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Thai Business News
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Saturday, 10 February 2007 |
 Thailand sold 16.6 billion baht (US$461 million) worth of beach-front condominiums last year, of which 49 percent were sold in Pattaya, according to Nigel Cornick, chief executive officer for property developer Raimon Land. Cornick said Pattaya remains Thailand's top seller in the luxury condominium market because of its proximity to Bangkok and the Eastern Seaboard, Thailand's main industrial corridor, plus its attractiveness as an investment. There are some 315 housing and condominium projects, with 40,466 rooms, currently underway in the Pattaya vicinity. However, Cornick acknowledged that it was still too early to judge the impact of recent changes in Thai property law that are likely to take some of the wind out of Pattaya's booming real estate market.
dpa German Press Agency
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Thai Business News
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Friday, 02 February 2007 |
 In this interview with Time magazine, former Prime Minister Thaksin Shinawatra said he disagreed with the junta's recent controversial economic policies including capital controls and the proposed changes to the Foreign Business Act. "No one can adopt protectionism anymore," Thaksin said. "Thailand has to be ready for globalization—you cannot turn your back on it. Anything that reverses what is already very open will cause confusion and uncertainty. This is when investors pull out." Thaksin also said that the current regime wanted to take the country backward and away from its push to become a more knowledge-based society.
Time
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Thai Business News
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Thursday, 01 February 2007 |
Because of the government-imposed currency and foreign-investment curbs, automaker Ford could cancel its planned US$1 billion investment to build a new factory and upgrade existing facilities in Thailand. "[The coup and the economic measures] make it extremely difficult to do business in a globally competitive environment," said Steve Biegun, Ford's vice president for international government affairs. "What we need in our business is predictability." Ford will decide where to invest the earmarked US$1 billion in the first half of this year, Biegun said, citing China and India as alternative investment destinations.
Bloomberg
International Herald Tribune
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Thai Business News
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Thursday, 01 February 2007 |
Brian Lawler said in this article that Thailand is making a mistake in allowing either the manufacture or importation of generic versions of Abbott's HIV treatment Kaletra and Sanofi-Aventis' blood clot drug Plavix, even though the drugs are still under patent protection and producing generic versions would be illegal in many countries. The annual health care cost savings would amount to just $24 million per year, but would greatly damage the perception of how the country treats intellectual property rights and patents, Lawler said.
The Motley Fool
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Thai Business News
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Wednesday, 31 January 2007 |
Thailand has received the lowest grade in a survey of the business sentiment of five ASEAS countries by the Japan External Trade Organization. Singapore scored the highest on the survey, followed by Indonesia, the Philippines and Malaysia, respectively. Thailand’s poor performance was attributed to rising production costs, larger wage bills, a slowdown in domestic consumption and investment, rising oil prices, baht appreciation and political instability.
Bangkok Post
MCOT
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