CapitaLand Limited’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has made its first foray into the popular tourist destinations of Pattaya in Thailand and Cebu in the Philippines by securing five new contracts to manage 875 apartment units. With 14 management contracts signed in Southeast Asia this year, Ascott has added over […]
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A worker illustrates the dimensions of the tunnel under the Chao Phraya River. It is part of the extended Blue Line railway linking Hua Lamphong and Bang Khae. The tunnel itself connects Sanam Chai to Itsaraphap Road on the Thon Buri side of the river. (Photo by Apichart Jinakul) Work on Thailand’s first rail tunnel […]
Continue ReadingPTT PLC will import about one million tonnes per year of liquefied natural gas from Malaysia’s oil and gas company Petronas to prepare for the expected rise in future demand and strengthen Thailand’s energy stability. “PTT recently signed an MoU (memorandum of understanding) with Petronas for the import of LNG at one million tonnes per […]
Continue ReadingThe proposed four-lane road linking Kanchanaburi with Myanmar’s Dawei deep-sea port and special economic zone (SEZ) is expected to go before the neighbouring country’s cabinet after the Nov 8 election. The 134-kilometre road valued at 4.5 billion baht will help shorten travel time between Kanchanaburi province and Dawei to two hours from four or five at […]
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Traffic jams, street protests, bombs and floods have helped drive people to use Bangkok’s mass-transit system as the city’s population approaches 10 million people. (Photo by Panupong Changchai) Bangkok Mass Transit System, operator of the elevated Skytrain network, has opened bidding to buy as many as 43 trains valued at 10 billion baht for its […]
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Five people were hurt when this truck smashed into cars at a red light in May. Thailand this year posted the second-highest road-fatality rate in the world, the World Health Organization said. (Bangkok Post file photo) A lack of key safety standards and poor enforcement of laws already on the books have combined to give […]
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Tourism authorities expect 70,000 visitors to Koh Samui from Hong Kong and China this year and believe the market has good potential for growth. THANARAK KHUNTON The Tourism Association of Koh Samui (TAKS) forecasts the average hotel room rate on the island will remain stable until 2017 due to fierce competition and supply from illegal […]
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A land owner in Bang Krachao in Samut Prakan put up this sign to sell his plot. Signs like this are more frequently seen in Bang Krachao as the land price rises. As more sell agricultural land in Bang Krachao, groups promote eco-tourism THE AGRICULTURAL image of Samut Prakan’s Bang Krachao area is set for […]
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The Finance Ministry is poised to allow property developers to deduct expenses incurred from building homes for the poor from their taxable profits under a soon-to-be-launched scheme. The move is part of government efforts to improve living standards for the poor. Construction costs for homes valued at no more than 500,000 baht would be eligible […]
Continue ReadingMyanmar will be home to Southeast Asia’s largest solar power plant. Black & Veatch was recently appointed by Green Earth Power (Thailand) to provide design and consultancy services for the project with the construction to commence in the first quarter of 2016. “Electricity is an urgent priority in Myanmar and has serious implications on economic […]
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