Laos News
The 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, […]
Continue ReadingWhile SMEs are crying over the blanket Bt300 wage, fierce competition in some industries and the scarcity of skilled workers is pushing the daily pay of some above Bt500. For the past eight years, Narong Jampatho, 30, a tile layer, has never found difficulty in finding someone willing to pay him Bt700 per day, allowing […]
Continue ReadingThe developing Southeast Asian region has never been so attractive to investors. From the opening of Myanmar, to hydropower in Laos or the rise of Indonesia, compelling cases exist for pouring money into the region. But where there are opportunities, there are also risks and uncertainties, particularly in developing countries. Billions of dollars can go […]
Continue ReadingShanghai Wanfeng Group, the closely held developer of shopping malls in China, reached agreement with the Lao government in December 2011 to develop 365 hectares (2,281 rai; 900 acres) around That Luang Lake into a commercial, residential and tourist complex. Construction began Sunday, according to the Chinese official news agency Xinhua and the company’s website.
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