Thai Economy News

The average round of golf was 29% cheaper in Thailand than in other leading golf destinations in Asia, according to a recent survey.

The Asian Development Bank (ADB) expects Thailand to record the lowest growth among the six major Southeast Asian economies this year.

The Pattaya property market has potential to stage a full recovery this year, spurred by 15 billion baht in spending planned to improve transport and utilities services, communities and the environment.

The Stock Exchange of Thailand (SET) continued its climb yesterday by jumping another 1.34% to close at 1,078.66 points yesterday, in heavy trade worth 42 billion baht.

Bangkok contains the most office space of any ASEAN city, including Singapore, according to research by Colliers International throughout Asia Pacific.

Thai Airways International should shed its status as a state enterprise so the government would stop meddling in its affairs, advocates a think-tank for the Finance Ministry.

Thailand's largest coal miner, Banpu, is confident of strong demand from Japan in the next few years as the country will either have to increase the capacities of existing power plants or build new ones to make up for the shutdown of the disaster hit Fukushima nuclear plant.

Radioactive contamination has been detected in udo - a type of Japanese vegetable -brought into Thailand by Japanese passengers. Thais are advised not to eat it, regardless of the source, the Food and Drugs Administration warned Thursday.

While world markets for office space continue their slow recovery from the global financial crisis, Bangkok is found to contain more office space than other ASEAN commercial citiesm including Singapore, according to international property agencies.

Demand for new homes in Thailand remained robust in the first quarter despite measures passed by the Bank of Thailand limiting loans to 90 per cent of the value of condo units.