Plan to rush building of second terminal, third runway cancelled Airports of Thailand Plc has been ordered to adhere to its original expansion plan for Suvarnabhumi airport, and has cancelled plans to accelerate construction of a new passenger terminal and third runway. (Photo by Somporn Thapanachai) The board of Airports of Thailand Plc (AOT) has […]
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MRTA ready to run Green Line itself Bearing station (Sukhumvit Soi 107) opened four years ago, and plans call for an extension of the line to Samut Prakan. (Photo by Apichart Jinakul) The Transport Ministry disagrees with City Hall’s plan to take over the two extended sections of the skytrain connecting Soi Bearing-Samut Prakan and Mor […]
Continue ReadingBUILDING on their joint success two years ago, Ananda Development and Japan-based Mitsui Fudosan are extending their partnership with five condominium projects in Bangkok worth Bt19 billion. Their joint venture has already developed four projects with 4,100 units worth Bt26 billion since it started up in 2013. The five condo projects with 4,200 units will […]
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Electricity or tourism is the big choice in the energy-starved South Tourism operators and local communities in the South have urged the government to choose between energy security and sustainable tourism. Anti-coal banners can be spotted around Krabi’s Nua Khlong district, where locals are fighting against the construction of a second, bigger coal-fired power plant. THITI […]
Continue ReadingSwiss hospitality firm Movenpick Hotels & Resorts still sees potential in Thailand’s upscale hotel segment, particularly in Bangkok, and plans to double its hotels in the country to eight by 2017. Jens Reichert, vice-president for development, said Thailand was one of the most attractive tourism destinations in Southeast Asia. Bangkok may be facing an oversupply of […]
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Thai government officials have denied media reports that Bangkok has signed an agreement with Beijing to construct a shipping canal through the Kra Isthmus that could allow ships to bypass the Straits of Malacca. A boat travels along a canal in Thailand. (Photo: Pornchai Kittiwongsakul/AFP) BANGKOK: Senior Thai officials on Tuesday (May 19) denied reports […]
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“Cheap” energy fails to take into account the permanent environmental devastation, the social breakdown and the long-term repercussions. (File photo) The National Energy Policy Council last week approved Thailand’s new Power Development Plan (PDP 2015), which lays out Thailand’s energy and investment plans for the next 21 years. The plan aims to double Thailand’s installed energy […]
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Visual from BTS homepage Thailand based real estate developer Sansiri PCL announced that it would be setting up seven joint venture companies with BTS Group Holdings towards the development plan for new residential projects, over the next 12 months. Under the Strategic Alliance Framework Agreement, Sansiri and the BTS Group will hold 50 per […]
Continue ReadingSoonchai Kumnoonsate, the governor of the Electricity Generating Authority of Thailand, insisted that it is necessary to proceed with the planned power plant in Krabi due to increasing power demand in the southern part. He said that the region’s power consumption has peaked at 2,700 megawatts, against the generating capacity of 2,300MW. Meanwhile, demand in […]
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Thailand’s hotel investment market remains buoyant and attractive to both domestic and foreign real estate investors. It has improved steadily since the market slump during the global financial crisis that erupted in 2009. Transaction values tracked by the Hotels and Hospitality Group of JLL in Thailand reached 13.9 billion baht in 2014, or 5.7% of […]
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