The Royal Group conglomerate has signed off on a $10 million loan from the Bangkok-based Export-Import Bank of Thailand (EXIM Thailand) for the construction of a five-star hotel and resort in Koh Rong Island. The $16 million Royal Sands Koh Rong project is a joint-venture between Royal Group, owned by media and telecom tycoon Kith […]
Continue Reading
Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011), Hitachi, Ltd. (Hitachi) (TOKYO:6501) and Sumitomo Corporation (Sumitomo) (TOKYO:8053) were awarded a contract by State Railway of Thailand (SRT) to design and build an Electric and Mechanical (E&M) system, as a full turn-key package, for Red Line Construction Project. The contract price is approximately 32.399 billion Thai Baht and […]
Continue ReadingMyanmar’s Energy Ministry has signed a 10-billion-baht concession agreement with a Thai company to produce electricity within the Dawei Special Economic Zone (SEZ). The Thai company, United Power Of Asia PCL (UPA), recently inked the 30-year agreement with the government of Myanmar to build a natural gas power plant, which has a capacity of 200 […]
Continue Reading
The government yesterday reaffirmed its decision to go ahead with the first high speed train from Bangkok to Nakhon Ratchasima or Korat. The affirmation came as former finance minister Korn Chatikavanich called on the government to revise, reasoning it is not worth investment, and will bring the country in heavy interest burden. Transport minister Arkhom […]
Continue Reading
The cabinet yesterday approved several economic stimulus packages that include the construction of the Pink and Yellow electric rail routes. Finance Minister, Apisak Tantiworawong said the packages has been proposed by the Finance Ministry. He said the Pink Line will connect Khae Rai in Bangkok’s west to Minburi in the eastern part of the capital. […]
Continue ReadingThe Myanmar Investment Commission (MIC) approved 48 projects at its meeting on March 25. The MIC’s decisions have been criticised as some of the approved projects belong to companies related to two of former President Thein Sein’s economic advisors—Khin Maung Aye and Ko Ko Gyi. Furthermore, some companies had up to five projects approved that […]
Continue Reading
Competition in the warehouse market, particularly in Samut Prakan and the Eastern Seaboard, is expected to heat up this year as local developers get in on the act, according to property consultant Knight Frank Thailand Co. Increased investment in warehouse projects outside traditional areas is also expected, thanks to the government’s planned 2-trillion baht investment […]
Continue Reading
Thailand’s Cabinet on Tuesday (March 29) approved a 111 billion baht (S$4.3 billion) project to build two new rail lines in the Thai capital, part of a wider infrastructure push by the ruling junta as it seeks to boost a sluggish economy. Thai Transport Minister Arkhom Termpittayapaisith said the Cabinet approved construction of a Pink […]
Continue Reading
Siemens has a strong focus on ASEAN, and under its local-for-local concept, the multinational firm seeks to answer customers’ power needs by mixing local resources with its proven international expertise. “Where the customer needs us, we are acting accordingly to build up our local resources,” said Markus Lorenzini, President & CEO Siemens Thailand, Myanmar & […]
Continue Reading
Myanmar is moving forward with plans to build the 66-MW Maingwa hydroelectric project on Nantlway Creek in area controlled by National Democratic Alliance Army. Myanmar’s Ministry of Electric Power (MOEP) and special-purpose company, Shan State East Development Company Ltd., signed a contract on March 22 under a build-operate-transfer (BOT) system to implement the Maingwa project […]
Continue Reading