Chinese tourists to drive regional growth SET-listed Erawan Group Plc (ERW) is aiming to invest 10 billion baht to expand its hotel business, mainly in Thailand and the Philippines, over the next five years. The five-year investment plan for 2016-20 is expected to increase the company’s revenue to almost 10 billion baht by 2020. Of […]
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MHG International Holding (Singapore), a wholly-owned subsidiary of Thailand’s listed Minor International Pcl, has formed a 50:50 joint venture company with PT Wijaya Karya Realty to develop and operate hotel and residences in Indonesia. The new company, PT Wika Realty Minor Development, has a registered capital of 260 billion Rupiah, divided into 260,000 shares with […]
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Thailand’s leading sugar producer Mitr Phol is to purchase another biomass power plan to increase the electricity generating capacity in its energy business. Thailand based sugar manufacturer Mitr Phol Sugar Corp has entered into a memorandum of understanding (MoU) to acquire Power Prospect Co’s biomass power plant from Power Line Engineering Pcl and existing shareholders […]
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Thailand’s listed property developer Everland Pcl (EVER) is joining hands with Arthit Ourairat, the founder of Thailand-based Rangsit University, to establish a 300-bed Rangsit International Hospital with total investment of around 6 billion baht ($170 million). EVER will hold 30 per cent in the joint venture through its subsidiary My Hospital Co Ltd, and Arthit […]
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LAMPANG, 9 February 2016 (NNT) – The Minister of Energy has observed EGAT’s operations and constructions of new the generators at Mae Mo power plant. The Minister of Energy Gen Anantaporn Kanjanarat has led a team from the Ministry to observe the progress of the Electricity Generating Authority of Thailand’s (EGAT) 4th-7th generators construction, replacing […]
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Wind Energy Holding (WEH), one of the largest wind power operators in Southeast Asia, has delayed its listing plan to 2017 as it needs to overhaul the company structure. Earlier, it was scheduled to submit the first filing to the Office of Securities and Exchange Commission in the first quarter of this year. However, the […]
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Long-anticipated revisions to Burma’s Mining Law, which were passed by the outgoing Parliament at the end of last year, could spur foreign investment in a sector that is still vulnerable to frontier market perils. The new law, which was finalized after being stalled in Parliament for more than two years, is significantly more favorable to […]
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Phuket airport’s long-delayed expansion will reach a milestone on Feb 14 when the new passenger terminal has its trial run. The scheduled kick-off follows the completion of the four-storey international terminal that forms the major part of the 5.14-billion-baht expansion of the country’s third-busiest airport. A Thai Airways International flight, TG 609 from Hong Kong, […]
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LAOS, OFTEN called the “Battery of Asean”, will live up to its name by supplying Asean power at a critical time, when energy demand in the region’s fast growing economies threatens shortages amid several infrastructure and urbanisation projects, pledged Laos Vice Minister for Energy Viraphonh Vilavong. Thailand, which depends on natural gas for 70 per […]
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THE CONTROVERSIAL Thai-Chinese medium-speed railway project requiring an estimated investment of over Bt500 billion is facing increased uncertainties after the Thai government insisted that China should take more financial responsibility for the 800km-plus rail route from Bangkok to Nong Khai province in the Northeast. Meanwhile, the Jakarta Post reported that Indonesia’s first high-speed railway connecting […]
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