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.
The process of 3G auction under the responsibility of the National Telecommunication Commission of Thailand (NTC) has been rescheduled many times due to some complications in details of the bidding conditions and its prices. Thailand Business News
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
Thailand and other Southeast Asian nations are being strongly urged to change their foreign-exchange policy, given that major Western currencies could further lose their shine, due to massive public debt. Thailand Business News
A stock market executive said the agency will continue with its plan to develop capital markets although political uncertainty may have an impact on the plan. Phra Maha Wuthichai Wachiramethi, better known as Wor Wachiramethi, director of the Vimuttayalai Institute, was invited to give a speech on the occasion of the 35th anniversary of the Stock Exchange of Thailand.
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.
In the residential market, Thailand’s top eight developers have seen their collective share expand to 49% in 2009, from 34% in 2008, even as the overall residential market contracted last year by as much as ... Thailand Business News
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.
The commerce minister has asked all Thai commercial attach