Sunday, November 28, 2021

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Thailand Business News

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Thailand Business News is a comprehensive news service about Thailand with a business and financial perspective edited in Bangkok by Siam News Network

Bangkok office rent still among World's Cheapest

According to CBRE study, Bangkok rank 151 st among 179 countries with an occupancy cost of 694 Baht per square meter. Djakarta has the...

Pattaya developer Nova trusts in low-price strategy

The Pattaya-based developer Nova Group hopes low pricing will drive sales of its new 1.2-billion-baht The Cliff condominium in Pattaya, says the group's owner,...

UN report provides year-end snapshot of Asia-Pacific's recovery

As 2009 draws to a close, ensuring sustained recovery in the new global economic panorama has brought greater prominence to the role of regional cooperation in Asia and the Pacific, and of the need for the region to drive its own development in order to act as an anchor for global recovery in the future, according to a year-end update of the Economic and Social Survey of Asia and the Pacific 2009, which will be launched on Monday, 30 November, at 11 a.m., at FCCT in Bangkok.

Rice traders turning to Euro to avoid dollar weakening

Thai rice exporters are expected to gradually shift to trading in euro to mitigate the impact of the US dollar's continued weakening against the...

AirAsia to list in the Stock Exchange of Thailand (SET)

The Malaysia-based no-frills airline group AirAsia and its sister Thai airline have set their sights on separate listings on the Stock Exchange of Thailand (SET) to raise fund to support their aggressive expansion plans. On 27 December 2006, AirAsia's CEO Tony Fernandes unveiled a five-year plan to further enhance its presence in Asia. In the plan, AirAsia will strengthen and enhance its route network by connecting all the existing cities in the region and expanding further into Indochina, Indonesia, Southern China (Kun Ming, Xiamen, Shenzen) and India. The airline will focus on developing its hubs in Bangkok and Jakarta through its sister companies, Thai AirAsia and Indonesia AirAsia. Hence, with increase frequency and addition of new routes, AirAsia expects passenger volume to hit 18 million by end-2007.

Obama's New Deal in Southeast Asia

Barack Obama aknowledged yet another break with his predecessor's foreign policy when he began his first presidential trip to Asia. There have been concerns that the U.S., the world's biggest economy, and other nations might turn inward as they grapple with the worst global financial crisis in decades. News that the U.S. would participate in the Trans-Pacific Partnership, joining Chile, New Zealand, Singapore and Brunei, was announced in Tokyo and Singapore, drawing applause at the annual Asia-Pacific Economic Cooperation forum.

AIS profit dips 7.7% but mobile leader beats forecasts

Advanced Info Service Plc said yesterday that its third-quarter net profit declined 7.7% from a year earlier because of the weak economy. The country's...

Will Thailand ever get a 3G Network ?

Mobile phones and iPhone 3G are available since nearly a year in Thailand, but the implementation of the third generation network, has been considerably delayed. Bureaucracy and pressure from the public operator TOT have managed to block the allocation of frequencies, once again postponed to spring 2010.

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