The value of construction projects approved by the government in 2015 increased by 33 percent to about $3.33 billion compared to the previous year, according to a government report obtained on Sunday. The 2,305 projects approved last year by the Ministry of Land Management, Urban Planning and Construction covered approximately 7.7 million square meters of […]
Continue ReadingThailand’s SET-listed Advanced Connection Corporation (ACC) has sealed the deal to acquire the entire shares in Saraburi Project Group Companies from the existing shareholders with total investment of 320 million baht ($8.82 million). ACC’s managing director Yuttana Taepangthong told DEALSTREETASIA that the acquisition was in line with company’s plan to fully diversify into renewable energy […]
Continue ReadingTHE GOVERNMENT’S policy to fast-track transport mega-projects worth Bt1.79 trillion might not stimulate the economy as much as hoped. Also, the rail projects by giant economies – China and Japan – were put in the plan as first priority to be carried out even though many market watchers harbour doubts that the projects would start […]
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Thai property developer Sena Development PCL (BKK:SENA) said on Thursday it has purchased a company previously known as TT Renewable Energy Co Ltd that has interest in solar parks with a combined capacity of 46.5 MW. The firm, now known as Sena Solar Energy Co Ltd, has investments in five 8-MW plants and one 6.5-MW […]
Continue ReadingAn international consortium headed by one of China’s biggest conglomerates has been awarded the project to develop the Kyaukphyu Special Economic Zone in Rakhine State, reports said last week. The decision to award the bid to build and operate an industrial park and a deep-sea port at the SEZ was announced on December 31 by […]
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The Orange Line is a proposed rapid transit system that will connect the Thailand Cultural Centre in Huai Khwang district to Min Buri district in eastern Bangkok. The 21.2km electric railway line will include a 12km underground section and a 9km elevated section, and will serve approximately 114,000 passengers a day. A planned second phase […]
Continue ReadingDESPITE world oil prices tumbling to 11-years lows, Thai electricity rates are returning to an uptrend, said Viraphol Jirapraditkul, a member of the Energy Regulatory Commission (ERC). After announcing last month a cut of 1.57 satang per kilowatt-hour on electricity tariffs nationwide from January to April, he said the next four-month period would probably see […]
Continue ReadingPlans for a fifth bridge connecting Thailand and Laos across the Mekong River is underway with blueprints being examined by the Lao government, a provincial official said on Tuesday. Connecting the Thai province of Loei with Vientiane Province in Laos, the bridge is set to see the status of an existing border crossing upgraded to […]
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Thirteen workers were injured and one was missing after a large crane being used in the construction of a bridge across the Chao Phraya river collapsed on Tuesday. The accident occurred about 11am during construction of an 800-metre bridge across the Chao Phraya river between tambon Ko Rian and tambon Samphao Lom in Phra Nakhon […]
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The Steel Plc (THE), an SET-listed rolled steel maker, plans to diversify into power generation to ensure a long-term revenue stream as the steel industry struggles. The company will acquire two gas-fired power plants via a subsidiary, The Siam Power, in which The Steel Plc owns 70% and other investors the rest, said chief executive […]
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