Industries
Construction
Riverside dwellers to get new homes
Families living in huts on the bank of the Ayeyarwady River will soon be able to rent affordable housing from the city, officials say. Twenty-two six-storey housing blocks containing 1584 apartments have been built in nearby Nyaung Kwe ward in Aung Myay Thar San township. The ...
Bangkok office space faces strong demand in 2016
Grade-A office space in Bangkok’s central business district (CBD) will fetch a higher occupancy rate next year, say property consultants. In addition, monthly rents will increase to more than 1,000 baht a square metre due to solid demand and limited new supply. Surachet Kongcheep, associate director of research at ...
Bagan hotels in limbo as government blocks licences
More than 40 hotels in one of the country’s prime tourist attractions cannot accept a single guest – because the authorities refuse to grant them licences. The “limbo hotels”, some of which are still under construction, are located in the protection zone declared by the Ministry of ...
Souvanny to be fifth company listed on Lao Securities Exchange
The leading construction material supplier “Souvanny Home Center Public Company” is ready to be listed on the Lao Securities Exchange after receiving better than expected responses from share buyers. Souvanny sold all 25 million shares at the par value of 3,100 kip per share on 30 ...
Vietnam's state enterprise sector is not making money despite huge debt pileup
A recent government report has again shed light on the vulnerable situation of Vietnam’s state-owned enterprises, whose revenues rise slowly but debts pile up quickly. The combined revenues of 781 businesses owned wholly or partly by the government grew only 1 percent last year to VND1,709 ...
Construction feud embroils local government in Ratanakkiri
The governor of Ratanakkiri’s Banlung town was sued on 18 November by a local resident and army veteran for allegedly seizing construction materials and violating private property rights without a court warrant. Kory Prel, 46, who served in the army and provincial police for more than 30 ...
Hun Sen warns builders to obey construction laws
Prime Minister Hun Sen on 8 November took to Facebook to warn companies against “colluding with bad officials” to illegally construct buildings on public parks and sidewalks, ordering those that have already done so to dismantle them immediately. Keep reading ...
Global warming to decrease productivity in Thailand - report
Rising temperatures and humidity due to climate change are likely to increase the number of days with unsafe “heat stress,” putting Thailand at risk of a significant drop in productivity, a research firm said on 28 October. Thailand – with three of the 50 highest-risk cities ...
Low-cost housing project in Yangon struggles to secure water supply
Supplying water to the estimated 100,000 residents of a new housing development in Yangon could put supplies to the rest of the city at risk, the Myanmar government has warned. Next year, the first 6000 of the 19,600 apartments now being built in the Ayeyarwun and Yadanar ...
Ramp plan for public areas gets push from Cambodian government
In efforts to improve conditions for its disabled citizens, the government on 26 October announced that it plans to order the installation of ramps and access signs at all public places. Speaking at the launch of the government’s disability policy in Phnom Penh, Em Chan Makara, secretariat ...