Funds, contractor for 410-megawatt hydropower plant ready to go ahead Ratchaburi Electricity Generating Holding expects construction on the 410-megawatt Xe-Pian Xe-Namnoy hydropower plant in Laos to commence by the end of this year, as a prime contractor and financing are now in place. The developer and operator of the Bt32-billion project is Xe-Pian Xe-Namnoy Power […]
Continue ReadingMyanmar is allowing international investors to bid for a mammoth project to develop a special economic zone in its southernmost region following the withdrawal of the sole developer, a Thai company, which had been unable to secure partners for the venture, an official said Monday. Chairman of the Management Committee of Dawei SEZ Han Sein […]
Continue ReadingA Thai construction company is entering a joint venture with a Chinese firm to bid for the construction of dual rail tracks under the government’s mega infrastructure plans, tentatively scheduled to kick off next year. Pasit Leesakul, director of TRC Construction Co, said the private sector is anxiously waiting for the launch of the development […]
Continue ReadingThe onshore distribution of natural gas in Thailand will be liberalized by mid-2014, the country’s Energy Regulatory Commission said Friday. A new regulation being finalized will enable third-party distribution of gas in Thailand, which is currently under the sole distribution of state-controlled PTT, the ERC said. The ERC is an independent body whose regulations do […]
Continue ReadingThe Mass Rapid Transit Authority of Thailand board on Friday approved the construction of a line from Mor Chit to Khu Kot with bids to be called early next year. The estimated cost of the 28-kilometre Green Line is 29 billion baht. Bids will be divided into four contracts, board chairwoman Ratchanee Treepipatkul said after […]
Continue ReadingBurma is set to wrest control of its Dawei industrial complex from a Thai company, Italian Thai Development (ITD), over its failure to attract investors to a strategically located, multi-billion dollar project tipped as a game-changer for regional trade. According to two sources involved in the Dawei Special Economic Zone (SEZ), plans have been overhauled […]
Continue ReadingMozambique has picked a Thai construction firm as the preferred developer of a $3 billion railway and port project to boost coal exports, a senior government official told Reuters. Bangkok-based Italian-Thai Development Pcl will construct the 525 km (325 mile) rail line from Tete province to Macuse in Mozambique’s Zambezia province and a port able […]
Continue ReadingThailand leads the way when it comes to quality of life and a good social scene, while Switzerland is top for making money and Germany for raising children Thailand is the easiest place in the world for expats to make friends and have an active social life, a survey has revealed. If the focus is […]
Continue ReadingTHAILAND RANKS near the bottom in an English proficiency survey, showing the persistence of one of the key competitive weaknesses of the Thai economy. Out of 60 countries and territories where English is not their mother tongue, Thailand manages only 55th place – outdoing only Panama, Kazakhstan, Algeria, Saudi Arabia and Iraq, according to the […]
Continue ReadingThe 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 […]
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