Thai Economy News

Asia's real-estate investment market saw encouraging growth in the total value of sales transactions in the second half of 2010, thanks primarily to abundant liquidity and the continued inflow of capital, according to global real-estate services firm Colliers International.

The earnings of listed companies soared 32.24% to a historical high last year with all sectors, led by energy, banking and property, reporting positive results.

The Bank of Thailand remains confident that economic growth this year would not dip below 3 per cent, despite the surge in oil prices.

The Thai economy is expected to expand by 3.5-4.5% this year, according to the National Economic and Social Development Board (NESDB).

Bankers say the improving economy has led to an increase in both domestic and international investment, and this in turn will spur growth in syndicated loans this year.

Value-added tax expanded 9.8% from the same period last year, while consumer product imports rose 28.6%, according to the office's director-general Naris Chaiyasoot.

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