SET-listed developer Sena Development Plc plans to launch nine new residential projects this year worth a combined 5.3 billion baht. It aims to achieve 4.52 billion baht in presales by the end of this year with growth of 27% from a year before. Despite the potential growth, deputy chief executive Kessara Thanyalakpark said the company […]
Continue ReadingThe Monetary Policy Committee (MPC) of the Thai central bank is closely monitoring the country’s property sector citing weak demand, as the sluggish economy and delays in infrastructure spending continue to dampen buyer enthusiasm. In its latest policy report, the committee said high outstanding supply in the property sector is a risk that warrants close […]
Continue ReadingThailand’s government will review 5,000 rules and regulations over the next 12 months in an attempt to loosen regulatory control in the country. CEO of Kiatnakin Bank Banyong Pongpanich, also a member of the junta’s legal overhaul committee, explained that many of the reviews will include laws that are not enforced or that pose obstacles […]
Continue ReadingThe construction market has slowed considerably in Yangon over the past year but developers hope that good times for the industry will return under the new government. When the Union Solidarity and Development Party first took power, development boomed, with high-rises, flyovers, bridges and luxury condominiums built at speed, fuelled by both foreign and local […]
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Company to debut in Bangkok later this year, with another property planned for Phuket A new luxury boutique hotel company has launched in Thailand and is planning a swift expansion of its portfolio. 137 Pillars Hotels & Resorts takes its name from the 30-suite 137 Pillars House Chiang Mai (pictured top), which becomes the first […]
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Some proposed plants, dams will affect the environment and and local people’s quality. POWER-PLANT projects that could generate up to 30,778 megawatts, proposed in the Power Development Plan 2015, have shown up in the city-planning exemption list announced by the National Energy Policy Council, raising concern among environmental activists over unregulated development. Thursday’s announcement also […]
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The power sector in Myanmar over the past five years has been characterised by ambitious plans and unrealised targets. While a few power projects have been completed during the outgoing government’s term, others were suspended or cancelled and dozens more remain in limbo. Myanmar remains one of the least-powered countries in Southeast Asia. Just over […]
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Ground has been broken on the Thai Boon Roong Twin Tower World Trade Centre, a project to build two 500m-high towers in the Cambodian capital of Phnom Penh. The scheme, whose value is reported by sources in the Cambodian media as either $2bn or $3bn, is to be built opposite NagaWorld, the country’s only casino. […]
Continue ReadingBanpu Pcl, Thailand’s largest coal miner, said on Friday it planned to invest $170 million in solar power in Japan, as part of plan to boost capacity of renewable energy to 800 megawatts (MW) by 2025. Banpu, which has diversified into the power business to minimise the impact from weak coal prices, has interests in […]
Continue ReadingInfrastructure 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 […]
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