The economy will continue to struggle, owing to the downside shock from the coronavirus outbreak and potential delays to the disbursement of fiscal stimulus. Growth of 2.4% in 2019 was already the slowest in five years, significantly lower than the 4.1% expansion in 2018. The National Economic and Social Development Council has lowered its 2020 […]
Read MoreCondo developers should extend the transfer period for Chinese buyers to avoid amplifying the glut, according to property brokerage Angel Real Estate Consultancy Co. Co-founder and president Simon Lee said developers should give Chinese buyers a longer period to pay for condo units they booked when they are ready to transfer if they cannot travel. […]
Read MoreThai Airways International will cancel some flights to eight countries this and next months as the coronavirus outbreak has crippled air travel. The flight adjustments this month and most of March cover destinations in China, Hong Kong, Taiwan, Japan, South Korea, Singapore, the Philippines, Bangladesh and the United Arabs Emirates. Nond Kalinta, vice-president in charge […]
Read MoreCentral Retail Corporation (CRC), Thailand’s largest retailer and the retail arm of Central Group, is upbeat about its business prospects as it launched the country’s largest-ever market capitalisation offering on the Stock Exchange of Thailand (SET) on Thursday. CRC launched its initial public offering (IPO) on Thursday despite business sentiment being blighted by the Covid-19 epidemic. […]
Read MoreThe government expects public investment spending of more than 400 billion baht in the second quarter to help the flagging economy weather the impact of the coronavirus outbreak, Finance Minister Uttama Savanayana said on Thursday. Even before the epidemic that originated in China, the trade-reliant economy has been under pressure, buffeted by the Sino-US trade […]
Read More[BANGKOK] Thai conglomerate Central Retail launched the country’s biggest ever IPO on Thursday, giving it a market cap of around US$8.1 billion in a punt on a sputtering economy now hampered by the new coronavirus. Most Thais visit a shop each day owned by Central, a family-run empire which has hundreds of malls, electronics, grocery […]
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Thailand
