‘My Personal History’ by Dhanin
Play
The Nation will serialise the autobiography of Dhanin Chearavanont, chairman and CEO of Charoen Pokphand Group, over 30 weekdays beginning next Monday, October 3. Readers will gain an insight into the history, development, challenges and success stories o
Canada approves C$36 bn LNG project, eyes Asia
Canada has approved a project worth 36 billion Canadian dollars (Bt942 billion) by Petronas to build a LNG (liquefied natural gas) pipeline along its northwest coast, a massive project targeting Asian markets.
The LNG project is the first deal by Canada’s year-old Liberal government that goes against environmentalists and favours the country’s economic interests. Environmental activists and indigenous groups have opposed the plans.
“The government approved the Pacific Northwest LNG project,” said Environment Minister Catherine McKenna.
“As the prime minister has emphasised, the only way to get resources to market in the 21st century is if it is done sustainably and responsibly. Today’s announcement reflects this commitment,” she said.
Canadian Prime Minister Justin Trudeau has repeatedly said that the economy and environment should be pursued in parallel, without sacrificing one for the other.
The project includes a pipeline and two Petronas terminals to ship gas to Asia. – AFP
Korean investors wooed
A seminar on Thai-Korean investment hosted by the Board of Investment yesterday in Chon Buri urged South Korean interests to invest more in the electronics, digital and robotics industries in this country.
South Korean investors have applied for BOI tax incentives for 149 projects worth Bt28.74 billion during the past four years, mostly in the electronics, software and service sectors.
Highway contracts signed
The Department of Highways yesterday signed contracts with more than 10 private companies for the construction of 17 sections of the Bang Pa-In-Saraburi-Nakhon Ratchasima route (Highway 6), worth a total of Bt23.09 billion, and seven sections of the Bang Yai-Kanchanaburi route (Highway 81) worth Bt9.8 billion.
The Transport Ministry plans to expedite disbursement of the investment budget in the 2017 fiscal year.
For the Highway 6 project, listed construction company Italian-Thai Development won two sections worth Bt2 billion while Nawarat Pattanakarn won three sections worth about Bt2.6 billion.
Christiani and Nielsen (Thai), also a listed company, is among seven contractors winning a section of Highway 81.
Most of the others are small-to-medium-sized and local contractors.
The Highway 6 project has been divided into 40 sections totalling 196 kilometres in length, while the Highway 81 project was divided into 25 sections totalling 96km.
Goldman Sachs invests in Red Planet
Goldman Sachs is investing US$70 million (Bt2.42 billion) in Red Planet Hotels, a pan-Asian budget hotel chain, which will help the company fund its planned expansion to 10 hotels in the next 24 months.
Since 2011, Red Planet Hotels has raised capital of $240 million, the company said, adding that it plans to its raise one final round of capital before going public.
Founded in 2010, Red Planet Hotels owns and operates 26 properties in Thailand, Japan, the Philippines and Indonesia. – Reuters
