The Ministry of Commerce has further relaxed trade restrictions on foreign companies, opening onshore trade in construction materials to local-foreign joint ventures, according to a July 7 announcement. International firms were barred until last year from Myanmar’s import-export industry, which was tightly controlled until 2011 by companies with ties to the former military regime. Last […]
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Thailand’s asset developer Boutique Corporation has submitted the first filing to the Securities and Exchange Commission to raise funds by selling 167 million shares, representing 32.94 per cent holding, in an initial public offering (IPO). After launching its first serviced residence in 2004, Boutique Corp has evolved into developing high-quality serviced residences in premium sites. […]
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Five private developers have joined the bidding race to develop the first phase of low-cost houses on state land. The Treasury Department has put five state land plots in three provinces up for grabs to develop the homes, director-general Chakkrit Parapuntakul said. Project applications have been submitted by Glory Management Co (two plots in Phetchaburi […]
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The nearly completed multi-billion-baht wastewater treatment facility in tambon Khlong Dan of Samut Prakan’s Bang Bo district has been neglected for 13 years due to corruption scandal. The Department of Special Investigation (DSI) will prosecute the NVPSKG joint venture, the contractor of the 24-billion-baht Khlong Dan wastewater treatment project, for alleged money-laundering. On Friday, the […]
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Ho Chi Minh City administration has sought permission from the central government to build a suspended bridge that will make it easier to travel to neighbouring industrial hub Dong Nai, according to Thanh Nien News Online on Thursday. The 4-km suspended bridge across the Dong Na river that will link HCM’s district two and Dong […]
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One of Asia’s leading yachting facilities Royal Phuket Marina has been put into the transaction market. Developed in 2005 by entrepreneur Gulu Lalvani, the facility features 110 wet berths and a hardstand for 40 watercraft. The sale includes 100% interest in the marina, the commercial complex along with a beachfront site in nearby Naka Yai […]
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The Office of Transport and Traffic Policy and Planning (OTP) has proposed a Bus Rapid Transit (BRT) system within the developing Phaholyothin transportation center. The OTP held its third public forum to publicize its environmental impact assessment on the BRT proposal. The forum proposed the use of a BRT system as a means of public […]
Continue ReadingTwo of Thailand’s leading small-sized power producers Sahacogen (Chonburi) Pcl and Saha Patthana Inter Holding Pcl, have entered into a joint venture to build biomass power plants in Cambodia and Myanmar with a total investment of about $20 million, according to a Singapore-based online business news agency. DealStreetAsia quoted Viroj Theeravatvatee, managing director of Sahacogen […]
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An influx of foreign engineers into Myanmar’s booming construction sector has prompted the authorities to crack down on unlicensed expats. Developers are required to register foreign workers with the local council, and suspensions await those that do not abide by the rules. Both local and foreign developers have had to register their expat employees […]
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The Energy Regulatory Commission (ERC) has revoked the solar farm development licences of 19 holders who failed to start operations by June 2016. The ERC said it had initially granted licences to a total of 96 firms in 2010 without setting a deadline for beginning operations, but the military government decided to set the June […]
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