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BTS should record first profit in 2009

Taksin extension will add 50,000 riders

Opening the 2.2-kilometre extension over the Taksin Bridge will increase the number of commuters using the Skytrain by at least 50,000 a day this year after two years of stagnation, according to Bangkok Mass Transit System Co (BTS).

Accor adding 11 more properties in Thailand

Accor, a European hotel management chain, is adding 11 properties in Thailand under its Novotel, Mercure, All Seasons, and Ibis brands. Four of the properties with total investment of 2.5 billion baht are owned by the local hotelier Fico Corporation Co. They include the 52-room, eight-villa Mercure Samui Fenix, which will open in the third quarter of this year; the 380-room Novotel Bangkok Fenix Ploenchit and the 225-room Novotel Bangkok Fenix Silom to open next year; and the 166-room Hotel Muse to open in 2011.

DEVELOPERS MUST BRACE FOR CLOSING OF LOOPHOLE IN EIA REGULATIONS

Meeting the standards imposed by environmental regulations can drain financial resources, time, and increase opportunity costs. Therefore, real estate developers had discovered ways to avoid the burden from a lengthy procedure without violating the law.

Upturn in high-end homes

The confidence of high-end consumers in the homebuilding market has started to recover since the beginning of the year, thanks to a healthier political situation, say building firm executives.