Bangkok tower planned

Thailand's Pace Development Co and Israel's Industrial Buildings Corp Ltd (IBC) unveiled a $410 million joint venture yesterday to build a 77-story, multi-purpose high-rise in central Bangkok. The 310-meter Mananakhon project, which will be the tallest building in the Thai capital, housing 200 luxury residential units, a 150-room five-star hotel and a shopping mall, is due for completion in late 2012, the companies said.