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THAILAND

Stiglitz Advocates for Economic Freedom Rooted in Humanitarianism

Published on 22/10/2024

» The world is changing rapidly, and the natural world is being absorbed by ever-increasing consumption. Simultaneously, technology is playing a growing role in shaping the economy, society, and inequality. 

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PROPERTY

Eastern Corridor demand driving growth in industrial land market

Kanana Katharangsiporn, Published on 22/10/2024

» The serviced industrial land market in the first half of 2024 experienced growth across the board, with increases in new supply, land sales, sales rates and asking prices, primarily driven by demand in the Eastern Economic Corridor (EEC).

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GENERAL

BytePlus mulls new data centre in Thailand

Business, Suchit Leesa-nguansuk, Published on 22/10/2024

» BytePlus, a subsidiary of ByteDance, is considering establishing a data centre in Thailand in 2025 to offer cloud and artificial intelligence (AI)-based services, said a source familiar with the company.

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GENERAL

Boost seen from Thai Airways rehab exit

Business, Nareerat Wiriyapong, Published on 22/10/2024

» Creditors of Thai Airways International (THAI), especially Bangkok Bank (BBL) and Krungthai Bank (KTB), will receive a boost from the national carrier's planned exit from its rehabilitation plan in mid-2025 as the banks are being given multiple options for debt repayment, analysts say.

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TRAVEL

NH Bangkok Sukhumvit Boulevard opens

Guru, Nianne-Lynn Hendricks, Published on 21/10/2024

» Minor Hotels, in partnership with Boulevard Hotel, has opened NH Bangkok Sukhumvit Boulevard, which marks its debut in Bangkok.

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GENERAL

Vietnam premier sees 2025 economic growth at 6.5% to 7%

Published on 21/10/2024

» Vietnamese Prime Minister Pham Minh Chinh projects the nation’s economy will grow 6.5% to 7% in 2025 and says the government will push for expansion of 7%-7.5%, according to a post on the government’s website.

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INVESTMENT

Falling interest rates to benefit Thai banks

Nuntawun Polkuamdee, Published on 21/10/2024

» As global interest rates are clearly on a downward trend, with the Bank of Thailand expected to cut its policy rate again in December, banking stocks should benefit, according to analysts.

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GENERAL

BoT says slowdown won't lead to loan contraction

Business, Somruedi Banchongduang, Published on 21/10/2024

» The Bank of Thailand expects lending in the banking sector will not contract this year despite a slowdown based on ongoing debt deleveraging.

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GENERAL

Minister pushes strategic currency management

Business, Wichit Chantanusornsiri, Published on 21/10/2024

» As Thailand is an export-led economy, effective currency management strategies are essential to bolster its export activities, says Finance Ministry Pichai Chunhavajira.

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GENERAL

Gold hits Thai record high amid global turbulence

Business, Nareerat Wiriyapong, Published on 19/10/2024

» Domestic gold prices are on course to surpass 43,000 baht per baht weight, after hitting a record high of 42,400 baht on Friday, while global prices could reach US$2,800 an ounce later this year based on growing geopolitical conflicts and global interest rate cuts, says the Gold Traders Association (GTA).