News

Third phase expansion of Thailand’s Laem Chabang port uncertain 17 August 2019 National oil and gas firm PTT plans to sign an agreement with the government to develop two seaports by December, but another project — the third-phase expansion of Laem Chabang port — has yet to be concluded on the state’s end. PTT Tank Terminal Co and Gulf Energy Development formed a consortium and submitted bid envelopes for the third phases of the Laem Chabang seaport (114 billion baht) and Map Ta Phut seaport (55.4 billion baht)… Read more »

United States invests in Thai solar energy project Funds developer for feasibility study 15 August 2019 The United States has funded a Thai energy developer for its feasibility study of a solar power project in Thailand as part of its Indo-Pacific commitment. Thomas Hardy, director of the US Trade and Development Agency (USTDA), said yesterday’s grant signing ceremony marked an important milestone in the USTDA’s role in Thailand. “It is a manifestation of the Indo-Pacific vision laid out by US Secretary of State Mike Pompeo last year. It… Read more »

New Radisson hotel to open on Phuket’s Mai Khao 13 August 2019 Radisson Hotel Group has announced the signing of a new Radisson property in Thailand, located on Phuket’s sunset coast, in partnership with Thai-Chinese Property Holdings. Set to open in 1Q2023, Radisson Phuket Mai Khao Beach will feature 222 rooms and suites. A collection of ground floor rooms will offer direct access to the property’s outdoor pool, and more than 20 of the rooms and suites will feature private pools. Radisson Hotel Group has signed a new… Read more »

Demolishing Bangkok’s historic British Embassy to make way for a shopping center Pictures: ICOMOS Thailand Association A heritage organisation posted a question on Facebook following  work at the British Embassy compound in Bangkok. How can you demolish the British Embassy?  The International Council on Monuments and Sites (ICOMOS Thailand Association) said they had contacted the Thai Department of Fine Arts after two historical buildings had been demolished and the Famous Queen Victoria monument had been moved. They were considered “obstacles” in the multi billion baht sale of one… Read more »

New life mulled for Thailand’s old buildings 12 August 2019 The Treasury Department is considering a let to lease of older buildings for commercial development if the lessee pledges to preserve their historical, architectural or cultural value. Amnuay Preemonwong, the department’s director general, said it would be a better option than seeing them abandoned or becoming increasingly dilapidated. The decision would not apply to structures formally registered as historic sites. The department has about 200 such buildings around the country in its inventory, all signed over by state… Read more »

Property firm Chewathai launches seven new property projects in Bangkok despite slowdown 10 August 10, 2019 By The Thaiger & The Nation Listed property firm Chewathai says they are revising down their revenue target for this year from 2.8 billion to 1.6 billion baht after demand for residential projects has shown a slowing down in the first half of 2019. The company’s managing director Boon Choon Kiet made the announcement yesterday. Boon says Chewathai’s total revenue of 618.65 million baht in the first half of this year was… Read more »

Pattaya’s Riviera Group secures 520-million-baht loan for final phase of The Riviera Monaco 8 August 2019 The Riviera Group, Pattaya’s leading Luxury property developers signed a Construction Bank Finance deal for 520 million baht (US$ 16.8 million) with Siam Commercial Bank on 31 July, 2019. This loan is for the final construction phase of The Riviera Monaco. Riviera Group Owners Winston and Sukanya Gale said, “We have worked with SCB for over 8 years and I am happy to see the trust and business ties between both parties… Read more »

Thailand’s Krabi, Buriram and Surat Thani airports being renovated to double passenger volumes 7 August 2019 Krabi, Buriram and Surat Thani provincial airports are getting a makeover to double their capacities in 2020, with a combined budget of 11.3 billion baht. Krabi airport will be renovated and expanded to handle double its capacity. The new terminal will be able to handle 8 million passengers a year. A second passenger terminal will be built at Buriram airport in Thailand’s Northeast costing 700 million baht. The new terminal is needed in… Read more »

More floating PV for Thailand – Ciel&Terre teams up with SCG French floating PV specialist Ciel&Terre is teaming up with SCG, an Asian petrochemical company, to develop floating solar plants at hydroelectric dams in Thailand. 5 August 2019 Ciel&Terre and SCG have signed a memorandum of understanding to develop floating PV systems on hydroelectric dams in Thailand. Harold Meurisse, executive director of Sky & Earth Thailand, recently told the Bangkok Post that Thailand has always been a promising market. “This is a country where the solar industry is… Read more »