Companies

SCN-CHO joint venture likely to clinch Bangkok Mass Transit Authority’s NGV bus project

The SCN-CHO joint venture, is mostly likely to be awarded with the contract to supply 489 NGV buses to the city bus operator at a cost of 4,020 million baht

Published

3 years ago

December 9, 2017

Headline Editor

The only bidder for the Bangkok Mass Transit Authority’s NGV bus project, the SCN-CHO joint venture, is mostly likely to be awarded with the contract to supply 489 NGV buses to the city bus operator at a cost of 4,020 million baht

BMTA president Nuttachat Charuchinda said Thursday (Dec 7) that negotiation between BMTA and the bidder would be accelerated so that the bid could be concluded and ready for the board’s approval on Dec 20 and a contract could be signed by year-end.

Once the contract was signed this month, he was confident that the bus fleet would be delivered within 150 days in time for the opening of a new school semester in June, said Mr Nutthachat, adding that a clause in the bidding term requiring the successful bidder to deliver the first lot of buses earlier has been deleted.

Karin Chayavisut, project manager of Cho Thavee Public Company Limited, a partner in the SCN-CHO Cooperation, said that the company decided to join the auction because it has trust in the BMTA even though the median price of the bus fleet was tough.

But with a partner which has a strong backing on natural gas, he said that the risk involved would be acceptable.

The buses, BLK brand, will come from Jiangxi KAMA business bus company in China.

Cho Thavee Public Company Limited (CHO) on Dec 7 informed the Stock Exchange of Thailand (SET) that the company has formed a consortium with Scan Inter Public Company Limited in the name of “SCN-CHO Cooperation” with responsibility at a ratio of 50% each to co-propose the quotation for the trade and maintenance of 489 NGV air-conditioned vehicles for the BMTA with a total medium price of 4,020,158,000 baht.

Source link

Business

Thailand Approves Latest Economic Relief Package for Businesses

Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.

Published

2 weeks ago

April 7, 2021

ASEAN Briefing

On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.

(more…)

Business

Asia-Pacific sees 3.9% growth in deal activity in February 2021

Published

3 weeks ago

March 31, 2021

Boris Sullivan

Chair’s Statement on the Informal ASEAN Ministerial Meeting (IAMM)

The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.

(more…)

Banking

Thai cabinet approves 350 billion baht Aid for COVID-hit Businesses

Thailand unveiled new measures to help small and medium COVID-hit businesses in the tourism industry hit by a liquidity crunch.

Published

4 weeks ago

March 24, 2021

Olivier Languepin

The Thai cabinet has approved assistance worth 350 billion baht($11 Billion) to help businesses affected by COVID-19 with soft loans and asset warehousing.

(more…)