Grade A central business district (CBD) office rents rose by 3.1% year-on-year in the first quarter of 2018, a trend that is set to continue for the rest of the year, says property advisory CBRE Research. The average rent for Grade A CBD buildings was just under 1,000 baht per square metre per month. A record […]
Read MoreThe government is set to inject 2 billion baht into state-owned Islamic Bank of Thailand (IBank) as soon as there is an announcement of the amended Islamic Bank of Thailand Act in the Royal Gazette, allowing the Finance Ministry to hold more than 49% of the bank. Piyawan Lamkitja, deputy director-general to the State Enterprise Policy […]
Read MoreUp to 40 Chinese executives will take part in Sino-Japanese Eastern Economic Corridor (EEC) development efforts as they strive to strengthen bilateral cooperation in third-party markets. A new wave of Chinese business representatives is flocking to Thailand to explore investment opportunities, emphasising the remarkable development of economic cooperation between Thailand and China, now the No.1 trade […]
Read MoreMoody’s Investors Service says the government’s investment flagship Eastern Economic Corridor (EEC) is credit-positive for Thailand, says Warotai Kosolpistkul, fiscal policy adviser to the Fiscal Policy Office (FPO). The international credit rating agency had representatives visit the EEC Office, he said. The much-touted EEC scheme was approved by the cabinet in June 2016, and is aimed […]
Read MoreGrab, Southeast Asia’s leading on-demand transport service, plans to expand into e-wallet and micro lending in Thailand to capitalise on the booming cashless society trend. The company is in the process of seeking a Bank of Thailand licence for e-wallet and micro lending as part of the group’s strategy to expand in financial services and improve […]
Read MoreTHE THAI economy is strong enough to cope with future risks, says Tris Rating . Sakda Pongcharoenyong, president of Tris Rating, said that Thai-listed companies possess the financial strength to deal with possible risks, as seen in their earnings results following the Thai economic expansion. Most of the companies are free of liquidity crunch and […]
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