The construction market has slowed considerably in Yangon over the past year but developers hope that good times for the industry will return under the new government. When the Union Solidarity and Development Party first took power, development boomed, with high-rises, flyovers, bridges and luxury condominiums built at speed, fuelled by both foreign and local […]
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Company to debut in Bangkok later this year, with another property planned for Phuket A new luxury boutique hotel company has launched in Thailand and is planning a swift expansion of its portfolio. 137 Pillars Hotels & Resorts takes its name from the 30-suite 137 Pillars House Chiang Mai (pictured top), which becomes the first […]
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Some proposed plants, dams will affect the environment and and local people’s quality. POWER-PLANT projects that could generate up to 30,778 megawatts, proposed in the Power Development Plan 2015, have shown up in the city-planning exemption list announced by the National Energy Policy Council, raising concern among environmental activists over unregulated development. Thursday’s announcement also […]
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The power sector in Myanmar over the past five years has been characterised by ambitious plans and unrealised targets. While a few power projects have been completed during the outgoing government’s term, others were suspended or cancelled and dozens more remain in limbo. Myanmar remains one of the least-powered countries in Southeast Asia. Just over […]
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Ground has been broken on the Thai Boon Roong Twin Tower World Trade Centre, a project to build two 500m-high towers in the Cambodian capital of Phnom Penh. The scheme, whose value is reported by sources in the Cambodian media as either $2bn or $3bn, is to be built opposite NagaWorld, the country’s only casino. […]
Continue ReadingBanpu Pcl, Thailand’s largest coal miner, said on Friday it planned to invest $170 million in solar power in Japan, as part of plan to boost capacity of renewable energy to 800 megawatts (MW) by 2025. Banpu, which has diversified into the power business to minimise the impact from weak coal prices, has interests in […]
Continue ReadingInfrastructure firm Larsen & Toubro (L&T) has won Rs 2,271-crore orders that include a major commercial development and a transmission line contract in Thailand. “The Construction arm of Larsen & Toubro Ltd has won orders worth Rs 2,271 crore across its various businesses. Buildings & Factories Business has bagged a major turnkey order worth Rs […]
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Cambodia, Laos and Myanmar are amongst ASEAN’s smaller economies, yet all different and facing different issues. Taken as a trio, their collective GDP performance is still less than that as China’s Yunnan Province, which lies to the north of Cambodia and Laos, and also borders with eastern Myanmar. Such statistics make interesting reading: Neither of […]
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The trend of more companies securing leases in new office development projects is being reinforced by an increasing number of companies looking to consolidate business operations. Observations from JLL indicate that a number of companies with business units scattered in different locations are now looking to consolidate their operations under one roof. New office development […]
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Malaysian-owned Sunway Hotels & Resorts will spend $223 million in a redevelopment and expansion plan on its hotels in Malaysia, Cambodia and Vietnam within three years, according to Malaysian media. About $135.3 million of that will be used for new investments while the remainder will be spent on refurbishments and expansion. Sarena Cheah, the managing […]
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