UAE’s NMDC Group, Vingroup partner for coastal protection in Vietnam The projects are expected to generate thousands of jobs for local communities, driving economic growth in Vietnam’s coastal regions and providing substantial social benefits Abu Dhabi-based NMDC Group has signed a memorandum of understanding (MOU) with Vingroup, one of Vietnam’s largest private conglomerates, to undertake […]
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Property developers beg Thailand’s central bank to modify loan-to-value ratio Fears grow that the slumping property market will severely affect building contractors and construction material suppliers Property developers are begging the Bank of Thailand to relax its loan-to-value (LTV) ratio measure and commercial banks to further reduce the interest rate for housing loans to save […]
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Thailand develops eco-friendly seaport model at Laem Chabang Thailand is striving to implement environmental protection and social sustainability solutions in developing the country’s major infrastructure projects, such as the development of Phase 3 of Laem Chabang Port, Thailand’s only deep-sea port. Thailand is striving to implement environmental protection and social sustainability solutions in developing the […]
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Boom anticipated for top Phuket projects Grade A residential projects in Phuket are valued at 337 billion baht and are expected to grow by 10-20% annually over five years, driven by demand from affluent buyers globally, according to C9 Hotelworks, a hospitality consultancy. Bill Barnett, managing director of C9 Hotelworks, said Phuket’s luxury properties are […]
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Thailand’s Three-airport rail plan hits another snag Some coalition partners reportedly object to revisions in contract with CP-led consortium Opposition from within the coalition government has stalled revisions to a contract to build the long-delayed high-speed rail line inking Suvarnabhumi, Don Mueang and U-tapao airports, according to a source. The source on the Eastern Economic Corridor (EEC) Policy […]
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Bangkok’s overpass removal talks to clear way for new Orange rail line construction A woman prepares to cross the road at Bang Khun Non intersection in Bangkok on Nov 5, 2023, during heavy traffic. (File photo: Apichart Jinakul) The Mass Rapid Transit Authority of Thailand (MRTA) will speed up its discussions with the Bangkok Metropolitan […]
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Germany’s PNE seeks Vietnam partners for $4.6 bln offshore wind power project Germany-based wind energy developer PNE AG is seeking “sustainable partners” in Vietnam to deploy the $4.6 billion Hon Trau offshore wind power project in the central coastal province of Binh Dinh. PNE executive vice president Thorsten Fastenau made recommendations related to the task […]
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Vietnam invites big Chinese firm to help build $67bn North-South Railway Nguyen Ngoc Canh is vice chair of Vietnam’s public investment fund (CMSC) Vietnam has asked China’s biggest contractor to help build its North-South railway, an epic infrastructure scheme that is expected to lay 1,700km of high-speed track at a cost of $67.3bn. The invitation […]
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Transport Ministry to back six new Thai airport projects Passenger count to double in 20 years Passengers check in at Suvarnabhumi airport in Samut Prakan province on Monday. (Photo: Varuth Hirunyatheb) The Transport Ministry is looking to support six airport development and construction projects, preparing the country to be the region’s transportation hub. Deputy Transport Minister Manaporn […]
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Subcontractors Demand Payment Resolution in Thaioil Project Thaioil confirms full payments to main contractors amid subcontractor concerns over overdue payments; urges prompt settlement by UJV – Samsung, Petrofac, and Saipem. Reference is made to news reports by some media outlets on 21 October 2024, stating that the gathering by the Federation of Subcontractors of TOP […]
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