Thu. Jun 20th, 2019

Top Stories

Multi-million Dollar Phuket villa sold at Andara Resort

Rumours that the property market in Phuket is in decline and that prices may fall have been quashed this week by the sale of a high-end villa at Andara Resort, Phuket, Thailand. The villa, which sold for a multi-million Dollar price tag and almost double the original release price was bought by a wealthy Hong Kong investor.Andara is the flagship development of Hong Kong businessman and entrepreneur Allan Zeman and one of Phuket’s most prestigious villa projects, recently winning four accolades at the Thailand Property Awards.

AirAsia to list in the Stock Exchange of Thailand (SET)

The Malaysia-based no-frills airline group AirAsia and its sister Thai airline have set their sights on separate listings on the Stock Exchange of Thailand (SET) to raise fund to support their aggressive expansion plans. On 27 December 2006, AirAsia’s CEO Tony Fernandes unveiled a five-year plan to further enhance its presence in Asia. In the plan, AirAsia will strengthen and enhance its route network by connecting all the existing cities in the region and expanding further into Indochina, Indonesia, Southern China (Kun Ming, Xiamen, Shenzen) and India. The airline will focus on developing its hubs in Bangkok and Jakarta through its sister companies, Thai AirAsia and Indonesia AirAsia. Hence, with increase frequency and addition of new routes, AirAsia expects passenger volume to hit 18 million by end-2007.

Japan's Mitsubishi Motors will hire 1,300 workers in Thailand

Japan’s Mitsubishi Motors will hire another 1,300 workers in Thailand as the car market slowly recovers after being battered by the global recession. Japan’s sixth-largest automaker, plans to increase production at a plant in Thailand this month to meet growing demand for its vehicles in Asia. The carmaker will add a shift at the plant, which makes cars including Pajero Sport SUVs and Triton pickup trucks, it said in a faxed statement today. It will add 1,300 workers at the factory, it said.