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Thai Business News
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Wednesday, 10 January 2007 |
Thailand's government on Tuesday went ahead with new rules on business ownership and voting rights for foreign companies operating in the country. The revised rules allow foreign firms two years to reduce their controlling voting rights in Thai-registered companies to less than 50 percent. The move comes as a second blow to foreign investors, who are still reeling from the central bank's decision last month to introduce some controversial capital controls on the baht.
Reuters
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Thai Business News
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Tuesday, 09 January 2007 |
Members of Thailand’s foreign business community on Monday urged the government to reconsider harsh revisions to the country’s foreign investment laws. International companies and foreign governments are worried by rumors that Thailand is preparing to alter its definition of what constitutes a foreign-owned or Thai-owned company. In response, Commerce Minister Krik-krai Jirapaet said the foreign business community should wait to comment on the matter until after details about the revisions are announced on Tuesday.
Financial Times
Bangkok Post
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Thai Business News
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Monday, 08 January 2007 |
Construction is set to begin on the Ocean 1 Tower at the Jomtien waterfront, near Pattaya. Once completed, the 327-meter-tall residential tower will become the tallest building in the country. The building, which is being developed by Eastern Seaboard property firm Siam Best Enterprises, will feature 611 condominiums, a shopping centre with a supermarket and specialty shops, and a variety of restaurants and cafes.
Asia Property Report
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Thai Business News
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Friday, 05 January 2007 |
Moody's Investors Service said it would retain its 'stable' rating outlook for Thailand, despite the wave of bomb attacks over the New Years holiday. "Concerns would be heightened if the attacks prove to be an escalation of the separatist insurgency - though neither the identity nor the motive for the latest attacks are known at this point - or if the attacks signal the onset of a violent backlash from the September military coup," said Thomas Byrne, Moody's vice president. Byrne also said that renewed confidence in Thailand's democratic and constitutional institutions would help strengthen long-term economic and financial stability in the country.
The Nation
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Thai Business News
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Sunday, 31 December 2006 |
Bank of Thailand Deputy Governor Bandid Nijathaworn said growth in 2007 would depend on external factors including the global economy and how this will affect Thai exports. Bandid also said that if the domestic economy and investment improve, banks would be able to increase their lending. Bandid stressed that it was important for investors to embrace risk management on capital inflows.
TNA
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