The new government should focus more on tax restructuring, as it is the key to maintaining fiscal discipline amid greater need for infrastructure investment and spending on social programmes, economists say.
Tourist arrivals to Thailand during the first quarter of this year improved 14.96%, the Tourism Council of Thailand reported, Monday, but it says it will review the year's target due to natural disasters both in Thailand and Japan.
Low interest rates on bank deposit savings accounts are driving investment demand in the residential market, where investors are seeking annual yields as well as capital appreciation.
Thai liquor tycoon Charoen Sirivadhanabhakdi’s TCC Land now holds 100 per cent ownership in its former joint-venture subsidiary TCC Capital Land after buying 40 per cent of it for THB2.33 billion (US$77.82 million) from its partner CapitaLand in Singapore. TCC Land formerly held 60 per cent of TCC Capital Land.
Thai Union Frozen Products PCL. (TUF), Thailand's leading producer and exporter of canned and frozen seafood products, says that the promising outlook on its tuna and shrimp business has remained unharmed from the persisting problems over tuna and shrimp raw materials
Carmakers still cannot plan when they can run their local plants on overtime even though limited production in Japan began early this week.
Despite some impact from mortgage lending curbs on the high-rise market, Supalai Plc remains confident in condominium demand with the launch of a new riverside project worth 5 billion baht, expecting sales of one-fifth on the launch date.
The Stock Exchange of Thailand Index is expected by some analysts to close the year at 1,200 points thanks to the rosy outlook for listed companies' earnings - a factor that continues to attract foreign funds and which helped pull the SET out of negative territory yesterday.
Pattaya gained the highest occupancy averages, January through to the end of April’s Songkran festival, of all the regions monitored by Thai Hotels Association, according to eastern chapter president, Bundarik Kusolvitya.
Ministry of Tourism and Sports released its latest tourists arrivals data for Thailand revealing a 14.9% increase for the first three months on 5,356,935 visits.
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