Thailand has selected four winners for water management projects worth around 290 billion Thai baht ($9.5 billion) aimed at preventing a repeat of devastating floods in late 2011. The flooding cut Thailand’s economic growth to just 0.1 percent in 2011 but the water projects and other infrastructure work are expected to drive the economy in […]
Continue ReadingThe governor of the Electricity Generating Authority of Thailand yesterday said he hoped plans for the Dawei power-generation plant, which had been submitted to the Myanmar government, would be approved in time for construction of the 1,800-megawatt coal-fired facility to commence by year-end. Sutat Patmasiriwat said the Thai government had submitted the plans for the […]
Continue ReadingEnergy Minister Pongsak Ruktapongpisal believes the government’s Bt2-trillion infrastructure mega-projects, which will support future growth of communities and cities along the new high-speed-rail route, will push up demand for electricity substantially. The Energy Ministry is drafting an electricity-generation development plan from now to 2030 that will differ from the Power Development Plan 2010 as the […]
Continue ReadingSteel 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 […]
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