Thai Economy News

The Pacific Asia Travel Association released, Monday, preliminary figures for international visitor arrivals to the Asia Pacific region for January 2011, showing a 7% year-on-year expansion.

Thai Union Frozen Products Plc, the country's largest seafood exporter, is warning that local shrimp prices may rise due to southern flooding.

Thai Stanley Electric, Thailand's largest manufacturer of lighting equipment for the automotive industry, will invest more than Bt1.8b in a new manufacturing plant to produce lights for eco-cars.

Leading property firm Pruksa Real Estate will propose measures to treat wastewater from its four residential projects in Rangsit in Pathum Thani province to the Senate subcommittee on the environment at the end of this month.

It's time for the Ministry of Interior (MoI) to set up a special task force to begin fast-tracking the processing of the huge backlog of permanent residency (PR) applications it is now sitting on in silence.

Rising business confidence evidenced by more jobs, abundant liquidity Asia's real-estate investment market has seen encouraging growth in terms of the total value of sales this year and the second half of 2010 thanks primarily to the abundant liquidity and continued inflow of capital, a study by Collier International showed.

Thailand's exports jumped 31 per cent in February on year to US$18.86 billion, the highest monthly amount in history, according to the Commerce Ministry.

The Federation of Thai Capital Market Organisations (Fetco) expects the Thai bourse in 2013 to exceed the record high achieved before the 1997 Asian financial crisis, thanks to likely sustained levels of inflation and interest rates and listed companies gaining a higher return on equity as a result of investment expansion.

The domestic sale of motor vehicles in Thailand surged by 44.2 per cent to 78,039 units in February, with Toyota retaining its predominant market share of 30,592 units, up 44.2 per cent, and Isuzu, ranked second largest with 14,713 units, up 22.2 per cent, an informed source in the automotive industry revealed on Wednesday.

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.