Egat to spend B66bn on additional capacity The Electricity Generating Authority of Thailand (Egat) is spending 66 billion baht to build three 800-megawatt gas-fired power plants to increase its generating capacity. Deputy governor Somboon Arayaskul said the state utility would build the plants on the premises of its existing power plants at Chana in Songkhla […]
Continue ReadingA KOREAN company today joined the contenders for construction of Phuket’s light rail link – and a spokesman said their plans could include an extension to Patong. Kwangsik Chun, Chairman and CEO of Jung Yong Development Corp, told Phuket Governor Tri Augkaradacha that the company had large amounts of financing to support the Phuket project. […]
Continue ReadingThe Pollution Control Department will challenge a ruling awarding multi-billion-baht damages to the consortium which built the Klong Dan waste water treatment plant in Samut Prakan. The department filed papers with the Administrative Court last month asking it to overturn a ruling by one of its arbitration panels in favour of the consortium, said Supat […]
Continue ReadingTo the tourists, Cambodia is mostly known for being home to the fabled city of Angkor Wat with its myriad of beautiful temples. At some point over the next twenty years, Cambodia might become famous for Angkor Hills. The project is the brainchild of Okhna Soth Sambath, a Cambodian businessman. The affable man is said […]
Continue ReadingDespite an abundant supply, Vietnam is still among the world’s most expensive place to rent offices. Ho Chi Minh City and Hanoi are ranked 19th and 21st respectively among the world’s 100 cities having the highest office rental, according to UK-based property market consultancy Knight Frank. The monthly average rentals in the southern hub and […]
Continue ReadingZinc Hospitality to bring its own brands to India Real estate company Zinc Hospitality, which holds equity in properties like Taj Safaris, Taj Asia, Hilton in New York and India Safaris, is getting its own brands to India. The company has partnered hotel management company, Bangkok-based InVision, to launch its brands – Glow Studios and […]
Continue Reading
By Eric Carson When mapping out plans for the construction of a billion dollar mixed-use luxury retail and residential destination as the gateway to one of the most indulgent stretches of road in the world – every decision is critical. Each detail of the specification must be carefully researched by a team of professionals well-versed […]
Continue ReadingThe Thai property market has failed to reach the same heights of foreign demand as most Asian markets, with the exception of the Bangkok boom years in the early noughties. Foreigners were responsible for 35% of sales in Bangkok’s business district before the crisis, now this figure is down to 20%. While this can partially […]
Continue ReadingSalamander Energy has signed a contract for the construction of its Bualuang Bravo Platform in Thailand. It is also hoping to complete imminently arrangements for a new debt facility. The Group’s producing assets have performed broadly to plan. During 1Q 2011 production averaged 19,434 bopd. The Group reiterates its average production forecast for 2011 of […]
Continue ReadingThe Asia/Pacific hotel development pipeline comprises 1,167 hotels totalling 291,946 rooms, according to the April 2011 STR Global Construction Pipeline Report. “Two mega cities in India, the capitals of the Philippines and Thailand, and Bali, the holiday island, are currently scheduled to see the largest expected hotel room growth compared to their existing supply of […]
Continue Reading