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ITD-CREC raises suspicion after winning SAO project without bidding
ITD-CREC raises suspicion after winning SAO project without bidding
FRIDAY, APRIL 04, 2025
The Anti-Corruption Organization of Thailand (ACT) exposes irregularities in the SAO building construction project, which collapsed due to an earthquake. It found that ITD-CREC, the winning bidder, was not listed among those submitting bidding documents or undergoing qualification and technical evaluations.ITD-CREC No.10 issues second statement on SAO building collapse
ITD-CREC No.10 issues second statement on SAO building collapse
WEDNESDAY, APRIL 02, 2025
The ITD-CREC No.10 Joint Venture has released a second statement reaffirming that all materials used in the construction of the State Audit Office (SAO) building adhered to the project’s Terms of Reference (TOR) and were approved by the acceptance committee.Govt’s proposed mega projects positive news for construction sector
Govt’s proposed mega projects positive news for construction sector
MONDAY, SEPTEMBER 09, 2024
Stockbrokers say construction stocks will soar if the government’s three mega projects become a realityChinese mining giant in deal to acquire 49% stake in potash mines
Chinese mining giant in deal to acquire 49% stake in potash mines
TUESDAY, MAY 21, 2024
Reports indicate that SDIC Mining Investment and Italian-Thai Development are close to striking US$400 million dealTransport minister vows to pay cost difference to struggling contractors soon
Transport minister vows to pay cost difference to struggling contractors soon
MONDAY, APRIL 01, 2024
Transport Minister Suriya Juangroongruangkit has said that he will dip into the government’s central emergency fund to cover the extra bills contractors are having to deal with due to rising costs.ITD reports billion baht loss but is confident it can make a comeback
ITD reports billion baht loss but is confident it can make a comeback
FRIDAY, MARCH 29, 2024
Italian-Thai Development (ITD), Thailand’s largest construction company, submitted its 2023 financial statement to the Stock Exchange of Thailand (SET) this week, reporting that it suffered a loss of 1.07 billion baht in the past year.Thai construction giant ITD begins clearing overdue wages amid liquidity woes
Thai construction giant ITD begins clearing overdue wages amid liquidity woes
MONDAY, MARCH 25, 2024
Italian-Thai Development (ITD), Thailand’s largest construction company, has begun paying overdue wages to 30% of its workers after receiving support from banks to resolve its liquidity crunch, Labour Minister Phiphat Ratchakitprakarn said on Monday.ITD tells SET it is begging for bank bailout, hopes to be financially secure soon
ITD tells SET it is begging for bank bailout, hopes to be financially secure soon
WEDNESDAY, MARCH 13, 2024
Italian-Thai Development Plc (ITD) has assured the Stock Exchange of Thailand that it will soon be able to solve its liquidity problems and pay salaries within a few months.Construction giant in negotiations to meet its wage bills
Construction giant in negotiations to meet its wage bills
TUESDAY, MARCH 12, 2024
The Ministry of Labor is conducting inspections at construction sites to swiftly address the challenges faced by Italian-Thai Development (ITD) workers.Italian-Thai Development to sell 90% stake in Asia Pacific Potash Corp
Italian-Thai Development to sell 90% stake in Asia Pacific Potash Corp
FRIDAY, FEBRUARY 23, 2024
Bangkok-based construction firm Italian-Thai Development (ITD) is looking to sell 90% of its stake worth US$500 million or 17.9 billion baht in Asia Pacific Potash Corporation (APPC), which has mining rights in Thailand.Loading...
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