Thailand’s Centara Hotels & Resorts reveals global expansion plans Thailand’s Centara Hotels & Resorts has announced a strategic five-year development plan that will see its global portfolio grow to over 130 hotels in more than 50 countries by the end of 2022. According to the Centara’s official statement, the company will see a number of […]
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Two shopping malls to open this year in Cambodia’s Sihanoukville Sihanoukville, once a sleepy beach town that has experienced tremendous growth in recent years fueled mostly by Chinese investment, will soon boast two new shopping malls. Furi Times Square, a $10 million joint venture between Furi Real Estate and investors from Macau and Hong Kong, […]
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Bangkok and other major cities in Southeast Asia could be completely underwater by 2050, new report claims Researchers from Climate Central say that Bangkok could be completely submerged within 30 years. In the study published in British journal Nature Communications on Tuesday, researchers used a new digital elevation model based on artificial intelligence to examine […]
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Thailand’s Land and Property Tax forces site owners to consider options The new Land and Property Tax, which will be effective from January 2020 onward, is another challenge for the Thai property market. By CBRE Thailand 31 October 2019 The new Land and Property Tax which will be effective from January 2020 onward, is another […]
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Court opens way for termination of Peninsula group’s management contract with the luxury Bangkok riverside hotel 31 October 31, 2019 Thai partner cites 20 years of operations by Peninsula group during which they have not been able to return any profit to the hotel’s shareholders. A Thai court has opened the way for the Thai […]
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Testing ‘going well’ on BTS four-station extension of the Skytrain Green Line expected to open in December 2019 By The Nation BTS Group is currently testing the track on the four-station extension of the Skytrain Green Line, which is expecting to open in December. According to Bangkok Mass Transit System’s executive director, Surapong Laoha-Unya, the […]
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Laos’ controversial Xayaburi Dam on the Mekong river begins operations 30 October 2019 The Xayaburi dam, the first of five planned large Mekong river mainstream dams in Laos, officially began operations Tuesday, setting in motion the first major cog in the country’s ambitious but controversial plan to become the “battery of Southeast Asia.” The dam, […]
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Hishine Group ready to penetrate Thailand’s condominium market along the Skytrain (BTS) and Subway (MRT) lines in Bangkok 29 October 2019 Hishine Group, a specialist in worldwide real estate development for over 20 years, is ready to penetrate Thailand’s condominium market along the Skytrain (BTS) and Subway (MRT) lines in Bangkok in order to provide […]
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PV Gas starts constructing Vietnam’s first LNG terminal, secures funding State-controlled PetroVietnam Gas began construction of the Thi Vai LNG terminal, and also signed financing deals for the first phase of the project to import natural gas into Vietnam, it said on Monday. The Thi Vai terminal will have a capacity of 1 million mt/year […]
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GE eyes expansion in Myanmar energy, healthcare sectors 30 October 2019 GE, the high-tech energy, health and aviation equipment provider, has plans to expand its reach in the Myanmar energy and healthcare sectors. “Myanmar has huge potential in terms of revenue and orders for GE. Myanmar needs healthcare and a lot of electricity. There are […]
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