Business
Mitsubishi Hitachi Power lands Thai power plant order
Mitsubishi Hitachi Power Systems said Friday that it has received an order to supply turbines and other equipment for a natural gas power plant project in Thailand.
Under the project, undertaken by a joint venture of trading company Mitsui & Co. and a Thai power producer, two gas turbine combined cycle power plants will be constructed near Bangkok.
The plants have a combined capacity of 5,300 megawatts, marking the largest-ever order for Mitsubishi Hitachi Power in terms of output capacity. The project is estimated to cost well over 100 billion yen ($918
Mitsubishi Hitachi Power was created in 2014 through the merger of the thermal power generation divisions of Mitsubishi Heavy Industries and Hitachi.
Combined-cycle facilities generate electricity via gas turbines, then use exhaust heat to create steam for turning a turbine that generates more electricity. In a new twist on the technology that improves efficiency, Mitsubishi Hitachi Power’s facilities will employ air-cooled combustion chambers.
The order includes eight gas turbines with a capacity to produce about 700MW, and eight steam turbines. The facilities will boast a power generation efficiency of 63%, among the highest in the world. Mitsubishi Hitachi Power credits the strong environmental performance as a main factor in securing the deal.
Business
Thailand’s FDI applications up 69% in the first nine months of 2019
The total value of FDI applications received by the BOI in the nine months to September increased 69% from the year earlier period, to a total value of 203.37 billion baht, according to the latest data from the BOI
Thailand continued to attract rising foreign direct investment (FDI) in the first nine months of 2019, with increased number of investment project applications according to public agency Thailand Board of Investment (BOI).
(more…)Business
Thai Labour minister calls meeting after U.S. GSP cut
The Minister of Labour has called an urgent meeting to address the labour concerns cited by the U.S. as a factor in the decision to revoke trade preferences.
BANGKOK (NNT) – The decision by the U.S. to suspend Generalized System of Preferences (GSP) treatment to Thailand, requiring all Thai exports to the U.S. to be subject to duties, has raised confusion among many sectors in Thailand.
(more…)Business
Thailand edges up 6 spots in World Bank’s Ease of Doing Business 2020
While many economies in the East Asia and the Pacific region make doing business relatively easy, the pace of reforms has slowed from previous years.
Thailand’s ranking in the World Bank’s Ease of Doing Business 2020 list has edged up 6 places, from 27th to 21st this year from 190 countries surveyed
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Thailand among top five countries for salary hikes
Thailand is among the top five economies in the world to see real salary increases and is likely to see...
Thailand Ecommerce Market: Shooting For Success
At present, the Thai ecommerce market is valued at USD 3.5 billion. According to a Google Temasek study, Thailand’s e-commerce...
Aspire Set to Become First SME Neobank in Southeast Asia with US$32.5 Million Raise
The recent financing has been led by Mass-Mutual Ventures Southeast Asia with participation from Silicon Valley’s Arc Labs and existing...
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