Thailand’s CPN buys out listed property developer GLAND for $616m 14 September 2018 Thai retail developer Central Pattana Pcl (CPN) has said it will acquire listed property player Grand Canal Land (GLAND) for 20.14 billion baht ($616.63 million), according to its filing to the Stock Exchange of Thailand on Wednesday. The company has, through its […]
Continue ReadingMitsubishi Corporation to Establish Joint Venture for Urban Development Projects in Asia Mitsubishi Corporation (MC) is pleased to announce that it has reached an agreement with Surbana Jurong (SJ) to establish a new joint venture. SJ is a wholly owned subsidiary of Temasek Holdings, a Singapore government affiliated investment company. The new joint venture will […]
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Bangkok’s MRT given the green light to run Phuket and Chiang Mai light rails 12 September 2018 Bangkok’s subway operator. the MRTA (Mass Rapid Transit Authority) has been given the green light to invest in the proposed Phuket/Phang Nga and Chiang Mai light rail services. The MRT is also going to run the service when […]
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Chiang Mai tram project: Investors sought just for proposed red line 11 September 2018 Chiang Mai News reported that plans for the tram in the northern Thai city were first mooted in the mid 1990s. There is still no tram – or light rail transit as it is now referred to. The authorities have decided […]
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Thailand’s PTT seeks bidding partner for $7bn rail project 11 September 2018 Energy group expects high-speed link to cut logistics costs and boost retail revenue Thai oil and gas group PTT is in discussions with potential partners about a joint bid for an estimated $7 billion high-speed train project linking three major airports, as part […]
Continue ReadingBangkok’s Transit line extensions spur condo rush 11 September 2018 Condos in locations along mass transit line extensions have become more popular because of affordable prices, while units in the inner city face a glut and are overpriced, says SET-listed developer Supalai Plc. Managing director Tritecha Tangmatitham said condos in some parts of the inner […]
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Mandarin Oriental set to debut in Phuket, Thailand 10 September 2018 Mandarin Oriental Hotel Group has announced that it will operate a new luxury resort on Phuket Island in Thailand, scheduled to open in 2022. Known for creating luxury hotels that blend with the destination, Mandarin Oriental announced its latest project in the tourist hotspot […]
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Plans for new car ferry linking Hua Hin and Sattahip gathers speed Officials in Prachuap Khiri Khan met earlier this week to put in motion plans to build a new ferry terminal south of Hua Hin in Pak Nam Pran. The new terminal will accommodate a car ferry and link Prachuap Khiri Khan with Sattahip […]
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BIG budgets B4bn for capacity expansion – Gas maker taps allies for new-high spending 10 Sep 2018 Bangkok Industrial Gas Co (BIG), Thailand’s largest industrial gas producer, has set aside almost 4 billion baht for a capacity expansion in the domestic market and a new gas separation plant in Myanmar. BIG created a financial venture […]
Continue ReadingDusit enters Luxury Villa Rental Market with Acquisition of Elite Havens 10 September 2018 The acquisition was announced on Fri 7 Sept at the Dusit Thani, Bangkok. Dusit Thani PCL (TSX:DTC), one of Thailand’s foremost hotel and property development companies, has expanded into the high-end vacation rental market through the full acquisition of Elite Havens, […]
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