Four decades of solid Thailand and China relations have almost been derailed by their failure to reach a final agreement on the construction of a high-speed train system. After nine rounds of back and forth negotiations since January 2015, Thailand surprisingly has thrown down the gauntlet. At the end of March in Sanya, Hainan Island, […]
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Thailand’s Finance Ministry is considering offering incentives to property developers that build homes for Thai seniors. Thailand’s population is aging, according to Wisudhi Srisuphan, Deputy Finance Minister. Mr. Wisudhi stated that the government wanted property developers to build homes for the disabled and elderly that were innovative. “If property firms developed innovative homes, they could […]
Continue ReadingBuilk Asia launched last week as an e-commerce portal that connects steel producers with buyers in the construction industry. After a year of testing its e-commerce operations, Builk Asia’s Builk.com launched last week as a portal where construction companies in Thailand and other Asian countries can buy steel and other construction materials and products. Builk.com […]
Continue ReadingThai construction contractor Ch Karnchang Pcl said on Thursday it expected higher revenue this year thanks to the government’s infrastructure investments, which should help stimulate activity in the sector. Ch Karnchang, one of Thailand’s top three firms in the sector, aimed for construction revenue of 35-38 billion baht ($998 million-$1.08 billion) in 2016 versus 34.8 […]
Continue ReadingThe real estate sector will continue to enjoy windfall from the construction and extension of both sky train and subway train routes this year, according to Mr Sophon Pornchokechai, managing director of the Agency for Real Estate Affairs (AREA). He stated that real estate developers were showing strong interest in developing properties located along planned […]
Continue ReadingThailand’s Inter Far East Energy Pcl said on Wednesday that China’s Goldwind International Holding will buy a 10 percent stake in its wind power unit as part of a partnership to expand the wind power business. Goldwind International is part of Xinjiang Goldwind Science & Technology Co Ltd, the world’s biggest wind turbine maker. The […]
Continue ReadingLAOS AIMS to use Monsoon Wind Power, Asean’s largest wind farm to be built by a Thai developer, as an exemplary prototype for Asean Monsoon Wind Power is a 600-megawatt wind-farm project that will be the largest in Asean. The site covers two districts in southern Laos – Dak Cheung in Sekong province and Sanxay […]
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Swissôtel Hotels & Resorts has been appointed to manage its second resort in Phuket, and fourth property in Thailand. Currently operating as dusitD2 Phuket Resort, it is scheduled to commence operation as Swissôtel Phuket Patong Beach Resort in June 2016. This is the second resort that the brand will manage for owner Destination Properties; the […]
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Plans have been revealed that a new international airport will be built in Lamphun to accommodate more flights, including Boeing 737 and Airbus A380 aircraft, to the north of Thailand. Lampang Governor, Samart Loyfa, revealed the plans when he was interviewed on the radio about talk about a new international airport being built in Lampang. […]
Continue ReadingThailand’s latest solar energy project is expected to spur investment of around 18 billion baht ($512 million) this year, which should help support the slowing economy, the country’s energy regulator said on Tuesday. Some 67 farm cooperatives along with several listed companies won the right to sell a combined 281.32 megawatts (MW) of solar power […]
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