THE Chinese government has agreed a soft loan for the construction of standard-gauge double-track lines in Thailand, which currently has a metre-gauge rail network. The agreement was signed at the Asia Pacific Economic Cooperation (Apec) summit in Beijing by the Chinese premier Mr Li Keqiang and Thailand’s prime minister General Prayut Chan-o-cha. Thailand will repay […]
Continue ReadingThailand-based ONYX Hospitality Group has experienced a record year in 2014 with nine property openings between January and September, equating to an average one opening per month. ONYX currently manages 51 properties, including 14 properties in development, ensuring its strategic plan to manage 81 hotels, resorts and serviced apartments by 2018 is on track to […]
Continue ReadingA new water park, the Vana Nava Hua Hin, gets flowing in time for tourism season Get ready to take the plunge as Asia’s first water jungle, the Vana Nava Hua Hin, turns on the tap next week. Home to 19 water rides, the amusement park is aiming to become one of the leading attractions […]
Continue ReadingBLEADNEY resident Jack Chalker, a British artist and prisoner of war on the Burma-Siam Railway, has died aged 96. Mr Chalker painted the atrocities that saw more than 12,000 Allied prisoners perish during the railway’s construction, along with at least 90,000 Asian labourers. Born on October 10 1918 in London, his father, Alfred, was a […]
Continue ReadingThe Transport Ministry has revived plans to build Bangkok’s east-west expressway, shelved for years due to opposition from Kasetsart University over a section running adjacent to the campus. The graphic of the earlier opposed expressway project on Ngam Wong Wan Road was presented to Kasetsart University on the road in 2012. (Photo by Surapol Promsaka […]
Continue ReadingMitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo; President and CEO: Masami Iijima) has signed agreements with Gulf Energy Development Company Limited (“GED”) to promote twelve gas fired cogeneration power projects (the “Projects”) in Thailand. Mitsui, through a special purpose company it newly established as an investment vehicle, will acquire 30% of the shares of […]
Continue ReadingCIMB Thai Bank is facilitating lending to Thai companies in renewable energy as it believes the prospects for the sector are bright in line with growing demand for electricity generation when the Asean Economic Community (AEC) is fully realised next year. The bank has been giving great importance to renewable energy and Thailand has potential […]
Continue ReadingVietnamese lawmakers have approved a law allowing broad foreign ownership of property, as the government seeks to boost an ailing real-estate market and accelerate economic growth. Foreigners with a valid visa as well as foreign companies and international organizations operating in Vietnam now will be permitted to purchase houses and apartments, according to the National […]
Continue ReadingThailand fully supported the construction of a new bridge to link the country with central Laos, Prime Minister Prayut Chan-o-cha said on Thursday. Prime Minister Prayut Chan-o-cha (left) talks with his Vietnamese counterpart Nguyen Tan Dung as they walk toward Mr Dung’s Cabinet Office in Hanoi on Thursday. Gen Prayut was in Hanoi after visiting […]
Continue ReadingWhy should Thailand be the one to act on the controversial Xayaburi hydropower dam on the Mekong River? Although the project is located in Laos, responsibility for this disaster-in-progress rests squarely with Thailand — and only Thailand can halt construction, by suspending the power purchase agreement (PPA) for the Xayaburi dam by our energy giant […]
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