US hoteliers Marriott International and Starwood Hotels have agreed a $12.2bn (£8bn) deal to create the world’s biggest hotel company. Combined, the two firms have more than 5,500 hotels with 1.1 million rooms and $2.7bn in revenue. The two boards have “unanimously agreed” to the deal, under which Marriott will buy Starwood. The tie-up will […]
Continue ReadingTWO coal-fired power plants planned for Krabi and Songkhla’s Thepha district are a crucial part of the national energy strategy to diversify power generation options, as well as reduce electricity costs and enhancing energy-supply security, a senior Energy Ministry official said last week. Twarath Sutabutr, head of the Energy Policy and Planning Office, said the […]
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Baan Mai Khao, a five-storey condo project in Phuket with a total of 206 units with 70 units remaining for sale, is one of the projects included in Sansiri’s rental yield guarantee programme. PHUKET: SET-listed developer Sansiri Plc has launched a rental yield guarantee programme to tempt buyers and stimulate sales for some 800 unsold, […]
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The MRTA has promised that if it can “develop” underground stations by putting stores into this picture, it will reduce fares on the subway system. (Photo by Pornprom Satrabhaya) Grocery outlets at subway stations, and reduced fares for commuters are envisaged after the Transport Ministry agreed to amend a law to allow business development at […]
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Thailand’s listed power producer Ratchaburi Electricity Generating Holding PCL (RATCH) plans to invest around $1 billion in power plants in Indonesia, Laos and China, a top official with the company said. The company expects its aggressive investment to double its electricity production capacity to 8,000 megawatts, increasing its enterprise value from the current level of […]
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The US$3.5 billion Xayaburi hydroelectric project is 60% complete. It is the first of 11 projects proposed for the Lower Mekong River in Southeast Asia as part of Laos’ plan to become the “battery of the region.” The Loa and Thailand governments began building the project in 2012 and published reports indicate it is now […]
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BTS trains on the track above Sathorn Road close to Chong Nonsi station. (Bangkok Post file photo) Two new stations are to be added to Bangkok Mass Transit System’s skytrain service to ease crowding at existing stations, with the first planned for Sathorn Road. Deputy Bangkok governor Amorn Kitchawengkul said the new stations had been included in […]
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The Bangkok Metropolitan Administration (BMA) is building a road by Bang Khen canal to ease traffic congestion on Phahon Yothin Road during construction of the Green Line electric rail extension. Steamrollers roll along a new road being built by the Bang Khen canal. The road will act as a bypass to ease traffic on Ngam […]
Continue ReadingRatchaburi Electricity Generating Holding has announced its short-term business plan, with the aim of boosting enterprise value and maintaining shareholders’ returns. The three main approaches are exploring new investments, managing efficiency of main power plants and completing construction of new plants as planned. The business plan aims to push the enterprise value to Bt188 billion […]
Continue ReadingTalesun modules in situ. The company has begun production at a new facility in Thailand. Image: Talesun. PV manufacturer Zhongli Talesun has become the first of a wave of Chinese firms planning to establish manufacturing operations in Thailand to begin production in the Southeast Asian country. The company said this week that it had begun […]
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