MASS Rapid Transit Authority of Thailand (MRTA) awarded four contracts worth a total of Baht 28.8bn ($US 888m) on April 3 for construction of the 19.5km northern extension of the BTS Skytrain Sukhumvit Line from Mor Chit to Saphan Mai and Khu Kot. Italian-Thai Development has been awarded a contract worth Baht 15.3bn to carry […]
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C&IT’s Venue of the Week is the new Sheraton Samui Resort, which opened last week on Koh Samui in Thailand. Sheraton opens new Thailand resort The 141-room Sheraton Hotels & Resorts property, located in Chaweng Noi beach on Koh Samui island, includes four bars and restaurants serving both eastern and western cuisines, two salt-water swimming […]
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Thai Airways International & PTT Public Company Limited – Thailand’s two most ideal employers for 2015 For the second year in a row Thailand national flag carrier Thai Airways International (TAI) has been voted the country’s most “ideal” employer by business students, while those studying engineering have nominated State-owned oil and gas company PTT Public […]
Continue ReadingConstruction of the extended section of the Green Line rail route from Mor Chit to Pathum Thani will start in June this year, but is only expected to relieve traffic congestion in northern Bangkok in five years. Until the rail route eases traffic, the area will suffer a deterioration in traffic conditions, especially when the […]
Continue ReadingThe total amount of the contract is €950 million in total, with Alstom’s share of the contract worth approximately €520 million. The contract will be carried out on an Engineering, Procurement and Construction (EPC) basis. This new unit will replace existing units 4-7 and will make Mae Moh the first lignite-fired power plant in Asia […]
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SIAM PIWAT CO will invest more than Bt4 billion in its first overhaul of Siam Discovery, the company’s strategic shopping complex on Rama I Road, to respond to tougher competition in the Bangkok shopping-mall arena and a rebound in foreign-tourist arrivals. This will be the first ever major facelift of the 18-year old shopping complex. […]
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Harald Link and daughter Caroline find time for polo with British and Asian royalty. Credit: Peter Charlesworth for Forbes By Brian Mertens If all goes as planned, B. Grimm & Co. will, within a handful of years, become Thailand’s first industrial conglomerate headed by a young, blonde-haired Thai who is the polo-playing daughter of […]
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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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