Artikel tagged “business”

  • Strong baht a concern for Thai hotel sector

    Strong baht a concern for Thai hotel sector

    by Bill Barnett Thailand’s baht performance against Asian currencies in 2018, was unmatched, with the exception of the Japanese yen. Commenting on the trend financial news Bloomberg have highlighted that in 2019, a further 4% in growth this year have it sitting at the top of the table.

  • Anti graft body raises concerns about contract bidding at Suvarnabhumi

    Anti graft body raises concerns about contract bidding at Suvarnabhumi

    “The private anti-graft watchdog called on Thai media and the public to keep a close watch on the conduct of the company calling for bids.” The Anti-Corruption Organisation of Thailand is expressing concerns over alleged lack of transparency in two major contracts under review at Suvarnabhumi Airport. In a statement issued yesterday, the private anti-graft watchdog called on Thai media and the public to keep a close watch on the conduct of the company calling for bids on the two projects, namely Airports of Thailand Company (AoT)

  • Airbus scales back in the UK and invests more in Thailand’s new aviation maintenance hub

    Airbus scales back in the UK and invests more in Thailand’s new aviation maintenance hub

    by Supalak Ganjanakhundee Uncertainty over Thailand’s political situation is apparently less of a concern for Airbus than the political uncertainties in the UK with Brexit looming. Whilst Airbus is pulling out some of its manufacturing in Britain, the European consortium is now looking to Thailand for new maintenance and repair facilities to help service the rapidly growing ASEAN aviation sector. European aircraft manufacturer Airbus, which first set up shop in Thailand more than 40 years ago, said the MRO (maintenance, repair and overhaul) sector offered enormous potential for the country’s aerospace business in the coming years.

  • Pattaya faces a condo oversupply

    Pattaya faces a condo oversupply

    Last year, Pattaya saw 10,239 condominium units launched with a combined worth of 55 billion bHT (USD1.7 billion), a huge jump from JUST 2,192 units in 2017. Phattarachai Taweewong, the Senior Manager of Collier’s research department, told Bangkok Post that a large portion of the homes remain unsold due to the massive supply last year, The research department’s research showed that new condo developments in the city should not exceed 5,000 units as more than 12,000 units remain unsold

  • Incentive travel the fastest growing segment in Asia Pacific events business

    Incentive travel the fastest growing segment in Asia Pacific events business

    PHOTOS: ttrweekly.com Responding to a study that says incentive travel is the fastest growing segment in Asia-Pacific’s events business, the Thailand Conventions & Exhibitions Bureau is adapting its game plan to tap into this lucrative market. Last week, TCEB hosted the premier event, SITE’s 2019 Global Conference in Bangkok, a worldwide association dedicated exclusively to growing incentive travel.

  • Burn baby burn – The Netflix cash strategy to stay on top

    Burn baby burn – The Netflix cash strategy to stay on top

    Netflix, the online TV streaming service, is gaining more viewers in the US and around the world, but is burning through astonishing amounts of cash in producing new content. In 2018 Netflix churned through $3 billion in losses. Negative cash flow that accelerated to $1.3 billion in Q4, more than double the year before

  • BOI approves new rail services, new port investment

    BOI approves new rail services, new port investment

    PHOTO: Duangjai Asawachintachit, BOI secretary general The Board of Investment of Thailand (BOI) has laid out strategies to boost the development of rail services and the country’s cruise tourism. Duangjai Asawachintachit, BOI secretary general, says the latest BOI meeting chaired by the Prime Minister had resolved to instigate measures to attract investment in rail development and related infrastructure for continued economic growth.

  • Medical cannabis crops to be tightly controlled

    Medical cannabis crops to be tightly controlled

    The Thai narcotic control board head says that only Thai citizens who join hands with the government will be allowed to cultivate medical cannabis. The board yesterday stressed that growers of the potentially lucrative crop must be cooperatives, community enterprises or social enterprises made up of citizens – and not private companies. Their business will be under the scrutiny of state agencies, must cooperate with those agencies, and must be run by Thai nationals, said the Narcotics Control Board Office secretary-general, Niyom Termsrisuk

  • Pabuk: Koh Tao awakens to ‘business as usual’

    Pabuk: Koh Tao awakens to ‘business as usual’

    Our Koh Tao ‘man on the spot’, Adrian, says that the island currently has heavy rains with some wind, and thunder but that wind is not currently strong.

  • Bank of Thailand ups policy rate to 1.75 percent,  first rise in 7 years

    Bank of Thailand ups policy rate to 1.75 percent, first rise in 7 years

    The Bank of Thailand has increased its policy rate by 25 points, up from 1.50 percent to 1.75 percent. It’s the first rise in seven years. The Monetary Policy Committee voted 5:2 to raise the one-day repurchase rate to 1.75 percent with immediate effect after the rate was kept unchanged for seven years, noting that the need to depend on relaxed monetary policy has subsided and it is necessary to reduce the risk of financial stability and to build up policy space in the future