Real estate developers bracing for residential property market slump in North Thailand Real estate developers in Thailand’s North are a bracing for a slump in the residential property market, as the number of home buyers is dwindling and banks are imposing stricter rules on home buyers and reportedly denying mortgages. The president of the Chiang […]
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Global Power Synergy readies to become the sixth Thai company to apply for a licence to import liquefied natural gas (LNG) Global Power Synergy Plc (GPSC), the power generation arm of PTT Plc, is planning to become the sixth Thai company to apply for a licence to import liquefied natural gas (LNG), currently trading at […]
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New Normal for Thailand’s property developers as marketing moves online “The coronavirus pandemic comes at a moment where the Thai real estate market has seen an over-supply coupled with reduced demand since 2019 due to appreciation of the baht and overall economic sentiment.” Restrictions on movement, a lack of foreigners visiting and inspecting properties, and […]
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Bangkok 35th most expensive city for expats, Hong Kong most expensive Bangkok is the 35th most expensive city for expats (+5 compared to 40th in 2019) according to Mercer’s 2020 Cost of Living Survey According to Mercer’s 2020 Cost of Living Survey, Hong Kong tops the list of most expensive cities for expatriates, followed by […]
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Annual quota for foreigners that could be granted Thailand permanent residency in 2020 now open for application Immigration authorities on Tuesday confirmed an annual quota for foreigners that could be granted permanent residency in 2020. The order signed by PM Prayut Chan-o-cha and published on Royal Government Gazette keeps its quota of no more than […]
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Migrant worker exodus during the Covid-19 pandemic prompts fears of labour shortages in Thailand The director-general of Thailand’s labour department has met with Myanmar’s Ambassador Myo Myint Than to discuss how Thailand can manage the country’s migrant workers during the Covid-19 pandemic. The government wants Burmese migrant workers to stay in Thailand rather than return […]
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Vietnam’s Hà Tĩnh province approves $695 million Kỳ Anh MK wind power plant project The People’s Committee of the central province of Hà Tĩnh has approved a wind power project with a total investment of VNĐ16.2 trillion (US$695.3 million). The project is studied, invested and built by the Mk Central Solar Power JSC in Kỳ […]
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Chinese construction firm to be dumped for ‘shoddy work’ on Cambodia’s National Road 7 construction in Kratie and Tbong Khmum The National Road 7 construction in Kratie and Tbong Khmum, which cost $36 million, was separated into three main worksites. The work was expected to take 18 months and the Chinese company would be responsible […]
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A new expressway link is planned for Myanmar, between the Thilawa Special Economic Zone (SEZ) and the Yangon-Mandalay Expressway Myanmar is to benefit from a new expressway project, which will boost transport and economic development. The expressway will run between the Thilawa Special Economic Zone (SEZ) and the Yangon-Mandalay Expressway. A portion of the funding […]
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Construction of Laos’ Bokeo-Xayaboury bridge passes halfway point A 505-metre bridge spanning the Mekong River between Paktha district in Bokeo province and Khop district in Xayaboury province and linking to Thailand is over 55 percent complete. The progress was reported when Deputy Minister of Public Works and Transport, Dr Viengsavath Siphandone and involved officials visited […]
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