Listed property developer Sena Development (SENA) plans to launch a residential project in Pattaya next year, according to the Bangkok Post. The company will ask shareholders on December 27 to approve purchase of a 100 rai piece of land in Pattaya Country Club with an appraised value of almost THB2 billion (US$64.9 million). The decision [...]
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Room rates poised to spike 20%
Thai hotels could raise their room rates by up to 20% next year as current prices are lower than their competitors in neighboring countries, says the US-based Starwood Hotels and Resorts. Many in the country have plan a 5-10% increase, as rates have been frozen since late 2008 due first to domestic political instability and [...]
Leading retailers ensure supplies through distribution alternatives
Major retailers have adjusted their logistics and distribution strategies to ensure their stores do not run out of essential commodities during the flood crisis. Suwit Kingkaew, senior vice president of CP All, operator of 7-Eleven convenience stores, said the company had temporarily opened about 100 small distribution centres in shophouses throughout metropolitan Bangkok. It has [...]
TAT preparing to lure back tourists after floods
The Tourism Authority of Thailand is preparing measures to rejuvenate the tourism industry once the flooding subsides while reaffirming its visitor-arrival forecast of more than 15 million this year. TAT plans to invite more than 130 front-line operators from Singapore, Malaysia, Indonesia, Vietnam, India and Australia next month to visit Bangkok and other centres including [...]
Banana Walk announced for Patong beachfront
The owners of Patong Hotel and Banana Disco (Patong Beach Hotel Phuket Ltd.) have announced their ‘EAT,’ ‘SHOP’ and ‘PARTY’ plans for the new lifestyle shopping mall they are developing for a May 2012 opening on Patong Beach on Phuket. Aptly named Banana Walk, the 3-level beachfront shopping complex will feature a “modern, tropical” design [...]
Restructuring Ratchada
New business and luxury residential locations are springing up in Bangkok and investors are wasting no time in buying up the land. Ratchadaphisek Road is attracting companies such as American International Insurance (AIA) and the Thailand Stock Exchange. The construction of new offices on the north-south strip has a market value of THB80 million (US$ [...]
Rebranding brings Anantara to capital
The Bangkok Marriott Resort & Spa will be renamed the Anantara Bangkok Riverside Resort & Spa as of Nov 1 following completion of a 300-million-baht renovation of the south wing. The refurbished south wing will feature 175 rooms, down from 183 before as some rooms are being combined to form 10 new suites.General manager Francis [...]
Suvarnabhumi overcapacity worsens
Latest figures confirmed traffic through Suvarnabhumi Airport has well surpassed its design capacity and congestion will only get worse in the coming years. Passenger traffic for the fiscal year, which ended last month, exceeded 47 million. The airport was designed to handle 45 million a year, said Airports of Thailand Plc (AoT), the majority state-owned [...]
Stagflation looms next year: economist
Thailand, like other Asian countries, is likely to face stagflation next year, with lower economic growth against high inflation, in light of “debt monetisation” of advanced economies and growing demand in China, according to an economist. Kobsidthi Silpachai, head of market and economic research at Kasikornbank, said Thailand could witness slower growth in gross domestic [...]
SEC warns against panic selling
“The nosedives in the SET index, gold and silver prices are in line with global levels. The SEC has closely monitored the situation and would like to assure all of the stability of the trading, settlement and delivery system as well as the financial stability of facilities like the depository centre, securities companies, mutual fund [...]
Featured Posts
Featured Posts on Thaivest Thai Stocks, Trade & Investment Research.
Betagro aims for market leadership
Betagro Group has set itself an aggressive goal to become the pork-export leader through its five-year business plan to achieve ... ∞
Betagro Group has set itself an aggressive goal to become the pork-export leader through its five-year business plan to achieve ... ∞
Expansion ahead for Major Cineplex
Chairman Vicha Poolvaraluck said 26 of the screens would be developed at the Mega Bangna shopping complex in Bang Na ... ∞
Chairman Vicha Poolvaraluck said 26 of the screens would be developed at the Mega Bangna shopping complex in Bang Na ... ∞
Jay Mart dialling up growth in three markets
Jay Mart Plc was established on Dec 27, 1988 with registered capital of 2 million baht, initially selling electrical appliances ... ∞
Jay Mart Plc was established on Dec 27, 1988 with registered capital of 2 million baht, initially selling electrical appliances ... ∞
IVL supported by strong sales volumes
Indorama Ventures Plc is expected to show strong sales volume next year, with contributions from its 5 acquisitions made in ... ∞
Indorama Ventures Plc is expected to show strong sales volume next year, with contributions from its 5 acquisitions made in ... ∞
Saving remaining estates
The Kingdom's most powerful private-sector organisation has called for the government to protect the remaining industrial estates in the eastern ... ∞
The Kingdom's most powerful private-sector organisation has called for the government to protect the remaining industrial estates in the eastern ... ∞ - Pruksa takes great pride
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svend: I wonder why the Thai market doesn't follow the t...
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Manfred Miller: Same story, year after year, how about a proper ir...
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Stephen Gold: All this rise in gold prices seems to be fear driv...
