China will be “ready” to deal with the currency exchange rate issue when its global partners begin to withdraw their stimulus packages, the deputy head of China’s central bank said Saturday.
Finance Minister Korn Chatikavanij has promised both local and international investors that local banks have adequate liquidity to support their industries. Three banks have agreed to lend General Motors (Thailand) Bt13.5 billion to finance two vehicle programs and construction of a new diesel-engine plant in Rayong province.
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.
The long-awaited land and building tax has been tabled and should be enforced this year as the Thai economy is now on the path to recovery from the global recession, says Prime Minister Abhisit Vejjajiva.
The Export-Import Bank of Thailand yesterday appointed Daiwa and Mizuho as joint lead managers for the sale of its floating-rate notes worth US$200 million (Bt6.7 billion) to leading institutional investors, to raise funds for expansion.
To avoid allegations of sex and age discrimination, THAI plans to make voluntary retirement highly appealing, with flight attendants who have served for 15 years being offered a lump-sum of up to 30 times their monthly salary.