Written by Chad Creveling, CFA & Peggy Creveling, CFA Monday, 01 November 2010 22:58 An expat American living with her family in Hong Kong is diagnosed with late-stage stomach cancer. Since her husband’s healthcare benefits only covered him, the couple had purchased a private family healthcare plan from a major U.K. insurer with total […]
Continue ReadingThailand‘s Ministry of Finance expects to submit a draft amendment for the Private Participation Act by April next year in an effort to encourage greater private-sector involvement in the government’s multi-billion baht infrastructure projects. Current regulations under the Private Participation Act (1992) proving to be obstacles in attracting private-sector interest are being revised and a […]
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Telegraph Expat is campaigning for an end to the injustice suffered by ‘frozen’ expat pensioners. Here, our finance specialist Alison Steed writes an open letter to pensions minister Steve Webb. By Alison Steed Dear Mr Webb, On behalf of the 400,000 or so expat pensioners who have had their state pension payments frozen at the […]
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Matthew Silvester, Executive Engineering Coordinator and Meinhardt (Thailand) Ltd, recently contacted us to inform that: “I’m a regular subscriber to your TCN publication. You may or may not be aware who “CIBSE” are (Chartered Institute of Building Services Engineers). Heretofore the institution has had a limited presence here in Thailand. They have however recently appointed […]
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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 […]
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