China has signed a US$2.4 billion loan agreement with Myanmar to finance the construction of a natural gas pipeline between the countries, media reports said Sunday. The loan was inked between the China Development Bank Cooperation and Myanmar Foreign Investment Bank on Nov. 30 in Napyitaw, the new capital, the Myanmar Times reported. The pipeline […]
Continue ReadingTwo years of shoring up finances, restructuring and refining focus begin to pay off for luxury property developer Raimon Land Plc, the listed luxury property developer, has spent the past two years addressing its financial problems, restructuring, refocusing its market and adjusting its business direction and strategy. The move seems to be paying off. Beginning […]
Continue ReadingTwo years of shoring up finances, restructuring and refining focus begin to pay off for luxury property developer Raimon Land Plc, the listed luxury property developer, has spent the past two years addressing its financial problems, restructuring, refocusing its market and adjusting its business direction and strategy. The move seems to be paying off. Beginning […]
Continue ReadingEngineering and construction firm Punj Lloyd today said it has secured a Rs 1,292 crore work order from Thailand‘s state-run PTT Public Company for construction of a gas pipeline, besides a separate project worth Rs 169 crore from Indian Oil Corporation. The Thailand project involves the construction of a 294-km-long pipeline to transport a mixture of […]
Continue ReadingBina Puri Holdings Bhd has secured a contract from Huatten Projects (Thailand) Ltd to undertake a THB$175 million (RM18.28 million) building contract. Bina Puri (Thailand) Ltd and Dimara (Thailand) Ltd Joint Venture would embark on a project to build a warehouse and ancillary facility at Ladkrabang Industrial Estate in Bangkok, Thailand, the company said in […]
Continue ReadingPhuket the Most Expensive Place to Live, Work By Pathomporn Kaenkrachang PHUKET is now officially the most expensive place in Thailand to live, even more expensive than Bangkok, with the basic daily wage of a laborer skyrocketting to 221 baht a day – a huge increase of 17 baht. The official application was for an […]
Continue ReadingLaos on Thursday inaugurated its biggest hydropower plant, a controversial project hailed by supporters as vital to the impoverished nation’s development but long opposed by environmentalists. The Asian Development Bank (ADB) said the move ushered in “a new era” for growth, development and poverty reduction in the communist country, where the majority of people still […]
Continue ReadingLaos inaugurates 1,070-MW Nam Theun 2 hydro project Laos has officially inaugurated the 1,070-MW Nam Theun 2 hydroelectric power project, the largest hydro project in Laos. The $1.45 billion project is co-owned by Electricite de France, the Lao government, the Electricity Generating Public Co. of Thailand and Italian-Thai Development. After five years of construction and […]
Continue ReadingThe Cabinet has yet to approve the Gamuda Bhd-MMC Corp Bhd joint development proposal for the mass rapid transit (MRT) system, said Gamuda group managing director Datuk Lin Yun Ling. However, he expects the proposal, which was submitted early this year, to be approved soon. Possibly, the Gamuda-MMC joint venture will be the project delivery […]
Continue ReadingGamuda Bhd and MMC Corp, two Malaysian construction companies, may team up with the government to help build a passenger rail network in Kuala Lumpur, a Gamuda executive said. Work on the project may start in July, Gamuda group managing director Lin Yun Ling told reporters in Shah Alam, near the capital. He didn’t elaborate. […]
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