Thai Economy News

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 Stock Exchange of Thailand Index is expected by some analysts to close the year at 1,200 points thanks to the rosy outlook for listed companies' earnings - a factor that continues to attract foreign funds and which helped pull the SET out of negative territory yesterday.

Pattaya gained the highest occupancy averages, January through to the end of April’s Songkran festival, of all the regions monitored by Thai Hotels Association, according to eastern chapter president, Bundarik Kusolvitya.

Ministry of Tourism and Sports released its latest tourists arrivals data for Thailand revealing a 14.9% increase for the first three months on 5,356,935 visits.

With a series of natural disasters and political crisis that has happened globally during the past 12 months, we are urged to realise the fact that we live in uncertainty.

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.

There is bad news for those determined to tackle global warming. No matter how desperately the world wants to reduce carbon emissions through a cut in fossil-fuel consumption, it seems an inescapable fact that such fuels will continue dominating global energy demand 20 years from now.

Hotels.com’s latest Hotel Price Index, issued late last week, claims Asia gained a 4% increase in revenue per room per night last year when compared with 2009.

The baht, which last week spiked up above Bt30 per dollar for the first time since January, will continue to appreciate because of expected higher exports and more foreign direct investment, boosted by the natural disasters in Japan, according to HSBC Global Research.