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The 5 Mekong countries, Cambodia, Laos, Myanmar, Vietnam and Thailand have passed a 5 year partnership master plan at the 2018 Bangkok ACMECS Summit, to improve infrastructure and network connectivity between the countries to become one integrated region. Under the partnership, the countries will be able to integrate with larger regional and global economic corridors. A co-managed fund was proposed at the summit by Thailand, asking to be launched early next year, to minimize the region’s reliance on China and other leading Asia economies.

Thailand, Cambodia, Laos, Myanmar and Vietnam participated in the ACMECS conference in mid-June to emplace the 2019 to 2023 partnership plan. This will be the first collaborative project by the 5 countries together.

The 5-year development plan will link the Mekong countries with the Eastern Economic Corridor (EEC) connected by 6 roads beginning in Vietnam’s Da Nang, through Laos and Thailand before finally reaching Myanmar’s Mawlamyine. The other, the Southern Economic Corridor (SEC), made up of 4 major roads, will begin in Vietnam’s Vung Tau through Cambodia, Thailand and reach Myanmar’s Tavoy.

The two economic corridors will link container ports along the South China Sea to the Andaman Seas and will provide a new route for container ships besides the current V-shaped route available.

The countries will further settle agreements for trades and taxes policies in order to synchronize the trades industry across borders. Another major target of the EEC is to shorten the time for transporting goods from the current 5 days, down to 30 hours.

Thailand proposed to establish a co-managed sub-regional developmental fund to operate early next year, to increase self-sufficiency and launch synchronized projects to minimize the region’s dependence on China and other Asian economies, including Japan and Korea.

Thai Prime Minister General Prayut Chan-o-cha says, the ministers of other countries have come to the same agreement and have agreed to set out the details of the master plan and the co-managed fund during the second half this year. As the fund is set up, they wish to invite Asia Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) and international corporates to provide consultation and guidance.

Prayut adds that the developmental plan will increase the connectivity of the 5 countries and regions across Southeast Asia and is key to improve the economic development in the region. “It will help promote trades and logistics services, the movement of investments and place our economy into the global chain.”

Source: Hong Kong Economic Times

The expansion of the passenger terminal at Trang International Airport to cope with rising numbers of travelers will be completed mid-2019.

Darun Saengchai said Bt116 million had been allocated to add another 3,000 square metres to the 6,000sqm facility, which has proved inadequate in high tourist season.

The expansion would enable the terminal to accommodate 600 passengers per hour, double the current capacity, he said.

Trang airport sees 700,000 travelers per year.

Darun said the runway would also be extended from 2,100 metres to 3,000m pending the favorable result of an environmental impact study for which Bt3 million has been budgeted.

The department will seek a further Bt171 million to improve fencing, install a luggage conveyor and purchase scanners for weapons and bombs.

He’s also applied for Bt1.2 billion from the fiscal 2019 budget for construction of a second passenger terminal which, if approved, would begin next year and be completed in 2021, ready to handle 3.7 million travellers a year.

source: THE NATION

The World Cup Event was the hottest event in the past few weeks and Golden Emperor joined the football fever! We hosted a watch party on the day of the final game on July 15th with our prestigious clients at a popular bar in the city. It was a lively night with free-flow beers and snacks, along with a big screen TV to watch the game!

Thailand is ranked 34th on property consultancy JLL’s Global Real Estate Transparency Index in 2018, an improvement from 38th position in 2016.

Thailand is ranked the third-most transparent real estate market in the subregion, followed by Indonesia, the Philippines, Vietnam and Myanmar, ranked globally 42nd, 48th, 61st and 73rd, respectively.

The 2018 index covered 100 countries and 158 city markets, and the number of individual factors covered has increased by 36% to 186 factors. Improvements in Thailand

Improvements in Thailand “Transparency across Thailand’s real estate markets has continuously improved over the last decade thanks largely to increased availability of and access to market data,” said Suphin Mechuchep, managing director of JLL.

“While the growth of listed companies and real estate investment vehicles has contributed a lot to improving financial disclosures and greater regulatory enforcement, the planned introduction of a new property tax system and steps to digitise the land registry will underpin the country’s improvement in real estate transparency further.

Asia-Pacific’s mature economies such as Singapore, Hong Kong and Japan, have a significant opportunity to advance real estate transparency through proptech adoption. These leading investment destinations are on the cusp of the ranking’s highly transparent tier, and are poised to join the top group, which includes countries such as Australia, New Zealand, the US, and the UK.

Improvements in transparency in some Asian countries have been accompanied by record-breaking commercial real estate investment volumes. In 2017, real estate transactions in the Asia-Pacific region reached a record UScopy49 billion (4.94 trillion baht).

Source: Bangkok Post

Golden Emperor Properties’s long term partner, Thailand’s prolific developer, Sansiri, actively hosts vibrant events besides leading Thailand’s booming quality residential development scene. Last Thursday, Sansiri hosted ‘The Dining Society’ event in Hong Kong, a special evening of an exclusive Chef’s Table dinner with wine pairing. Golden Emperor and prestigious clients were invited to the evening to enjoy an exquisite tailored experience at House of Madison’s private kitchen to taste a contemporary Thai-inspired menu crafted by acclaimed chef, Stanley Wong, who has had years of experiences as an executive chef at Jean-Georges Vongerichten and Spice Market in New York. Everyone enjoyed a night of contemporary Thai cuisine and wine tasting, along with a relaxed and cheerful evening of laughter and chatter.

Photo Above: Sansiri hosts ‘The Dining Society’ and invited Golden Emperor and prestigious clients to attend a night of fine cuisine and wine.

Photo Above: Mr. Kingston Lai (far left), Founder of Golden Emperor Properties and Founder & CEO of Asia Bankers Club and Mr. Ivan Yam (far right), Director of Golden Emperor Properties with guests during the evening.

Photo Above: Chef Stanley Wong crafted a series of dishes for guests for the exclusive Chef’s Table experience for the night.

Photo Above: Everyone enjoyed the exquisite dining experience, wine and an evening of chatter.