As part of a strategic investment in the mining business, Caterpillar (CAT) will open a new manufacturing facility in Thailand. The company expects to start production from late 2012. To set up its first manufacturing facility in Thailand, an Australian subsidiary of Caterpillar inked a deal with Hemaraj Land & Development Pcl to buy land […]
Continue ReadingLegal wrangling over the True-Hutch takeover deal looks set to grow more complicated with the telecommunications conglomerate proposing to invest in a third-generation mobile network for CAT Telecom on its own to accelerate planned 3G mobile services nationwide. The proposal is designed to be a win-win solution for CAT, enabling the state telecom enterprise to […]
Continue ReadingThe Nation Chinese enterprises are boosting their investments in Thailand in a big way, with the first of three joint ventures with Thai partners being for a sprawling wholesale trading centre worth 6.2 billion yuan (Bt28.8 billion) near Bangkok. The project will be officially launched today. This project will be followed by a Bt3-billion wholesale […]
Continue ReadingThailand’s Italian-Thai Development has won its bid to build an elevated expressway for about US$2 billion (Bt60 billion) in the Bangladeshi capital of Dhaka. Deputy Commerce Minister Alongkorn Ponlaboot on Monday said he has been tasked by Prime Minister Abhisit Vejjajiva on behalf of the Thai government to witness the signing of the contract for […]
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(Pictured) Kyocera Corporation announced that it has agreed to supply roughly one million solar modules equivalent to 204-megawatts (MW) for Thailand’s largest solar power project, which is being implemented by Solar Power Co., Ltd. Under the project, 6MW “Solar Farms” are to be constructed at 34 sites concentrated in northeastern Thailand. Today, it is generally […]
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An ambitious project for Saphan Hin in Phuket has been proposed to Phuket Governor Tri Augkaradacha by Norwegian maritime engineering company, LMG Marin. The project proposes the construction of an on and off shore development, covering a total area of 500,000 square metres and including a hotel, apartments, business centre, park, university and a research […]
Continue ReadingAn in-house hospitality brand 8over8 will provide management. Instead of selling property the offering is based on what the developer is terming HRU’s ( hotel rights of use). In Singapore project showcases are taking place at the moment as part of a sales strategy in the regional market. Two purchase options are available with the […]
Continue ReadingCOMO Hotels and Resorts, the award-winning five star hotel group based in Singapore, is to develop and manage a new property on the Yamu peninsula of Phuket in Thailand. Located in Phang Nga Bay on the northeast coast of Phuket, this property is the ninth member of COMO’s family of unique destinations and is scheduled […]
Continue ReadingWhen Zeus warned Pandora never to open the box given to her, the temptation proved too strong and Pandora forever unleashed into the world misery, suffering and sorrow. Today, much like this mythical Greek tragedy, the decision-makers of the Mekong sub-region face a similar temptation in the form of a cascade of hydropower dams proposed […]
Continue ReadingPhuket’s foreign property market will continue to improve with estimated sales of 5 billion baht in 2011 despite buyers’ confidence taking a hit from an increase in unfinished projects, says the Bangkok-based property developer Seacon Group. Executive director Piya Sosothikul forecast the residential market in Phuket would keep rising this year following 25% sales growth […]
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