Zinc InVision, a joint venture between Thailand’s InVision Hospitality and Singapore investment firm Cinnovation CG, will develop 28 hotels across the Middle East by 2020 as part of a $180m plan to take a slice of the Asian tourism market. The Bangkok-based firm plans to initially launch four deluxe hotels, two five-star and two mid-tier […]
Continue ReadingJapan’s Aichi Steel Corp. plans to construct a factory in Thailand as soon as 2012 as automakers boost procurement in the country. The company will initially invest 1-2 billion yen (US$12.1-24.3 million) to launch production of crankshafts, gears and other forged products there. At start-up, the plant will be able to turn out 10,000 tons […]
Continue ReadingLAGUNA PHUKET is closing the Sheraton Grande from mid-year 2011 to the next high season for a 500 million baht transformation that will see it reopen as an Angsana. The Sheraton has pride of place at Laguna on a peninsula that runs between two lagoons to the Bang Tao beachfront. It’s an idyllic location but […]
Continue ReadingConstruction machinery imported from China is not a threat as long as the product quality, after-sales service, sales network and spare parts availability are not on par with those of locally made products, says Pranitan Phornprapha, executive vice-president of Bangkok Komatsu Sales Co (BKS). The threat of the Chinese-made products is looming on the horizon […]
Continue ReadingTwo Chaiyaphum sites to generate 100 MW SET-listed Glow Energy Plc, a unit of France-based GDF Suez, is ready to spend US$300 million to develop two wind turbine projects in Chaiyaphum generating a combined 100 megawatts. The independent power producer (IPP) has been securing hundreds of rai in the northeastern province while it is in […]
Continue ReadingCastlewood Group building luxury hotel at Bang Tao Beach in Phuket, Thailand Singapore based Castlewood Hotels and Resorts has announced the launch of a new two hundred key hotel project near Laguna Village and Bang Tao Beach in Phuket, Thailand. Castlewood Group’s in house hospitality brand, 8over8, will manage the new hotel which will consist […]
Continue ReadingLuxury properties with a sea frontage on the Thai island of Phuket were the best performing properties, according to the latest real estate market overview. The Residential Market View quarter three 2010 report from CB Richard Ellis shows that there was a continued recovery in tourism arrivals and the consultants expect that this trend will […]
Continue ReadingThe supply of newly launched high-end condominiums is expected to rise this year as developers are more confident in the Thai and world economies, while lending curbs and higher interest rates may curb sales of mid-priced units,. Suphin Mechuchep, managing director of the property services firm Jones Lang LaSalle (Thailand), said luxury condo developers had […]
Continue ReadingBy Jutharat ThipnamphaThe Nation The Science Ministry, in cooperation with the Dutch embassy, is working on a flood-prevention plan as a long-term resolution of the erosion and problems caused by rising sea levels faced by Bangkok and coastal provinces. The Netherlands, in its capacity as a world expert in dam construction and flood management, has […]
Continue ReadingMitr Phol, Asia’s largest sugar producer, will invest 3.7 billion baht in its new renewable energy projects in Thailand and expand the group’s power business to neighbouring countries, starting with a biomass plant China. The group has also targeted development of other types of power plants including solar and co-generation, said Suwat Kamolpanus, managing director […]
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