Parkson Holdings Bhd, which last month made a S$138 million initial public offering (IPO) of its Southeast Asian unit in Singapore, is looking to expand its footprint into the Philippines, Thailand and Myanmar through acquisitions or greenfield projects as part of its plans to become one of the region’s largest department store chains. Parkson Holdings […]
Continue ReadingItalian-Thai Development Pcl, Thailand’s largest construction firm, said on Monday it expected to reach a conclusion in 2012 on how it would finance the Dawei deep sea port and infrastructure projects in Myanmar. Loss-making Italian-Thai has no plan to raise funds via an equity issue, but it planed to convert some land into capital and […]
Continue ReadingKorea Midland Power Co (Komipo) is making inroads in Thailand by forming a business alliance with SET-listed contractor Toyo-Thai Corp (TTCL) and acquiring a stake in small power producer Navanakorn Electric Co. Under a memorandum of understanding signed yesterday by Komipo, TTCL and Navanakorn Land (NLD), the alliance will explore business opportunities in power-related projects […]
Continue ReadingNatural Energy Development Company Limited (NED) is pleased to announce that Loburi Solar, a 73MW (DC) / 55MW (AC) solar farm, has successfully commenced commercial operation. Currently the world`s largest operating thin-film silicon solar energy project, the plant is the first solar energy project to have achieved Commercial Operation Date (COD) under the Small Power […]
Continue ReadingThai Tap Water Supply Plc (TTW), the country’s largest private tap-water supplier, will aggressively expand into the energy business, aiming at income from power to account for 35% within five years. As the market for water supply in Thailand grows saturated, TTW will begin booking revenue from power investments from the first quarter of next […]
Continue ReadingNEC Corporation (NEC; TSE6701) announced the signing of a multi-million dollar supply contract with the global consortium of communications companies, including NTT Communications, KT, Chunghwa Telecom, and others, to construct the Asia Pacific Gateway (APG) system, a high-bandwidth optical submarine cable system that will link 9 countries and territories in Asia. The signing took place […]
Continue ReadingThailand’s PTT Exploration and Production Pcl has won bids for two onshore petroleum blocks in Myanmar, Thai Energy Minister Pichai Naripthanphan said on Wednesday. “We won two, that’s for sure,” Pichai told reporters, adding that the blocks were close to the capital, Naypyitaw. Pichai returned to Thailand late on Tuesday after accompanying Prime Minister Yingluck […]
Continue ReadingLittle-known island destinations are stoking investor interest in the Zen paradise of Thailand Published in 1997, Alex Garland’s bestselling novel The Beach plugged a gap in the Generation X book market with its “new age” utopia tale of a disaffected back-packer in search of an exotic hideaway untouched by the cancer of tourism. It was […]
Continue ReadingDeputy Minister of Transport Kittisakdi Hathasongkorh recently vowed to support plans to expand Phuket’s Deep Sea Port, which have run aground over its environmental impact assessment (EIA) report. At a meeting at Phuket’s Deep Sea Port, Phuket Marine Office Chief Phuripat Theerakulpisut explained to Mr Kittisakdi that his office had been working for more than […]
Continue ReadingMyanmar opened a new international airport in its capital Naypyitaw Monday, with regional leaders the first to use the new facility that will handle up to 65,000 flights per year. Naypyitaw International Airport will be Myanmar’s third international facility after Mandalay and the commercial capital Yangon. The airport was developed by Burmese construction company Asia […]
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