Premchai: The Reluctant Builder

Premchai Karnasuta stands on the grass-lined balcony of his 40th-floor office, surveying the Bangkok skyline as the sun sets. “We’re building that one,” he says, pointing to a hulking apartment complex. “And that one,” he adds, indicating another rising block. He pauses and waves a dismissive hand at the site. “So ugly,” he says. Karnasuta […]

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Thailand revises high-speed rail plan, Laos link shelved

Thailand’s new government unveiled a revised plan for the country’s high-speed train network on Tuesday, prioritising domestic rail expansion over an ambitious regional connectivity plan being spearheaded by China. Prime Minister Yingluck Shinawatra announced during her inaugural policy speech to parliament that three routes would be constructed linking Bangkok with urban centres in the north, […]

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Italian-Thai lowers Myanmar project cost estimate

Italian-Thai in talks to sell an additional 3,600 megawatts of power to EGAT from the plant Italian-Thai Development PCL President Premchai Karnasuta said Wednesday the investment cost of a planned infrastructure project in Myanmar is likely to be less than the $8 billion it had expected. He said the firm’s financial adviser, Siam Commercial Bank […]

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Kunming-Singapore High-Speed Railway begins construction

The Kunming-Singapore High-Speed Railway began construction on April 25. The railway will shorten the travel time between Kunming and Singapore to only a little more than 10 hours in the future. The Chinese government expects the railway to be put into operation by 2020. The line, starting from Kunming, capital of Yunnan Province; passes Mohan, […]

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Myanmar earthquake has no affect on Thai dams: EGAT

The 6.7 magnitude earthquake in Myanmar last night has not affected Thailand’s dams, according to state-owned energy producer the Electricity Generating Authority of Thailand (EGAT). A senior EGAT official, Weerachai Chaisakaew, said his organisation, which is responsible for the safety of its dams nationwide, had reviewed data received at seismographs installed at all dams and […]

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Chevron Exec: Speeding Up Thailand Platong II Gas Project

Chevron hopes to advance the startup of a $3.1 billion natural-gas project in the Gulf of Thailand to this year, in the latest step by the U.S. major to cash in on booming Asian demand for cleaner-burning fuels. The acceleration of the timetable for the Platong II project from 2012 reflects rising Thai consumption of […]

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CSR denies merger with China CNR

CSR Corporation denied rumors of its merger with China CNR Corporation , reports dfdaily.com, citing a filing by CSR Corporation. According to Financial Times, the merger may lead to the creation of a monopoly controlling 90 percent of the domestic rail road equipment manufacturing market with sales revenue exceeding those of Bombardier, Alstom, and Siemens. […]

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