As buyer sentiment continues to fall, developers should price their new launches competitively as neighbouring areas still have unsold ready-to-transfer supply. Phattarachai Taweewong, associate director of research and communications at property consultant Colliers International Thailand, said there was no light at the end of the tunnel for the global and domestic economy. With a poor […]
Read MoreBG Container Glass (BGC), Thailand’s largest glass container packaging manufacturer by capacity, is negotiating with investors in Vietnam to buy solar farms worth over 1 billion baht as it seeks new business opportunities in renewable energy. The company expects to conclude a deal in the fourth quarter for at least two farms, with a combined […]
Read MoreSET-listed Thaicom says a joint venture it recently formed with CAT Telecom would serve as a hub for low earth orbit (LEO) satellite service in the Cambodia, Laos, Myanmar and Vietnam (CLMV) market, catering to demand for high-speed internet via 5G tech and innovative applications. The establishment of the joint venture, called Nation Space and […]
Read More[BANGKOK] Thailand’s financial system had become more vulnerable due to a weaker-than-expected economic outlook amid the coronavirus outbreak, minutes from the latest central bank policy meeting showed on Wednesday. The Bank of Thailand’s (BOT) monetary policy committee (MPC) voted unanimously on June 24 to leave the one-day repurchase rate unchanged at a record low of […]
Read MoreThailand’s household debt level to gross domestic product (GDP) rose slightly to 80.1% in the first quarter, the highest level in four years, central bank data showed, with the trend set to continue as the coronavirus outbreak squeezes the economy. The economy could shrink a record 8.1% this year, the central bank predicts. As of […]
Read MoreTravel bubbles are likely to be delayed after several countries eyed for the scheme have seen a resurgence of Covid-19 cases, according to the Civil Aviation Authority of Thailand (CAAT). CAAT director-general Chula Sukmanop said even though talks about travel bubble arrangements are being thrashed out with a number of countries including China, Japan and […]
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