Targeting 470 billion JPY in sales by 2016 Mitsubishi Electric Corporation (TOKYO:6503) announced today its strategies to enforce its global elevator and escalator business with aims to achieve sales of 470 billion yen by the fiscal year ending March 31, 2016. By the same year, the company also aims to increase its overseas sales ratio […]
Continue ReadingHOTEL owner and operator Starwood Hotels & Resorts Worldwide Inc is expanding rapidly in Thailand, despite the political uncertainties there. Starwood — which operates the Sheraton, Westin, W and Le Meridien chain — expects to have 7,221 rooms by the end of 2012. It now has 11 hotels with a total room inventory of 4,500 […]
Continue ReadingRolls-Royce expects to win contracts to supply generators to four or five SPP (small power producer) projects in Thailand over the next five years, at a combined value of US$100 million, or nearly Bt3 billion. “Thailand is now the most active market in Asean for sales of Rolls-Royce power-generation solutions,” said Mahendra Singh Chauhan, senior […]
Continue ReadingThai Prime Minister Abhisit Vejjajiva said on Friday that he and his Chinese counterpart Wen Jiabao agreed to speed up negotiations to construct a high speed train system in Thailand. Mr Abhisit met Mr Wen before attending the opening ceremony of the 16th Asian Games at Guangzhou which was staged in the middle of the […]
Continue ReadingThe Bangkok Metropolitan Administration is building a system of giant drainage tunnels under the city to protect it from the annual threat of flooding, Bangkok Governor Sukhumbhand Paribatra said on Thursday. The construction of the four huge tunnels is planned for completion in five years at an estimated total cost of 16 billion baht, he […]
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The largest civil construction company in Thailand, Italian-Thai Development, has signed a contract worth US$8 billion for an infrastructure project in Tavoy in Burma’s Tenasserim Division, the Bangkok Post reports. The Tavoy (Dawei) development project on Burma’s east coast to be built would include a deep-sea port with shipbuilding and maintenance facilities, a petrochemical industrial […]
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Despite regional competition, economic woes, a strong baht and political instability, the country’s highend property sector refuses to tank Imagine waking up, shrouded in your 1 million thread count Egyption cotton sheets, to views of the sparkling Andaman Sea outside your balcany window before you head out to your terrace to sip gourmet coffee and […]
Continue ReadingCarlson, a privately held, global hospitality and travel company, today announced the signing of an iconic, upper-upscale resort in Hua Hin, Thailand. Owned by Retreat Hua Hin Company Limited, construction of the USD 23 million, 118-room Radisson Blu Resort Hua Hin will begin immediately. The resort is expected to open by the third quarter of […]
Continue ReadingBy Yuthana Praiwan, Bangkok Post, Thailand Italian-Thai Development Plc, Thailand‘s largest construction company, will seek strategic partners to co-develop its 75-year landlease development project worth US$58 billion in Dawei, Burma. Chairman Premchai Karnasuta said more than 20 investors have been approached to become the project’s strategic partners and they would co-invest in the first phase […]
Continue ReadingAbout one-third of the leading business investors in the neighbouring Lao People’s Democratic Republic (Lao PDR) are interested in buying properties in Thailand, according to a survey by Thailand’s Agency for Real Estate Affairs (AREA). AREA president Sopon Pornchokchai said the survey was conducted among 150 leading Lao businessmen who attended a seminar on property […]
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