Thailand Company News

As forecast by many brokerages, the SET Index broke its resistance level to hit a high of 1,113.63 points last week. Continued foreign fund inflows, a positive outlook ahead of the midyear election, and robust Asian markets all drove trade.

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 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 listed developer Raimon Land Plc plans a new subsidiary this year that will serve as a property agent to its own customers.

The government's land and property tax bill has passed final legal screening and is ready for parliamentary consideration, but politics will remains the key obstacle.

Indorama Ventures board on 5 April 2011 has approved a Brownfield expansion of PET polymers production in Europe with a capacity increase of 220,000 tons per year.

Despite disrupted supply of components and parts from Japan, Thai manufacturers in the automotive and electronics sectors see only a slim chance of massive layoffs. Expecting the disruption to end soon, they realise that layoffs could create a long-term problem amid the tight labour market.