The South Korean steelmaker Posco Ltd is preparing to purchase additional shares in Thailand’s largest stainless steel maker, Thainox Stainless Plc (INOX) and to make a tender offer for all remaining shares. The shares would be acquired from the family of Prayudh Mahagitsiri, a key financial supporter of the now-defunct Thai Rak Thai party allied […]
Continue ReadingThe Chambers of Commerce of 13 provinces in the North will propose the Bangkok-Chiang Mai and Bangkok-Chiang Rai high-speed train projects to the in-coming government for consideration, Thaweesak Purngworakhun, chairman of Uttaradit Chamber of Commerce, said on Wednesday. The 13 provinces are Mae Hong Son, Chiang Mai, Lamphun, Lampang, Chiang Rai, Phayao, Nan, Phrae, Tak, […]
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Centara Hotels & Resorts has announced its third hotel in Bangkok, Centara Watergate Pavillion Hotel & Spa Bangkok, a 4-star property located at Rachaprarop and above the Watergate Pavillion shopping complex. The announcement follows the signing of a management contract on June 7, 2011 with Oversee Construction Co Ltd., the owners of the project. Centara’s […]
Continue ReadingKey issues on transport projects are awaiting decisions by the new government. A Transport Ministry source said one project was the Thailand-China high-speed rail system on which China is considering a memorandum of understanding submitted by Thailand. Prapat Chongsa-nguan of the Pheu Thai Party, former governor of the Mass Rapid Transit Authority, appears to be […]
Continue ReadingAuthorities are preparing to visit schools from next week to issue national identification cards for children aged between seven and 14 years old there. “Such preparations are included in our implementation plans,” Department of Provincial Administration (DPA) deputy director-general Niran Kanlayanamit said yesterday. Starting from July 10, district offices will also issue national identification cards […]
Continue ReadingVattanac Properties Ltd, a leading property development company in Cambodia, has appointed Jones Lang LaSalle as property management consultants for Vattanac Capital, a mixed-use commercial development in Phnom Penh. Jones Lang LaSalle will provide property management consultancy, client representation and operations management services for the property. Vattanac Capital is the largest mixed-use development project in […]
Continue ReadingSingapore-based Dalvey Development plans to invest more in the Thai condominium market with a 1-billion-baht annual budget for new projects. The company is shrugging off political uncertainties, noting that Thailand is a very attractive market with high growth potential. Moreover, property prices remain low when compared to neighbouring countries, said business development manager Noel Goh. […]
Continue ReadingThe 5.3km-long Taksin-Phetchakasem skytrain extension construction, for which the Bangkok Metropolitan Administration (BMA) invested some Bt7.5 million, will be complete and ready for public service on December 5, 2012. BMA Govorner M.R. Sukhumbhand Paribatra and city executives Tuesday inspected the Pho Nimit station construction site which was in the process of placing the railway. He […]
Continue ReadingBang Buathong site sought for big plant The property developer Pruksa Real Estate Plc (PS) is looking for a large piece of land in the Bang Buathong area for a new precast concrete factory in the next two years, according to Jutha Promchinwong, the company’s deputy managing director. It wants a plot of around 200 […]
Continue ReadingThe Energy Ministry assured the Cabinet Tuesday that the gas leakage off Rayong’s coast would not lead to higher electricity bills to the public, though several power plants will need to shift to more expensive bunker oil following the suspension of the first gas transmission pipeline. Government spokesman Panithan Wattanayakorn said that the Energy Ministry […]
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