PROPERTY PRICES continue to rise in Southeast Asia, especially in Thailand, Vietnam, Laos and Myanmar, driven largely by plans to develop the countries’ infrastructure to link their transportation systems and serve demand under the Asean Economic Community. In Thailand, land prices close to the mass-transit system in Bangkok have risen over the past five years […]
Continue ReadingA feasibility study for a railway linking the Lao capital of Vientiane with Vung Ang seaport in central Ha Tinh province of Vietnam has begun, a senior Lao official has said. The study of the 550km-long rail line is set to take about two years to complete, scheduled from December 2015 to December 2017, according […]
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Russia has expressed interest in setting up a plant in Thailand to manufacture weapons to meet local and regional demand, and in investing in Thai railways. The offer was made to the delegation led by Deputy Prime Ministers Prawit Wongsuwon and Somkid Jatusripitak during their visit to Moscow from Feb 23 to 25, according to […]
Continue ReadingMaking international news out of Malaysia, is the city of Kuala Lumpur who has put a freeze on new hotel licenses for an unspecified period. This includes all tiers from budget to luxury properties, but excludes those hotels which have obtained approval yet have not commenced construction. Meanwhile Bali Update has reported that the Indonesian […]
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AccorHotels and Avista Resort and Spa Patong Company Limited have signed an agreement for AccorHotels to manage three properties in Phuket. Two resorts will be rebranded as Novotel Phuket Kata Avista Resort and Spa and Avista Hidewaway Phuket Patong, MGallery by Sofitel 1 April. The third is the new-build Avista Grande Phuket Karon, MGallery by […]
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Energy policymakers plan to give the private sector better access to the state solar rooftop programme in a bid to promote the use of solar power. The programme for businesses will be liberalised, allowing private companies to apply for solar rooftop development licences with a combined generating capacity of 100 megawatts, said Energy Minister Anantaporn […]
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Thailand- based industrial estate developer Amata Corporation has set up a 42:58 joint venture firm with Bangkok Industrial Gas (BIG) to run industrial gases business to serve demand in industrial estates. The joint venture company, Amata Industrial Gas Co, will provide the service of industrial gases and related innovation to the factories in Amata City […]
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Xinjiang Goldwind Science & Technology (HKG:2208) leads Bloomberg New Energy Finance’s (BNEF) annual rankings of onshore wind turbine makers with 7.8 GW of capacity commissioned in 2015. This is the first time a Chinese company has ranked number one in the chart. Denmark’s Vestas Wind Systems A/S (CPH:VWS) came in second with 7.3 GW commissioned, […]
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Minor Hotel Group has formed a 50/50 joint venture with Indonesia-based PT Wijaya Karya Realty to build a USD 41.4 million resort due to open in 2019. The new-build Anantara Ubud will offer 70 units including suites and pool villas, restaurants, a bar and pool lounge. In addition, 30 Anantara branded residences will be developed […]
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AccorHotels’ opened its, Novotel Samui Resort Chaweng Beach Kandaburi, earlier this month, as the group plans expansion at more Thai beach resorts. The first Novotel on Samui island, the property is located on Chaweng Beach, a five-minute transfer by local bus to the bay’s shopping and nightlife strip and a 10- minute transfer from Samui […]
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