Shareholders of SET-listed construction company Demco saw their investment value drop by 17% at one point yesterday in panic selling after the largest shareholder of an associate firm was reportedly involved in a scandal linked to former Central Investigation Bureau chief Pol Lt Gen Pongpat Chayapan. Demco shares opened yesterday on a negative note, falling […]
Continue ReadingThe cabinet has discussed implementing an urgent water management project worth in excess of 100 billion baht to tackle drought and floods. Prime Minister Prayut Chan-o-cha said after the cabinet meeting yesterday the project, estimated to cost about 110 billion baht, was tabled for discussion. It will be an urgent undertaking as the country is […]
Continue ReadingAETAS, A LUXURY 24-storey hotel in Soi Ruamrudee, faces demolition within 60 days on the orders of the Supreme Administrative Court, which yesterday upheld an earlier ruling that the construction violated building laws. The hotel, which has a connected 18-storey serviced apartment, has 214 rooms in Soi Ruamrudee and is already in service. The court […]
Continue ReadingA luxurious hotel in Soi Ruamrudee will have to be demolished on the orders of the Supreme Administrative Court, which on Tuesday upheld an earlier ruling that its construction was against city laws. The court ruling said that highrise in Soi Ruamrudee had been built illegally as the soi is not 10 metres wide as […]
Continue ReadingPhysical progress of condo construction is tipped to be the best marketing and sales tool for small or new property firms, says developer Albright Holdings Co. “As a small property firm, we need to start construction first to secure consumers’ confidence,” managing director Somchai Amnueypornsakul said yesterday. Bright Wongwian Yai, a 3-billion-baht project by Albright […]
Continue ReadingTokyo, 1 December (Argus) — Japanese power producer and wholesaler J-Power today started commercial operations at its 800MW No.2 Nong Saeng gas-fired power unit in Thailand. The debut of the new unit, in Saraburi, 100km north of Bangkok, brings Nong Saeng to full operations with a total capacity of 1,600MW. The 800MW No.1 unit started […]
Continue ReadingTHE Chinese government has agreed a soft loan for the construction of standard-gauge double-track lines in Thailand, which currently has a metre-gauge rail network. The agreement was signed at the Asia Pacific Economic Cooperation (Apec) summit in Beijing by the Chinese premier Mr Li Keqiang and Thailand’s prime minister General Prayut Chan-o-cha. Thailand will repay […]
Continue ReadingThailand-based ONYX Hospitality Group has experienced a record year in 2014 with nine property openings between January and September, equating to an average one opening per month. ONYX currently manages 51 properties, including 14 properties in development, ensuring its strategic plan to manage 81 hotels, resorts and serviced apartments by 2018 is on track to […]
Continue ReadingA new water park, the Vana Nava Hua Hin, gets flowing in time for tourism season Get ready to take the plunge as Asia’s first water jungle, the Vana Nava Hua Hin, turns on the tap next week. Home to 19 water rides, the amusement park is aiming to become one of the leading attractions […]
Continue ReadingBLEADNEY resident Jack Chalker, a British artist and prisoner of war on the Burma-Siam Railway, has died aged 96. Mr Chalker painted the atrocities that saw more than 12,000 Allied prisoners perish during the railway’s construction, along with at least 90,000 Asian labourers. Born on October 10 1918 in London, his father, Alfred, was a […]
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