Thai Industry News

IVL Closes Deals with INVISTA and SK Chemicals Assets in USA, Mexico, Indonesia and Poland to create global Polyester Value Chain powerhouse

Land and Houses Retail Bank doesn't need foreign strategic partners for short-term expansion as it is likely to have strong capital base after recapitalisation.

Thailand is unlikely to experience a sugar shortage this year since supply still exceeds demand, insists the Cane and Sugar Board. Secretary-general Prasert Tapaneeyangkul emerged yesterday to confirm the adequacy of the domestic sugar supply amid growing concerns that a shortage was looming, similar to that of palm oil.

Thailand is unlikely to experience a sugar shortage this year since supply still exceeds demand, insists the Cane and Sugar Board. Secretary-general Prasert Tapaneeyangkul emerged yesterday to confirm the adequacy of the domestic sugar supply amid growing concerns that a shortage was looming, similar to that of palm oil.

Tax reforms in the automobile sector are unlikely to have a negative impact but would set a new direction for the industry for the next 10 years, according to Excise Department director- general Pongpanu Svetarundra.

Stocks of built but unsold residential properties are piling up in Bangkok causing developers to change tactics to speed up sales

Minor International foresees a bright future for the overseas expansion of its hotel and food business, with new contracts that will significantly raise the number of hotel rooms and food outlets under its management.

The Bank of Thailand is now less concerned about a bubble in the condominium market due to a reduction in oversupply and a slowdown in demand. The impact of its decision to raise the loan-to-value (LTV) ratio, which took effect from the beginning of 2011, is being monitored.

Accor Asia Pacific plans to add 16 new properties to its Thailand portfolio by next year on expectations of continued growth in the country's tourism industry.

Bangkok's 'showpiece' airport is still beset by ongoing problems, from long queues to taxi scams to overpriced food. Will it ever change?