The Covid-19 pandemic has exacerbated an already uncertain residential and office property market in Bangkok, likely to lead to falling rents and a glut of vacancies, says the chief executive of Savills Thailand. “We were predicting the office market was going to come under immense pressure anyway irrespective of the Covid-19 event because the volume […]
Read MoreSmartphone sales in Thailand fell 12.1% in the first quarter with Xiaomi the only vendor recording year-on-year growth, according to global research firm Gartner. Xiaomi stood at the forefront for Thai market share, while Huawei slipped out of the five top spots for sales, Gartner said. In the first quarter, smartphone sales in Thailand posted […]
Read MoreThe cabinet yesterday approved a sharp cut in the land and buildings tax of up to 90% for this fiscal year, the latest move to alleviate fallout from the coronavirus pandemic. Prime Minister Prayut Chan-o-cha said the overall public will be hit harder if the government proceeds with plans to fully levy the land and […]
Read MoreThe country’s main industries and economic growth are expected to take longer than one year to return to pre-pandemic levels, while an unemployment spike is the greatest concern, says Kasikorn Research Center (K-Research). Tourism, automotive and property development are the three industries expected to take a longer time than other sectors to bounce back to […]
Read MorePoipet Special Economic Zone – a wholly-owned subsidiary of Phnom Penh Special Economic Zone Plc. – is aiming to become a higher value-added production hub, particularly for electronics, mechanical and automotive parts, according to its Chief Executive Officer. The zone will also utilize its close proximity to the Thai border and access to the developing […]
Read MoreDespite a rise in exports for a second straight month in April, a key trade group is maintaining its export forecast at an 8% contraction this year. The Thai National Shippers’ Council (TNSC) cited uncertainty over the end of the coronavirus crisis, the economic slowdown of key trading partners and relatively weak purchasing power because […]
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Thailand
