The Cabinet approved big changes in the individual income taxation structure. In the executive decree, the maximum tax rate is lowered from 37 per cent to 35 per cent while tax brackets are expanded from five to seven during the 2013 and 2014 tax years. Under the new brackets, the minimum 5 per rate will […]
Continue ReadingThere is no doubt that, if left to stand for the next thousand years, the yet-unborn generations of Thais would be debating the possible purpose of hundreds of concrete pillars that lined the stretch of railroad in northern Bangkok. For the moment, though, the towering concrete slabs – appropriately nicknamed by many as ′Bangkok Stonehenge′ […]
Continue ReadingThailand’s property market may enjoy a 10 per cent growth this year, an expansion by 120,000 housing units, according to the Government Housing Bank (GHB). Samma Kitsin, director of the GHB Real Estate Information Centre, said there were 32,000 newly-built housing units in the first three quarters of the year and the figure will rise […]
Continue ReadingJapanese construction company Obayashi has been awarded a contract to provide civil engineering works for the 288 MW Nam Ngiep 1 hydropower project in Laos. The project is being developed by Nam Ngiep 1 Power Co. Ltd., which includes KPIC Netherlands B.V., the Electricity Generating Authority of Thailand (EGAT), and Lao Holding State Enterprise (LHSE), […]
Continue ReadingParts of Southeast Bangkok sinking by up to 28mm a year, seminar told Due to extensive use of groundwater, land subsidence in Bangkok has reached a worrying level with instances more than doubling in neighbouring Samut Prakan, a seaside province, which is also losing land at an unusually high rate to coastal erosion, a Chulalongkorn […]
Continue ReadingINSTEAD of putting aside Bt30 billion to build a new coal-power plant in Krabi, the Electricity Generating Authority of Thailand (Egat) should make energy consumption more efficient in the near future, experts say. “There is no need to build a new coal-power plant or any other kind of power plant for the next 10 or […]
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One of Thailand’s leading steel companies, NS BlueScope (Thailand) Limited is working in partnership with the global Konecranes group to increase the productivity and efficiency of their busy plant in Rayong, while minimising downtime. 10 Electric Overhead Travelling (EOT) cranes with lifting capacities of up to 30t and SM or XL trolleys are installed […]
Continue ReadingSiemens Energy has received orders for a total of 20 SGT-800 industrial gas turbines from Thailand. The turbines will be used in various combined cycle cogeneration power plants within the country. The contract is part of the Thai government’s program to support small power producers. The end customers are the Thai independent power producers Amata […]
Continue ReadingBina Puri Holdings Bhd has entered into a joint venture (JV) with Thai-based UFUN Group Ltd and a Chinese investor Tang Cong Shu to develop Bangkok Marina Resort & Spa in Thailand, which has an estimated gross development value (GDV) of 2 billion baht (RM200 million). Bina Puri, via 49%-owned associate Bina Puri Holdings (Thailand) […]
Continue ReadingTHE ASIAN market is growing rapidly and the region is important for Hitachi’s operations, its president Hiroaki Nakanishi said recently. The Japanese company has also increased its business activities in many Asian countries that need to expand their infrastructure base. “Thailand is the top investment destination of Hitachi in the Asean region. The country is […]
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