Real estate sales to foreigners in Phuket are expected to grow 25 per cent this year to 5 billion baht, according to property development firm Seacon. Nevertheless, sales are likely to remain at least 50 per cent lower than during the boom years of 2006 and 2007, when foreign sales came in at 10 to […]
Continue ReadingNews has just been released that Thai property developer, Amari Estates Company, has won the lease management contract for Herathera Island Resort in the south Maldives. Herathera Island, Maldives: News has just emerged that the Thai residential property developer, Amari Estates Company, has won the lease management contract for Herathera Island Resort in the south […]
Continue ReadingChina will build a “commercial city” in Thailand worth $1.5 billion that will allow traders to re-export Chinese-made goods and avoid costly tariffs, state media said Thursday. More than 70,000 Chinese traders are expected to operate in the China City Complex in Bangkok, helping them miss levies on products shipped directly from China, the China […]
Continue ReadingThe Nation The Thai-China joint committee has agreed on the framework of the Thai-Sino high-speed train project, in which Thailand will hold 51 per cent and China will hold 49 per cent. The framework agreed by the joint committee of the two countries is expected to come up for approval from the Transport Ministry and […]
Continue ReadingAs part of a strategic investment in the mining business, Caterpillar (CAT) will open a new manufacturing facility in Thailand. The company expects to start production from late 2012. To set up its first manufacturing facility in Thailand, an Australian subsidiary of Caterpillar inked a deal with Hemaraj Land & Development Pcl to buy land […]
Continue ReadingLegal wrangling over the True-Hutch takeover deal looks set to grow more complicated with the telecommunications conglomerate proposing to invest in a third-generation mobile network for CAT Telecom on its own to accelerate planned 3G mobile services nationwide. The proposal is designed to be a win-win solution for CAT, enabling the state telecom enterprise to […]
Continue ReadingThe Nation Chinese enterprises are boosting their investments in Thailand in a big way, with the first of three joint ventures with Thai partners being for a sprawling wholesale trading centre worth 6.2 billion yuan (Bt28.8 billion) near Bangkok. The project will be officially launched today. This project will be followed by a Bt3-billion wholesale […]
Continue ReadingThailand’s Italian-Thai Development has won its bid to build an elevated expressway for about US$2 billion (Bt60 billion) in the Bangladeshi capital of Dhaka. Deputy Commerce Minister Alongkorn Ponlaboot on Monday said he has been tasked by Prime Minister Abhisit Vejjajiva on behalf of the Thai government to witness the signing of the contract for […]
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(Pictured) Kyocera Corporation announced that it has agreed to supply roughly one million solar modules equivalent to 204-megawatts (MW) for Thailand’s largest solar power project, which is being implemented by Solar Power Co., Ltd. Under the project, 6MW “Solar Farms” are to be constructed at 34 sites concentrated in northeastern Thailand. Today, it is generally […]
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An ambitious project for Saphan Hin in Phuket has been proposed to Phuket Governor Tri Augkaradacha by Norwegian maritime engineering company, LMG Marin. The project proposes the construction of an on and off shore development, covering a total area of 500,000 square metres and including a hotel, apartments, business centre, park, university and a research […]
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