SET-listed Glow Energy expects to invest about 4 billion baht to acquire assets of England-based Independent Power (IP) in Thailand and up to US$200 million to build a new 120-megawatt unit near its Huay Ho hydroelectric plant in Laos. Chief financial officer Suthiwong Kongsiri said Paris-based GDF Suez, which holds 69% of Glow, has considered […]
Continue ReadingSET-listed Glow Energy expects to invest about 4 billion baht to acquire assets of England-based Independent Power (IP) in Thailand and up to US$200 million to build a new 120-megawatt unit near its Huay Ho hydroelectric plant in Laos. Chief financial officer Suthiwong Kongsiri said Paris-based GDF Suez, which holds 69% of Glow, has considered […]
Continue ReadingBangkok Metro Plc has decided to put in a bid to run a section of the new Purple Line subway. The company believes its experience in operating the existing MRT service and its attractive bid would enable it to win the contract. BMCL managing director Sombat Kitjalaksana said the result of the tender, to be […]
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Six Senses, the international luxury resort and spa developer and manager, is gearing up to expand its private flight services and facilities at its flagship property on Thailand‘s fourth largest island. The Soneva Kiri resort’s Cessna Grand Caravan descends to the Koh Kood airfield off the coast of Trat. The company is acquiring a second […]
Continue ReadingBangkok Citismart Co, the brokerage subsidiary of Asian Property Development Plc (AP), yesterday opened its first office outside Bangkok in this popular resort destination to cash in on the booming market here. Pattaya’s property market is expected to reach a new peak within three years. During that time, the new subsidiary will study the market […]
Continue ReadingBangkok-Nong Khai high-speed train project to be completed late 2015 A high-speed train project, a planned joint investment project between Thailand and China, which will link between the Thai capital and Nong Khai province bordering Laos is expected to be completed in late 2015, said Supoj Saplom, permanent secretary for Thai Transport Ministry. Mr Supoj […]
Continue ReadingJardine Engineering Corporation (JEC) Thailand is pleased to announce that it has won the contract to supply, install and commission a comprehensive set of backbone building operation systems at the new Mega Bangna shopping complex in Bangkok. Mega Bangna is South East Asia’s first low-rise regional mall and will have a total building area of […]
Continue ReadingNew row hits airport over temperatures Another contractor at Suvarnabhumi airport is feeling the heat of legal proceedings for allegedly failing to comply with its contractual obligations. The board of Airports of Thailand Plc (AoT) yesterday ordered final negotiations to be held with a joint venture company to meet its obligations to supply chilled water […]
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Developers believe that the property market shows no signs of a bubble even though most of them have launched residential projects with a combined 60,500 units worth more than Bt200 billion from January to November 14. However, the Bank of Thailand’s move to cap the loan-to-value ratio at 90 per cent for condominiums, effective on […]
Continue ReadingHemaraj Land and Development Plc, the country’s largest industrial estate developer, plans to invest up to 6 billion baht to expand its businesses next year including developing at least one new property project and power plant. Of the total expenditure, 4 billion has been approved by the company’s board of directors, including 1.5 billion to […]
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