Bangkok stands to lose an estimated 30-40 billion baht in property damages after more than 30 buildings including CentralWorld and Big C in the Ratchadamri area were torched by anti-government protesters who were enraged after their leaders surrendered to police. Thailand Business News
Petrol stations in the outskirts of Bangkok have reported higher sales during the last few days while public transport services should return to full operation by Monday. Security officials are still not allowing petrol stations in 13 risk districts to reopen despite the riot situation abating. This has resulted in brisk sales for petrol stations on the outskirts of Bangkok. These stations have requested the delivery of petrol this afternoon, instead of late at night, to replenish depleting reserves.
As the situation is escalating, the Bangkok Bank, Krung Thai Bank, Kasikornbank and Siam Commercial Bank will close all of their Bangkok branches at 1pm on Wednesday, Prasarn Trairatvorakul, chairman of the Thai Bankers Association said.
Thai exports to China are expected to have plenty of rooms to grow in 2010 because of the incessantly growing economy of China and the tariff reduction to 0% following the ASEAN-China Free Trade Agreement (FTA). The mentioned factors are believed to help facilitate wider access of Thai exports to the Chinese market. Thailand Business News
Thailand’s economic prospects continued to get brighter as the first quarter of 2010 came to a close and the data revealed healthy growth in production and improved consumer confidence. In a statement released by the ... Thailand Business News
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 Thai authorities' latest attempt to bring an end to eight weeks of anti-government rallies turned bloody on Thursday night with one of the protest leaders shot and severely wounded in unclear circumstances and number of clashes between demonstrators and security forces.