Swiss hospitality firm Movenpick Hotels & Resorts still sees potential in Thailand’s upscale hotel segment, particularly in Bangkok, and plans to double its hotels in the country to eight by 2017. Jens Reichert, vice-president for development, said Thailand was one of the most attractive tourism destinations in Southeast Asia. Bangkok may be facing an oversupply of […]
Continue Reading
Thai government officials have denied media reports that Bangkok has signed an agreement with Beijing to construct a shipping canal through the Kra Isthmus that could allow ships to bypass the Straits of Malacca. A boat travels along a canal in Thailand. (Photo: Pornchai Kittiwongsakul/AFP) BANGKOK: Senior Thai officials on Tuesday (May 19) denied reports […]
Continue Reading
“Cheap” energy fails to take into account the permanent environmental devastation, the social breakdown and the long-term repercussions. (File photo) The National Energy Policy Council last week approved Thailand’s new Power Development Plan (PDP 2015), which lays out Thailand’s energy and investment plans for the next 21 years. The plan aims to double Thailand’s installed energy […]
Continue Reading
Visual from BTS homepage Thailand based real estate developer Sansiri PCL announced that it would be setting up seven joint venture companies with BTS Group Holdings towards the development plan for new residential projects, over the next 12 months. Under the Strategic Alliance Framework Agreement, Sansiri and the BTS Group will hold 50 per […]
Continue ReadingSoonchai Kumnoonsate, the governor of the Electricity Generating Authority of Thailand, insisted that it is necessary to proceed with the planned power plant in Krabi due to increasing power demand in the southern part. He said that the region’s power consumption has peaked at 2,700 megawatts, against the generating capacity of 2,300MW. Meanwhile, demand in […]
Continue Reading
Thailand’s hotel investment market remains buoyant and attractive to both domestic and foreign real estate investors. It has improved steadily since the market slump during the global financial crisis that erupted in 2009. Transaction values tracked by the Hotels and Hospitality Group of JLL in Thailand reached 13.9 billion baht in 2014, or 5.7% of […]
Continue Reading
Trang airport is expected to handle 600,000 passengers this year — nearly six times the number it saw in 2007. (Photo by Methee Muangkaew) TRANG — The Department of Civil Aviation will improve Trang airport to handle an increase in flyers, says airport general manager Thaworn Saengamphai. The expansion plan includes a new passenger terminal […]
Continue ReadingPut a question to Bangkok people as to whether they would like a promenade along the Chao Phraya River where they could go for a casual walk, and the answer will likely be positive. Ask cyclists who are risking their lives on the city’s mean streets if they want a chance to cycle along safe […]
Continue ReadingUnder a draft decree being proposed by the Ministry of Construction, foreigners can extend their property ownership in Vietnam after their 50-year ownership expires under the Housing Law, but not for more than an additional 50 years, Viet Nam News reported. An article of the draft says the provincial People’s Committee is authorised to extend […]
Continue Reading
Labourers work at the construction site of a condominium near the BTS Wutthakat station in Thon Buri on March 30, 2015. Land prices along the BTS lines more than doubled over the past 16 years, according to AREA. (File photo by Patipat Janthong) Houses and condominiums in Hua Hin and Pran Buri districts of Prachuap […]
Continue Reading