Residential developers should be more cautious with new supply launches in Greater Bangkok in 2019 as the absorption rate declines, leading the number of unsold units to exceed the five-year average, says the Real Estate Information Center (REIC). Vichai Viratkapan, acting director-general of the REIC, said a significant decrease in the absorption rate will take place […]
Read MoreAny further increase in Thailand’s policy interest rate would not be continuous, as an accommodative monetary policy is still needed to shore up private consumption and investment, according to the edited minutes of the Bank of Thailand’s Monetary Policy Committee (MPC). “The committee viewed that accommodative monetary policy would remain appropriate in the period ahead, and […]
Read MoreFestive spending is expected to increase this year from 2017, with a decline in oil prices helping raise the purchasing power of Thais during the New Year season, according to a university survey. Thanavath Phonvichai, vice-president for research at the University of the Thai Chamber of Commerce (UTCC), said Thais’ spending is forecast to grow 2.5% […]
Read MoreBANGKOK has placed second on the list of Asian destinations in the latest Global Destination Sustainability (GDS) Index. The rating, which measured social and environmental sustainability strategies, industry supplier support, and Convention Bureau strategy and initiatives. The results also praised Thailand Convention and Exhibition Bureau (TCEB)’s performance as a top scorer in a comparison of […]
Read MoreInaccessibility to financial sources at a reasonable price for some small and medium-sized enterprises (SMEs) and search-for-yield behaviours by savings and credit cooperatives are areas that the Bank of Thailand is keen to see improvements to reinforce financial stability. Some SMEs cannot access bank loans at a fair rate because they have not adapted to digitalisation, […]
Read MoreThe government has set a target to grow the country’s overall border trade by 15% in the year to come to 1.6 trillion baht. Adul Chotinisakorn, director-general of the Foreign Trade Department, said the growth target will be supported largely by trade talks with neighbours to reduce obstacles to border trade as well as the government-initiated […]
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Thailand
