US$1m-per-MW price includes existing debt Glow Energy Plc, the SET-listed private power producer, will proceed with plans to acquire the Thai unit of England-based Independent Power Corporation (IP) for 7.7 billion baht after Glow shareholders endorsed the acquisition last Friday. Natthapatt Tanboon-ek, Glow’s vice-president for finance and investor relations, said the acquisition of a 100% […]
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Thai wine is gathering growing praise from world-renowned wine experts. Many tourists – including some who sign on as grape pickers – now include vineyards on their list of things to see in Thailand. By Alexander Wischnewski DIE WELT/Worldcrunch “Pungwan! Ya ded a gnun!“ That’s Thai for: “Pungwan! Leave the grapes alone!,“ and it’s what […]
Continue ReadingThailand’s tallest building to-be, the luxury MahaNakhon skyscraper in Bangkok has finally starting piling after a delay in the project timeline. Set to house the Ritz-Carlton luxury residences, Ian Schrager Marriott collaboration for the trendy Edition hotel and commercial/retail space. Pace Development has been under the gun to start work on site and conjecture in […]
Continue ReadingThe South Korean steelmaker Posco Ltd is preparing to purchase additional shares in Thailand’s largest stainless steel maker, Thainox Stainless Plc (INOX) and to make a tender offer for all remaining shares. The shares would be acquired from the family of Prayudh Mahagitsiri, a key financial supporter of the now-defunct Thai Rak Thai party allied […]
Continue ReadingThe Chambers of Commerce of 13 provinces in the North will propose the Bangkok-Chiang Mai and Bangkok-Chiang Rai high-speed train projects to the in-coming government for consideration, Thaweesak Purngworakhun, chairman of Uttaradit Chamber of Commerce, said on Wednesday. The 13 provinces are Mae Hong Son, Chiang Mai, Lamphun, Lampang, Chiang Rai, Phayao, Nan, Phrae, Tak, […]
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Centara Hotels & Resorts has announced its third hotel in Bangkok, Centara Watergate Pavillion Hotel & Spa Bangkok, a 4-star property located at Rachaprarop and above the Watergate Pavillion shopping complex. The announcement follows the signing of a management contract on June 7, 2011 with Oversee Construction Co Ltd., the owners of the project. Centara’s […]
Continue ReadingKey issues on transport projects are awaiting decisions by the new government. A Transport Ministry source said one project was the Thailand-China high-speed rail system on which China is considering a memorandum of understanding submitted by Thailand. Prapat Chongsa-nguan of the Pheu Thai Party, former governor of the Mass Rapid Transit Authority, appears to be […]
Continue ReadingAuthorities are preparing to visit schools from next week to issue national identification cards for children aged between seven and 14 years old there. “Such preparations are included in our implementation plans,” Department of Provincial Administration (DPA) deputy director-general Niran Kanlayanamit said yesterday. Starting from July 10, district offices will also issue national identification cards […]
Continue ReadingVattanac Properties Ltd, a leading property development company in Cambodia, has appointed Jones Lang LaSalle as property management consultants for Vattanac Capital, a mixed-use commercial development in Phnom Penh. Jones Lang LaSalle will provide property management consultancy, client representation and operations management services for the property. Vattanac Capital is the largest mixed-use development project in […]
Continue ReadingSingapore-based Dalvey Development plans to invest more in the Thai condominium market with a 1-billion-baht annual budget for new projects. The company is shrugging off political uncertainties, noting that Thailand is a very attractive market with high growth potential. Moreover, property prices remain low when compared to neighbouring countries, said business development manager Noel Goh. […]
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