Author: Peter Carlisle

Bangkok repays 2.3 billion baht in debt owed to BTS Skytrain Bangkok Governor Chadchart Sittipunt announced yesterday that the Bangkok Metropolitan Administration (BMA) had repaid its 2.3 billion baht in debt to the Bangkok Mass Transit System, commonly known as the BTS. It is hoped that this debt repayment will give the private sector confidence […]

Raimon Land preps launch three new luxury low-rise housing projects SET-listed developer Raimon Land plans to launch three new luxury low-rise housing projects worth a combined 16 billion baht, while selling the One City Centre office building to generate revenue more quickly, aiming to turn a profit next year. Korn Narongdej, director and chairman of […]

Asia Era One rail consortium presenting new proposal for revising the contract for the high-speed 3 airport rail line The Asia Era One rail consortium, led by the Charoen Pokphand Group, is presenting a new proposal for revising the contract for the high-speed rail line that links Don Mueang, Suvarnabhumi, and U-tapao airports, according to […]

Thai Ministry of Transport studying ways to lower expressway fees The Ministry of Transport is studying ways to lower expressway fees, with Transport Minister Suriya Juangroongruangkit stating that the study is expected to be completed in 2 months. One proposed method is to extend the concession periods. Currently, there are seven expressways, with three under […]

Factory and warehouse developer Prospect Development allocates B22bn for expansion in Thailand Bangkok Free Trade Zone 6 on Bang Na-Trat KM 19, with a leasable area of 81,000 sq m, is currently under construction, scheduled for completion by the second quarter of 2025. Factory and warehouse developer Prospect Development Co will invest 22 billion baht […]

Thai govt considers sanctions against Bangkok monorail operators of the city’s Pink and Yellow lines The Thai government is currently mulling over the enforcement of contractual remedies against Northern Bangkok Monorail and Eastern Bangkok Monorail, the operators of the city’s Pink and Yellow lines respectively. This move follows a series of incidents that have raised […]

Italian-Thai Development reports billion baht loss but is confident it can make a comeback Italian-Thai Development (ITD), Thailand’s largest construction company, submitted its 2023 financial statement to the Stock Exchange of Thailand (SET) this week, reporting that it suffered a loss of 1.07 billion baht in the past year. The figure is an improvement from […]