Laos News
In a few months, impoverished Myanmar plans to start pumping roughly $45 million worth of oil and gas a day from the Bay of Bengal to China by pipeline. The vital fuel for China’s growing economy will bypass the Malacca Straits and U.S. ally Singapore. It will mostly also bypass Myanmar. Though rich in natural […]
Continue ReadingLaos is set to formally launch construction of an ambitious high-speed railway linking the country’s western border with Thailand to Vietnam in August, an official said Thursday, following the completion of a feasibility study by a Malaysian company that will construct and operate the project. A groundbreaking ceremony for the railway will be held in […]
Continue ReadingThe Mass Rapid Transit Authority of Thailand (MRTA) plans to connect Bangkok’s Airport Rail Link with other regional rail routes to link up with neighbouring countries. Citing a study by German engineering giant Siemens, MRTA governor Yongsit Rojsrikul said the Airport Rail Link system has the potential to connect with the existing network that links […]
Continue ReadingThe Electricity Generating Authority of Thailand (Egat) is pushing forward its 303-billion-baht budget for building power facilities between now and 2017. Egat governor Sutat Patmasiriwat said funding will come from various sources including bonds and bank loans, as Egat’s debt-to-equity ratio is only 0.5 times. “We expect to use our operating cash and accumulated profit […]
Continue ReadingBig roles for MRTA, SRT in expansion drive The Mass Rapid Transit Authority of Thailand (MRTA) and State Railway of Thailand (SRT) are tasked with implementing multiple rail and mass-transit projects under the Bt2-trillion state borrowing programme. The government is awaiting parliamentary approval for its proposed legislation to borrow the massive amount. According to Yongsit […]
Continue ReadingBurasari Group, the operator of Burasari hotels and resorts, is looking for business opportunities in Asia to build up its hotel chain and increase its international profile. It is interested in Sri Lanka and Asean countries, including Myanmar. However, its expansion plan will go step by step to secure its investment. In Asean, the investment climate […]
Continue ReadingOn April 4-12, a disruption of Thailand’s gas supply from Myanmar will occur when their gas facilities shut down for yearly maintenance. The Thai electric utility company will adjust for the temporary disruption by increasing usage of existing fuel oil and diesel plants, a spokesman said. Thailand gets 70 percent of its energy supply from natural […]
Continue ReadingThe Electricity Generating Authority of Thailand (Egat) is ready to push for development of coal-fired power plants, saying depleting gas reserves will result in higher power tariffs unless other economical options are available. Spokesman Pongdit Potejana said Egat and the Energy Ministry have agreed that a power plant fuelled by imported coal is the most […]
Continue ReadingThe Electricity Generating Authority of Thailand (Egat) is ready to push for development of coal-fired power plants, saying depleting gas reserves will result in higher power tariffs unless other economical options are available. Spokesman Pongdit Potejana said Egat and the Energy Ministry have agreed that a power plant fuelled by imported coal is the most […]
Continue ReadingThe Emperor House Co Ltd, the Thai builder of luxury homes, has teamed up with Laotian conglomerate the Insee Group to tap the luxury self-built home market in Laos, expecting to sell two houses worth almost 120 million baht this year. Suratchai Kuenghakit, managing director of The Emperor House, said Laos’ economic potential is strong, […]
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