News

Property consultants JLL Thailand warns of property market slowdown Stimulus advised to speed up recovery All property sectors, except the industrial and logistics market, should brace for a market slowdown of at least 18 months after economic recovery next year, according to property consultant JLL Thailand. JLL’s chairperson, Suphin Mechuchep, said the office, condo, hotel […]

Bangkok’s Red Line train services soft launch to go ahead on 02 August 2021 as planned The soft opening of the Red Line commuter train services will go ahead as planned on Aug 2, Transport Minister Saksayam Chidchob insisted, amid rumours on social media that the launch ceremony will be postponed due to the rising […]

Nippon Steel Engineering wins large-scale, long-term contract natural gas contract in Thailand Nippon Steel Engineering Co. has won a large-scale, long-term contract for a new phase of an offshore natural gas development project from a Thai state-run company. The Tokyo-based firm will construct about 40 wellhead platforms and lay around 280 kilometers of pipeline in […]

Thailand’s housing sector faces contraction risk as covid-19 cases rise The expanded lockdown measures and 30-day closure of construction sites and worker camps since early this month will plunge the housing market into a severe contraction, according to property experts. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said there is a […]

Gunkul and Origin Property form joint venture to install rooftop solar panels Gunkul Engineering, a renewable energy developer and constructor, and Origin Property — both SET-listed companies — are forming a joint venture to install rooftop solar panels and directly sell electricity at inexpensive rates to households in residential areas. The new business aims to […]

Taiwan firm faces huge claims for damages after factory explosion in Samut Prakarn, Thailand Following an explosion at its factory in Thailand last week, Taiwanese company Ming Dih Group Corp. faces claims for damages of more than 423 million Thai baht (US$12.91 million) from over 1,000 locals impacted by the blast, according to Thai newspaper […]

Queen Mary researchers win grant to establish the first onshore wave energy converters to power Thailand’s remote islands Researchers at Queen Mary University of London have been awarded around £300,000 from Innovate UK to develop the first microgrids powered by onshore wave energy converters (WECs). The new project “Sea Wave Energy Powered Microgrid for Remote […]

Thailand’s richest man plans to invest at least 100 billion baht ($3.1 billion) over the next five years The property and hotel development unit of Thailand’s richest man plans to invest at least 100 billion baht ($3.1 billion) over the next five years to develop new shopping malls, hotels and office buildings, betting on pent-up […]