Mechanical diggers on the pristine beaches near the sleepy fishing town of Dawei are a sign that change is coming to the remote corner of Myanmar — but not necessarily for the better. The area has been chosen for a vast port complex that is the latest example of how foreign investment from Asian allies […]
Continue ReadingAs five-star award winners at country level, CBRE Thailand was nominated at the regional level and was subsequently awarded “Best Residential Real Estate Agency Website Asia Pacific” and “Best Property Consultancy Website Asia Pacific”. CBRE Thailand was named the winner for four categories at the country level including the top category five-star winners for “Best […]
Continue ReadingThailand must diversify the fuel it uses to generate electricity, or else domestic gas resources could dry up in about two decades, warns deputy energy permanent secretary Kurujit Nakornthap. “If the country continues pumping gas from the Gulf of Thailand at the present rate of 3,747 million standard cubic feet per day (mmscfd) or 1.37 […]
Continue ReadingCorruption situation in the construction industry at present is getting severer with as high as one trillion baht lost to fraud each year. Former Engineering Institute of Thailand President Tortrakul Yomnak admitted that corruption exists in construction society where bribery is normal in auctions for construction projects while those refusing to pay bribes have no […]
Continue ReadingThe Srisoonthorn Bridge, which connects Phuket to the Thai mainland, will open this week as planned. Approved in 2009, at a cost of US$12.5 million, the 655 metre bridge was dubbed ‘Sarasin Bridge 2’ during construction. The Phuket Provincial Highways Office has announced that the new bridge linking Phuket to the Thai mainland will open […]
Continue ReadingA new Japanese solar power device can generate twice the electricity of current models thanks to moving mirrors that follow the sun throughout the day, according to its developers. Smart Solar International, a Tokyo start-up that also has an office in California, will start producing the system in Japan in August, hoping it will be […]
Continue ReadingMae Moh plant first to use new technology The Electricity Generating Authority of Thailand (Egat) plans to adopt clean coal technology at its Mae Moh power plant in Lampang, replacing ageing generators with an integrated gasification combined-cycle (IGCC) system. Egat has asked the Institute of Energy Economics of Japan to do a feasibility study on […]
Continue ReadingSeadrill has been awarded a new contract by PTTEP in Thailand for the jack-up rig West Leda. The assignment is for a firm period of nine months and with an option to extend for a further six months. The contract value for the firm period is approximately US$35 million. Commencement of the operations under the new contract […]
Continue ReadingModest adjustments to existing foreign property ownership legislation to improve inbound investment could help produce major benefits in real estate, construction, retail consumption, education, transport, schooling, and tourism, says a local property executive. “We support the Joint Foreign Chambers of Commerce in Thailand, which raised the issue of foreign ownership and sought to improve inbound […]
Continue ReadingRatchaburi Electricity Generating Holding Plc has entered into a shareholder agreement for a cogeneration small power producer (SPP) project with capacity of 122 megawatts of electricity and 15 tonnes per hour of steam. The country’s largest independent power producer holds 40% in the new venture, Nava Nakorn Electricity Generating (NNEG), while industrial estate operator Nava […]
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