Homebuyers can shop around at their leisure as residential prices should remain stable for the rest of this year, since building material suppliers are facing weak consumer purchasing power and high market competition. Most suppliers say that although oil prices and interest rates are going up, they still have to shoulder the higher costs because […]
Continue ReadingVietnam’s ambition to develop a strong maritime industry, exploiting its extensive coastline and strategic location, has taken a hit because of the near collapse of Vinashin, the heavily indebted state-owned shipbuilder that was meant to be a national champion. But while industrial shipbuilding may be passé, some investors believe that Vietnam has the potential to […]
Continue ReadingThailand’s largest private power producer Ratchaburi Electricity Generating Holding has entered into a shareholder agreement for a cogeneration small power producer (SPP) project with capacity of 122 MW of electricity and 15 tonnes per hour of steam. The project is located in the Nava Nakorn Industrial Promotion Zone in Pathum Thani, and commercial operation is […]
Continue ReadingChevron Thailand Exploration and Production is on track to commence production at its new Pla Thong 2 gas field in the Gulf of Thailand by year-end. President Pairoj Kaweeyanun said yesterday that construction of the US$3.1-billion (Bt95.8 billion) gas field was still on schedule. Pla Thong 2 will start producing natural gas at 330 million […]
Continue ReadingThe latest firm to present itself as a contender for building Phuket’s light rail system yesterday proposed building a skytrain – like the one in Bangkok – as the island’s mass transit system instead. Tophon Kraianupongsa, managing director of Gold Phoenix Construction Consulting (Thailand) Co Ltd, yesterday pitched the idea to Phuket Governor Tri Augkaradacha […]
Continue ReadingCentara Hotels & Resorts has signed a management contract with Oversee Construction Co Ltd for a new Bangkok property to be called the Centara Watergate Pavillion Hotel. Located in the popular business and tourist district of Pratunam, the premium four-star hotel will have 288 rooms as well as two restaurants and bars, the Spa Cenvaree, […]
Continue ReadingPace Development Co plans to raise its capital by one-third to four billion baht this year and start construction piling for its MahaNakhon luxury project this month to bolster buyers’ confidence after a six-month delay. At the same time, its Israeli partner, Industrial Buildings Corporation (IBC), is committed to continuing its investment in the 18-billion-baht […]
Continue ReadingPace Development Co plans to raise its capital by one-third to four billion baht this year and start construction piling for its MahaNakhon luxury project this month to bolster buyers’ confidence after a six-month delay. At the same time, its Israeli partner, Industrial Buildings Corporation (IBC), is committed to continuing its investment in the 18-billion-baht […]
Continue ReadingItalian-Thai in talks to sell an additional 3,600 megawatts of power to EGAT from the plant Italian-Thai Development PCL President Premchai Karnasuta said Wednesday the investment cost of a planned infrastructure project in Myanmar is likely to be less than the $8 billion it had expected. He said the firm’s financial adviser, Siam Commercial Bank […]
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Hydroponics and solar power combine as a food and alternative energy solution. It may not yet be a household name, but Get IT Co, the country’s first hydroponic solar farm operator, is confident it can popularise the concept and is targeting a 10% share of the local solar power market in the next two decades. […]
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