section of Bangkok-Nong Khai high-speed rail project Tunnel work on Sino-Thai rail project delayed The State Railway of Thailand (SRT) board has approved an 181-day extension of the civil engineering contract for the construction of the Muak Lek-Lam Takhong tunnel under […]
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