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BUSINESS

High-speed rail linking 3 airports wins first nod

Online Reporters, Published on 26/02/2018

» The Eastern Economic Corridor Board has approved in principle a 260km high-speed train project seamlessly linking Suvarnabhumi, Don Mueang and U-Tapao airports at a cost of 200 billion baht.

BUSINESS

REIC: Bangkok's vacant plot prices rise 13.2%

Business, Published on 26/02/2018

» The Real Estate Information Center (REIC) says the vacant land price index in Greater Bangkok last year was 165.6, a gain of 65.6 points from 2012, the base year, and increase of 13.2% from 2016.

BUSINESS

Stuck in traffic

Asia focus, FT Confidential Research, Published on 26/02/2018

» Congestion was a major political issue in the 2016 Philippine presidential race, which President Rodrigo Duterte won partly on a promise to tackle it. But Filipinos expect the roads to become clogged further as Mr Duterte's infrastructure projects encounter delays.

BUSINESS

Condo market on a rollercoaster

Spectrum, Kanana Katharangsiporn, Published on 25/02/2018

» Drive past Sukhumvit-Asoke intersection and you may notice a new billboard has come up in the past few days advertising a special discount for buyers of a high-end condominium project on Sathon Road that until recently was being touted as having been 100% sold out.

BUSINESS

SME Bank aims for 1m clients in 3 years

Business, Wichit Chantanusornsiri, Published on 24/02/2018

» The state-owned Small and Medium Enterprise Development Bank of Thailand (SME Bank) has set an ambitious goal of increasing the number of customers to 1 million within three years.

BUSINESS

Khon Kaen's Mice plan gets official backing

Business, Suchat Sritama, Published on 23/02/2018

» The Thailand Convention and Exhibition Bureau (TCEB) and the Tourism Authority of Thailand (TAT) are set to work on Mice campaigns to boost visitors to Khon Kaen province.

BUSINESS

Mass transit to shape market

Business, Kanana Katharangsiporn and Chatrudee Theparat, Published on 22/02/2018

» Eleven new mass transit lines citywide spanning 480 kilometres will change the property landscape and urban lifestyles in the next decade, say property analysts.

BUSINESS

Developers storm Ratchayothin

Business, Surachet Kongcheep, Published on 22/02/2018

» One of the most popular locations for condominium development in Bangkok in the past year has been the area around the Ratchayothin intersection. While the area has always been a popular residential location, condo development peaked in 2009-10 and then went quiet until 2017, with more activity also foreseen this year.

BUSINESS

1.6 Development looks to lay luxury cornerstone

Business, Jesus Alcocer & Srisamorn Phoosuphanusorn, Published on 21/02/2018

» Tanyatip Chearavanont is betting her eight-month-old real estate firm, 1.6 Development, can take on the country's large players in the ultra-luxury sector as it launches a 5.5-billion-baht mixed-use project at the entrance of Soi Thong Lor in 2021.

BUSINESS

5% cap proposed in windfall tax bill

Wichit Chantanusornsiri, Published on 19/02/2018

» The new windfall tax will likely be capped at 5% of the increases in land valuations before and after a state project is built in an area, according to a tax official.