The Anti-Money Laundering Office (Amlo) plans to seize 29 billion baht in assets from the corruption-plagued Khlong Dan wastewater treatment project in Samut Prakan province. Acting Amlo secretary-general Seehanat Prayoonrat said on Wednesday officials initially resolved to freeze 5.89 billion baht owed to the contractor, NVPSKG joint venture, before it is handed over. The sum […]
Continue Reading
As director of architecture and landscape at Atkins Asia Pacific, the team behind the design of Vietnam’s future tallest structure Vincom Landmark 81, Bertil De Kleynen believes that the time has come for the emerging Southeast Asian nation to make a strong statement in terms of contemporary building design. “Unlike many of its neighbours, Vietnam […]
Continue ReadingThe Export-Import Bank of Thailand (EXIM) Bank has established an agreement to provide an additional long-term loan for the construction of a tap water manufacturing facility in Luang Prabang, Laos, to facilitate water consumption in the Laos capital. The EXIM Bank Acting President Kematat Saicheur on 11 May witnessed a signing ceremony for a loan […]
Continue ReadingAccording to Ko Ko Htwe, the chairman of Taw Win Construction, most foreigners living in Myanmar cannot afford condominiums, despite the recent law enabling expats to purchase condo properties. Instead, most expatriates choose to stay in normal apartments and, according to Ko Ko Htwe, the market for condo sales is still cold. The Condominium Law, […]
Continue ReadingThailand will shutter its largest gold mine by the end of the year after the government said concern the project was damaging the environment and sickening workers outweighed its economic benefit. Kingsgate Consolidated Ltd., the Australian producer which operates the Chatree mine through its Akara Resources Pcl unit, halted its shares Wednesday in Sydney and […]
Continue Reading
Construction of a domestic airport for Sa Pa, a popular tourist town in northwestern Vietnam, could begin this year. The Lao Cai province, home of the tourist destination, has mooted the plan with backing from several ministries, the Thanh Nien news reported. The proposed project could begin in the third quarter of this year if […]
Continue ReadingThe Bangkok Metropolitan Administration (BMA) has introduced the first ever waste-to-energy plant in the capital, which uses garbage to produce up to five megawatts per day. Bangkok Governor M.R. Sukhumbhand Paribatra, who presided over the opening ceremony of the plant, said as much as 500 tons of trash will be turned into electricity. The plant […]
Continue Reading
Building contractors are complaining about the steady rise in iron rods for construction in the past two months and also scarcity of the product which will impact on construction industry in the country. Mr Angsurat Areekul, an advisor to the Association of Thai Construction Industry, claimed that, in the past two months, the price of […]
Continue Reading
On the 18th of February, a groundbreaking ceremony was held for IKEA’s new store in Bang Yai, Nonthaburi, Thailand. The new store will be located in the new Central WestGate shopping complex which when complete will be one of Thailand’s largest shopping malls. The new store is deliberately designed not to be a ‘blue box’. […]
Continue Reading
Japan’s foreign minister announced a multibillion-dollar initiative yesterday to promote development in Southeast Asia’s Mekong region, which encompasses parts of Vietnam, Laos and Thailand through which the river flows. In a speech at Chulalongkorn University in Bangkok, Fumio Kishida affirmed the importance of Southeast Asia’s economic prosperity to Japan. He pledged 750 billion yen (USD7 […]
Continue Reading