The Board of Investment (BoI) is normally tasked with promoting foreign investment in Thailand by providing information, services and incentives to interested foreign investors. This year the agency, which operates under the aegis of the Prime Minister’s Office, was assigned to play a greater role in narrowing income disparity by designing privileges for investment that promote […]
Read MoreLand prices in Samut Sakhon, Nakhon Pathom and Nonthaburi saw the highest increases last year among the top five locations in Greater Bangkok, with developers shifting to low-rise development from condos. Phattarachai Taweewong, senior manager of property consultancy Colliers International Thailand’s research department, said residential developers are diversifying to single detached houses, semi-detached houses and townhouses (low-rise) […]
Read MoreThe changing lifestyles and preferences of consumers are causing financial distress to many retailers who refuse to reinvent their stores. Traditional retailers are under intense pressure from the rapid transformation of the retail industry. Today, consumers want to maximise their shopping experience with minimal effort and maximum convenience. To meet consumers’ high expectations, big players […]
Read MoreEconomic growth for Thailand was likely 4.1-4.2% last year, short of the Finance Ministry’s target of 4.5% because of lower than expected exports, says the head of the Fiscal Policy Office (FPO). To achieve the ministry’s target, exports had to expand 8%, but last year’s outbound merchandise shipments grew 6.7% after unexpectedly shrinking 1.7% year-on-year […]
Read MoreExports fell for a second straight month in December, dropping the full-year performance for 2018 to 6.7% growth and missing the 8% target set by the government. The Commerce Ministry reported Monday that customs-cleared exports unexpectedly shrank by 1.7% year-on-year last month with a value of UScopy9.4 billion after contracting 0.95% in November. The December decline was […]
Read MoreNINE commercial banks and two state banks have reported a combined net profit of Bt218.29 billion last year, representing a rise of 5.3 per cent from the previous year. Of the nine commercial banks, seven posted growth in net profit while two others – Siam Commercial Bank and CIMB (Thai) Bank – saw declines. Two […]
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Thailand
