IEC buys remaining stakes in local power plant for $2.81m Thai-listed International Engineering Pcl (IEC) is acquiring the remaining 25 per cent stake in IEC Sakaeo 1 (SK 1), a local power plant operator, from existing shareholders. The financial consideration for the deal is 100 million baht ($2.81 million). Attawooth Laohapakdee, IEC senior executive vice president, […]
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Fourteen years ago Yuthachai Charanachitta returned home to Thailand after finishing college in upstate New York. He was 24 and had spent half his life studying in the U.S. Before joining the family company, he planned to gain outside experience. But he had barely started consulting work at KPMG when disaster struck. A small-plane crash […]
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The five-fold increase in property sales tax for this fiscal year, imposed by the previous government, has resulted in a huge rise in tax-dodging, real estate professionals say, perhaps contributing to the market’s current stagnation. This year’s rates were approved by parliament in January as part of the 2016 Union Tax Law and have been […]
Continue ReadingNAWARAT Patanakarn, one of Thailand’s top five construction companies, has set a budget of more than Bt500 million to invest in Asean, mostly in pre-cast concrete production and infrastructure projects in Myanmar this year. “The company reached an agreement to form a joint venture with a local partner in Myanmar, and expects the factory to […]
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Vietnam is planning a $5.5-billion expansion of Hanoi’s airport to double its capacity by 2030, the government news website reported on Monday. Noi Bai International Airport likely will be over-stretched by 2019 due to strong passenger growth, the director general of the Civil Aviation Administration of Vietnam told the government news website. Vietnam is among […]
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Leading developer, AP (Thailand) Public Company Limited, has reiterated its vision to complete more than 100 new residential projects worth a total of almost Bht112,000million. The pledge has come as the company, which specialises in urban developments in the Bangkok area, celebrated its 25th anniversary in business. AP (Thailand) Public Company Limited reaffirmed its commitment […]
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A wireless-controlled hydraulic load hoisting and positioning system being introduced by Enerpac South-East Asia enables a single crane to precisely positon heavy and unbalanced loads weighing hundreds of tons. The SHAS Series Synchronous Hoist System – the latest in a growing range of SyncHoist systems developed by Enerpac for diverse industries – is a […]
Continue ReadingICC Thailand Dinner Talk – “Mediation as a tool for modern business” – Bangkok, 21 June 2016 The ICC International Court of Arbitration is proud to support ICC Thailand Dinner Talk – “Mediation as a tool for modern business”. Details are below: Date/Time: Tuesday, 21 June 2016 Venue: Sukhumvit Room Sheraton Grande Sukhumvit Registration/ Programme: Please click here […]
Continue ReadingImagine if you didn’t have to sit in a taxi for an hour or transfer between several modes of public transportation when trying to catch a connecting flight at the other of Bangkok’s two airports. The Ministry of Transport is considering extending the Airport Rail Link from its terminal station in Phaya Thai all the […]
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Danish wind turbine maker, Vestas, has been selected as preferred technology partner for a prestigious wind project in Laos. The project is a 600 MW wind project placed in southern Laos. The wind farm is set to be completed in 2020 and it’s believed that it will become the largest wind farm in the Association […]
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