Thailand Company News

The Tourism Council of Thailand is has re-forecasted 2011 numbers, with expectations in the range of 16.76 to 17.21 million.

The GHB zero interest campaign would help buyers afford units for under THB3 million at developments like Pruksa's Plum Condos.

Charoen Pokphand Foods (CPF) has identified India, Vietnam, Russia and the Philippines as its top priority markets for expansion in a five-year business plan.

Concerns about an overheating condominium market were allayed in the first quarter of 2011, with a fall of around 46% of new launches when compared to the previous quarter.

The Bank of Thailand expects an eventual balance between capital inflow and outflow this year, with such a position likely to be even more clearly seen next year.

Food prices are expected to rise on growing demand from catastrophe-hit Japan and more frequent natural disasters cutting the supply of ingredients.

Thailand's vehicle output from April through June could be slashed by as many as 150,000 units, leading to a Bt75billion loss in revenue, as all carmakers have to run at half capacity because of the disruption in the supply of parts from Japan.

Singapore headquartered City Development has budgeted US$600 million (THB18 billion) to develop residential projects and take over hotels and resorts in Thailand and other Asian markets, according to The Nation.

PTT Exploration and Production (PTTEP) is exploring business opportunities in South America and Africa, with a view to turning the areas into the company's third business pillar, following Thailand plus Burma and Australia plus Canada.

K Village and Crystal Park are two retail malls in Bangkok that are very different. Large open areas, low – slung buildings and lots of parking area make malls like this popular very quickly.