Vietnam has allowed a local investor to take over and restart a troubled port project near the central town of Nha Trang, six years after state-owned shipping giant Vinalines called it quits due to financial problems, local media reported on Monday. In the first stage of the project, Nha Trang Port JSC will spend VND417 […]
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IHG® (InterContinental Hotels Group) today announced the signing of a management agreement with Proud Resort Phuket Co., Ltd to develop InterContinental Phuket Resort, as part of a luxury community project, MontAzure, in the most exclusive area on Phuket’s stunning west coast marking InterContinental Hotels & Resorts’ debut on Thailand’s largest island. Scheduled to open in […]
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Mosques, religious, school, cemeteries would have to move. ACTIVISTS have voiced concern that a coal-fired power plant proposed for Thepa district in Songkhla will cause more violence in the Deep South – as mosques, a religious school and Muslim cemeteries would have to be moved to make way for the plant. They also claimed that […]
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Thai tycoon Charoen Sirivadhanabhakdi has secured the 58.6 per cent stake in Big C Thailand from French retailer Group Casino after a short bidding process. The controlling interest will be bought by Charoen’s holding company TCC Holdings which late last year bought the Metro Vietnam business from Germany’s Metro AG for €655 million and is […]
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The Purple railway line between Bangyai and Taopoon will start full test run in May and it will be operational in August to celebrate the birthday anniversary of Her Majesty the Queen, said Prime Minister Prayut Chan-ocha in his weekly Returning Happiness to the People programme Friday night. Then the prime minister gave the tentative […]
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The International Energy Agency’s (IEA) report on Southeast Asia sees 74 per cent of the region’s power coming from fossil fuels by 2040, with Indonesia and Vietnam supplying coal Firstly, commercial clean coal technology (CCT) does not exist. Globally, no CCT can compete in price with alternatives like solar and, at the same time, remove […]
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THIS is not the time for the government to be coy about what it wants in relation to joint development of the 873-kilometre medium-speed rail line in the Northeast. At the 10th Thai-China steering committee meeting scheduled for the end of this month in Beijing, Thailand should convince China to be responsible for at least […]
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The construction of 5th Lao-Thai Mekong Friendship Bridge, which will connect Laos’ Borikhamxay Province to Thailand’s Bueng Kan Province, is expected to begin in 2019, Lao News Agency reported. The survey and design of the bridge is now over 90% complete and the location for its construction has been determined, Head of the Road Management […]
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Chinese tourists to drive regional growth SET-listed Erawan Group Plc (ERW) is aiming to invest 10 billion baht to expand its hotel business, mainly in Thailand and the Philippines, over the next five years. The five-year investment plan for 2016-20 is expected to increase the company’s revenue to almost 10 billion baht by 2020. Of […]
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MHG International Holding (Singapore), a wholly-owned subsidiary of Thailand’s listed Minor International Pcl, has formed a 50:50 joint venture company with PT Wijaya Karya Realty to develop and operate hotel and residences in Indonesia. The new company, PT Wika Realty Minor Development, has a registered capital of 260 billion Rupiah, divided into 260,000 shares with […]
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