The Erawan Group has outlined a fiveyear investment plan to take on seven new hotels and to sell five existing properties. The group expects to spend Bt7 billion to Bt10 billion on new investment in its hotel business between now and 2015. The number of hotels will rise from 13 this year to 15 within […]
Continue ReadingThe Joint Foreign Chambers of Commerce in Thailand (JFCCT) should be congratulated for raising the issue of foreign ownership and seeking to improve inbound real estate investment into Thailand. CB Richard Ellis (CBRE) Thailand adds our wholehearted support to a review of Thailand’s policy regarding foreign ownership. CBRE Thailand would like to state, on behalf […]
Continue ReadingThailand’s solar-power output is set to soar by more than 200MW after Solar Power Company (SPC) revealed plans to raise capital to finance development following the completion of its reverse takeover of Steel Intertech. SPC is raising up to 24bn baht ($788m) through a range of financial instruments, including bond issues, private placements and loans, […]
Continue ReadingThe Suvarnabhumi Airport Rail Link will reduce its fare for the Express Line to 150 THB per roundtrip from 1 June onwards in a bid to boost the number of passengers. Deputy Governor of the State Railway of Thailand (SRT) Pakorn Tangjetsakao, as Acting Chief Executive Officer of SRT Electrified Train Co. Ltd, announced that […]
Continue ReadingThe Civil Court has issued an order that construction of the 47-storey “The Issara” condominium in Bangkok’s Soi Lat Phrao 1214 be halted after 5pm every day, after a criminal court judge filed a lawsuit against the project owner and contractor seeking Bt4 million in compensation. The court Wednesday notified three of the six defendants […]
Continue ReadingJoint venture company Bukit Asam Transpacific Railway has launched the land acquisition process for its 307 km coal railway in southern Sumatra, Special Advisor to the Board Dr Julison Arifin told the Modern Railways conference in Bangkok on May 24. Intended as a heavy haul railway to move coal ‘in abundance’, the line will link […]
Continue ReadingThis newly built all seasons hotel is ready to welcome both corporate and leisure travellers with trendy accommodation at excellent value all seasons, Accor’s non-standardised economy brand, announces the opening of all seasons Bangkok Victory Monument, the 5th all seasons hotel in Bangkok and the eighth in Thailand. This newly built hotel promises comfortable, trendy […]
Continue ReadingEgat to spend B66bn on additional capacity The Electricity Generating Authority of Thailand (Egat) is spending 66 billion baht to build three 800-megawatt gas-fired power plants to increase its generating capacity. Deputy governor Somboon Arayaskul said the state utility would build the plants on the premises of its existing power plants at Chana in Songkhla […]
Continue ReadingA KOREAN company today joined the contenders for construction of Phuket’s light rail link – and a spokesman said their plans could include an extension to Patong. Kwangsik Chun, Chairman and CEO of Jung Yong Development Corp, told Phuket Governor Tri Augkaradacha that the company had large amounts of financing to support the Phuket project. […]
Continue ReadingThe Pollution Control Department will challenge a ruling awarding multi-billion-baht damages to the consortium which built the Klong Dan waste water treatment plant in Samut Prakan. The department filed papers with the Administrative Court last month asking it to overturn a ruling by one of its arbitration panels in favour of the consortium, said Supat […]
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