PHUKET: The tunnel that will become the Chalong Underpass has now been fully excavated and the construction engineer for the project still hopes that the underpass will be open to traffic in April. Somkiet Yimpong, Project Manager at the Phuket office of the Highways Department, told The Phuket News yesterday
Britain’s biggest banks are preparing to relocate out of the UK in the first few months of 2017 amid growing fears over the impending Brexit negotiations, while smaller banks are making plans to get out before Christmas. The dramatic claim is made in the Observer by the chief executive of
I’m going to give you some advice I wish someone had given me when starting out, about making your first few sales online. The first and very most important thing for any startup business is to focus ALL your energy on getting your first few sales, because those first sales
INDUSTRIES AND MANUFACTURING IN THAILAND Manufacturing and industry have played a significant role in Thailand’s economic growth. Since most manufactured products are export items they bring tremendous amount of income to the country each year. Major Industries include: tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such
The Phuket condominium market is expected to rise in line with a recovering economy and the growing population of the island. Increasing supply and higher selling prices will be the key drivers, while demand is forecast to improve slightly. Local developers and joint ventures will be key players in the
London’s financial services industry is already planning to move business overseas due to the uncertainty of the Brexitprocess, the head of the British Bankers’ Association has warned. Anthony Browne blamed fears that European Union (EU) politicians will want to erect trade barriers in an attempt to weaken the City of
According to Juniper Research, the global ride sharing market is estimated to grow to $6.5 billion by 2020 from $3.3 billion in 2015. North America is the biggest region in the industry and is expected to account for a third of the market share. Western Europe and Asia-Pacific, excluding Far
GDP From Construction in Thailand increased to 77237 THB Million in the fourth quarter of 2016 from 66489 THB Million in the third quarter of 2016. GDP From Construction in Thailand averaged 58891.02 THB Million from 1993 until 2016, reaching an all time high of 103692 THB Million in the
Real estate’s reputation as a valuable investment asset strengthens further in the Thai capital Bangkok’s property market is going from strength-to-strength, according to DDproperty’s latest Property Index. The Thai capital has displayed price growth with an eight-point increase from 205 to 213 in the first quarter of 2018. This growth
A long-discussed plan to offer five-year visas for foreigners was floated again Tuesday by the nation’s top tourism official. Visas to facilitate those staying for extended periods would make Thailand more competitive with neighbors such as Malaysia, where 10-year visas are available, according to Minister Kobkarn Wattanavrangkul, who said the
The smartphones that sit uncomfortably inside our pocket are now more powerful than the large desktop computers from 10 years ago. However, many people will tell you that these fantastic advances in technology are not always a sign of progress. For example, anyone that remembers the days when the tank
Located in the heart of Southeast Asia, Thailand has served as a trade and business hub for centuries. It was a buffer zone between colonial powers because of its strategic location. As a result, it was the region’s only nation that wasn’t colonized. Thailand (and its property market) is still able
The city is sorely lacking in green space per capita Thai architects are partnering with the government on plans to turn Bangkok and other big urban areas into “public cities for all,” with green spaces that are commensurate with the needs of their inhabitants, The Nation reported. The Thai Association
Thailand has come a long way in recent years, perhaps a lot further than what many people might imagine. The economy has seen steady growth over the last 25 years with this expected to continue at between 2.9% and 3.3% between 2016 and 2018 according to The World Bank. This
The Condominium Act of 1979 is restrictive of foreign ownership of condominiums in Thailand, but generally allows it for foreigners who permanent residents, or those who have entered the country on an investment promotion visa, or for those who have fulfilled certain requirements related to the transfer or withdrawal of
Chinese demand for real estate in Thailand is at an apogee, but the Beijing government’s drive to control capital flight could hinder such demand, according to a new report by Financial Times Confidential Research (FTCR). Surveying 108 investors, FTCR found that Chinese buyers, mostly only “moderately wealthy” and put off by skyrocketing
Hillside and cliffside developments in the Thai island require careful planning Developers who want to build on vantage points, promontories, and other plots of significant terrain in Phuket will need to contend with the government’s new environmental regulations for the touristy Thai island, a leading hospitality consultant said. Under rules issued
Bangkok is the ever pulsing heart of investments and development in Thailand. Demand for homes close to the mass transit system is expected to grow strong. More consumers will express interest in developments near the city’s edges, prioritising locations close to the BTS and MRT stations for commuting convenience. When
Setting Up Company Partnerships under Thai Law Siam Legal International | October 10, 2016 | Business in Thailand, Civil and Commercial Law, Company Law, Company Registration The Civil and Commercial Code of Thailand provides for the formation of partnerships as is found in the laws of other countries. However, partnerships
There’s more to life than money, and the same goes for buying real estate. In an increasingly unstable and uncertain world of shifting political regimes, climate patterns and economic powers, many investors are finding themselves asking what constitutes real value. Most societies have historically measured worth in concrete financial statistics:
All eyes on the Andaman as the nation’s second-highest office issues directive on the ‘Riviera’ The coast of mainland Thailand facing the Andaman Sea has got the shorter end of the tourism stick, compared with its eastern counterpart. Addressing this imbalance, the Tourism and Sports Ministry will be proposing the Riviera
The Icon Siam Shopping Mall has been called the “Mother of All Malls” and it is set to open in 2017. With two towers, 80,000 square meters of land, a conventional hall, a condominium and much more – it will be an enormous retail and dining experience that will dominate
Shareholder meetings play an important role in the governance of Thai limited companies since the Civil and Commercial Code require that limited companies be managed by the directors under the control of meetings of the shareholders (called “general meetings” in the Code). The primary instrument used by the general meetings
Changes to deposit protection limits on bank accounts in Thailand may give a boost to property investments even as there are warnings of speculation at the high end of the market for condominiums. In early April the Governor of the Bank of Thailand issued a warning about the potential of