Thailand’s Cabinet on Tuesday (March 29) approved a 111 billion baht (S$4.3 billion) project to build two new rail lines in the Thai capital, part of a wider infrastructure push by the ruling junta as it seeks to boost a sluggish economy. Thai Transport Minister Arkhom Termpittayapaisith said the Cabinet approved construction of a Pink […]
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Siemens has a strong focus on ASEAN, and under its local-for-local concept, the multinational firm seeks to answer customers’ power needs by mixing local resources with its proven international expertise. “Where the customer needs us, we are acting accordingly to build up our local resources,” said Markus Lorenzini, President & CEO Siemens Thailand, Myanmar & […]
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Myanmar is moving forward with plans to build the 66-MW Maingwa hydroelectric project on Nantlway Creek in area controlled by National Democratic Alliance Army. Myanmar’s Ministry of Electric Power (MOEP) and special-purpose company, Shan State East Development Company Ltd., signed a contract on March 22 under a build-operate-transfer (BOT) system to implement the Maingwa project […]
Continue ReadingThai paint manufacturer TOA Paint (Thailand) plans to invest at least 1 billion baht (about $28.2 million) in three new factories in Cambodia, Myanmar and Indonesia, according to a report in Thai newspaper The Nation. Pongcherd Jemeekornkul, the president of TOA Paint (Thailand), told the paper that after establishing its sales representative offices and warehouses […]
Continue ReadingTHE DEMOCRAT Party yesterday formally asked Prime Minister Prayut Chan-o-cha to have his government review the Sino-Thai high-speed-rail project, claming it could not be justified economically. While supporting investment in development of the country’s rail system in general, and proper investment in the high-speed-rail project, Democrat Party leader Abhisit Vejjajiva said in the letter to […]
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RANGOON — After months of delay, a fourth telecoms operator has been approved for a license, said Win Than, Deputy Minister of Communication and Information Technology, in Naypyidaw on Friday. The telecoms license was awarded to three shareholders: Myanmar National Telecom Holding Public Ltd., formed from 11 private companies; Viettel, a Vietnam-based telecoms operator; and […]
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Experts question economic feasibility as work on a double-track railway is already under way on the same route. THE GOVERNMENT should call an international bid for the Bangkok-Nakhon Ratchasima high-speed-rail project, as it is no longer a joint venture with China, according to transport experts. Prime Minister Prayut Chan-o-cha has said Thailand will invest wholly […]
Continue ReadingThailand has pushed back the start date for construction of a multi-billion dollar rail line to link Bangkok to southwest China after a disagreement over the cost of the project, the Thai transport minister said on Friday. The project is part of China’s plan for a network of links across Southeast Asia as its economic […]
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Rankings announced on Tuesday by an independent Vietnamese evaluation company placed Vingroup at the top of the ten most reputable real estate developers in Vietnam in 2016. The rankings were prepared by Vietnam Report based on results which the firm said are independent, scientific, and objective studies of real estate businesses operating in Vietnam. The […]
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Thailand to hire China to build first 250km of northeast line starting later this year. THAILAND aims to seek “friendly” terms with China when it comes to the interest rate and price for the multi-billion-baht high-speed railway project, which will now fully paid for by the Thai side, Transport Minister Arkhom Termpittayapaisith said yesterday. “Since […]
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