Electricity of Vietnam (EVN) proposes reducing purchase price of wind and solar power Vietnam Electricity (EVN) proposed the Ministry of Industry and Trade reduce the purchase price of wind and solar power by 30 percent compared to the current one. With the data collected until November 16, 2022, the Electricity of Vietnam (EVN) has just […]
Continue Reading
Vietnam to Seal $11B Funding Deal to help Vietnam shift its economy off coal Negotiations to secure US$11 billion in funding to help Vietnam shift its economy off coal are in the home stretch, with the country’s debt wariness and donor concerns about suppression of dissent among the thorny issues still to be resolved. Odds […]
Continue Reading
Bangkok’s Orange Line 98% complete, Yellow Line monorail 97.3% complete, Pink Line monorail 92.9% complete THE Mass Rapid Transit Authority of Thailand (MRTA) reports that construction of the eastern section of the Orange Line metro in Bangkok is now 98.3% complete. The eastern section runs for 22.57km from Thailand Cultural Centre to Min Buri. It […]
Continue Reading
Thailand’s Sena Development diversifies as margin narrows Sena is shifting to target first-time workers and the elderly SET-listed Sena Development has diversified into other property-related businesses as the margin from residential development is lower and younger people are not buying houses. Managing director Kessara Thanyalakpark said competition in the housing market is rising, squeezing margins. […]
Continue Reading
USA to help Thailand develop small nuclear reactors The United States will help Thailand develop nuclear power through a new class of small reactors, part of a programme aimed at fighting climate change, Vice-President Kamala Harris announced on Saturday. The White House said the assistance was part of its Net Zero World Initiative, a project […]
Continue Reading
Land prices rise 10.3% in Q3 in Bangkok Developers face off with speculators Despite the collection of the land and building tax increasing to the normal rate, prices of vacant land in Greater Bangkok continued to rise, posting year-on-year growth of 10.3% in the third quarter of 2022, the highest in five quarters. Tritecha Tangmatitham, […]
Continue Reading
Construction sites with no nets in Cambodia face closure Phnom Penh authorities yesterday warned they would close any site which does not have proper safety nets to prevent construction material from falling on people. This measure comes after a 23-year-old man Yat Sitha was killed when a plank from an under-construction building fell on his […]
Continue Reading
Progress report on Bangkok’s new city rail links The Mass Rapid Transit Authority of Thailand (MRTA) has released a progress report on the construction of five new railway routes. The Orange Line project linking Thailand Cultural Centre and Min Buri is 98.3% complete, it said. The Orange Line (Eastern section) is 22.57 kilometres long. It […]
Continue Reading
Thailand’s construction sector expected to grow by four percent in 2022 and by five percent in 2023 The South East Asia Iron and Steel Institute (SEAISI) provided updates during its 2022 SEAISI Steel Mega Event & Expo held in Malaysia on November 14-18 regarding construction sector developments in the ASEAN region. Given the numerous challenges […]
Continue Reading
Thailand’s land ownership rules need rejig Foreign land ownership isn’t a novel issue in Thailand. During the Ayutthaya period between 1351-1767 AD, a handful of foreigners who were deemed to have made valuable contributions to the kingdom were awarded large plots of land — among whom were Constantine Phaulkon, a Greek adventurer who became a […]
Continue Reading