The condominium market in 2019 included an accumulated sales rate of 525,223 units, from the total supply of 623,381 units, according to Ms. Risinee Sarikaputra, Director of Research at Knight Frank Thailand. This represents a sales rate of 84.3%, which dropped from 2018 with a sales rate of 85.8%. The number of new condominium units […]
Read MoreThe Centre for Covid-19 Situation Administration (CCSA) has decided to extend the enforcement of the executive decree, the state’s most powerful weapon against Covid-19, for another month but will allow some businesses, including shopping malls and hair salons, to reopen to ease the impact of business shutdowns. Some drastic measures implemented under the decree, including […]
Read MoreBusiness leaders are coming out in support of the government’s extension of the emergency decree and curfew for another month, but have requested easing business restrictions to restart the economy as new infection numbers dwindle. The government has provided some easing of business restrictions by allowing food outlets without air conditioning, barbers and hairdressers, fresh […]
Read MoreThailand’s retail market is likely to see a sharp contraction in the first quarter as the spread of the coronavirus compounds the blow from widespread drought and evaporation of tourist arrivals. Total retail sales are forecast to drop by 30% in the first quarter this year, with tens of billions of baht in estimated losses, […]
Read MoreThe country’s media ad spending is estimated to drop 15% to 77 billion baht this year as the coronavirus outbreak causes brands to tighten their budgets amid a weak economy, says researcher Media Intelligence (MI). The pandemic is also likely to speed up digital adoption by consumers to 1.5-3 years from now, with an emphasis […]
Read MoreMoody’s Investors Service has revised the outlook for 10 Thai banks to stable from positive, with asset quality and profitability poised to weaken because of the coronavirus crisis. But the international rating agency affirmed the banks’ long-term deposit ratings and their long-term senior unsecured debt ratings and issuer ratings. “Moody’s expects that the operating environment […]
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Thailand
