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Thailand – Moody’s: New BoT rules rate as credit-positive

The Bank of Thailand’s new rules to tighten mortgage lending are credit-positive to reduce property speculation, says Moody’s Investors Service. “The new mortgage-lending rules are credit-positive because they will help to reduce speculative buying and require banks to focus on borrowers with better credit quality,” said Moody’s. “We expect the measures to improve the asset […]

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Thailand: Property giants stir market with M&A deals

SHORTAGE OF available land in the central business district and fierce market competition have led to a slew of merger and acquistion (M&A) deals among property developers in recent years, say experts in the industry. “The Bt20.14 acquisition last month of a majority stake in Grand Canal Land Plc(GLAND) by CPN Pattaya Co Ltd, a […]

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Auto sector tops Thai exports to Asean

Vehicles as well as auto parts and accessories topped Thai shipments to Asean in the first eight months of this year, valued at Bt164.8 billion, according to figures from the Department of Foreign Trade. Among the top five exports to the region, the auto sector was followed by fuels, plastics, chemical products, and machinery and […]

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Thailand: EEC panel gives nod for digital push

The steering committee of the EEC Development Policy last week acknowledged the proposal of the Digital Economy and Society Ministry to develop the digital and communications infrastructure on the Eastern Economic Corridor with a budget of more than Bt17.913 billion. The committee meeting was chaired by Prime Minister Prayut Chan-o-cha. Kanit Sangsubhan, secretary-general of the […]

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Thailand: 4 EEC projects approved for infrastructure

The Eastern Economic Corridor (EEC) Policy Committee on Wednesday approved four infrastructure projects worth a combined 432.85 billion baht, with terms of reference (ToRs) scheduled to be launched within this month. The four projects are the U-tapao aviation city (worth 290 billion baht); a maintenance, repair and overhaul (MRO) centre (10.59 billion); the third phase of […]

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