Japanese keen on Burma’s Dawei work

Thailand has welcomed interest by Japanese investors in partnerships with Thai companies to invest in Burma’s $58-billion Dawei development project. The proposal emerged during meetings this week in Bangkok involving representatives of Nippon Keidanren, which represents leading Japanese companies such as Sumitomo, Mitsubishi, Hitachi, Toray Industries, Mizuho Financial Group, and All Nippon Airways. Japanese companies […]

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Thailand, China Plan Rail Project

Thailand expects to sign a memorandum of understanding with the Chinese government in April to co-develop a 150 billion Thai baht ($4.89 billion) high-speed rail project, Permanent Secretary for Transport Suphoth Sublom said late Wednesday. Under the drafted memorandum, the 620-kilometer high-speed railway project linking Nong Kai in the northeast and the capital Bangkok will […]

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Chevron contracts Transocean rigs for Thailand

Chevron has awarded a five-year contract to Transocean Ltd. for use of two newbuild jackup rigs offshore Thailand. Drilling is expected to begin in 1Q 2013 and 3Q2013, depending upon the construction and mobilization schedule. Contract cost is about $246 million per rig, with dayrate adjustments possible over the last two years. Transocean has a […]

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MRTA to open bids for green line extension in March

The Mass Rapid Transit Authority of Thailand (MRTA) expects to start the bidding process for the first contract for the construction of the MRT green line extension from Bearing to Samut Prakarn on March 15-23 this year. Soithip Trisuddhi, Director-General of Office of Transport and Traffic and Planning and board member of the MRTA, said […]

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Hilton Worldwide Signs Two Management Agreements in Thailand

Hilton Worldwide announced the signing of two management agreements with TCC Hotel Group for a new build Hilton Hotels & Resorts hotel and a conversion project to be rebranded as a DoubleTree by Hilton hotel. Both properties are due for completion in 2012. TCC Land Group is a leading real estate company in Thailand with […]

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Three new properties unveiled by Sofitel

Sofitel has announced the launch of three new properties – each incorporating the group’s So SPA concept – at locations in Austria, Mauritius and Cambodia. The unveiling of the 201-room Sofitel Phnom Penh Phokeethra sees the hotel operator open its first Cambodian So SPA, which blends Khmer treatments with French-style spa care. Facilities at the […]

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Singapore ranked world’s 5th most expensive city to rent

Property rents are on the rise throughout Asia on the back of strong economic growth, with Singapore’s 15 per cent rise last year earning it the accolade of the world’s 5th most expensive city to rent a two-bedroom property. Tokyo is the most expensive location globally, according to a report by international human resources solutions […]

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Thai MRTA to Seek Bids for THB17.23 Billion Civil Works for Urban Rail Project (the ‘green line’)

The Mass Rapid Transit Authority of Thailand’s board Tuesday approved a plan to seek bids for THB17.23 billion ($561 million) worth of civil construction works for an extension to Bangkok’s elevated rail system. The civil works for the 12.6-kilometer extension of the green line that will link a Bangkok suburb to the southeastern province of […]

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Gaysorn developing Mode Sukhumvit 61 in Bangkok

Gaysorn Property has resumed residential development with the launch of its second condominium project on Sukhumvit soi 61 worth THB1.3 billion (US$42.35 million). After the launch of its first residential project Domus on Sukhumvit 16 four years ago, the company will launch the Mode Sukhumvit 61 next month. This low-rise condominium development will be located […]

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