By John Draper, Peerasit Kamnuansilpa Doubts over financing, speed and who operates the line are NCPO The vision behind China’s Trans-Asia Railway is breathtaking and seeks to re-establish the classical Silk Road in a re-imagined Silk Road Economic Belt. It would bring Bangkok into direct contact with the economic powerhouse of Chengdu, capital of Szechuan […]
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Contractors suffocate after accidentally triggering fire extinguisher system in the headquarters of a major Thai bank, causing oxygen levels to plummet Eight people died and seven were injured when they accidentally triggered a fire extinguisher system in the headquarters of a major Thai bank, releasing a suffocating cloud of chemicals. The accident occurred late on […]
Continue ReadingWind Energy Holding (WEH), majority owned by Thailand’s KPN Group, announced today the decision to invest in CWP Renewables (CWP), a leading renewable energy developer and asset manager in Australia. WEH struck the deal to buy the stake in CWP from Continental Wind Partners and the Wind Prospect Group. WEH will also purchase 50 per […]
Continue ReadingOPTIMISTS BELIEVE the controversial Thai-Chinese railway project, which has been under negotiations for more than three years, will go ahead despite some hindrances resulting from new conditions initiated by the Thai side. On November 17, the Thai Cabinet approved a Framework of Cooperation (FoC) agreement with China for development of Thailand’s transport infrastructure from 2015-22. […]
Continue ReadingThailand’s Deputy Prime Minister in Charge of Economic Affairs Dr. Somkid Jatusripitak, who arrived in Sri Lanka on 8th March for a five day visit, has sought Sri Lanka’s cooperation on sea transport between the Port of Colombo and Dawei Deep Sea Port that is under construction in Myanmar. Deputy Prime Minister Somkid along with […]
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With the swift growth of Cambodia’s economy, which has maintained average expansion of 7 percent per year over the past two decades, the country’s property and construction sector is booming. Real-estate is attracting investment of more than $1 billion a year and has become a driver of economic growth. As skyscrapers, apartments, condos and other […]
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Construction of the $2 billion, 133-story twin tower skyscrapers planned to rise opposite NagaWorld will start in the middle of this year, an official who helped design the project told Khmer Times yesterday. Tous Saphoeun, dean of the Architecture and Urban Planning Faculty of Mathematics, Sciences and Engineering at Pannasastra University, also said the massive […]
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Bangkok based factories for rent and condominium developer Chewathai Pcl expects to sell 262 million shares, equivalent to 35 per cent of its registered capital, through an initial public offering (IPO) by the end of March. Chewathai is a 51:49 joint venture between Thailand-based investors and TEE Development Pte Ltd, a subsidiary of Singapore’s listed […]
Continue ReadingSouth Korea’s TN Energy Co is teaming up with Lao State Fuel Co to set up a joint venture to produce bioethanol fuel called Power Gasoline (PG) for sale in the country. The joint venture, to be called Lao K-tech Co, will be established this year. The new company will be located at Dongphosy village […]
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SET-listed Grande Asset Hotels & Property (GRAND) has set its sights on owning 10 hotels by 2020 in a bid to sustain its revenue growth after a bumpy ride over the past five years. Newly-appointed chief executive Paisit Kaenchan said the company’s new mission was to balance revenue between its property and hotel businesses […]
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