Hyatt Hotels Corporation (H – Snapshot Report) recently announced that one of its affiliates has signed a contract with Bahagia Investment Corporation (Malaysia) Sdn Bhd for the operation of Grand Hyatt Kuala Lumpur. Financial terms of the deal were not disclosed. Bahagia Investment, a property investment company, is constructing a 42-storey mixed development project in […]
Continue ReadingWith Krabi enjoying improved infrastructure and lower competition than in Phuket, the Bangkok-based property developer Perry Group International is investing 1.9 billion baht in a hotel, villa and condominium complex on 40 rai of this southern province after holding onto the plot for a decade. Executive director Andrew Ngamsappasilp said now was the time to […]
Continue ReadingThe Labor Department has instructed Sunbelt Asia lawyers that starting from today there are new requirements for all new applicants for work permits and also new criteria for existing work permit holders for renewals. They have issued new forms for work permit applications in several classes. New applicants for work permits will now be required […]
Continue ReadingElectricity Generating Authority of Thailand (Egat) is confident that the Xayaburi hydropower plant in Laos will be able to commence operations and feed in power by 2019 as scheduled. Environmental groups are against the massive construction project for the generation of more than 1,000 megawatts mainly for sale to Thailand. Egat governor Sutas Patamasiriwat said […]
Continue ReadingInside the Sathorn Unique, One of Bangkok’s ‘Ghost Towers’ Urban archaeologist Dr Hank Snaffler, Jr of Abandoned Journey took his camera into the Sathorn Unique, a 50-storey never-completed skyscraper in downtown Bangkok. Construction started 14 years ago, but development was killed after the 1997 Asian financial crisis, leaving the Sathorn Unique to the same fate […]
Continue ReadingActress and judge take property developers to court over health woes As housing projects sprout up across Bangkok, more residents living near construction sites have resorted to court action to deal with health and environmental hazards. Actress and model Nichapa Saesoul, better known as Wae Soul, lodged a lawsuit with the Civil Court on June […]
Continue ReadingCentral Pattana Plc (CPN), the SET-listed commercial property flagship of the Central Group of Companies, aims to increase the number of its shopping complexes to 40-50 within the next decade, from 19 by the end of this year. President and CEO Kobchai Chirathivat said the company planned to spend 50-60 billion baht from now until […]
Continue ReadingCaterpillar announced today that it plans to open a new manufacturing facility for medium track-type tractors in Thailand. Caterpillar announced today that it plans to open a new manufacturing facility in Thailand. Construction will begin on the new factory in 2011, with production scheduled to begin in late-2013. The facility will produce medium track-type tractors, […]
Continue ReadingRatchaburi Electricity Generating Holding Plc (RATCH) is joining with Korean and Laotian partners to develop the 27-billion-baht Xe-Pian Xe-Namnoy hydroelectric power plant in Laos. Ratchaburi, Thailand’s largest private power producer, will hold 25% of a new joint operating company for the 390- megawatt plant. Another 26% will be held by Korea-based SK Engineering and Construction, […]
Continue ReadingThailand’s Ch Karnchang Pcl has offered the lowest bid to build an elevated train system for Bangkok’s “green line” mass transit project, a government agency said on Thursday. It bid 14.14 billion baht ($462 million), lower than the 14.27 billion from Sino-Thai Engineering and Construction Pcl and 14.32 billion from Italian-Thai Development Pcl , a […]
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