ThaiVest Editorial Team

Six-figure homes will sell like hotcakes after the Bt15,000 salary policy is implemented."This will create a new market for residential projects priced up to Bt1 million," Opas Sripayak, managing director of LPN Development, said yesterday.

Deputy Prime Minister Kittiratt Na-Ranong yesterday put more pressure on the Bank of Thailand, supporting the finance minister's view that the policy interest rate should be cut by between a quarter and one percentage point.

Siam Makro Plc, the country's largest operator of cash-and-carry stores, expects its sales to hit 100 billion baht next year driven by higher domestic consumption stimulated by government spending and higher wages.

A surge in interest from Russian buyers and expats working in Hong Kong and Singapore has seen property sales in Phuket speeding up.

Suvarnabhumi Airport has moved into the world's 10 busiest airports in terms of international passengers, underscoring its importance as a global hub.

CAT Telecom has given Total Access Communication (DTAC) 90 days from yesterday to shut down its third-generation wireless broadband service or the state agency will file a complaint with an arbitration panel alleging breach of contract.

Association of Thai Travel Agents estimates tourists handled by member companies at Suvarnabhumi Airport could reach 3.5 million trips this year on the back of growing confidence in Thailand's stability.

Newly-appointed Transport Minister ACM Sukampol Suwannathat vowed yesterday to press ahead with the Pheu Thai Party's transport policies and gave an assurance that he would not introduce a management change at Thai Airways International.

Central Plaza Hotel Plc (Centel) says it will enter the European market as part of its 4.5-billion-baht expansion plan from 2012-15.

New Finance Minister Thirachai Phuvanat-naranubala is questioning the Bank of Thailand's hawkish focus on inflation by lifting the policy interest rate again, saying it would be a key obstacle for businesses.