Author: Peter Carlisle

The SET-listed property developer Eastern Star Real Estate (ESTAR) is preparing to launch two new projects worth a combined 1.5 billion baht this month. CEO Ratanachai Phatinavin said the company planned to launch four or five projects worth 4-5 billion baht per year. “We expect to clear our accumulated loss within the next two years,” […]

Prommaharaj Land Development Group, the developer of Bo Bae Tower and owner of the Prince Palace Hotel, is investing 6 billion baht to develop two commercial projects in the Pratunam and Wang Burapha areas worth a combined 12 billion baht. Krerkkiat Purimaporn, managing director of Palladium World Shopping, a Prommaharaj subsidiary, said the group would […]

Airports of Thailand Plc (AoT) is in favour of building a new terminal dedicated to domestic flights as a fast-track way to deal with crowding problems at Suvarnabhumi Airport. The AoT board yesterday agreed with recommendations made by the International Civil Aviation Organisation (ICAO), a UN agency, for the construction of a domestic terminal capable […]

Major reconstruction of Phuket International Airport will start in October, the airport’s new deputy director, Sub-Lieutenant Thanee Choochong, told Phuket Governor Tri Augkaradacha today. The airport’s redesign should be completed next month, he said at a meeting with the governor at Provincial Hall in Phuket City. The decision had been made to demolish the staff […]

Advanced Info Service is threatening to scrap its third generation (3G) network cooperation deal with TOT Plc if its concession owner strikes a roaming agreement with CAT Telecom. The threat could affect the state telecom enterprise’s goal to install 5,000 3G base stations within one year under a 16-billion-baht investment budget. The country’s largest mobile […]

Thailand officially submitted last week the candidacy of Ayutthaya city to host the World Expo 2020. Thailand has been thrilled by the enormous success of Shanghai World Expo 2010, which attracted 70 million visitors, a world record in the history of such an event. Thailand announced last year its bid to host the event and […]

Hyatt Hotels Corporation (H – Snapshot Report) recently announced that one of its affiliates has signed a contract with Bahagia Investment Corporation (Malaysia) Sdn Bhd for the operation of Grand Hyatt Kuala Lumpur.  Financial terms of the deal were not disclosed. Bahagia Investment, a property investment company, is constructing a 42-storey mixed development project in […]

With Krabi enjoying improved infrastructure and lower competition than in Phuket, the Bangkok-based property developer Perry Group International is investing 1.9 billion baht in a hotel, villa and condominium complex on 40 rai of this southern province after holding onto the plot for a decade. Executive director Andrew Ngamsappasilp said now was the time to […]