Thailand Company News

Luxury property developer Raimon Land has announced the forthcoming opening of Vue, a boutique fusion mall adjacent to The River, its prestigious development along the Chao Phraya. Located by The River's main road entrance on Charoen Nakorn Road, Vue will be completed by the end of the year, before The River's owners and tenants move in to their units during the course of 2012.

Synnex (Thailand) Plc (SYNEX) distributes computers, peripherals, software, IT systems and computer consumables of more than 50 global brands to a nationwide customer base of 5,000 retailers and wholesalers, locally branded computer manufacturers, department stores, superstores and stationery shops.President and CEO Supant Mongkolsuthree discusses the company's strategy and outlook.

Thailand's exports jumped 31 per cent in February on year to US$18.86 billion, the highest monthly amount in history, according to the Commerce Ministry.

Thailand’s Asian Property Development (AP) is eyeing revenue growth of 25 per cent to THB17 billion (US$559 million) this year, with plans to launch 20 new projects focusing on both condominiums and low-rise developments.

Honda and Mazda launched two bread-and-butter models in Thailand yesterday, and are expecting to increase market share with them.

Property firms have enjoyed a high rate of presales in the first quarter of this year despite the Bank of Thailand's measure limiting loans to 90% of the value of condominium units, which came into force on January 1. A survey by The Nation early this week found that the top 10 listed property developers recorded presales worth nearly Bt40 billion between January 1 and the middle of this month.

Nissan's move follows that of Mitsubishi Motor Corporation, which introduced its i-MiEV electric vehicle after completing fleet testing in Thailand under an agreement it struck with the government late last year.

True Corporation is moving aggressively into high-speed fibre-optic networking for corporate customers with the introduction of up to 10-gigabit ethernet service to meet demand for greater bandwidth.

The Housing Finance Association expects growth in new home loans this year to slow to 8%, down from 9.2% last year, because of rising interest rates and cessation of tax incentives.

Thai Union Frozen Products (TUF), the country's largest exporter of frozen and canned seafood, projects its first-quarter revenue will grow by at least 30% year-on-year as destruction from massive quakes may prompt more orders from Japan.