The small developer Apollo Asset Co plans to launch a low-rise condominium project worth 400 million baht on Sukhumvit Soi 31 using lower land costs and a smaller-scale project to compete in the heated condominium market. Managing director Vorathep Srikuruwal said the company would offer unit prices of about 90,000 baht a square metre on […]
Continue ReadingTarget now young professional buyers Magnolia Quality Development Corporation Ltd is scaling down to smaller condominium units to make the prices more affordable to younger buyers. Managing director Visit Malaisirirat said unit sizes at the new Whizdom @ Punnawithi Station would start at 34 square metres while those at its previous project next door started […]
Continue ReadingFavourable tax regimes are just one of the things that attract expats to far-away locations, but the prudent expat must also keep a watchful eye on taxation back in his home country as well as his country of residence. There is usually an obligation for you to pay taxes in the country where you reside, […]
Continue ReadingSouth Korea‘s top carmaker Hyundai Motor confirmed Monday it will bid for a troubled construction firm, setting the stage for a bidding war with its former parent Hyundai Group. Hyundai Motor said in a statement it would seek a major stake in Hyundai Engineering and Construction to strengthen its “future business opportunities and diversify its […]
Continue ReadingEnergy, water, health care the main focus General Electric (GE), the world’s leading industrial conglomerate, is eyeing more investments in energy, water and health care businesses in Thailand as it aims to increase Asean revenue by two to three times the regional economic growth in five years. The Thai government’s priorities in infrastructure investments fit […]
Continue ReadingAoT injects 60bn THB into Suvarnabhumi expansion project BANGKOK, 29 September 2010 – The Airports of Thailand (AoT) is eyeing to expand the capacity of the passenger terminal at Suvarnabhumi International Airport with a 60-billion-THB budget. The project is expected to be completed in 2016.
Continue ReadingBANGKOK, 28 September 2010 – The Deputy Finance Minister reveals today that the Japanese government is willing to provide financial support to the MRT Purple line and the Chao Phraya bridge construction projects with a total investment fund of more than 8,600 million baht. Mr. Pradit Phataraprasit, the Deputy Finance Minister, has disclosed early today […]
Continue ReadingThailand‘s Ministry of Finance said Tuesday (28.09.2010) it has signed a Y23.95 billion loan agreement with Japan International Cooperation Agency to finance the construction of a bridge and an urban electric rail project.
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Phuket’s residential property market should continue to improve in line with the global economic recovery given no new political turmoil, according to new research from Knight Frank Thailand. The company believes that political stability will reinforce consumer confidence, not only for Phuket but for Thailand as a whole. Managing director Phanom Kanjanathiemthao said the economies […]
Continue ReadingBangkok’s CentralWorld, reopens today Bangkok’s CentralWorld, reopens today (28 September 2010) following a THB2,800 million (HK$560 million) reconstruction and renovation. The giant 550,000 sqm CentralWorld complex reopens with 80% of its retail space open for business, with the remainder expected to be completed in December and connecting Zen Department Store re-opening in August 2011.
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