Diversification key to navigating downturn SET-listed contractor EMC Plc plans to launch two new condominium projects worth a combined 2 billion baht this year. The company hopes to boost revenue from its property development business to 50% from 30% last year. Kittiphun Ouiyamaphun, managing director for real estate, said EMC would focus more on property […]
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Vietnam’s Deputy Prime Minister, Nguyen Xuan Phuc, has ordered the Ministry of Transport and relevant agencies to make sure the design for Long Thanh International Airport’s terminal building is compatible with the overall concept for the airport. Vietnam Investment Review reported that the minister insisted the terminal design had to take into consideration the specific […]
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Central Group Thailand, the country’s largest retail conglomerate, plans to invest some 39 billion baht (US$1.1 billion) in new supermarkets, stores and hotels this year to boost turnover. Central is the largest mall operator in Thailand by network number and also owns department stores anchoring most of its centres. Internationally, the company owns upmarket department […]
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Marriott International, Inc. announced the opening of Hua Hin Marriott Resort & Spa today under the company’s iconic flagship brand Marriott Hotels. Featuring 322 rooms that combine modern design and Thai Colonial features, the resort is equipped with state-of-the-art facilities located within the serene seaside town of Hua Hin. Hua Hin Marriott Resort & Spa […]
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Ahead of the upcoming Sustainable Energy & Technology Asia exhibition & conference 2016, Eco-Business looks at the impact of the landmark United Nations deal on climate change on Southeast Asia’s efforts to meet its growing energy demand in a sustainable way. When almost 200 countries defied the odds to ink the first universal deal to […]
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Toshiba Mitsubishi-Electric Industrial Systems Corp (TMEIC) said Tuesday it has officially established a subsidiary in Thailand, aiming to take advantage of growing demand for photovoltaic (PV) equipment in the country. The new entity, called TMEIC Asia (Thailand) Co Ltd, is located in the metropolis of Bangkok. Apart from selling industrial electric equipment and systems, including […]
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Borey Penghuoth Group scoops the Best Developer (Cambodia) award, plus four more It’s the biggest event in Cambodian real estate, since, well, ever. Tonight the industry celebrated the best of the best of the Cambodia property sector together with a guest list that included nearly 300 of the kingdom’s top professionals and leaders such as […]
Continue ReadingPROPERTY PRICES continue to rise in Southeast Asia, especially in Thailand, Vietnam, Laos and Myanmar, driven largely by plans to develop the countries’ infrastructure to link their transportation systems and serve demand under the Asean Economic Community. In Thailand, land prices close to the mass-transit system in Bangkok have risen over the past five years […]
Continue ReadingA feasibility study for a railway linking the Lao capital of Vientiane with Vung Ang seaport in central Ha Tinh province of Vietnam has begun, a senior Lao official has said. The study of the 550km-long rail line is set to take about two years to complete, scheduled from December 2015 to December 2017, according […]
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Russia has expressed interest in setting up a plant in Thailand to manufacture weapons to meet local and regional demand, and in investing in Thai railways. The offer was made to the delegation led by Deputy Prime Ministers Prawit Wongsuwon and Somkid Jatusripitak during their visit to Moscow from Feb 23 to 25, according to […]
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