The office market and upmarket residential developments will continue to be good investments this year due to limited supply and strong demand amid the sluggish economy and rising asset prices, according to property consultant CBRE (Thailand). Aliwassa Pathnadabutr, CBRE’s managing director, said despite the overall sluggishness of the Thai economy, property prices would keep rising, […]
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Savills has expanded in Thailand by appointing a new associate and claims the alliance is the first of its kind between two leading real estate advisors in Thailand. The connection with Bangkok-based Nexus Property Consultants Co. Ltd. increases Savills’ presence in South East Asia to 59 operations across 17 countries in the region and boosts […]
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Bhutan is developing wind and solar to reduce its reliance on hydropower and reduce electricity imports every winter In a small traditional ceremony, the Prime Minister of Bhutan, Tshering Tobgay inaugurated the country’s first wind turbines in Rubesa gewog – a group of villages in the western district of Wangduephodrang. Although the installation involved only […]
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The progress of work on the new parliament building is only 18% complete and contractors will again miss their year-end deadline, which comes after a one-year extension granted earlier. The extended construction period of 387 days, given to Sino-Thai Engineering & Construction Plc late last year, appears to have helped little, according to National Legislative […]
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BOLIKHAMSAI, 16 February 2016: The construction of the 5th Lao-Thai Mekong Friendship Bridge, which will connect Bolikhamsai province in Lao PDR to Thailand’s Bung Kan province, should begin in 2019. Lao News Agency quoted Department of Public Works and Transport’s Road Management Division head, Vixay Phoumy, saying the survey and design of the bridge is […]
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Vietnam has allowed a local investor to take over and restart a troubled port project near the central town of Nha Trang, six years after state-owned shipping giant Vinalines called it quits due to financial problems, local media reported on Monday. In the first stage of the project, Nha Trang Port JSC will spend VND417 […]
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IHG® (InterContinental Hotels Group) today announced the signing of a management agreement with Proud Resort Phuket Co., Ltd to develop InterContinental Phuket Resort, as part of a luxury community project, MontAzure, in the most exclusive area on Phuket’s stunning west coast marking InterContinental Hotels & Resorts’ debut on Thailand’s largest island. Scheduled to open in […]
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Mosques, religious, school, cemeteries would have to move. ACTIVISTS have voiced concern that a coal-fired power plant proposed for Thepa district in Songkhla will cause more violence in the Deep South – as mosques, a religious school and Muslim cemeteries would have to be moved to make way for the plant. They also claimed that […]
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Thai tycoon Charoen Sirivadhanabhakdi has secured the 58.6 per cent stake in Big C Thailand from French retailer Group Casino after a short bidding process. The controlling interest will be bought by Charoen’s holding company TCC Holdings which late last year bought the Metro Vietnam business from Germany’s Metro AG for €655 million and is […]
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The Purple railway line between Bangyai and Taopoon will start full test run in May and it will be operational in August to celebrate the birthday anniversary of Her Majesty the Queen, said Prime Minister Prayut Chan-ocha in his weekly Returning Happiness to the People programme Friday night. Then the prime minister gave the tentative […]
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