Infrastructure 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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
Kosmopolitan Hospitality to manage new 122-room Phuket property The new Days Inn Patong Beach Phuket is a 122-room hotel located in Phuket’s main resort area, six minutes’ walk from the beach. Formerly known as the Aloha Villa Phuket, the hotel was given a makeover prior to rebranding as a Days Inn. Its facilities include two […]
Continue Reading
Dusit International has worked with EarthCheck since 2009 to implement a sustainability management system which aligns to the group’s corporate social responsibility approach. Dusit International has become the first hotel group in Thailand to have multiple properties awarded Gold Certification by EarthCheck, the world’s leading environmental management and professional service group. Nine Dusit International properties […]
Continue Reading
China National Heavy Machinery Corporation (CHMC) reached a contract with Cambodia’s state-owned Electricité du Cambodge (EdC) on Wednesday to build rural power transmission lines, which will cover 13 provinces. The contract was inked here between CHMC’s chairman Lu Wenjun and EdC director-general Keo Rattanak. According to a press release, about 85 percent of the nearly […]
Continue Reading
The Royal Group conglomerate has signed off on a $10 million loan from the Bangkok-based Export-Import Bank of Thailand (EXIM Thailand) for the construction of a five-star hotel and resort in Koh Rong Island. The $16 million Royal Sands Koh Rong project is a joint-venture between Royal Group, owned by media and telecom tycoon Kith […]
Continue Reading
Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011), Hitachi, Ltd. (Hitachi) (TOKYO:6501) and Sumitomo Corporation (Sumitomo) (TOKYO:8053) were awarded a contract by State Railway of Thailand (SRT) to design and build an Electric and Mechanical (E&M) system, as a full turn-key package, for Red Line Construction Project. The contract price is approximately 32.399 billion Thai Baht and […]
Continue ReadingMyanmar’s Energy Ministry has signed a 10-billion-baht concession agreement with a Thai company to produce electricity within the Dawei Special Economic Zone (SEZ). The Thai company, United Power Of Asia PCL (UPA), recently inked the 30-year agreement with the government of Myanmar to build a natural gas power plant, which has a capacity of 200 […]
Continue Reading