William Wilfong is to step down at Chief Executive Officer of Thai listed developer Golden Land at the end of the year. In an email to colleagues sent earlier today he wrote: “It has certainly been a wild ride here in Bangkok over the past five years, but I am very proud of what we […]
Continue ReadingCabinet to look into details early next year The Energy Ministry is preparing to submit its nuclear power feasibility study to the government early next year, according to the Nuclear Power Programme Development Office (NPPDO). The power development plan (PDP) for 2010-30 calls for as many as five nuclear power plants with a capacity of […]
Continue ReadingPTT Aromatics and Refining (PTTAR) is studying a feasibility to invest in its first olefins cracker worth more than US$1 billion in order to develop benzene – the feedstock for derivatives production which should increase the future revenue. President and CEO Bowon Vongsinudom yesterday said the study would be concluded by mid of next year […]
Continue ReadingThe Electricity Generating Authority of Thailand (Egat) has added 30 billion baht to its five-year investment plan for a total of 70 billion. The move is a bid to prevent the country’s power reserves from falling below the critical level of 10% by 2014. Sutat Patmasiriwat, Egat’s governor, said 20 billion baht will be spent […]
Continue ReadingTwo preliminary sites for steel smelting plants have been identified after a long delay due to the political turmoil, the Iron and Steel Institute of Thailand has announced. They are Songkhla’s Ranot district and Chanthaburi’s Laem Sing district, according to a feasibility study on areas for construction of the national upstream steel project conducted by […]
Continue ReadingSET-listed Glow Energy expects to invest about 4 billion baht to acquire assets of England-based Independent Power (IP) in Thailand and up to US$200 million to build a new 120-megawatt unit near its Huay Ho hydroelectric plant in Laos. Chief financial officer Suthiwong Kongsiri said Paris-based GDF Suez, which holds 69% of Glow, has considered […]
Continue ReadingBangkok Metro Plc has decided to put in a bid to run a section of the new Purple Line subway. The company believes its experience in operating the existing MRT service and its attractive bid would enable it to win the contract. BMCL managing director Sombat Kitjalaksana said the result of the tender, to be […]
Continue Reading
Six Senses, the international luxury resort and spa developer and manager, is gearing up to expand its private flight services and facilities at its flagship property on Thailand‘s fourth largest island. The Soneva Kiri resort’s Cessna Grand Caravan descends to the Koh Kood airfield off the coast of Trat. The company is acquiring a second […]
Continue ReadingBangkok Citismart Co, the brokerage subsidiary of Asian Property Development Plc (AP), yesterday opened its first office outside Bangkok in this popular resort destination to cash in on the booming market here. Pattaya’s property market is expected to reach a new peak within three years. During that time, the new subsidiary will study the market […]
Continue ReadingBangkok-Nong Khai high-speed train project to be completed late 2015 A high-speed train project, a planned joint investment project between Thailand and China, which will link between the Thai capital and Nong Khai province bordering Laos is expected to be completed in late 2015, said Supoj Saplom, permanent secretary for Thai Transport Ministry. Mr Supoj […]
Continue Reading