The five-fold increase in property sales tax for this fiscal year, imposed by the previous government, has resulted in a huge rise in tax-dodging, real estate professionals say, perhaps contributing to the market’s current stagnation. This year’s rates were approved by parliament in January as part of the 2016 Union Tax Law and have been […]
Continue ReadingNAWARAT Patanakarn, one of Thailand’s top five construction companies, has set a budget of more than Bt500 million to invest in Asean, mostly in pre-cast concrete production and infrastructure projects in Myanmar this year. “The company reached an agreement to form a joint venture with a local partner in Myanmar, and expects the factory to […]
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Vietnam is planning a $5.5-billion expansion of Hanoi’s airport to double its capacity by 2030, the government news website reported on Monday. Noi Bai International Airport likely will be over-stretched by 2019 due to strong passenger growth, the director general of the Civil Aviation Administration of Vietnam told the government news website. Vietnam is among […]
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Leading developer, AP (Thailand) Public Company Limited, has reiterated its vision to complete more than 100 new residential projects worth a total of almost Bht112,000million. The pledge has come as the company, which specialises in urban developments in the Bangkok area, celebrated its 25th anniversary in business. AP (Thailand) Public Company Limited reaffirmed its commitment […]
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A wireless-controlled hydraulic load hoisting and positioning system being introduced by Enerpac South-East Asia enables a single crane to precisely positon heavy and unbalanced loads weighing hundreds of tons. The SHAS Series Synchronous Hoist System – the latest in a growing range of SyncHoist systems developed by Enerpac for diverse industries – is a […]
Continue ReadingImagine if you didn’t have to sit in a taxi for an hour or transfer between several modes of public transportation when trying to catch a connecting flight at the other of Bangkok’s two airports. The Ministry of Transport is considering extending the Airport Rail Link from its terminal station in Phaya Thai all the […]
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Danish wind turbine maker, Vestas, has been selected as preferred technology partner for a prestigious wind project in Laos. The project is a 600 MW wind project placed in southern Laos. The wind farm is set to be completed in 2020 and it’s believed that it will become the largest wind farm in the Association […]
Continue ReadingThe Prime Minister has denied the authenticity of rumors regarding the plan to excavate the Thai Canal, appointed Minister of Defence to declare the government’s standpoint to the NRSA. Prime Minister Gen Prayut Chan-o-cha has assured that there are no plans to excavate the Thai Canal connecting the Andaman Sea to the Gulf of Thailand […]
Continue ReadingInter Far East Energy Corporation Plc (IFEC), a renewable energy firm, has projected a new revenues breakdown, 15 per cent of which is expected to come from its hotel business Dhara Dhevi after completing a takeover last year. “We expect Dhara Dhevi will have new strategic partners accounting for a 5 to 10-per-cent equity [stake] […]
Continue ReadingTHE REAL-ESTATE industry could grow by 5-10 per cent this year despite the headwinds from both external and internal factors, according to the Housing Business Association. “We project the condominium market will be flat or decline slightly this year, and the growth of the property sector will be driven by housing estates,” said Athip Peechanon, […]
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