Category Business

Real Estate Industry Fearing Worst from Prolonged Unrest

Thailands real estate industry has indicated that consumer confidence will likely drop if the unrest situation persists while many companies have indefinitely pushed out the launch of new real estate projects. Supalai Public Company Managing Director Traitecha Tangmatitham stated today that the halt of government aid measures for the real estate industry coupled with the nations current political turmoil will bring about a dire situation for the sector.

Thailand’s ICT market is growing fast

While still relatively young, Thailand’s information and communications technology industry is growing with great promise. Businesses, government agencies and households are going digital, and more Thai consumers have become tech-savvy, with the latest ICT gadgets ... Thailand Business News

KBank Credit Lines Impacted by Protests

Kasikorn Bank executives have expressed worry over the possibility that the nation's GDP will grow by only 2.6 percent this year due to the red-shirt protests. Meanwhile, 2 billion baht in credit loans have begun to suffer. Deputy managing director of Kasikorn Bank, Pakorn Punthanapaet, stated today that the Ratchaprasong demonstration by the red-shirt group has impacted the bank's credit loan clients, especially small and medium businesses.

THAI Fears Protest Effects on Passenger Number

Thai Airways International claims political tension has been affecting the number of passengers more than the volcanic eruption in Iceland. The company will lose more if all flights have less than 60 percent of capacity filled on average. Piyasvasti Amranand, president of Thai Airways International, commented on the volcanic eruption in Iceland. He said that all of the 22 flights to Europe have resumed.