The completion date for the new terminal at Phuket International Airport has slipped back from November 2014 to early 2015, meaning a longer period of overcrowding and tourist unhappiness. The new date for finishing the long-awaited building was revealed in an interview with Airports of Thailand managing director Flight Lieutenant Anirut Thanombutr. The new facility […]
Continue ReadingThailand’s Zinc InVision Hospitality Group has signed two new Pattaya properties in their development pipeline. First is a conversion of the 149 room Hotel Selection which has been renamed Glow by Zinc. A THB 70 million renovation program will be undertaken and the property expanded to 174 keys. It will enter the market by the […]
Continue ReadingThailand and Cambodia are to establish a working group to facilitate cooperation for the Stung Num hydropower plant and a coal-fired power plant on Koh Kong after both countries agreed on electricity sharing. Thailand’s Minister of Energy Pichai Naripthaphan and Minister of Foreign Affairs Surapong Tovichakchaikul were officially visiting Cambodian Prime Minister Hun Sen Thursday […]
Continue ReadingChubu Electric Power Company, Incorporated has decided to participate in a wind energy project in northeastern Thailand and has acquired 20% of shares in each of First Korat Wind Co., Ltd. and K.R. Two Co., Ltd., the operating companies in this project. This is Chubu Electric Power’s initial participation in a wind energy project outside […]
Continue ReadingPrism Estates have won the Best International Architecture Award (Multiple Residence) as developers of the Istana Phuket residential estate at Naithon Beach. The International Property Awards (IPA) ceremony was held on December 12 at the Savoy Hotel in London, England and produced in association with Bloomberg TV and Google . The award validates the architectural […]
Continue ReadingSena Development is investing Bt590 million to acquire 99.99 per cent of T Treasury Holding Co, the owner of the Pattaya Country Club and Resort in Chon Buri province. “We plan to develop both residences and a hotel in Pattaya next year to serve the demand for second homes,” Kessara Thanyalakpark, a director of Sena […]
Continue ReadingDCM-Solutions awarded the main contract works of the Promenada Shopping Center in Chiang Mai, Thailand. Netherlands-based mall developer ECC International Real Estate Hanoi announced plans to invest 400-500 million USD over the next five years to develop five to six malls in Vietnam and Thailand. Its first resort-style mall, to cost 2.9 billion baht (96 […]
Continue ReadingThailand’s most valuable real estate is located on Bangkok’s Silom Road, with property worth Bt850,000 per square wah (4 square metres), followed by the capital’s Rajprasong intersection, the epicentre of last year’s red-shirt political rally, where each square wah fetches Bt800,000, according to the Treasury Department. Average land prices nation-wide increased 21.34 per cent over […]
Continue ReadingA man and a woman charged with international crimes have been arrested on an Interpol warrant in Phan Thiet City in the coastal province of Binh Thuan, the province’s Police Department has said. The Swedish couple, Lundgren Nils Goeran Lennart and Sonja Kristina Bridget Eklund Mickelsson, both 58, will be handed over to the Swedish […]
Continue ReadingI WRITE as an executive of a company who, due to business expansion, has plans to invest in additional production and warehouse facilities in both Malaysia and Thailand. My experience in undertaking these plans have been starkly different in both countries. The experience in Malaysia has been a tortuous journey in unravelling state authority and […]
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