Artikel tagged “business”
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Transport Ministry and State Railways told to pay HK company 11.9 billion baht
The long running issue of Bangkok’s ‘stonehenge’ has been resolved after the Supreme Administrative Court handed down its findings today over the disputed contract of the 60 kilometre link from central Bangkok to Don Mueang Airport. The Thai Ministry of Transport and the State Railway of Thailand have been dealt a costly blow after the Supreme Administrative Court today overturned the Administrative Court’s verdict and ordered the two state agencies pay almost 11.9 billion baht in compensation to the Hong Kong-based Hopewell Holdings Company for the termination of the Hopewell project – a 60 kilometre elevated highway and rail line from central Bangkok to Don Meuang international airport back in the 90s. Thai PBS reports that the compensation, plus another 500 million baht in bank guarantees put up by Hopewell Holdings Company, must be paid within 180 days of the verdict from the Supreme Administrative Court.
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Phuket hotel watch – 3 months down, 9 to go in 2019
by Bill Barnett of C9Hotelworks.com At the beginning of the year Phuket’s tourism and hotel sector was cautiously optimistic after a strong first half of 2018 and humbling second half. Key terms that kept popping up were Mainland Chinese, Thai Baht Appreciation, Elections and Supply Concerns
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Massive 11 hotel project, surf club and waterpark for Kata, Phuket
by Bill Barnett, C9Hotelworks.com Thai developer K.W. Plaza group has unveiled plans for a large-scale mixed-use project called The Beach Plaza on 15 rai, that will have 11 three and four star hotels with a total of 1.490 rooms.
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Facebook: The engagement is over
Facebook, and why your posts aren’t being seen much anymore… If you’re posting on Facebook these days you’re likely getting a much lower response than in the past. There were the golden days of Facebook, say 4-8 years ago, when the followers just kept stacking up and the engagement was high.
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Top Five things to consider if you’re buying a condo in Thailand
Not quite a Top Ten but some good straight-talking about buying condominiums in Thailand from Desmond Hughes from Hughes Krupica … One of the most commonly read or spoken summary of foreign ownership of property in Thailand is along the lines of “Foreigners can buy a foreign freehold condominium in their name”. At this sentence, many foreign investors switch off, and assume that the rest of the detail provided by the author may be legal mumbo jumbo or a thinly veiled attempt to win their business.
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Doubt over ‘majority support’ in survey about drilling near Si Thep historical park
Locals are up in arms about results from a public hearing into oil drilling project near the Si Thep historical park in Phetchabun province (just north of Bangkok). They are expressing doubt and concern over results of a public hearing that appear to show support for the project. Thai PBS reports that Mr.
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Strong baht a concern for Thai hotel sector
by Bill Barnett Thailand’s baht performance against Asian currencies in 2018, was unmatched, with the exception of the Japanese yen. Commenting on the trend financial news Bloomberg have highlighted that in 2019, a further 4% in growth this year have it sitting at the top of the table.
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Anti graft body raises concerns about contract bidding at Suvarnabhumi
“The private anti-graft watchdog called on Thai media and the public to keep a close watch on the conduct of the company calling for bids.” The Anti-Corruption Organisation of Thailand is expressing concerns over alleged lack of transparency in two major contracts under review at Suvarnabhumi Airport. In a statement issued yesterday, the private anti-graft watchdog called on Thai media and the public to keep a close watch on the conduct of the company calling for bids on the two projects, namely Airports of Thailand Company (AoT)
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Airbus scales back in the UK and invests more in Thailand’s new aviation maintenance hub
by Supalak Ganjanakhundee Uncertainty over Thailand’s political situation is apparently less of a concern for Airbus than the political uncertainties in the UK with Brexit looming. Whilst Airbus is pulling out some of its manufacturing in Britain, the European consortium is now looking to Thailand for new maintenance and repair facilities to help service the rapidly growing ASEAN aviation sector. European aircraft manufacturer Airbus, which first set up shop in Thailand more than 40 years ago, said the MRO (maintenance, repair and overhaul) sector offered enormous potential for the country’s aerospace business in the coming years.
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Pattaya faces a condo oversupply
Last year, Pattaya saw 10,239 condominium units launched with a combined worth of 55 billion bHT (USD1.7 billion), a huge jump from JUST 2,192 units in 2017. Phattarachai Taweewong, the Senior Manager of Collier’s research department, told Bangkok Post that a large portion of the homes remain unsold due to the massive supply last year, The research department’s research showed that new condo developments in the city should not exceed 5,000 units as more than 12,000 units remain unsold
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- Blackwater at Phuket’s Nai Harn beach due to ‘natural causes’‘Blackwater’ has returned at one of Phuket’s favourite beaches, this time in the lagoon behind Nai Harn beach, which flushes out naturally when the tide conditions are right. For now, it is dammed up by the sand and has developed into an ugly cesspool for passersby to see. Responding to complaints from local residents, Rawai […]
- Another baby Dugong found on a Krabi beachPHOTO: Thai Rath Another lost baby dugong has been rescued after being found injured in Krabi. The baby dugong was found washed up on the shores in Klongthom District, Krabi yesterday (June 1) and was rescued by the officials from the Phuket Marine Biological Centre (PMBC). Thai Rath reports that the baby dugong had a […]
- Cha-Am blackwater flowing into the beach is “natural in origin” – District ChiefPHOTOS: Daily News The Cha-Am district chief and a posse of officials have inspected a patch of ‘black water’ flowing into the Gulf of Thailand after social media posts showed “sewage” flowing into the sea at a beach north of Hua Hin. Not surprisingly, and without evidence, Khajornsak Somboon admitted the offensive outflow was “smelly” but […]