Six Senses Resorts & Spas has agreed with the owner of Six Senses Sanctuary to “mutually part company” and terminate the management agreement for the property, which is located on Naka Yai island. In an email seen by HotelierMiddleEast.com yesterday, Six Senses CEO and chairman Sonu Shivdasani thanked his team and said: “The economic climate […]
Continue ReadingBintan Resorts International, a Singapore-based developer, plans to complete construction of a private airport on an island in western Indonesia by 2014, allowing visitors to fly in from other countries and stay at its resorts here. The company has developed resorts that cover 18,000 hectares in the northern coast of Bintan Island, and the airport, […]
Continue ReadingThailand’s Country Group Development are developing two luxury hotels as part of a mixed-use project in Bangkok. The Landmark Waterfront will include properties managed by global hotel chains Jumierah and Capella. With the later part of the offering include branded residences. Located along the Chao Phraya river the 36 rai site is garnering a great […]
Continue ReadingSingha Corporation, the country’s largest brewer, plans to diversify into property next year, developing a plot of land on Phetchaburi Road as a mixed-used complex. Sant Bhirom Bhakdi, group director for the non-alcohol marketing department, said the company’s strategy endorsed by CEO Santi Bhirom Bhakdi was to explore new business opportunities to lift the sales […]
Continue ReadingWeaning itself away from European dependence may take time for Phoenix Solar but signing contracts to build two solar parks in Thailand is a step in that direction. Phoenix Solar Singapore is partnering with the Thai company, Process Engineering Services Co Ltd (PESCO) to build the two power plants, which will have a peak power […]
Continue ReadingPöyry’s Energy business group has been awarded an Owner’s Engineering Services Contract for two new Gas-Fired Combined Cycle Cogeneration Plants in Thailand by Amata B.Grimm Power (Rayong) 1 Limited and Amata B.Grimm Power (Rayong) 2 Limited. The projects will run concurrently with a five month interval between Notice to Proceed for each project. The value […]
Continue ReadingHomebuyers can shop around at their leisure as residential prices should remain stable for the rest of this year, since building material suppliers are facing weak consumer purchasing power and high market competition. Most suppliers say that although oil prices and interest rates are going up, they still have to shoulder the higher costs because […]
Continue ReadingVietnam’s ambition to develop a strong maritime industry, exploiting its extensive coastline and strategic location, has taken a hit because of the near collapse of Vinashin, the heavily indebted state-owned shipbuilder that was meant to be a national champion. But while industrial shipbuilding may be passé, some investors believe that Vietnam has the potential to […]
Continue ReadingThailand’s largest private power producer Ratchaburi Electricity Generating Holding has entered into a shareholder agreement for a cogeneration small power producer (SPP) project with capacity of 122 MW of electricity and 15 tonnes per hour of steam. The project is located in the Nava Nakorn Industrial Promotion Zone in Pathum Thani, and commercial operation is […]
Continue ReadingChevron Thailand Exploration and Production is on track to commence production at its new Pla Thong 2 gas field in the Gulf of Thailand by year-end. President Pairoj Kaweeyanun said yesterday that construction of the US$3.1-billion (Bt95.8 billion) gas field was still on schedule. Pla Thong 2 will start producing natural gas at 330 million […]
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