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Thailand: Property developers anxious about year ahead

Property developers should be more cautious about financial liquidity and new supply launches because residential presales and transfers are unlikely to be as robust as previously expected this year.¬ Atip Bijanonda, president of the Housing Business Association, said that if the global economy does not improve, there will be an adverse impact on the Thai […]

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Thailand: High-speed rail needs help to make an impact

For all the hype surrounding Thailand’s planned high-speed railway lines, their economic impact will be minimal without better planning to improve urban amenities and productivity in¬ the services sector, say Japanese researchers.¬ Based on current plans, the rail projects would improve the kingdom’s gross domestic product (GDP) by only 0.1% by 2035, according to a research […]

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Thailand: Channel for VAT refund added

The Finance Ministry has extended a payment channel that is eligible for the government’s value-added tax (VAT) refund¬ scheme for shopping during Chinese New Year, adding QR code payment to debit cards as originally planned.¬ Those entitled to the VAT refund from shopping during Feb 1-15 must be Thai nationals, said Finance Minister Apisak Tantivorawong.¬ For […]

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Thailand: Officials to keep an eye on food prices

The Commerce Ministry pledges to shore up key farm products this year if their prices fall below targets set by the ministry.¬ Officials also vow to monitor food prices and service charges at restaurants to ensure fairness to consumers.¬ Whichai Phochanakij, director-general of the Internal Trade Department, said the department set target prices for seven […]

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Thailand: Wood export rules revisited

The government is considering extending its grip on the exports of wood products and mai khud lom — trees grown to a certain¬ size and dug from the ground to be replanted in other places for landscaping — to build confidence of trading partners and increase shipments.¬ Adul Chotinisakorn, director-general of the Foreign Trade Department, said […]

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Thailand: Construction outlook steady

The construction market is expected to maintain its growth prospects in the next few years, helped primarily by major public sector infrastructure projects.¬ We believe that private-sector construction work will also increase, helped by the expansion in public infrastructure projects and a recovery in residential property activity.¬ However, competition will remain fierce; hence our neutral rating. […]

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