The Nation Won’t pay Bt9 bn in compensation; says contract was illegal to start with Pollution Control Disease (PCD) yesterday insisted that it will notpay BT 9 billion as compensation to joint venture construction companyNVPSKG, the project’s contractor of the Klong Dan wastewater treatment after the Thai Arbitration Institute (TAI) had issued a verdict on […]
Continue ReadingThe Nation Thai Arbitration Institute (TAI) yesterday issued a verdict on the Klong Dan wastewater treatment project, demanding Pollution Control Department (PCD)to pay compensation for the jointventure construction company NVPSKG. Panel of arbitrators chaired by Witoon Tangtrongjit and other arbitrators including Satient Wongwachian and Kian Permboon had read the verdict on the case and asked […]
Continue ReadingWe recently received an email with the comments below from a TCN reader and ex-work colleague: I thought I give you my personal comment of the new TCN E-newsletter format. Perhaps it can be of some input. Personally I think the new TCN E-newsletter (web linked) is losing its appeal compared to the original TCN E-newsletter (PDF […]
Continue ReadingChad Creveling, CFA & Peggy Creveling, CFA One of the first financial questions foreigners planning to move to Thailand often have is how to transfer money in and out of the country. Luckily, the days of going down to Bangkok’s Chinatown with a suitcase of cash hoping to make a transaction are long over. Today, […]
Continue ReadingMai-BS (Thailand) signed an agreement with the owners of Pratunam Hotel at Khon Khaen, north-eastern Thailand to provide professional hotel consultation and full operational and sales and marketing support to re-brand, re-organize and re-structure the hotel. Pratunam Hotel is a one year old hotel development, only minutes from the city centre and part of a […]
Continue ReadingSINO-THAI ENGINEERING & CONSTRUCTION (STEC) reported that STAS Joint Venture, consisting of STEC and AS Associate Engineering 1964, signed a new contract with Krungthep Thanakom to proceed with the infrastructure and E&M system for BTS Extension – Silom Line (Taksin-Petkasem) – worth Bt3.34 billion. LV TECHNOLOGY has been awarded two projects in Burma worth a […]
Continue ReadingRaimon Land’s latest condominium in Pattaya, Zire Wongamat, has made a promising debut, with 20 per cent of the 480 units being sold within two weeks after its official launch in January. According to an initial sales data, the project has attracted Thai buyers aged 40 and under from Bangkok. These buyers tend to use […]
Continue ReadingThailand’s Transport Ministry plans to complete the bidding this year for the construction of four mega projects worth a combined THB128.2 billion ($4.17 billion), Transport Minister Sophon Zaram said Wednesday. Of the total, three are electric railway projects: the 13-kilometer so-called light green line; the 12-kilometer dark green line and 36-kilometer pink line; and the […]
Continue ReadingThe property market in Bangkok and its suburbs could fall by about 5 per cent this year due to a host of negative factors. These are: the end of propertytax incentives last year; higher interest rates; rising construction costs; and the Bank of Thailand’s policy to limit mortgages to 90 per cent of a condominium’s […]
Continue ReadingThe Hoontrakul family is returning to property development this year with the launch of a green community mall in Cha-am in Phetchaburi province in April. Anek Hoontrakul, president of St James Hotel Co, said the company would spend 450-500 million baht to develop the project on an 86-rai plot next to Dusit Resort and Polo […]
Continue Reading