Proposed incentives to encourage mergers, combined with new banking standards, could lead to greater consolidation within Thailand’s banking sector, which the government hopes will strengthen lenders and complement plans to fast-track industrial growth. In December, Finance Minister Apisak Tantivorawong said his ministry was considering a plan to make mergers more appealing by offering tax incentives to local […]
Read MoreThe government is mulling offering additional tax incentives and discount tour packages to lure the elderly to take part in more domestic travel. Deputy Prime Minister Somkid Jatusripitak, who chaired a meeting of the National Tourism Policy Committee Monday, said the Tourism Authority of Thailand (TAT) will team up with tour companies to launch discount tour […]
Read MoreThe approval of the new Eastern Economic Corridor (EEC) law in late February will help drive the industrial sector and boost the residential market, property experts say. James Pitchon, executive director for research and consulting at property consultancy CBRE Thailand, said opportunities for growth in the industrial sector will rise as the government focuses on […]
Read MoreThe Hanoitimes – Nawaplastic Industries, a subsidiary of Thailand’s Siam Cement Group (SCG), successfully acquired 24.1 million shares of Binh Minh Plastic from the State Capital Investment Corporation (SCIC) at the Ho Chi Minh Stock Exchange on March 9. With a successful bidding price of at VND96,500 (US$4.26) apiece, SCIC raised over VND2.3 trillion (US$101.2 million) […]
Read MoreConsumer confidence dropped for the first time in seven months in February, as people were worried about low commodity prices, the baht’s strength, the political situation and wage rises. According to the latest survey by the University of the Thai Chamber of Commerce (UTCC), February’s consumer confidence index stood at 79.3, down from 80 in January, […]
Read MoreThailand’s overall residential market in 2018 is expected to stay positive and continue improving from last year with growth of 7.9% on the demand side and 10.9% on the supply side, largely due to stronger confidence and a robust economy. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the market this year […]
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