Despite September’s export slump, the government remains upbeat about achieving 11 million tonnes of milled rice exports this year on high demand. Adul Chotinisakorn, director-general of the Foreign Trade Department, said rice export prospects are still promising for the last quarter, with continued import orders, particularly with government-to-government (G2G) deals with China, the Philippines and Japan. […]
Read MoreHonor, a Chinese smartphone brand, is increasing investment in the Thai market by 50% to become a top-four player by 2021. Thailand is projected to become a top 10 market for Honor by 2020, with the top 10 contributing half of total revenue outside of China for the company. “Since Honor started selling smartphones in […]
Read MoreThe Bank of Thailand (BOT) revealed that real estate developers and commercial banks had submitted ideas to help develop new criteria for home loans. Participants emphasised the need to adjust the regulatory framework if they benefit the general image of the banks without significantly affecting the system. They hoped that customers will gain the most […]
Read MoreThe Bank of Thailand has moved to calm jitters, saying the real estate market is unlike the 1997 financial meltdown and tighter mortgage lending measures are considered “preventive”. “It is similar to preventing a fire when we see smoke,” Wajeetip Pongpech, assistant governor for the financial institutions policy group, said in a statement released on […]
Read MoreTourism Minister Arief Yahya says growth in the Indonesian tourist industry may surpass that of Thailand within the next five years. “We can beat ‘Amazing Thailand’ and ‘Malaysia Truly Asia’ ,” Arief said in a discussion at the State Secretariat in Jakarta on Tuesday as reported by kompas.com, arguing that in 2014, Indonesia ranked 70th in the world tourist Industry, but […]
Read MoreDespite an expected decrease in the loan-to-value (LTV) ratio of mortgages, new condo supply in Bangkok in the fourth quarter will continue as planned. Phattarachai Taweewong, senior manager at Colliers’ research department, said developers in the condo segment are not worried about the Bank of Thailand’s proposed LTV limits and will continue with their fourth-quarter […]
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