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Raimon Land announces new Pattaya acquisition
Condominium developer takes its urban lifestyle brand
‘The Lofts’ to Pattaya with new project, The Lofts Southshore
Raimon Land’s new project in
Pattaya, The Lofts Southshore, will provide stunning panoramic views over
Pattaya Bay.
Residential condominium developer Raimon Land recently
announced that it has acquired a 6-rai site in Pattaya to develop a
contemporary condominium project under ‘The Lofts’ brand. The new
development will be called The Lofts Southshore.
Already well established in Bangkok thanks to the The Lofts Sathorn and The
Lofts Yennakart projects, The Lofts concept will now be available to Pattaya
residents in search of modern urban design and functionality at an
affordable price.
The Lofts Southshore will combine traditional notions of resort living with
a modern urban lifestyle, offering a variety of views towards the sea, city
and waterland within easy access to all that central Pattaya has to offer.
Raimon Land CEO Mr. Nigel Cornick commented: “Our experience at Northshore
and Northpoint combined with extensive research of the Pattaya market
indicates strong demand for centrally located quality units with views - but
limited supply.”
PTT sees Thailand as hub for natural gas development
Thailand’s state-owned oil and gas conglomerate PTT Plc is
determined to see Thailand become a center for natural gas development and to
increase the value of this aspect of its energy portfolio by up to 30 times by
2020.
Anon Sirisaengthaksin, Vice President of PTT’s Corporate Strategy and
Development, said the company currently plans to improve the security and
efficiency of Thailand’s energy sector by directing their focus onto natural
gas.
In the past three decades, he said, PPT had succeeded in using natural gas in
place of oil to produce 70 per cent of Thailand’s electricity. At present,
Thailand is able to produce a natural gas supply equivalent to 500,000 barrels
of oil per day, or one-third of all the energy consumed in the country.
PTT can use natural gas to produce petrochemicals, creating value-added economic
expansion by Bt200 billion annually. The company also aspires to develop the Map
Ta Phut Industrial Estate into one of the world’s eight great petrochemical
centers.
He said PTT is aiming to locate energy reserve sources both locally and overseas
in preparation for the nation’s economic expansion and to reduce dependence on
energy imports.
The company aims to become one of Asia’s top three energy firms and also to earn
a position as one of the top one hundred energy firms in the world, as ranked by
Fortune Magazine.
In addition, it hopes to increase profits up to fivefold by developing its
natural gas business and targeting member nations of ASEAN as its major export
market. (TNA)
Thailand boosts cigarette tax
to curb smoking, increase revenue
Cigarette prices have risen one to two baht per pack
following a one per cent increase in the excise tax under the Thai
government’s policy to curb smoking by up to 20 million packs a year.
Phillip Morris (Thailand) president Achoke Rammohan said the wholesale
prices of imported cigarettes have risen two baht per pack as from August 30
due to the 1 per cent excise tax increase. However, he said, it remains to
be seen how much the retail price of cigarettes will be affected.
Thailand Tobacco Monopoly spokeswoman Praphatsorn Phongphanphisal confirmed
the wholesale price increase and said that cigarette dealers would likely
observe trade ethics and not raise the retail prices disproportionately.
Excise Department chief Visut Srisuphan said the 1 per cent tax increase on
cigarettes was designed to raise an additional three billion baht tax
revenue per year, as well as to discourage smoking by 20 million packs
annually. The latest excise tax increase was not in response to a shortfall
in tax collections, the department chief said.
Legislation on cigarettes, which is yet to enter the National Legislative
Assembly, seeks to have the Excise Department gradually raise cigarette
taxes by up to 90 per cent, he added. (TNA)
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