
Thai officials urge speedier investigation of quake-hit Bangkok tower's collapse
BANGKOK: A month after an unfinished 30-storey skyscraper toppled following a 7.7-magnitude earthquake in neighbouring Myanmar, investigations into the cause of the collapse are still ongoing.
The building, which was supposed to house the new headquarters of Thailand's State Audit Office (SAO) in the north of Bangkok, crumbled in seconds on March 28, burying 103 workers on site.
Thai officials have been working round the clock for the past month, using heavy machinery to dig into the mountain of rubble. At least 63 bodies have been found and the rest are unaccounted for, feared still buried under the debris.
The disaster zone has also become a crime scene as officials investigate why the high-rise was the only building in Bangkok to have collapsed.
Local authorities who have finished examining other buildings in the capital found that while there were damages such as cracks to several structures, the SAO tower remains the only one that could not withstand the earthquake.
Investigation efforts are focusing on the rubble for materials involved in constructing the collapsed structure, including tens of thousands of tons of concrete and steel rods.
QUALITY OF CONSTRUCTION MATERIALS
One firm under scrutiny is Xin Ke Yuan Steel, which manufactured the building's steel bars.
Initial tests by the Iron and Steel Institute of Thailand found that the company's steel samples failed to meet safety standards, said local media.
In addition, its factory in Rayong was ordered shut in December 2024 for safety violations related to a separate incident.
The steel bars from the collapsed site are currently undergoing further testing, said authorities.
The building's elevator shafts are another area of concern.
Government-appointed investigators believe the walls were constructed thinner than initially planned, according to local media.
Thai authorities suggested that may have weakened the structural integrity of the building, contributing to factors leading it to give way during the earthquake.
CONSTRUCTION FIRM HAD PRIOR ISSUES
The tower was a joint-venture between Italian-Thai Development – a long-standing Thai construction company – and China Railway No. 10, a subsidiary of Chinese state-owned China Railway, a group behind many large-scale infrastructure projects in China and abroad.
China Railway No. 10's organisational structure had three Thai nationals holding a majority of the company's shares while a Chinese executive held the remaining 49 per cent.
Thai laws require Thai nationals to hold a majority of shares for a company to avoid being classified as a foreign company.
Law enforcement officials have arrested the three Thai nationals and the Chinese man, who they named as Zhang Chuangling. He was charged on suspicions of using Thai nationals as shareholders in name only.
Zhang is currently out on bail, but not the other three, according to local media.
A Thai anti-corruption watchdog which had previously monitored the collapsed building project said it had observed several problems.
The group described various issues, including a constant lack of supervising engineers and multiple delays, as well as running behind schedule on its progress.
'In January 2025, we confirmed once again that if conditions remained the same, it would be impossible to rush for completion by August,' said Mana Nimitmongkol, chairman of the Anti-Corruption Organisation of Thailand.
'And if they managed to do it, it would have meant severely cutting corners in the construction process. It might not meet engineering standards.'
The anti-corruption watchdog had earlier flagged irregularities in the tower's construction to authorities after building works had already begun.
Mana added the SAO management considered terminating the construction contract and blacklist the contractors from future government work but decided to continue.
The government set up a fact-finding committee a week after the incident to investigate what caused the building to collapse.
They are expected to reveal their findings in about two months from the convening of the committee.
NEED FOR PUBLIC ACCOUNTABILITY
Thai legislator Surachet Pravinvongvuth, who is chairing a parliamentary committee on how state funds are used, said it is ironic that SAO - which examines government finances and accounts - is being evasive about being audited.
Surachet, who wants the government's fact-finding group to bring in clarity, said the public should demand concrete details about what they will deliver in these 90 days.
'Beyond this issue, there is also the matter of public responsibility. Because this agency is an independent organisation that is different from regular state agencies, we do not really see much connection with the public or readiness to explain things to society,' he said.
Thailand's Prime Minister Paetongtarn Shinawatra on April 18 criticised the slow progress of the investigation.
She also called out the SAO for not coming forward enough to assist in the probe.
'We ask for cooperation (from the relevant parties)... the SAO's documents including the committee's findings from January 2025 of possible contractual violations but non-cancellation of the project,' she said.
'We must find all evidence and cause to hold those responsible for the loss of lives.'

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Straits Times
15 minutes ago
- Straits Times
Chinese tourists ramp up European summer trips, as Americans cut back
Overall, Chinese tourists are being tighter with their budgets than most of their global counterparts. PHOTO: REUTERS Newly cost-sensitive Americans may be hitting the breaks on their big European vacations this summer, but another group is taking up the slack: Chinese travellers. According to a survey about long-haul trips the European Travel Commission (ETC) is publishing on June 10, which was previewed exclusively with Bloomberg, 72 per cent of Chinese respondents say they plan to travel to Europe this summer – up 10 per cent from 2024. The figures reflect the highest demand from Chinese travellers since the pandemic. That should elicit a sigh of relief for hoteliers, restaurateurs and other business owners across the continent who depend on big-spending foreign tourists. Before Chinese outbound tourism ground to a halt in 2020, it represented a particularly lucrative sector in Europe, with Chinese travellers coming in second to Americans in spending. Chinese tourists spent US$251 billion (S$323 billion) abroad in 2024, according to UN tourism, surpassing pre-2020 levels. That makes China the largest market in terms of overall tourism spending, even if until recently most of this revenue was spent on trips within Asia. But there's a significant catch in ETC's findings: Chinese tourists do not plan to spend like they used to. That is notable, given the group's previous propensity for luxury shopping. In fact, just 29 per cent of respondents say they plan to spend more than €200 ($290) per day, a 44 per cent drop compared to last summer, and a majority of Chinese travelers – 54 per cent – plan to limit their budgets between €100 to €200 a day. Even still, at least 53 per cent of Chinese respondents in ETC's report indicate shopping will play at least some role on their trips, and budgets are more generous among business travellers, 36 per cent of whom expect to spend more than €200 a day. Overall, Chinese tourists are being tighter with their budgets than most of their global counterparts. The ETC's survey queried 7,100 long-haul travellers from Australia, Brazil, Canada, China, Japan, South Korea and the US about their summer travel intentions – and results show that a total of 11 per cent of travellers to Europe will be lowering their spending this summer. The overall ratio of travellers spending only €100 to €200 per day – 40 per cent – was lower than the Chinese traveller percentages. The reality is that in a climate of economic uncertainty, few travellers are splurging – regardless of their origins. That is echoed in data from the World Travel & Tourism Council showing that tourism growth is expected to slow sharply in 2025. Only a third of the ETC's American respondents are planning trips to Europe this summer, which is 7 per cent fewer than in 2024. And yet another three markets surveyed in the ETC report – Brazil, Canada and Japan – are on the decline, to a lesser degree. High travel costs and plans to vacation locally are the primary deterrents. Mr Eduardo Santander, chief executive officer of the ETC, sees reasons for optimism. 'While recovery from China has been more gradual than other long-haul markets, momentum is clearly building,' he said. Building back business with these travelers, he added, 'remains a top priority for many European destinations.' In other words, it's a relief that Chinese travellers are coming at all. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
23 minutes ago
- Business Times
Jumbo ventures beyond chilli crab to bring famous Siji Minfu Peking duck chain to Singapore
[SINGAPORE] Home-grown seafood restaurant group Jumbo has inked a joint venture with Chinese roast duck brand Siji Minfu to bring its signature Peking duck to Singapore. While no launch date was provided, the restaurant is expected to open at Resorts World Sentosa, featuring the brand's famed traditionally roasted Peking duck and its hallmark northern Chinese flavours. The setting will be one inspired by traditional Beijing courtyards. Jumbo said the venture offers a timely opportunity to 'build a strong partnership' with Siji Minfu and 'capitalise on the growing global food and beverage sector in Singapore' through the introduction of the established Chinese brand. The Singapore Exchange-listed company added that the collaboration is part of its 'continuing growth strategy to build a robust roster of food and beverage brands and diversify its operations', with a view to enabling future growth, regional expansion and potential spin-offs. The group, which is famous for the chilli crab sold by its Jumbo Seafood brand, has a presence across several cities in China, including Shanghai, Beijing and Fuzhou. In May, the restaurant operator reported a 10.6 per cent decline in profit to S$7.9 million for the six months ended Mar 31, down from S$8.9 million in the year-ago period. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up For Siji Minfu, this will mark the brand's first overseas outlet, adding to its existing footprint of more than 20 locations in China, including in prominent areas such as Wangfujing and Qianmen Street in Beijing. These China-based outlets are not part of the joint venture. Siji Minfu's Singapore arm was incorporated on Aug 7, 2023, while the joint venture company, Sijiminfu-Jumbo, was established on Dec 18, 2024. The joint venture is set to run for an initial term of five years, with the possibility of automatic extension or renewal by mutual agreement between the partners. It has an issued share capital of S$2.6 million, comprising 2.6 million ordinary shares – 90 per cent held by Siji Minfu and the remaining 10 per cent by Jumbo. Jumbo said the investment will be funded by internal resources, and is not expected to have a material impact on its net tangible assets or earnings per share for the financial year ending Sep 30.
Business Times
an hour ago
- Business Times
DBS raises DFI Retail Group Holding's target price, citing strong potential to grow earnings
[SINGAPORE] DBS bank on Monday (Jun 9) raised its target price for DFI Retail Group from US$3 to US$3.60 and maintained its 'buy' rating, citing a stronger and more focused business strategy. This represents an upside of 28.6 per cent from the DFI's previous closing price of US$2.80 on Monday (Jun 9). The bank analysts noted that DFI has been streamlining its operations by exiting low-margin businesses, especially in South-east Asia's food segment, and selling its stakes in associates such as Yonghui and Robinsons Retail Holdings (RRHI). These moves have given the company greater control over its operations and improved its ability to boost return on capital employed and total shareholder return, the analysts said in a report. As at 2.27pm on Tuesday, shares of DFI retail group were down 1.43 per cent, or US$0.04 at US$2.76. However, for Q1 ended Mar 31, 2025, the group's underlying profit fell 18 per cent compared with the same period a year ago, due to the divestment of Yonghui Superstores last year. The Chinese supermarket operator contributed US$23 million in earnings in the corresponding period a year ago. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Excluding the divestment, the underlying profit of the mainboard-listed group rose 28 per cent for Q1 compared with a year ago. Looking ahead, DBS sees strong potential for DFI to grow earnings, driven by improving operational efficiency. They estimate gains of over US$100 million, noting that even a modest 0.1 percentage point rise in operating margin could boost FY2026 net profit by about 2.2 per cent. DBS has also raised its core earnings forecasts for DFI by 4 per cent for FY2025 and 3 per cent for FY2026, reflecting the impact of recent divestments and a solid first quarter. For FY2025, DBS also expects earnings to reach US$269 million – near the upper end of management's guidance – helped by stronger performance from Maxim's and lower interest expenses. Said the DBS analysts: 'For FY2026, we anticipate further margin expansion for the remaining businesses and continued interest savings, driven by a full-year impact from lower debt levels and reduced lease liabilities following the sale of DFI's SG Food business.' On Mar 24, DFI announced the divestment of its Singapore Food business to Macrovalue – the same party that acquired its Malaysia Food operations in 2023. The transaction is valued at S$125 million and is expected to be completed by Q4 2025. By FY2026, further margin improvements and savings from lower debt and lease obligations, after selling the Singapore food business, are expected to outweigh the US$14 million earnings loss from the RRHI stake disposal. Rather than pursuing costly mergers and acquisitions activity, DBS believes DFI would be 'more prudent and value-accreditive' in focusing on operational improvements and maintaining a steady special dividend payout of US$0.10 annually until better investment opportunities arise.