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Search Result for “strait of hormuz closure”

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PROPERTY

Prospect sees e-commerce driving warehouse demand

Business, Kanana Katharangsiporn, Published on 09/04/2026

» Industrial estate developer Prospect Development expects greater diversification among global suppliers relocating to Thailand, alongside continued growth in e-commerce, to drive demand for ready-built factories and warehouse space.

PROPERTY

Construction, property shift tactics

Business, Kanana Katharangsiporn, Published on 07/04/2026

» The construction and property sectors are being forced to adjust strategies and build greater resilience to cope with volatile energy prices, as the Middle East conflict drives up both energy and construction material costs, according to Siam Commercial Bank Economic Intelligence Center (EIC).

PROPERTY

Developers suffer in Q1 amid stagnant economy

Business, Kanana Katharangsiporn, Published on 22/05/2025

» Nearly all Stock Exchange of Thailand (SET)-listed residential developers with quarterly revenue of at least 2.5 billion baht reported year-on-year declines in both revenue and net profit in the first quarter, mainly due to the economic slowdown and higher mortgage loan rejection rates.

BUSINESS

Frasers Property seeks 11% annual revenue growth

Business, Kanana Katharangsiporn, Published on 28/01/2025

» As risks and uncertainties persist in 2025, SET-listed developer Frasers Property (Thailand) (FPT) aims to maintain investments and new project launches at last year's levels, targeting 11% annual revenue growth to 16 billion baht.

PROPERTY

Residential sales in EEC areas dip as factories shutter

Kanana Katharangsiporn, Published on 30/09/2024

» New sales of residential units in the Eastern Economic Corridor (EEC) provinces, particularly in areas near industrial estates, continued to decline in the second quarter of 2024 because of factory closures.

PROPERTY

UHG allots B1bn for two mid-tier hotels

Business, Kanana Katharangsiporn, Published on 01/08/2024

» Commercial property developer UHG will invest 1 billion baht to expand with two new mid-tier hotels on Sukhumvit Soi 8 and Pradipat Road, banking on robust tourism demand in this segment, which has boosted revenue growth post-pandemic.

BUSINESS

O2E Supply expects 65% growth in sales

Business, Kanana Katharangsiporn, Published on 14/06/2022

» O2E Supply Co, an importer of high-end engineered wood for flooring and decorative interior walls, expects sales growth of more than 65% this year, driven by a robust luxury residential market.

BUSINESS

BTS ridership to exceed pre-Covid level

Business, Kanana Katharangsiporn, Published on 10/06/2022

» The reopening of schools, a rebound in foreign tourist arrivals and the full operation of extension sections should increase skytrain ridership to exceed pre-pandemic levels, according to BTS Group Holdings Plc.

BUSINESS

CNT slashes 2022 revenue expectations

Business, Kanana Katharangsiporn, Published on 25/05/2022

» SET-listed contractor Christiani & Nielsen Thai (CNT) downgraded its 2022 revenue target by 5% to 6.2 billion baht, after it won a disappointing number of new contracts in the first five months of this year.

BUSINESS

Condo sector remains stuck in doldrums

Business, Kanana Katharangsiporn, Published on 30/08/2021

» Anti-government protests that turned violent are expected to impact condo demand from foreign buyers, even though some relaxation of lockdown restrictions next month may help lift overall sentiment, according to property consultancy Edmund Tie & Co Thailand.