Flooding in Thailand is expected to bring insured losses of more than 309 billion baht (US$10 billion), with estimated economic losses of 1.41 trillion baht, according to reinsurance intermediary Aon Benfield. “With assessments under way, it’s clear that billions in insured losses from the flooding will make this the costliest natural disaster event in Southeast […]
Continue ReadingIFA Hotels & Resorts (IFA HR), a leading international resort and residential developer, has launched its fourth residential development in Pattaya, Thailand. Unixx South Pattaya, a 1,207-unit dual-tower project is being built by award-winning, Bangkok-based property developer Raimon Land, in which IFA HR has a major shareholding. The launch follows a string of successful developments […]
Continue ReadingThailand Immigration Rules Eased for Alien Specialists to work on the revival of flood-stricken manufacturing facilities The Cabinet has approved a decision to be lenient on immigration and visa rules for foreign specialists employed by Thai or foreign operators to work on the revival of flood-stricken manufacturing facilities. Deputy Government Spokesman Chalitrat Chandrubeksa said the […]
Continue ReadingStarwood Hotels and Resorts newest Aloft property, Aloft Bangkok – Sukhumvit 11, has opened its doors in the Thai capital . The property, which represents the first Aloft-branded hotel in Thailand, follows hot on the heels of the launch of Aloft London Excel last month. The 296-room property is situated on Sukhumvit 11, in the […]
Continue ReadingAn online survey conducted by HSBC Bank has ranked Singapore as the top overall destination for expatriates, with South-east Asian countries also faring strongly – for those without children, that is. The results, released on Monday, canvassed more than 3,500 expats in 31 countries. Factoring in three criteria – economics, experience and raising children abroad […]
Continue ReadingThailand’s worst flooding in 69 years will likely see a makeover in housing designs to incorporate integrated flood protection systems regardless of the higher cost as people become more alert to the possibility of a repeat of the disaster. Property Perfect Plc is the first developer to come up with just such a design, with […]
Continue ReadingTHE government last week admitted that Yangon’s infrastructure was outdated and not up to the challenge of housing its six to seven million residents, let alone the 10 million forecast to live there in coming years. The frank assessment was delivered by the Minister of Industry, U Soe Thein, at a meeting with the press […]
Continue ReadingAllen & Overy (A&O) and Baker & McKenzie have advised on the financing for the first large independent power producer project in Thailand to close since the global financial crash. According to A&O, the $1.18bn (£760m) project financing for the 1,600MW, combined-cycle, natural gas-fired power plant in the Nong Saeng district (around 100km north of […]
Continue ReadingThai Solar Energy Co., Ltd. has opened a 5 MW solar thermal plant in Thailand – the first such facility in Southeast Asia. Thai Solar invested 900 million baht in the facility, which heralded another milestone by being the first such facility in the world to use Direct Steam Generation (DSG) commercially. In a written […]
Continue ReadingThe government plans to open bids for an independent power producer programme, possibly in the coming year. Energy Minister Pichai Naripthaphan said the new round would give a particular focus to coal-fired power plants because the country is too dependent on natural gas, which accounts for more than 70% of power generation. The appropriate number […]
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