Business
Real estate developers’ confidence falls in Q2 2019
Real estate developers are also waiting for the government’s policy on real estate and housing development to be clarified.

The confidence index of real estate developers for the second quarter of this year has dropped to 42.2 points from 50.4 points for the first quarter.
The second quarter falls below the 50.0 point median index, reflecting developers’ declining confidence in the economic situation and investment in Thailand.
Real estate developers are also waiting for the government’s policy on real estate and housing development to be clarified.
The substantial drop in the confidence index for Q2 stemmed largely from a decline in the confidence index of listed real estate companies, from 52.2 points in the first quarter to 41.9 in the second quarter, against a 50.0 point median level.
The confidence index of non-listed real estate companies also fell to 42.7 points in the second quarter from 47.7 points in the first quarter.
Business
Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry
Last year, Thailand removed cannabis and hemp leaves from its list of banned narcotics (seeds and buds remain banned).

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry over the next five years, but farmers stand to make little from growing the herb, experts say.
Business
THAI airways to sell training center building to raise more funding
THAI airways has been hit hard by limited travel due to the COVID-19 pandemic, which comes as they were entered bankruptcy protection and sit on the verge of liquidation.

THAI airways is selling its Laksi training center building, in the Bangkhen district of Bangkok, its Nok-Air shares, its Bangkok Aviation Fuel Services (BAFS) shares and Boeing 737- 400 engines, after the bankruptcy court gave the go-ahead to do so.
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As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: US banks are expected to suffer US$318 billion in net loan losses by the end of 2022, according to Deloitte.
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