Bangkok based factories for rent and condominium developer Chewathai Pcl expects to sell 262 million shares, equivalent to 35 per cent of its registered capital, through an initial public offering (IPO) by the end of March. Chewathai is a 51:49 joint venture between Thailand-based investors and TEE Development Pte Ltd, a subsidiary of Singapore’s listed […]
Continue ReadingSouth Korea’s TN Energy Co is teaming up with Lao State Fuel Co to set up a joint venture to produce bioethanol fuel called Power Gasoline (PG) for sale in the country. The joint venture, to be called Lao K-tech Co, will be established this year. The new company will be located at Dongphosy village […]
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SET-listed Grande Asset Hotels & Property (GRAND) has set its sights on owning 10 hotels by 2020 in a bid to sustain its revenue growth after a bumpy ride over the past five years. Newly-appointed chief executive Paisit Kaenchan said the company’s new mission was to balance revenue between its property and hotel businesses […]
Continue ReadingSETlisted developer Golden Land Property Development Plc (GOLD) has raised its annual land investment budget to 3 billion baht from the usual 1-2 billion after securing new funding in January. According to Somboon Wasinchutchawal, senior executive vice-president for finance and accounting, new funds worth 4.97 billion baht were made available following a capital injection by […]
Continue ReadingState Railway of Thailand calls for foreign-Thai JVs FOREIGN CONSTRUCTION companies are welcome to join the government’s infrastructure projects as long as they find a Thai partner, according to the State Railway of Thailand. SRT governor Wuthichart Kalyanamitra said yesterday that the authority was not preventing foreign firms from participating in the bidding for construction […]
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SET-listed Noble Development Plc plans to launch four new projects worth a combined 12 billion baht, aiming for 7 billion baht in presales by the end of the year. The company will have sales roadshows in Myanmar, Laos and Cambodia to tap demand for Bangkok condominiums. “Bangkok condos in the luxury segment are attractive to […]
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Bangkok will have two more electric train routes linking the capital’s eastern suburb to the southern suburbs, and its neighbouring Samrong district of Samut Prakarn province. The two rail projects were given approval by the Public-Private Partnership Committee yesterday. PPP gave approval for plans to invest in the construction of the Yellow and Pink mono […]
Continue ReadingTCC Group, which is controlled by Thai billionaire Charoen Sirivadhanabhakdi, said on Monday it planned to invest more than 23 billion baht ($644 million) through 2020 to build and renovate seven hotels in Thailand under the Marriott brand. The plan is designed to serve growing demand for tourism and business travellers in Thailand, a centre […]
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Thailand looks to drastically expand railways, highways and other core infrastructure in the coming years, aiming to make itself more appealing to investors by lowering logistics costs. The government plans to spend around 1.8 trillion baht ($50.8 billion) on 20 major infrastructure projects by 2022. Bidding will be completed by the end of 2017, with […]
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Koh Samui airport has been scheduled to receive a major renovation that is due to start in May or April this year. The changes, designed to ease bottlenecks, are anticipated to take anywhere between 12 and 18 months. This will be the largest undertaking at the privately owned airport since the last renovation around ten […]
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