As wealthy Russians have pulled back spending on overseas property in some countries as a result of the political and financial troubles, and instead turned to safe havens, there has been a desperate scramble to replace the business lost. The loss of business has been keenly felt in Thailand, where Russians were among the leading […]
Continue ReadingAfter many ups and downs, China has finally won the railway cooperation project with Thailand. Zhu Xijun, general manager of the Southeast Asia Company of China Railway Construction Corporation (CRCC), said on Aug. 26 that after six rounds of negotiation, both sides plans to sign the inter-governmental framework agreement on the China-Thailand Railway project in […]
Continue ReadingIn its push for coal-fired mega-projects, the government risks turning its back on sufficiency-economy thinking and the need for ‘clean’ energy We are in the countdown to the United Nations Climate Change Conference, to be held in Paris from November 30 to December 11. This is the 21st session of the Conference of the Parties […]
Continue ReadingNewly-appointed Transport Minister Arkhom Termpittayapaisith has vowed to kick-start the construction of 17 megaprojects valued at 1.6 trillion baht before the end of next year as part of a plan to stimulate the economy. He was speaking after delivering his policy address to ministry agencies on Wednesday. The ministry will speed up the bidding process for the projects and bring forward […]
Continue ReadingCompanies opt to relocate plants to Southeast Asia to cut labor costs. The label of “made in China”, which was synonymous with the global solar industry, is in danger of fading out as a growing number of firms move their plants overseas to skirt spiralling import duties. Hit hard by the steep tariffs imposed by […]
Continue ReadingThe single-ownership expatriate standard apartment market in Bangkok is performing well despite competition from rental units in condominiums, according to CBRE, a leading property consultancy company in Thailand. The number of expatriates with work permits in Bangkok grew by 9.5% Y-o-Y to around 79,000, according to statistics from the Ministry of Labour. Most expatriates only […]
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For some, the old adage, “Fool me once, shame on you; fool me twice, shame on me,” can be applied to the Klong Dan water treatment project saga. A bird’s eye view of the suspended Klong Dan waste water treatment facility in Samut Prakan’s Bang Bo district. PATTARAPONG CHATPATTARASILL The Ministry of Natural Resources and […]
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CNBC Sorapoj Techakraisri, CEO of PACE Development Corporation. Standing at 314 meters, the 77-storey MahaNakhon building in Bangkok’s central business district will not just be Thailand’s tallest building when completed by year-end. It will also be a representation of Thai building boss Sorapoj Techakraisri’s faith in his homeland’s ability to withstand the economic downwinds it […]
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A report in the Straits Times Vietnam is set to build a US$2.5 billion seaport in Ca Mau, its southernmost province, hoping to steal some spotlight away from the more popular regional hubs Singapore and Malaysia and could be a clue to Kra Canal. Vietnam announced that it would build a US$2.5 billion deep-water seaport, […]
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Solar energy developer Conergy has partnered with Symbior Solar group company ATC Enviro to plan three new solar farms for Thailand. The three parks will have a combined capacity of 19MWp and will contribute towards Hong Kong-based Symbior Solar’s growing portfolio in Thailand, which currently comprises six solar farms with a combined capacity of 30MW. […]
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