Bangkok 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 […]
Continue ReadingCh. Karnchang Plc, the country’s second-largest contractor, will invest 130 million baht in two solar power projects as part of its plan to expand into the sector. The company’s board approved an outlay of 55 million baht on Monday to purchase a 30% stake in Nakhon Ratchasima Solar Co from Pacific Solar (Thailand) Co. It […]
Continue ReadingThe Board of Investment has approved investment privileges for 10 projects worth 25 billion baht. Industry Minister Chaiwuti Bannawat said the 10 projects are: Furnish Board Co will invest 2.6 billion baht to produce 330,000 cubic metres of plywood fiber per year in Hat Yai, Songkla; Vanachai Group will invest 1.25 billion baht to produce […]
Continue ReadingThe planned launch of government projects worth hundreds of billions of baht will drive the revenue of Ch. Karnchang (CK) next year to a record high of 100 billion baht, says the country’s second largest contractor. The chairman of the executive board Plew Trivisavavet said CK is waiting to sign construction contracts valued at 94 […]
Continue ReadingSome B23.9bn will be spent for the boom New industrial estates worth 23.9 billion baht and covering 16,000 rai will be built next year, says the Industrial Estate Authority of Thailand (IEAT). CNXWood Movie World, a joint venture in Chiang Mai province between US-based CNXWood and Chiangmai New City Co, is set for early in […]
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