THAI sees return to profit on the horizon- Thai Airways International’s board of directors on Friday will discuss details of the 5-10 business restructuring plan, including the target to cut this year’s expenses by as much as Bt11.84b and the purchase of new aircraft. THAI acting president Narongsak Sangapong said the plan would also include measures [...]
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Thai Airways sees return to profit on the horizon (The Nation)
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Property-tax review likely to suit new law (Bangkok Post)
Property-tax review likely to suit new law- Existing property-related taxes should be overhauled to help reduce the burden on the public after the new land and building tax is implemented, said Klaew Thongsom, head of the Treasury Department’s property valuation bureau. Property buyers and sellers are now subject to five types of taxes, including stamp taxes, income [...]
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Hotel occupancy down across Asia
Hotel statistics released last week by Smith Travel Research indicated that Bangkok and Phuket were among the Asia-Pacific cities reporting the highest declines in occupancies and average room rates in June 2009 over June 2008. Of the four regional markets that reported occupancy decreases of more than 20%, Bangkok was ahead with a fall of -31.6% to [...]
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Production improvement from exports in June
Production improvement from exports- June indicators confirmed modest recovery in production. Manufacturing production rose 3%MoM, another positive growth for the past five months. On a yearly basis the index fell 7.8% vs 10% fall in May. Production improvement confined to hard disk drives, canned seafood and electrical appliances from pick up in exports. Auto production improved [...]
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Tour booking rise spurs hope
e Association of Thai Travel Agents expects tourism to start picking up in the second half after a revival in advance bookings from short-haul travellers.
H1N1 could knock 2.2 percentage points off Thai economy
The H1N1 flu pandemic could cause the economy to contract by 2.2 percentage points this year in a worst-case scenario, the Fiscal Policy Office says.
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Central Department Store trims sales growth target
Central Department Store has cut its sales growth target this year to between 5% and 6% from 9% earlier because of several negative factors.
Thai Bank NPL fell slightly
The banking system’s nonperฌforming loans eased to 5.37 per cent of total loans last month from 5.5 per cent in May and 5.48 per cent in March, indicating improving ecoฌnomic conditions.
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