Briefs

The Treasury Department will call tenders for a condominium under the Pracha Rath project on 3 rai (4,800 square metres) of land near Wat Paitan and another one in the Pradipath area of Bangkok on 2 rai, each with 500 units. The units will be leased on an annual renewal contract basis to low-ranking state officials for Bt3,000 per month.
It will disclose the terms of reference this month and call for bids after that. Construction is expected this year with the condos opening for rent late next year. The department will seek bank loans to finance the projects, which are expected to cost between Bt200 million and Bt500 million each.

INDONESIA WOOS
CHINESE INVESTMENTS
The Indonesian government has set its sights on boosting Chinese investment in by setting up a special desk designated to handle investors from the Asian powerhouse, just as the world’s second-largest economy is expanding its footing overseas.
The Investment Coordinating Board announced that it would soon establish a China desk on par with special desks for Asian giants Japan and South Korea that have been set up previously.
The desk, which will employ Mandarin-speaking staff including two to three Chinese Embassy employees, is expected to address issues that have hindered potential Chinese investors, such as slow responses on land inquiries and language barriers. – The Jakarta Post