Thai Industry News

Domestic oil product demand, excluding bitumen and liquefied petroleum gas, rose 3.7% year-on-year in January to 592,754 barrels per day, reflecting expanded business activity and industrial use of energy.

Asia's real-estate investment market saw encouraging growth in the total value of sales transactions in the second half of 2010, thanks primarily to abundant liquidity and the continued inflow of capital, according to global real-estate services firm Colliers International.

Thailand’s largest retailer Central Group recently announced plans to develop a THB13 billion (US$427.4 million) Central Embassy complex on a 9-rai plot of land acquired from the British Embassy.

Eight local banks led by Siam Commercial Bank and Krung Thai Bank have agreed to arrange Bt45b in financing for Charoen Pokphand Foods Plc (CPF) to expand its business overseas.

Banpu Plc, Asean's largest coal miner, expects its average coal selling prices to reach US$90 per tonne this year with total sales volume of around 45m tonnes, says chief executive Chanin Vongkusolkit.

The earnings of listed companies soared 32.24% to a historical high last year with all sectors, led by energy, banking and property, reporting positive results.

Bangkok property buyers and investors will be converging on the Thai capital’s Siam Paragon shopping centre for a Luxury Property Showcase.

PTTEP share prices declined sharply by Bt4.50 yesterday to close at Bt176 a share.

Indorama Ventures aims to boost production capacity to 10m tons in 2014

A reduction in the oversupply of condominiums and decrease in demand has reduced the Bank of Thailand’s (BOT) doubts over a bubble forming in the market. The effects of BOT’s decision to raise the loan to value ratio (LTV) at the start of 2011 are being monitored.