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 […]
Archive | Travel & Hotel
Room rates poised to spike 20%
November 22, 2011 in Thai Economy, Thai Industry News, Thai Stocks, Travel & Hotel
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
November 8, 2011 in Company News, Retail, Thai Industry News, Thai Stocks, Travel & Hotel
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
October 21, 2011 in Thai Economy, Thai Industry News, Thai Stocks, Travel & Hotel
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
October 13, 2011 in Real Estate, Thai Economy, Thai Industry News, Thai Stocks, Travel & Hotel
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
October 12, 2011 in Construction, Property Development, Real Estate, Thai Economy, Thai Industry News, Travel & Hotel
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
October 10, 2011 in Company News, Property Development, Thai Economy, Thai Industry News, Thai Stocks, Travel & Hotel
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
October 4, 2011 in Company News, Thai Economy, Thai Industry News, Thai Stocks, Travel & Hotel
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
September 29, 2011 in Finance & Banking, Thai Industry News, Thai Stocks, Travel & Hotel
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
September 27, 2011 in Finance & Banking, Thai Industry News, Thai Stocks, Travel & Hotel
“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 […]
