I confess to writing a misleading headline: iProperty Group, Australia-listed and Malaysia-based, did not pay $8 million or $6 million, in either Australian or US dollars, to purchase Thai real estate portal ThinkofLiving.com in February. As described by ThinkofLiving CEO Beam Toranavikrai earlier this week, the acquisition is complicated, involving an initial A$8 million cash-and-iProperty […]
Continue ReadingA new deep sea port at the heart of a massive construction project on the Myanmar coast could revitalise trade in Southeast Asia, but at a high cost Bangkok – Ma Nu May and her husband started a small cashew nut farm near the coastal town of Dawei in southern Myanmar seven years ago, but […]
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HSBC Bank (Vietnam) chief executive Pham Hong Hai (left) and HSBC Thailand chief executive Tan Siew Meng believe Vietnam offers opportunities for Thai firms. Retail and manufacturing are sectors where Thai corporations could engage in mergers and acquisitions (M&A) in Vietnam, while the banking and telecommunications sectors are considered other attractive M&A areas. Foreign businesses listed […]
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Mr Chumpol says state megaprojects make this the right time for EMC’s move. SET-listed construction firm EMC Plc plans to enter the property sector to capitalise on anticipated urbanisation and planned government infrastructure development. Chief operations officer Chumpol Issarangkura Na Ayutthaya said the move was in line with long-held intentions. It is also timely, as […]
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Parts of Bangkok are at risk of getting submerged permanent in the next 30 years because due to land subsidence coupled with rising sea level, said Associate Professor Vichitbusaba Marom, a town planning expert at Thammasat University, on Friday. She pointed out that sea level has been rising at an average of 5 mm annually […]
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Thailand property developer Sansiri ended 2014 on a strong note with revenue ranking among the industry’s top three performers – while at the same time leading the sales to expats and foreign investors. Founded in 1984, the publicly-listed group has reported firm sales of its broad range of condominiums, single and semi-detached houses, and townhouses. […]
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The government plans to revive a Western Seaboard project to link Myanmar’s Dawei economic zone to a new industrial zone in Prachuap Khiri Khan province. Sahaviriya’s steel plant in Prachuap Khiri Khan’s Bang Saphan district. The government wants to develop the Western Seaboard into a new industrial zone and link it to the Dawei project in Myanmar. […]
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SET-listed contractor Nawarat Patanakarn Plc (NWR) is jumping into property development with plans to launch three residential projects worth a combined 2.3 billion baht on the outskirts of Bangkok in 2015. President Polpat Karnasuta said property development would be the company’s fourth business following construction, pre-stressed concrete piles and pre-cast concrete manufacturing and steel fabrication. […]
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The construction of the Purple Line is underway and will be ready for the testing in September 2015. (Bangkok Post file photo) Industry analysts expect the Greater Bangkok property market will pick up in the second half of 2015. The growth will be driven by mass-transit lines that are due to start running in the […]
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Vipavan: Prospects for tourism bright Declining demand for watches is pushing C. Thong Panich Co to expand further into the hotel business. The authorised distributor of Citizen watches will spend 1.5 billion baht to build a hotel in Pattaya this year. Managing director Vipavan Mahadumrongkul said the five-star Renaissance Pattaya Hotel & Resort is now […]
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