- HEADLINES [click on headline to view story]:
-
Raimon Land receives funding from Lehman Brothers for two prime Pattaya plots
-
Poll: One in five Thais facing economic problems
-
IRPC drops bid to build Rayong power plant after protest
-
|
|
Raimon Land receives funding from Lehman Brothers for two prime Pattaya plots
Raimon Land CEO Mr. Nigel
Cornick (left) receives a Baht 350 million debenture from Mr. Blake Olafson,
Senior Vice President - Global Real Estate Group, Lehman Brothers (Thailand)
Limited.
Publicly listed condominium developer Raimon Land
recently announced the successful placement of a Baht 350 million debenture
fully subscribed by Lehman Brothers. This debenture is a market rate
facility provided by Lehman Brothers Commercial Corporation Asia Limited.
The placement was made through Raimon Land Development Co., Ltd. of which a
99% stake is owned by Raimon Land Plc. The proceeds will be used to fund the
acquisition and development of two prime Eastern Seaboard sites: A 5 Rai
site adjacent to the current Northpoint project on the renowned Wong-Amat
Beach and another 6 Rai plot in Central Pattaya which will be branded The
Lofts Southshore.
Poll: One in five Thais facing economic problems
Almost one-fifth of all Thais are facing economic hardship as
they do not have enough money for daily expenses, according to the latest survey
conducted by Assumption University’s ABAC Poll.
Conducted with 1,461 people aged over 18 in Bangkok and the surrounding areas
between August 25 and September 8, the survey found that slightly over half of
all Thai families and individuals - 50.4 per cent - had enough money to spend,
but could barely manage to save anything.
Meanwhile 31.4 per cent said they could save a little and 18.2 per cent said
they were living in debt, said ABAC Poll director Noppadol Kannikar.
Respondents said up to 88.8 per cent of politicians and well-known socialites
followed the sufficiency economy philosophy initiated by His Majesty the King,
but only 11.2 per cent of them said they adhered to the philosophy strictly.
Thailand is now facing economic sluggishness, according to 36.4 per cent of the
respondents, because people do not save money while 20.3 per cent blame rising
inflation and 17.7 per cent say it is a result of corruption in the country.
(TNA)
IRPC drops bid to build Rayong power plant after protest
The IRPC Plc. announced last week that it will not tender
a bid for the government’s Independent Power Producer (IPP) project to build
a coal-fired electrical power plant in Rayong province, in order to end the
conflict between the company and local residents who oppose the planned
development.
Gen. Banchorn Chavansil, an advisor to IRPC, told a press conference last
Thursday that the company regretted that the proposed project had caused
deep dissatisfaction among local residents.
He said he was worried about the situation, and after talks among all
concerned parties, it was agreed that in order to put a halt to the
controversy the company will definitely not tender a bid.
“We are sorry for causing concern among the local people,” Gen. Banchorn
said. “The company has decided not to join the bidding scheduled for October
19 after the planned project caused strong protest.”
Piti Yimprasert, president of IRPC visited the Rayong factory to clarify the
issue to company employees.
The IRPC decision came after three consecutive days of protest at the
factory gates in which the Sukhumvit highway was blocked by protesters who
also planned to submit a letter of protest to the Prime Minister and to send
a petition to His Majesty the King. (TNA)
|
|
|
|
News | Business | Features |
Columns | Mail Bag |
Sports | Auto Mania
Our Children | Travel |
Our Community | Dining Out & Entertainment
Social Scene | Classifieds |
Community Happenings | Books Music Movies
Clubs in Pattaya | Sports Round-Up
E-mail: [email protected]
Pattaya Mail Publishing Co.Ltd.
62/284-286 Thepprasit Road, (Between Soi 6 & 8) Moo 12, Pattaya City
T. Nongprue, A. Banglamung,
Chonburi 20150 Thailand
Tel.66-38 411 240-1, 413 240-1, Fax:66-38 427 596
Copyright © 2004 Pattaya Mail. All rights reserved.
This material may not be published, broadcast, rewritten, or redistributed.
|
|
|
|
