ThaiVest Editorial Team

Precious Shipping Plc is set to launch a $550 million ship-buying program for second-hand vessels when shipping rates drop to 2,000 points on the Baltic Dry Index. This strategic move focuses on acquiring cost-effective ships to strengthen its fleet, potentially influencing the shipping industry's growth and consolidation.

BTS Skytrain Operator, BTSC, is entering the property sector with a strategic B10bn investment plan to develop three hotels near key BTS stations. This venture aims to generate long-term income and secure valuable assets, while targeting tourists and business travelers with luxury accommodation options.

Deutsche Bank predicts a 3.5% Thailand's economic growth for 2010, supported by the global economic recovery. This outlook presents an optimistic scenario for businesses and industries, with the potential to drive investments, job creation, and economic stability in the country.

The Retail and Wholesale Act, expected to be debated in Parliament later this year, seeks to improve the operating license process for retail and wholesale businesses. With reduced approval times and the establishment of provincial and central committees, the act aims to encourage investments and drive growth in these industries.