Construction News

Green Line extension from Bearing to Samut Prakan ready 6 Dec 2018

Green Line extension from Bearing to Samut Prakan ready 6 Dec 2018 4 December 2018 (NNT) – The Bangkok Metropolitan Administration (BMA) has assured the public that the BTS Skytrain Green Line extension from Bearing to Samut Prakan will be fully operational on December 6th. According to the BMA, Prime Minister Gen Prayut Chan-o-cha will preside over the opening ceremony this Thursday, December 6th. The BMA has entrusted officials in Samut Prakan to come up with a plan to mitigate traffic congestion in the area, as a large… Read more »

Italian-Thai inks contract, sees 18% 9month profit drop

Italian-Thai inks contract, sees 18% 9month profit drop 30 November 2018 Italian-Thai Development Plc has inked a contract worth Bt5.34 billion for construction of a port and natural gas station in Rayong with PTT LNG Co Ltd, according to the company reports to the Stock Exchange of Thailand yesterday. The contract will take time 30 months for construction, the company said. Meanwhile, for the third quarter of this year, the company reported total revenue of Bt14.72 billion and a net profit of Bt119.13 million, up 3.63 per cent… Read more »

Uncertainty for Dawei mounts as Myanmar govt considers replacing Italian-Thai Development (ITD)

Uncertainty for Dawei mounts as Myanmar govt considers replacing Italian-Thai Development (ITD) 28 November 2018 Lack of clarity in the contract signed between Italian-Thai Development (ITD) and the Myanmar government to develop the highly controversial Dawei Special Economic Zone (SEZ) in Tanintharyi Region needs to be addressed, an SEZ official cautioned as the government is mulling plans to change the developer. Myanmar SEZ Central Working Body Secretary U Aung Soe said there could be financial repercussions for Myanmar if the contract is dissolved before the ambiguities are straightened… Read more »

Coal shortage could sap Vietnam’s energy

Coal shortage could sap Vietnam’s energy 28 November 2018 A serious coal shortage is threatening Vietnam’s power production plans even as the nation’s demand for energy rises. Le Duy Hanh, chairman of the Quang Ninh Thermal Power Company (TPC Quang Ninh), said they have shut down two out of four turbines since November 17 due to a lack of coal. He told VnExpress that the state coal mining group Vinacomin has supplied 2.6 million tons of coal to his plant this year, but another 145,000-200,000 tons are needed… Read more »

Thai oil giant PTT to take on Starbucks with $1.3bn investment plan

Thai oil giant PTT to take on Starbucks with $1.3bn investment plan PTT prepares for retail spinoff with coffee chain expansion 28 November 2018 Thailand’s biggest oil company, PTT, is planning a $1.3 billion investment over five years to build its coffee shop franchise into a global brand rivaling U.S. giant Starbucks, as it prepares to spin off the retail business. Jiraporn Khaosawas, chief executive of PTT Oil and Retail, which is due to be floated early next year, said the group aimed to open 20,000 branches around… Read more »

BMA Governor inspects BTS Green line service – Bearing to Samut Prakan

BMA Governor inspects BTS Green line service – Bearing to Samut Prakan  29 November 2018 (NNT) The Governor of Bangkok has inspected the BTS Green Line extension before the nine stations from Bearing to Samut Prakan open for a four-month trial from December 6th to April 15th. Bangkok Governor, Police General Asawin Kwanmuang together with a party of officials and representatives of the Bangkok Mass Transit System Public Company Limited (BTSC) took a test run on the 13-kilometer green line service from Samrong to Samut Prakan National Housing… Read more »

Dusit International and Silpakorn University to preserve heritage of Dusit Thani Bangkok

Dusit International and Silpakorn University to preserve heritage of Dusit Thani Bangkok 27 November 2018 Unique project to preserve the rich architectural and artistic heritage of Dusit Thani Bangkok Dusit International, one of Thailand’s leading hotel and property development companies, has partnered with Silpakorn University to launch a unique project to preserve the rich architectural and artistic heritage of the company’s iconic flagship hotel, Dusit Thani Bangkok, which will be redeveloped next year as part of a landmark mixed-use development. Officially titled ‘Preserving Dusit Thani Bangkok’s Artistic Heritage,’… Read more »

Thailand’s Gulf Energy and Mitsui to start working on 2.5GW combined-cycle power plant

Thailand’s Gulf Energy and Mitsui to start working on 2.5GW combined-cycle power plant 14 November 2018 About $1.5b will be invested in the project. Thailand’s energy producer Gulf Energy Development (Gulf) and the Public Japanese conglomerate Mitsui have agreed to start works on the 2,500MW Chonburi combined-cycle (CCGT) power plant in the Chonburi province of Thailand before the end of 2018. Approximately JPY170b ($1.5b) will be invested in the project, which will include four units of 625 MW each slated to become gradually operational between March 2021 and… Read more »

GULF successfully signs a long-term loan agreement on GSRC power project

GULF successfully signs a long-term loan agreement on GSRC power project 9 November 2018 Gulf GSRC power project, operated by Gulf Energy Development Public Company Limited or GULF, has successfully secured debt financing and has entered into financing agreements to obtain long-term loan facilities. GSRC power project, the first of the IPP projects, has successfully secured debt financing and has entered into financing agreements to obtain long-term loan facilities with an aggregate amount of approximately 38,000 million baht, in which 50% is denominated in Thai Baht and 50%… Read more »

ONYX announces second Amari property in Vientiane Laos

ONYX announces second Amari property in Vientiane Laos 20 November 2018 ONYX Hospitality Group, one of the region’s leading hotel management companies, on Tuesday announced a management agreement with Laos-based Asia Investment, Development & Construction Sole (AIDC) to develop a new-build Amari hotel in the centre of Vientiane. AIDC is an investment and construction joint venture led by Tang Charoen Group, developer of the Amari Vang Vieng, which opened early this year. The Amari Vientiane will occupy a central Mekong riverside location at the intersection of Quai Fa… Read more »