CIMB Thai Bank is facilitating lending to Thai companies in renewable energy as it believes the prospects for the sector are bright in line with growing demand for electricity generation when the Asean Economic Community (AEC) is fully realised next year. The bank has been giving great importance to renewable energy and Thailand has potential […]
Continue ReadingVietnamese lawmakers have approved a law allowing broad foreign ownership of property, as the government seeks to boost an ailing real-estate market and accelerate economic growth. Foreigners with a valid visa as well as foreign companies and international organizations operating in Vietnam now will be permitted to purchase houses and apartments, according to the National […]
Continue ReadingThailand fully supported the construction of a new bridge to link the country with central Laos, Prime Minister Prayut Chan-o-cha said on Thursday. Prime Minister Prayut Chan-o-cha (left) talks with his Vietnamese counterpart Nguyen Tan Dung as they walk toward Mr Dung’s Cabinet Office in Hanoi on Thursday. Gen Prayut was in Hanoi after visiting […]
Continue ReadingWhy should Thailand be the one to act on the controversial Xayaburi hydropower dam on the Mekong River? Although the project is located in Laos, responsibility for this disaster-in-progress rests squarely with Thailand — and only Thailand can halt construction, by suspending the power purchase agreement (PPA) for the Xayaburi dam by our energy giant […]
Continue ReadingThe Electricity Generating Authority of Thailand (Egat) has announced expenditures of nearly 300 billion baht over the next six years. Governor Soonchai Kumnoonsate said under the 2015-20 business plan, that amount would be used mainly for upgrading high-voltage transmission lines nationwide and building new coal-fired power plants to secure the electricity supply. Beginning in the […]
Continue ReadingThe Cabinet yesterday approved a draft memorandum of under-standing (MoU) with the Chinese government to construct double-track railroads between major logistics centres in Thailand. “The MoU and the destinations [as proposed by the Transport Ministry] have been approved by the Cabinet and the project will now be up for deliberation by the NLA. But the […]
Continue ReadingThe Department of Pollution Control will ask NVPSKG to reduce the 9.1 billion baht in compensation ordered by the Supreme Administrative Court (SAC) for the Klong Dan waste-water project. Wichien Jungrungruang, the department chief, said he will discuss with the NVPSKG consortium to try and reduce the department’s penalty. He said almost half of the […]
Continue ReadingThe Electricity Generating Authority of Thailand (Egat) has confirmed Thailand will have to build more coal-fired power plants to meet its energy needs since future supplies of natural gas are uncertain and renewable energy is expensive. Wiwat Chancherngpanich, Egat’s assistant governor for power plant construction, said Thailand has no choice other than coal if it […]
Continue ReadingHitachi, a Japan-based multinational conglomerate, is relying on Thailand as its regional hub for the development of logistics and supply-chain networks for the Greater Mekong Subregion, said president and chief operating officer Toshiaki Higashihara. Under the strategy, Hitachi will use its logistics operation in Thailand for cross-border transport of parts and components produced by […]
Continue ReadingThe Mass Rapid Transit Authority will tap local sources to borrow more than 200 billion baht next year to fund construction of five electric railways, Pongpanu Svetarundra, deputy permanent secretary for finance, said Monday. Mr Pongpanu an MRTA director, said that the state enterprise expected lower interest rates from local financial institutions. Foreign institutions also […]
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