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BUSINESS

The blessing of black

Business, Chatrudee Theparat, Published on 15/01/2018

» Many people believe black brings bad luck, refusing to buy expensive clothes in the colour or dress in it for weddings or auspicious events.

BUSINESS

Baht crosses over 32 benchmark

Business, Somruedi Banchongduang and Wichit Chantanusornsiri, Published on 13/01/2018

» The baht extended its gains on Friday, trading at below 32 to the US dollar and ending the first two weeks of the year up 2%, while exporters have asked the central bank to take measures to put the baht in line with its trade counterparts to retain a competitive advantage.

BUSINESS

Banking on the greater good

Business, Post Reporters, Published on 13/01/2018

» William McChesney Martin Jr, who was chairman of the Federal Reserve for 19 years, famously quipped that his job was to take away the punch bowl just when the party got going. Those words have come to embody the work of a central banker, who at times must implement unpopular measures for the sake of the greater good.

BUSINESS

Pruksa rolls out projects in phases to reduce risk

Business, Kanana Katharangsiporn, Published on 12/01/2018

» Despite steady growth in a luxury condo market dominated by large developers, Pruksa Real Estate Plc, a property development subsidiary of SET-listed Pruksa Holding Plc (PSH), is opting for a cautious strategy by launching new high-priced projects in phases to reduce risk and avoid oversupply.

BUSINESS

Grande Centre Point expands for tourism

Business, Suchat Sritama, Published on 12/01/2018

» Grande Centre Point Group of Hotels plans to see an increase in revenue to 2.4 billion baht this year thanks to the buoyant tourism industry.

BUSINESS

State keen to retain border trade growth

Business, Phusadee Arunmas, Published on 11/01/2018

» Thailand's border trade is expected to grow 10-14% this year from an estimated 1.6 trillion baht in 2017, driven by growing demand for Thai goods, underlining the importance of partnerships on trade and investment as well as working to improve trade with minor cities in neighbouring countries.

BUSINESS

City Realty dusting off vacant lots

Business, Kanana Katharangsiporn, Published on 11/01/2018

» Cautious property developer City Realty Co, owned by Chali Sophonpanich, plans to brush up a vacant eight-rai plot on Wireless Road to co-develop a luxury project with Hong Kong-based developer HKR International Ltd (HKRI).

BUSINESS

TNSC: Rebound to continue

Business, Phusadee Arunmas, Published on 10/01/2018

» Thailand's exports are expected to grow 5.5% this year after a strong rebound last year, says the Thai National Shippers' Council (TNSC).

BUSINESS

Real estate tracks resurgent economy

Business, Surachet Kongcheep, Published on 10/01/2018

» The overall Bangkok property market in 2017 was very interesting, especially in terms of new condominiums launched, with the total of 56,000 units the highest in several years. As well, joint ventures between Thai and foreign developers, particularly Japanese, are shaking up the market, as is the growing number of large mixed-use projects being announced.

BUSINESS

TCG plan to hike SME credit access

Business, Wichit Chantanusornsiri, Published on 09/01/2018

» The state-owned Thai Credit Guarantee Corporation (TCG) plans to extend its credit guarantee service for leasing and factoring offered by non-bank companies from this quarter, in a move to give small and medium-sized enterprises (SMEs) better access to finance.