Foreign Direct Investment in Cambodia’s construction sector touches $334M Cambodia continued to receive substantial Foreign Direct Investment in the construction sector in 2021, despite the economic slowdown in the wake of Covid-19, showed the Asean Investment Report 2022. According to the report, FDI in construction rose from $260 million in 2020 to $334 million in […]
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Japan real estate developers see opportunities in Southeast Asia Japan-affiliated real estate developers are ramping up their efforts in Southeast Asia on the back of the area’s recovering economy. Though the novel coronavirus pandemic temporarily halted construction and sales, recent property-market splurges by the wealthy and middle-classes have helped spur economic activities, which are increasingly […]
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Thai and Lao Prime Ministers to lay foundation stone for new Mekong river bridge New bridge connecting Bueng Kan’s Muang district with Laos’s Bolikhamsai province The foundation stone for the fifth Thai-Lao Friendship Bridge will be laid by the prime ministers of both countries on October 28. Government spokesperson Anucha Burapachaisri said on Tuesday that […]
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Thai Cabinet backs expats owning land in Thailand Programme limited to wealthy foreigners The cabinet approved on Tuesday the Interior Ministry’s proposal to allow foreigners to hold land ownership of up to one rai (roughly 0.16 hectares) for residential purposes, though critics warned the move may trigger land speculation by foreign investors. According to government […]
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Thailand eyes new airport to boost tourism for Bueng Kan province, border trade with Laos An airport in Bueng Kan province will not only boost regional travel and promote trade but will also meet the Transport Ministry’s investment plans. The ministry, which oversees the Department of Airport, said this project is also significant because it […]
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Thailand’s Songkhla Lake bridge needs review The cabinet last week approved 6.6 billion baht for construction of two bridges in southern region — one of which raises fears about its impact on rare and endangered Irrawaddy dolphins in Songkhla Lake. The bridges will improve logistics and cut travel time, according to the Transport Ministry, which […]
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Thailand’s newly approved Songkhla Lake Bridge project ‘threatens rare dolphins’ Plan in works to save Songkhla Lake’s last dolphin pod The cabinet’s recent decision to approve the construction of a 4.48-billion-baht bridge across the Songkhla Lake is causing alarm among environmental activists and authorities alike, with many questioning if the project will ultimately spell the […]
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Cambodia’s New Siem Reap-Angkor International Airport construction 40 percent completed The new Siem Reap-Angkor International Airport project has so far achieved 40 percent completion. Tek Reth Samrech, Minister Delegate to the Prime Minister, said that the construction of Siem Reap-Angkor International Airport will be 70 percent completed by the end of this year. Construction of […]
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Singapore & Vietnam to partner on green projects and ASEAN power grid Following Singapore’s President, Halimah Yacob’s state visit to Hanoi as well as Ho Chi Minh City this week, a digital and green economic relationship between Singapore and Vietnam is reportedly in the works. Madam Halimah stated at the end of her five-day visit […]
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Bangkok’s new Riverside Terminal 21 Rama 3 shopping centre finally opens after being delayed by Covid-19 Bangkok shoppers have a stunning new option in the city. The brand new, riverside Terminal 21 Rama 3 shopping centre officially opened on Thursday. Managed by LH Mall & Hotel, a developer under Land & Houses Plc, Terminal 21 […]
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