Thai holding company Univentures Pcl is acquiring 35 per cent stake in construction management company Stonehenge Inter Co Ltd from Hong Kong-based Trend Wealth Enterprise Ltd for 400 million baht ($11.26 million). The deal includes Trend Wealth Enterprise’s entire 350,000 shares which are being sold ten times higher than the par value of 100 baht […]
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SET-listed developer Pruksa Real Estate Plc will provide prefabricated bathroom pods for condo projects to cut construction time for high-rise buildings by half to only one year and support growth in the sector. Amornpol Thupawirote, managing director for precast, said Pruksa’s factory-made, fully fitted and plumbed bathrooms would be used for the first time at […]
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Konecranes has mounted its popular CXT electric overhead travelling crane on a steel frame and two standard ISO shipping containers to create a powerful, adaptable, fully mobile industrial crane, the CXT Explorer. “This is an outstanding opportunity for our customers to improve their lifting operations efficiency and safety on the field. This new product […]
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Japan has recommended Thailand construct the first 380-kilometre section of the 672km Thai-Japanese high-speed train route, says Transport Minister Arkhom Termpittayapaisith. Citing the findings of Japan’s preliminary feasibility study on the investment project, Mr Arkhom said the proposed section which Japan suggests be built first would link Bangkok with the northern province of Phitsanulok. The […]
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Thailand´s fuel retailer PTT Plc is expanding its service station offer with plans to open large budget hotels at 50 gas stations in five years PTT, with a network of 1,400 sites, still has to choose the hotel chain that will be in charge of developing the project. Construction of the hotels, which would have […]
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A Terex CC 6800 crawler crane has been delivered to new owner The Crane – a subsidiary of Chu Kai. It is the first new crane of its kind to be commissioned in Thailand, Terex said. The new unit will help the Thailand-based heavy lift company to grow its position in Thailand and other parts […]
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Thailand is at risk of being short of 6,300 megawatts of electricity in 2021 due to the possible disruption of up to 9 million tonnes of liquefied natural gas (LNG) stemming from the lack of further investment in the Erawan and Bongkot gas fields. Production concessions for the two blocks — Bongkot, operated by […]
Continue ReadingPrime Minister Gen. Prayut Chan-o-cha has approved the plan for expanding U-Tapao International Airport and Sattahip Commercial Port. The Prime Minister chaired a meeting with related agencies on logistics development along the east coast, emphasizing the importance of developing the area for industrial and tourism growth. Transport Minister ACM Prajin Juntong summarized the industrial growth […]
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Hong Kong is now the most expensive place for foreign workers to live, while a weaker pound has helped make London slightly more affordable for expats in the city, according to a global survey. Currency fluctuations and the collapse in the price of oil have reshuffled the deck for international cities, where imported goods and […]
Continue ReadingMyanmar’s construction industry is forecast to record rapid growth in the next five years, at an annual average rate of 10.37%, finds a new report by Timetric’s Construction Intelligence Centre (CIC). In real terms, the industry’s value stood at US$8.2 billion in 2015, and is anticipated to value US$13.5 billion in 2020. According to the […]
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