Steel girders jut from the low skyline of the Thai city of Udon Thani near the Laos border as workers lay cement for a new shopping mall, one of many illustrating a boom in the Thai economy beyond the bright lights of Bangkok. The malls, factories and construction sites in Thailand’s northeast are emerging alongside […]
Continue ReadingThey were built to symbolize the city’s prosperity and vision. But after years of abandonment, stalled development or economic crisis, some of the world’s most amazing buildings have fallen into ruin and instead come to epitomize national struggle. From Thailand’s 49-storey Sathorn Unique which was abandoned after the 1997 financial crisis to Venezuela’s luxury skyscraper-turned-world’s […]
Continue ReadingMajor trading house Marubeni Corp. announced June 14 that it will work with a Thai company to develop new independent power producer (IPP) projects in Thailand and neighboring countries such as Laos, Myanmar and Cambodia. Marubeni executed a memorandum of understanding on June 13 with Global Power Synergy Co., a subsidiary of PTT Public Co., […]
Continue ReadingA veteran real-estate valuer on Wednesday played down reports that land prices in the Siam Square-Chidlom-Phloenchit area have risen to a record two million baht per square wah, saying the figure was exaggerated. The most expensive land in Thailand is found around Siam Square, Chidlom and Phloenchit. Sopon Pornchokchai, president of the Agency for Real […]
Continue ReadingIn a few months, impoverished Myanmar plans to start pumping roughly $45 million worth of oil and gas a day from the Bay of Bengal to China by pipeline. The vital fuel for China’s growing economy will bypass the Malacca Straits and U.S. ally Singapore. It will mostly also bypass Myanmar. Though rich in natural […]
Continue ReadingFour companies will probably take part in an electronic auction to supply 115 train carriages worth more than 4.9 billion baht to the State Railway of Thailand (SRT). The bidding results are expected to be known in August. The SRT is in the process of checking the qualifications of firms vying to produce the 115 […]
Continue ReadingBangkok-based hospitality services provider Absolute Hotel Services on Monday announced entry of its budget hotel brand ‘Eastin Easy’ into India. “It is our first Eastin Easy brand hotel to debut in India. With this, we have four hotels operating in the country under different brand names,” Absolute Hotel Services CEO Jonathan Wigley said. The company […]
Continue ReadingThe Bangkok Metropolitan Administration (BMA) is expediting plans to construct over 100 new septic tanks and cesspools in the capital’s Chatuchak, Bang Sue and Dusit districts in preparation for a new underground wastewater system. The BMA’s Department of Drainage and Sewerage is rerouting the sewage pipe system in areas which include Prachachuen Road and Pracharat […]
Continue ReadingCriminal proceedings are to be launched against officials and contractors who oversaw the renovation of a suspension bridge in Ayutthaya prior to its deadly collapse in April, after the Engineering Institute of Thailand (EIT) yesterday confirmed an initial finding that the collapse resulted from the use of substandard cables. Five people were killed and many […]
Continue ReadingLaos is set to formally launch construction of an ambitious high-speed railway linking the country’s western border with Thailand to Vietnam in August, an official said Thursday, following the completion of a feasibility study by a Malaysian company that will construct and operate the project. A groundbreaking ceremony for the railway will be held in […]
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