Showing 1 - 10 of 270
Avaada Energy Wins 1050 MWp Solar Project in NTPC Auction
Published on 01/06/2024
» Avaada Energy, a prominent entity in the renewable energy industry and a subsidiary of the Avaada Group, proudly announces a significant achievement. The company has secured the largest single bid for a 1050 MWp solar project in a recent tender by the Renewable Energy Implementing Agency (REIA) and National Thermal Power Corporation (NTPC). This milestone highlights Avaada's expertise and dedication to advancing India's renewable energy goals.
GSB and BAM Form 1 Billion Baht Debt Relief Venture
Published on 31/05/2024
» Government Savings Bank (GSB) has partnered with Bangkok Commercial Asset Management (BAM) to establish a joint venture, ARI Asset Management Co., Ltd. (ARI-AMC), with a capital investment of 1 billion baht. ARI-AMC will purchase and transfer non-performing loans (NPLs) from GSB over the course of three quarters in the fiscal year 2024, providing assistance to over 500,000 accounts of small and medium-sized enterprise (SME) debtors and credit card debtors.
Altitude, Creed, and Scientex Launch Premium Townhomes
Published on 17/05/2024
» Altitude Development Company Limited, a leading real estate developer in Thailand operating under the “ALTITUDE” brand, has forged strategic alliances to expand its business footprint by collaborating with renowned real estate investment partners from Japan and Malaysia, Creed Group and Scientex. Together, they have initiated the development of the ALTITUDE Kraf Vibe Bangna project. Positioned as a premium townhome-style venture boasting a minimalist design, the project strategically occupies a promising location in Bangna. Geared towards meeting the preferences of the new-generation workforce, the project offers units starting at THB 2.99 million.
FPT Reports Strong H1 Performance with THB 6.5 Billion Revenue
Published on 09/05/2024
» Frasers Property (Thailand) Public Company Limited, or “FPT,” Thailand's first integrated real estate leader, disclosed its first half of FY2024 performance (October 2023 – March 2024), reporting total revenue of THB 6,591 million and net profit of THB 487 million. For 2QFY2024 performance (January – March 2024), the company generated total revenue of THB 3,524 million and net profit of THB 165 million. Despite macroeconomic challenges, the residential business continues to progress as planned, with four new projects set to launch in the second half of the year, alongside an adjustment in strategic plans. The industrial and commercial portfolio showed continuous revenue growth with occupancy rates reaching 86% and 92%, respectively.
Bangkok Cable, INNOPOWER Forge Green Energy Pact
Published on 07/05/2024
» In a landmark move that promises to revolutionise Thailand’s power distribution network, Bangkok Cable Co., Ltd. (BCC), Thailand’s leading manufacturer of electric wires and cables, and INNOPOWER Co., Ltd., innovator in the energy sector, have announced a groundbreaking partnership. This collaboration is set to introduce cutting-edge technology into the country’s electrical grid, aiming to reduce costs and increase the efficiency of electric power distribution by up to 40%, enhance operational efficiency, and reduce safety risks for employees. The agreement, formalised through a Memorandum of Understanding (MOU), will see the two companies join forces to research and develop innovative solutions tailored to Thailand’s growing energy needs. The initiative comes at a crucial time as the nation experiences a continuous surge in electricity demand.
Bangkok, Kunming Councils Sign MOU for Enhanced Cooperation
Published on 02/05/2024
» Mr Wirat Meenchainunt, Chairman of the Bangkok Metropolitan Council, Mrs Chayada Vipattipumiprates The First Vice-Chairman of the Bangkok Metropolitan Council, along with members of the Bangkok Council and relevant government officials paid a courtesy call on the Chairman of the Kunming City People's Council and attended the signing ceremony of the revised Memorandum of Understanding on Strengthening Cooperation and Friendly Relations (MOU) together with Mr Yang Zhengxiao, Chairman of the Kunming City People's Council. Moreover, the Kunming People's Congress delegation attended to witness the signing ceremony.
UOB Funds Preeda's Billion-Baht Mixed-Use Project
Published on 24/04/2024
» UOB Thailand has recently signed a loan agreement with Preeda Real Estate Company Limited, providing more than one billion baht in credit to finance the development of its mixed-use condominium project, SOLACE Phahol Pradipat.
PLUS Exploration Launches Thailand's First Metal Plant
Published on 23/04/2024
» PLUS Exploration Co., Ltd., a leading company providing integrated technical service in oil & gas, petrochemicals, and power plants, has been operating in Thailand for over 15 years. The company is primarily engaged in distributing catalyst chemicals and process equipment used in oil refineries and petrochemical plants. The company is led by Mr. Sittichai Talapnak as Chief Executive Officer, Ms. Nadkrita Kulsirithanakorn as Executive Vice President of Communications, Mr. Ekapong Ekalap as Vice President of Project Management, and Ms. Sasiwimol Prasatthong as Vice President of Recycling & Waste Treatment. They recently participated in a signing ceremony for a joint venture capital agreement with Mr. Shen Xian Hua, General Manager of Hualong Limited, Mr. Su Yang, Director of Symo Development Limited, and Mr. Shen Hanyu, Director of H.Y. Resources Technology (HK) Limited, on 9 April 2024. The purpose of the agreement is to establish Thailand's first base metal production plant from spent catalysts.
ASEAN, Thailand Win in Global Trade Shifts
Published on 11/04/2024
» Southeast Asia stands to benefit from slowing trade between China and the West and geopolitical tensions are favourable for Asean which is emerging as an important alternative to China in trade and investment.
PWA and DDPM Renew Pact to Combat Drought
Published on 28/03/2024
» The Provincial Waterworks Authority (PWA), led by Chakapong Kamchan, Deputy Governor (Operation 2) and Acting Governor, along with the Department of Disaster Prevention and Mitigation (DDPM), Ministry of Interior, Thailand, led by Chaiwat Chuntirapong, Director-General of the DDPM, have jointly signed a Memorandum of Understanding (MOU) for the third consecutive year. This agreement aims to address drought-related issues and ensure the provision of raw water for public water supply services. The signing ceremony occurred on 27 March 2024, at the PWA headquarters in Laksi District, Bangkok. Chakapong Kamchan highlighted PWA's dedication to providing clean and safe tap water that meets public consumption standards and its preparedness to effectively manage drought crises. The PWA actively monitors water situations and anticipates shortages, particularly at Branch 234.