The onshore distribution of natural gas in Thailand will be liberalized by mid-2014, the country’s Energy Regulatory Commission said Friday. A new regulation being finalized will enable third-party distribution of gas in Thailand, which is currently under the sole distribution of state-controlled PTT, the ERC said. The ERC is an independent body whose regulations do […]
Continue ReadingThe Mass Rapid Transit Authority of Thailand board on Friday approved the construction of a line from Mor Chit to Khu Kot with bids to be called early next year. The estimated cost of the 28-kilometre Green Line is 29 billion baht. Bids will be divided into four contracts, board chairwoman Ratchanee Treepipatkul said after […]
Continue ReadingBurma is set to wrest control of its Dawei industrial complex from a Thai company, Italian Thai Development (ITD), over its failure to attract investors to a strategically located, multi-billion dollar project tipped as a game-changer for regional trade. According to two sources involved in the Dawei Special Economic Zone (SEZ), plans have been overhauled […]
Continue ReadingMozambique has picked a Thai construction firm as the preferred developer of a $3 billion railway and port project to boost coal exports, a senior government official told Reuters. Bangkok-based Italian-Thai Development Pcl will construct the 525 km (325 mile) rail line from Tete province to Macuse in Mozambique’s Zambezia province and a port able […]
Continue ReadingThailand leads the way when it comes to quality of life and a good social scene, while Switzerland is top for making money and Germany for raising children Thailand is the easiest place in the world for expats to make friends and have an active social life, a survey has revealed. If the focus is […]
Continue ReadingTHAILAND RANKS near the bottom in an English proficiency survey, showing the persistence of one of the key competitive weaknesses of the Thai economy. Out of 60 countries and territories where English is not their mother tongue, Thailand manages only 55th place – outdoing only Panama, Kazakhstan, Algeria, Saudi Arabia and Iraq, according to the […]
Continue ReadingThe Cabinet approved big changes in the individual income taxation structure. In the executive decree, the maximum tax rate is lowered from 37 per cent to 35 per cent while tax brackets are expanded from five to seven during the 2013 and 2014 tax years. Under the new brackets, the minimum 5 per rate will […]
Continue ReadingThere is no doubt that, if left to stand for the next thousand years, the yet-unborn generations of Thais would be debating the possible purpose of hundreds of concrete pillars that lined the stretch of railroad in northern Bangkok. For the moment, though, the towering concrete slabs – appropriately nicknamed by many as ′Bangkok Stonehenge′ […]
Continue ReadingThailand’s property market may enjoy a 10 per cent growth this year, an expansion by 120,000 housing units, according to the Government Housing Bank (GHB). Samma Kitsin, director of the GHB Real Estate Information Centre, said there were 32,000 newly-built housing units in the first three quarters of the year and the figure will rise […]
Continue ReadingJapanese construction company Obayashi has been awarded a contract to provide civil engineering works for the 288 MW Nam Ngiep 1 hydropower project in Laos. The project is being developed by Nam Ngiep 1 Power Co. Ltd., which includes KPIC Netherlands B.V., the Electricity Generating Authority of Thailand (EGAT), and Lao Holding State Enterprise (LHSE), […]
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