Tag Archives: Thailand Investments

The Erawan Group plans to sell Ploenchit Center to SCB Asset Management for Bt1.4b to help improve its financial performance this year, said its chief financial officer, Kamonwan Wipulakorn.

Thai Stanley Electric, a leading Thai manufacturer of lights for the automotive industry with a Japanese parent company, believes the quake and tsunami disaster in Japan will not affect its operations in Thailand. The company imports only one raw material from Japan, said Apichart Leeissaranukul, executive vice president of Thai Stanley Electric, adding that stocks of the item would last until the end of the month.

Thai Union Group joined The Royal Thai Government's disaster relief campaign to help the victims of the devastating earthquake and tsunami in Japan by presenting 200,000 cans of tuna products to Thai Prime Minister Abhisit Vejjajiva during a ceremony.

Luxury property developer Raimon Land has announced the forthcoming opening of Vue, a boutique fusion mall adjacent to The River, its prestigious development along the Chao Phraya. Located by The River's main road entrance on Charoen Nakorn Road, Vue will be completed by the end of the year, before The River's owners and tenants move in to their units during the course of 2012.

Property firms have enjoyed a high rate of presales in the first quarter of this year despite the Bank of Thailand's measure limiting loans to 90% of the value of condominium units, which came into force on January 1. A survey by The Nation early this week found that the top 10 listed property developers recorded presales worth nearly Bt40 billion between January 1 and the middle of this month.

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.