The era for big multinational companies trying to buy something cheaply in Thailand is over, as there are now local conglomerates that can fight against them with the same money power. Thai Beverage, the country’s largest brewer and distiller, last Friday reached an agreement to buy PepsiCo’s shares in Serm Suk for Bt15.4 billion. The […]
Tag Archives | Bangkok Investments
Thailand’s competitiveness ranking slips to 39th
September 14, 2011 in Thai Economy, Thai Industry News, Thai Stocks
Thailand’s competitiveness ranking further slid, weighed down mainly by the poor political instability which led to poor infrastructure and poor innovation, according to the Global Competitiveness Report 2011-2012 released by the World Economic Forum. Out of 142 economies, Thailand is ranked the 39th, falling one place from the previous year and the 36th in 2009. […]
Rates to rise for first time in four years
September 14, 2011 in Property Development, Real Estate, Thai Economy, Thai Industry News, Thai Stocks, Travel & Hotel
Thai hoteliers plan to raise their room rates by 8-10% next year, the first time in four years, to offset rising costs as more perceived local political stability is making tourists more confident, says the Thai Hotels Association (THA). Normally hotel room rates go up around 5-10% on average per year, but political turmoil from […]
Demand for commercial real estate thrives in Bangkok
September 14, 2011 in Construction, Real Estate, Retail, Thai Economy, Thai Industry News, Thai Stocks
While purchasing a property in Bangkok’s central business district might cost a fortune, income-producing properties are still in demand, says the property consultancy agency CB Richard Ellis (CBRE). A recent article by the Bangkok Post indicated that many investors are purchasing income-producing property in Bangkok’s urban districts ranging from Sathorn to Phetchaburi Road. The Sofitel […]
Banpu buys remaining shares in Mongolian miner
September 13, 2011 in Company News, Energy & Resources, Thai Economy, Thai Industry News, Thai Stocks
At the price of A$1.8 per share, it offers a 30 per cent premium over the closing price as of Sept 8 at A$1.385 and 50 per cent premium over the 1-month average. In a statement to the Stock Exchange of Thailand, the Board of Directors of Hunnu, which is listed on Australia’s stock exchange, […]
U.S. Polo Assn takes a swing at Asia
September 13, 2011 in Company News, Retail, Thai Economy, Thai Industry News, Thai Stocks
The economic recession in its homeland has led the U.S. Polo Assn brand to shift its focus to Asia, as it aims to double its business in this region within the next five years. “We believe Thailand, Vietnam and the Philippines will have tremendous growth over the next five years when the Asean Economic Community […]
Top End condo prices keep rising
September 13, 2011 in Construction, Property Development, Real Estate, Thai Economy, Thai Industry News, Thai Stocks
Real-estate firm points to increased land, construction, labour costs Real-estate services firm Jones Lang LaSalle believes that prices for top-end condominium units in Bangkok will rise further, despite strong competition. This is because developers are well capitalised and remain confident that rising development costs and product quality justify the higher prices. Although foreign interest has […]
Government plans upgrade for buses and trains
September 12, 2011 in Law & Regulations, Politics, Property Development, Thai Economy, Thai Industry News, Thai Stocks
Deputy Transport Minister Chatt Kuldiloke last week vowed to upgrade the country’s railway network as his first priority, besides the procurement of 4,000 NGV buses. “I think the railroads must be changed substantially as they do not meet the [international] standard,” he said. In an interview with The Nation, Chatt conceded that he is close […]
Pruksa Real Estate Plc, Ariva Hospitality to offer serviced apartments
September 12, 2011 in Company News, Construction, Property Development, Real Estate, Thai Economy, Thai Industry News, Thai Stocks, Travel & Hotel
With an aim to clear unsold units, Pruksa Real Estate Plc has joined with Singaporean serviced apartment operator Ariva Hospitality to offer a rental programme to buyers of its high-end Ivy Thonglor condominium and future units. According to the Bangkok Post, Prasert Taedullayasatit said under the new programme remaining units will be more attractive for […]
Sathorn Square Office Tower leases unit to Canon
September 7, 2011 in Company News, IT & Electronics, Property Development, Real Estate, Retail, Thai Industry News, Thai Stocks
Golden Land Property Development Plc, the developer of Sathorn Square Office Tower recently announced the tenancy of Canon. The 40-storey Sathorn Square Office Tower opened earlier this year and is located in the central business district of Sathorn. The office tower has 2,000 sqm of office space per unit and features state of the art […]
