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Ashton Asoke condo developer knew risk of using MRTA land for access

13 Sept 06:38 Key points summarised by AI

Ananda Development, the Ashton Asoke condo developer, was fully aware of the risks associated with using Mass Rapid Transit Authority of Thailand (MRTA) land for access, having been warned by the BMA in 2015-2017.
The Supreme Administrative Court recently ruled that the land used for the condominium's road access legally belongs to MRTA, confirming the long-standing issue.
Bangkok Governor Chadchart Sittipunt has instructed the developer to report on progress in solving the road access problem within 30 days, assuring condo buyers that demolition is not planned.
The developer's attempts to acquire alternative land for access from nearby landowners have been unsuccessful, partly due to landowners' lack of interest in selling and past negative experiences during construction.

Today 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).