Positive factors, ranging from global and domestic economic growth, the government’s populist policies and anticipated rises in construction costs, will help the homebuilder Built to Build Group enjoy 30% sales growth this year. Sutee Ketsiri, the group’s managing director, said the country’s gross domestic production (GDP) was expected to expand by around 5% while the […]
Continue ReadingThe cabinet has given a green light for the Mass Rapid Transit Authority of Thailand (MRTA) to request a loan from the Ministry of Finance to fund the extension of the MRT blue and green lines. Deputy Government Spokesperson Pakdiharn Himathongkham has disclosed the cabinet’s resolution approving the Ministry of Transport’s proposal to obtain […]
Continue ReadingRatchaburi Electricity Generating Holding (RATCH) is conducting a feasibility study to invest in a 1,800-megawatt coal-fired power plant in Koh Kong, western Cambodia, after the project was frozen during the conflict between the two countries, said chief executive officer Noppol Milinthanggoon. Meanwhile, the company is still hopeful that the coal-fired-power-plant project in Burma’s Dawei on […]
Continue ReadingA company contracted to build the Bang Sue-Taling Chan elevated railway line on Tuesday filed a petition with the Department of Special Investigation asking it to probe the role of the State Railway of Thailand for allegedly preventing it from working. Sooksan Nuntakul, a representative for Chun Wo Construction & Engineering, submitted a letter to […]
Continue ReadingThe Transport Ministry will buy more trains for the Airport Rail Link and build a new line from Suvarnabhumi airport to Pattaya. Pakorn Tangjetsakao, acting president of SRT Electric Train Co under the jurisdiction of the ministry, said the company needs five more trains worth 3 billion baht to add to the eight trains it […]
Continue ReadingThree Thailand-based hotel groups released pipeline updates for 2012, all focusing on overseas expansion with a smattering of properties due to open in home-base Thailand. It marks a determined shift in policy from home developments to expansion mainly within Asia/Pacific as Thai hotel brands seek wider recognition and marketing reach. Most of the properties are […]
Continue ReadingThe construction of a BTS extension from Taksin Bridge station to Phetkasem Road has begun, after a delay caused by last year’s floods. Completion is scheduled before the Queen’s birthday in August 2013. The 5.3kilometre extension covers four stations and merges with a BRT commuter bus service from SathornRatchaphruek. The four stations are Phothi Nimit, […]
Continue ReadingTo escape limitations under the new law which goes into effect in 2013, many firms are pressing ahead with their plans this year Property firms have speeded up developing new condominium projects in Bangkok before the new Bangkok city plan becomes effective on May 15, 2013. The new city plan will have provisions that limit […]
Continue ReadingA newly completed hotel in Soi Ruamrudee may have to be demolished following a landmark verdict by the Central Administrative Court yesterday. The court ruling said that highrises in Soi Ruamrudee had been built illegally as the soi is not 10 metres wide as claimed by a former Bangkok governor and a former Pathum Wan […]
Continue ReadingAbout 30 per cent of Thailand factories hit by flooding last year have resumed production, lower than the number originally targeted, according to Witoon Simachokdee, Permanent Secretary for Industry. Among the total of 838 plants forced to halt operations due to flooding, 30 per cent have already resumed production, while at the end of March, […]
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