The property market in Bangkok and its suburbs could fall by about 5 per cent this year due to a host of negative factors. These are: the end of propertytax incentives last year; higher interest rates; rising construction costs; and the Bank of Thailand’s policy to limit mortgages to 90 per cent of a condominium’s […]
Continue ReadingThe Hoontrakul family is returning to property development this year with the launch of a green community mall in Cha-am in Phetchaburi province in April. Anek Hoontrakul, president of St James Hotel Co, said the company would spend 450-500 million baht to develop the project on an 86-rai plot next to Dusit Resort and Polo […]
Continue ReadingLargest IPP in Japan plans to bring clean technology to local coal-fired plants J-Power, Japan’s largest independent power producer (IPP), is eyeing Thailand as a centre for Asean investment because of the country’s potential growth in electricity demand, and hopes to supply advanced clean technology for use in Thai coal-fired power plants. The company is […]
Continue ReadingIn October 2010 CoGri Asia Ltd completed the first ever steel fibre only reinforced concrete (SFRC) slab on piles to be constructed inside China. The project was built for a major UK retailer at their new distribution centre in Jiashan, Zhejiang province, China. Face Consultants carried out the structural analysis and the design of pile […]
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Zinc InVision, a joint venture between Thailand’s InVision Hospitality and Singapore investment firm Cinnovation CG, will develop 28 hotels across the Middle East by 2020 as part of a $180m plan to take a slice of the Asian tourism market. The Bangkok-based firm plans to initially launch four deluxe hotels, two five-star and two mid-tier […]
Continue ReadingJapan’s Aichi Steel Corp. plans to construct a factory in Thailand as soon as 2012 as automakers boost procurement in the country. The company will initially invest 1-2 billion yen (US$12.1-24.3 million) to launch production of crankshafts, gears and other forged products there. At start-up, the plant will be able to turn out 10,000 tons […]
Continue ReadingLAGUNA PHUKET is closing the Sheraton Grande from mid-year 2011 to the next high season for a 500 million baht transformation that will see it reopen as an Angsana. The Sheraton has pride of place at Laguna on a peninsula that runs between two lagoons to the Bang Tao beachfront. It’s an idyllic location but […]
Continue ReadingConstruction machinery imported from China is not a threat as long as the product quality, after-sales service, sales network and spare parts availability are not on par with those of locally made products, says Pranitan Phornprapha, executive vice-president of Bangkok Komatsu Sales Co (BKS). The threat of the Chinese-made products is looming on the horizon […]
Continue ReadingTwo Chaiyaphum sites to generate 100 MW SET-listed Glow Energy Plc, a unit of France-based GDF Suez, is ready to spend US$300 million to develop two wind turbine projects in Chaiyaphum generating a combined 100 megawatts. The independent power producer (IPP) has been securing hundreds of rai in the northeastern province while it is in […]
Continue ReadingCastlewood Group building luxury hotel at Bang Tao Beach in Phuket, Thailand Singapore based Castlewood Hotels and Resorts has announced the launch of a new two hundred key hotel project near Laguna Village and Bang Tao Beach in Phuket, Thailand. Castlewood Group’s in house hospitality brand, 8over8, will manage the new hotel which will consist […]
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