Thai Economy News

Total Access Communication (DTAC) will press ahead with the launch of its third-generation wireless broadband service in Bangkok this week as planned, despite a possible legal threat from its concession owner CAT Telecom.

The presence of a Mitsubishi Fuso truck plant will increase the chances for Thailand to assemble Subaru automobiles, according to Glenn Tan, executive director of Tan Chong International Ltd, the Hong Kong-listed motor distribution, property and trading group.

The Thai retail industry recorded an active second quarter with significant developments outside of Bangkok and a hypermarket consolidation.

Foreign and Thai buyers alike are flocking to the beaches of Pattaya, snapping up condominiums and giving the local real estate market a needed boost. As the closest beach to the capital of Bangkok and boasting top of the line amenities, the beachside city will only continue to grow in the near future, according to Property Wire.

Local price tops B25,000 for first time. As stock markets continued their sharp decline, world gold prices soared to a record $1,779 an ounce yesterday and local prices broke the 25,000-baht barrier for the first time as investors sought safer places to park their cash.

There will be no immediate impact on AsiaPacific sovereign ratings resulting from the lowering of the issuer credit ratings on the US to 'AA+' on Friday, Standard & Poor's Ratings Services said today amid selloffs across the region.

The property market will benefit from political stability and the government's policy of boosting demand in the first-home market in the second half of this year, according to property experts.

A wide range of wireless broadband, especially a 3G network, is the fundamental key to the next wave of new technologies designed for greater user experience, according to participants at the "NForum" that brought various experts in the field together.

Regional rivals and foreign investors ready to act if higher minimum wages make Thailand less competitive.

Despite fears of a bubble from some experts, Bangkok’s property boom continues and a new 77-storey tower could take over from the Baiyoke Tower as Bangkok’s tallest building. Expected to be completed in 2014, the MahaNakorn’s unique design will surely be a standout on Bangkok’s skyline, according to AFP.