THE NATION The Mass Rapid Transit Authority (MRTA) yesterday signed seven contracts for the Blue Line MRT extension with bid winners and urged them to finish construction ahead of schedule. Five of the deals were civil-work contracts. Italian-Thai Development won the first, to design and build the 2.8-kilometre underground route from Hua Lamphong to Sanam […]
Continue ReadingConstruction work is in progress on the new-build, 24-storey Hilton Sukhumvit Bangkok, and a conversion project to be re-branded as DoubleTree by Hilton hotel in Thailand. The Hilton Sukhumvit Bangkok hotel will offer 287 guest rooms including 35 suites and feature food and beverage outlets including an all-day dining restaurant, a bar and a lobby […]
Continue ReadingThailand has welcomed interest by Japanese investors in partnerships with Thai companies to invest in Burma’s $58-billion Dawei development project. The proposal emerged during meetings this week in Bangkok involving representatives of Nippon Keidanren, which represents leading Japanese companies such as Sumitomo, Mitsubishi, Hitachi, Toray Industries, Mizuho Financial Group, and All Nippon Airways. Japanese companies […]
Continue ReadingThailand has welcomed interest by Japanese investors in partnerships with Thai companies to invest in Burma’s $58-billion Dawei development project. The proposal emerged during meetings this week in Bangkok involving representatives of Nippon Keidanren, which represents leading Japanese companies such as Sumitomo, Mitsubishi, Hitachi, Toray Industries, Mizuho Financial Group, and All Nippon Airways. Japanese companies […]
Continue ReadingThailand expects to sign a memorandum of understanding with the Chinese government in April to co-develop a 150 billion Thai baht ($4.89 billion) high-speed rail project, Permanent Secretary for Transport Suphoth Sublom said late Wednesday. Under the drafted memorandum, the 620-kilometer high-speed railway project linking Nong Kai in the northeast and the capital Bangkok will […]
Continue ReadingChevron has awarded a five-year contract to Transocean Ltd. for use of two newbuild jackup rigs offshore Thailand. Drilling is expected to begin in 1Q 2013 and 3Q2013, depending upon the construction and mobilization schedule. Contract cost is about $246 million per rig, with dayrate adjustments possible over the last two years. Transocean has a […]
Continue ReadingThe Mass Rapid Transit Authority of Thailand (MRTA) expects to start the bidding process for the first contract for the construction of the MRT green line extension from Bearing to Samut Prakarn on March 15-23 this year. Soithip Trisuddhi, Director-General of Office of Transport and Traffic and Planning and board member of the MRTA, said […]
Continue ReadingHilton Worldwide announced the signing of two management agreements with TCC Hotel Group for a new build Hilton Hotels & Resorts hotel and a conversion project to be rebranded as a DoubleTree by Hilton hotel. Both properties are due for completion in 2012. TCC Land Group is a leading real estate company in Thailand with […]
Continue ReadingSofitel has announced the launch of three new properties – each incorporating the group’s So SPA concept – at locations in Austria, Mauritius and Cambodia. The unveiling of the 201-room Sofitel Phnom Penh Phokeethra sees the hotel operator open its first Cambodian So SPA, which blends Khmer treatments with French-style spa care. Facilities at the […]
Continue ReadingProperty rents are on the rise throughout Asia on the back of strong economic growth, with Singapore’s 15 per cent rise last year earning it the accolade of the world’s 5th most expensive city to rent a two-bedroom property. Tokyo is the most expensive location globally, according to a report by international human resources solutions […]
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