OPTIMISTS BELIEVE the controversial Thai-Chinese railway project, which has been under negotiations for more than three years, will go ahead despite some hindrances resulting from new conditions initiated by the Thai side. On November 17, the Thai Cabinet approved a Framework of Cooperation (FoC) agreement with China for development of Thailand’s transport infrastructure from 2015-22. […]
Continue ReadingThailand’s Deputy Prime Minister in Charge of Economic Affairs Dr. Somkid Jatusripitak, who arrived in Sri Lanka on 8th March for a five day visit, has sought Sri Lanka’s cooperation on sea transport between the Port of Colombo and Dawei Deep Sea Port that is under construction in Myanmar. Deputy Prime Minister Somkid along with […]
Continue Reading
With the swift growth of Cambodia’s economy, which has maintained average expansion of 7 percent per year over the past two decades, the country’s property and construction sector is booming. Real-estate is attracting investment of more than $1 billion a year and has become a driver of economic growth. As skyscrapers, apartments, condos and other […]
Continue Reading
Construction of the $2 billion, 133-story twin tower skyscrapers planned to rise opposite NagaWorld will start in the middle of this year, an official who helped design the project told Khmer Times yesterday. Tous Saphoeun, dean of the Architecture and Urban Planning Faculty of Mathematics, Sciences and Engineering at Pannasastra University, also said the massive […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading