The Excise Department will strictly inspect land transactions in highly popular tourist destinations in the South where tax evasion is said to be widespread. According to a senior official, property sales in Krabi, Koh Samui and Phuket have mushroomed in recent years, skyrocketing land prices in some areas 100-fold from a decade ago. This is […]
Continue ReadingSolar Power Co (SPC) is preparing to raise up to 24 billion baht in capital to finance solar farm power development. The capital will come from various channels including joint ventures, bond issues, private placement and loans, with Kasikorn Securities as the company’s financial adviser, said managing director Wandee Khunchornyakong. SPC holds 34 licences for […]
Continue ReadingK2 Land, a local metal manufacturer and property developer, will spend more than 2 billion baht to open what it bills as Thailand’s first fashion hotel in Bangkok’s North Sathorn area. Called Mode Sathorn by Siam@Siam, the hotel has been renovated from a five-star condominium on which construction was halted before its internal building system […]
Continue ReadingMoevenpick Hotels & Resorts is undertaking management of the 39-Residence The Palm Beach Club and rebranding it Moevenpick Residences Laguna Beach Phuket with immediate effect. The property will ideally complement the Moevenpick Resort & Spa Karon Beach Phuket, the first property the company opened in Thailand in 2006. Both Phuket properties harmoniously blend Thailand’s gentle […]
Continue ReadingFoster Wheeler AG announced today that a subsidiary in its Global Engineering and Construction Group has been awarded a contract by Thai Oil Public Company Limited for the basic design engineering package and engineering, procurement and construction management (EPCm) services for the Emission Improvement and PSA-3 project at Thai Oil’s refinery at Sriracha in Thailand. […]
Continue ReadingPhuket property a better investment than property in Bali, experts say At a meeting organised by the Phuket Chapter of the American Chamber of Commerce (AMCHAM) on the 29th April, property experts convened to discuss current market trends and what the future holds for some of Asia’s key property markets; Phuket, Bali, Koh Samui, Pattaya […]
Continue ReadingThai contractors will see greater opportunities to build basic infrastructure and public utilities in Bangladesh after Italian-Thai Development Plc won a contract for an elevated expressway in Dhaka. The company won the bid to build the four-lane road in three-and-a-half years. This largest public-private partnership in Bangladesh is expected to create 5,000 jobs for Thai […]
Continue ReadingNew government construction jobs worth as much as 595 billion baht could be ready for bids within this year, offering more potential to local contractors as long as political conditions remain stable, says Kasikorn Research Center. Eleven megaprojects are expected to enter the bidding stage this year. The largest will be infrastructure investments by the […]
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Lower costs plus export opportunities Knocked-down houses made from expanded polystyrene (EPS) foam have been a small and struggling niche market for three decades but builders today are seeing brighter opportunities to expand their reach to overseas customers. The Cement Foam Design Association, a group of small and medium-sized companies, says 20 of its members […]
Continue ReadingThe Nation A journey from Bearing to Onnut can take as long as an hour when traffic is bad. But it will soon take just five minutes, thanks to the forthcoming extension of the BTS Skytrain Sukhumvit line. Bangkok Metropolitan Administration (BMA) executives and the media yesterday went on a test run of the Onnut-Bearing […]
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