Newly-appointed Transport Minister Arkhom Termpittayapaisith has vowed to kick-start the construction of 17 megaprojects valued at 1.6 trillion baht before the end of next year as part of a plan to stimulate the economy. He was speaking after delivering his policy address to ministry agencies on Wednesday. The ministry will speed up the bidding process for the projects and bring forward […]
Continue ReadingCompanies opt to relocate plants to Southeast Asia to cut labor costs. The label of “made in China”, which was synonymous with the global solar industry, is in danger of fading out as a growing number of firms move their plants overseas to skirt spiralling import duties. Hit hard by the steep tariffs imposed by […]
Continue ReadingThe single-ownership expatriate standard apartment market in Bangkok is performing well despite competition from rental units in condominiums, according to CBRE, a leading property consultancy company in Thailand. The number of expatriates with work permits in Bangkok grew by 9.5% Y-o-Y to around 79,000, according to statistics from the Ministry of Labour. Most expatriates only […]
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For some, the old adage, “Fool me once, shame on you; fool me twice, shame on me,” can be applied to the Klong Dan water treatment project saga. A bird’s eye view of the suspended Klong Dan waste water treatment facility in Samut Prakan’s Bang Bo district. PATTARAPONG CHATPATTARASILL The Ministry of Natural Resources and […]
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CNBC Sorapoj Techakraisri, CEO of PACE Development Corporation. Standing at 314 meters, the 77-storey MahaNakhon building in Bangkok’s central business district will not just be Thailand’s tallest building when completed by year-end. It will also be a representation of Thai building boss Sorapoj Techakraisri’s faith in his homeland’s ability to withstand the economic downwinds it […]
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A report in the Straits Times Vietnam is set to build a US$2.5 billion seaport in Ca Mau, its southernmost province, hoping to steal some spotlight away from the more popular regional hubs Singapore and Malaysia and could be a clue to Kra Canal. Vietnam announced that it would build a US$2.5 billion deep-water seaport, […]
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Solar energy developer Conergy has partnered with Symbior Solar group company ATC Enviro to plan three new solar farms for Thailand. The three parks will have a combined capacity of 19MWp and will contribute towards Hong Kong-based Symbior Solar’s growing portfolio in Thailand, which currently comprises six solar farms with a combined capacity of 30MW. […]
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Last week I sat down with Christian Humbert, the youthful and ever-attentive General Manager of Le Meridien Bangkok, one of Starwood’s many excellent properties in Bangkok, to get his opinion and take the temperature of tourism in Thailand. The setting could not have been better – the lobby bar over a cup of excellent Thai […]
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A part of the original Klong Dan project has been completed. After the Pollution Control Deparment was ordered to pay nine billion baht for the corruption-riddled original construction, the government has decided to reboot the 20th century project – much to the dismay of local residents. (File photo by Jetjaras na Ranong) Residents living near […]
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Mega Home Center Co, operator of the home and construction materials chain, expects the market to slow down as seasonal negative factors such as rain and floods have hurt the construction sector, especially in rural areas. Chief operating officer Supornsri Naktanasukan said sales and construction normally decreased during the rainy season, However, this year the sector […]
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