Chinese Firm Wins EPC Contract for Oil Refinery in Cambodia

China National Petroleum Corporation (CNPC) Northeast Refining & Chemical Engineering Company on Wednesday secured an engineering, procurement and construction (EPC) contract from a Cambodian conglomerate to construct a 620 million-U.S.-dollar oil refinery in its first phase. The EPC contract was inked here between Li Limin, chairman of CNPC Northeast Refining & Chemical Engineering Company, and […]

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Bank of Thailand warns over ebbing demand in South

With an unfavourable economy and the property market slowing, developers in southern Thailand must work harder to understand demand, develop better quality products and manage risks prudently, says a senior Bank of Thailand official. Sureeratana Luckananit, senior director at the central bank’s southern region office, said the global economic recovery would be gradual and likely […]

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Finance Ministry Considering Incentives for Property Developers That Build Homes for Seniors

Thailand’s Finance Ministry is considering offering incentives to property developers that build homes for Thai seniors. Thailand’s population is aging, according to Wisudhi Srisuphan, Deputy Finance Minister. Mr. Wisudhi stated that the government wanted property developers to build homes for the disabled and elderly that were innovative. “If property firms developed innovative homes, they could […]

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