Construction 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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Mr Chumpol says state megaprojects make this the right time for EMC’s move. SET-listed construction firm EMC Plc plans to enter the property sector to capitalise on anticipated urbanisation and planned government infrastructure development. Chief operations officer Chumpol Issarangkura Na Ayutthaya said the move was in line with long-held intentions. It is also timely, as […]
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Parts of Bangkok are at risk of getting submerged permanent in the next 30 years because due to land subsidence coupled with rising sea level, said Associate Professor Vichitbusaba Marom, a town planning expert at Thammasat University, on Friday. She pointed out that sea level has been rising at an average of 5 mm annually […]
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Thailand property developer Sansiri ended 2014 on a strong note with revenue ranking among the industry’s top three performers – while at the same time leading the sales to expats and foreign investors. Founded in 1984, the publicly-listed group has reported firm sales of its broad range of condominiums, single and semi-detached houses, and townhouses. […]
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