Investment
Thailand Investment MarketView Q2 2011 (CBRE )
The Bank of Thailand continued to increase the policy interest rates, during this quarter there were two increases by 25 bps each time to 3% per annum. Inflation continues to be a major risk factor for the Thai economy.
Overall investor sentiment remains positive. There was healthy demand across all sectors for income producing properties. Demand for land was still strong, although not as strong as the beginning of the year due to developers being more cautious about new condominium projects.
During this quarter, there were several major land and property transactions and we expect more transactions to occur later this year with the Crown Property Bureau to auction the rights to a 30-year lease on a 1 rai 1,600 sq. m. site located close to Phayathai-Ratchatewi BTS station and the Financial Institutions Development Fund FIDF re-auctioning their 33 rai site on Ratchadaphisek Road.
During this quarter, there were several major land and property transactions
The Bank of Thailand continued to increase the policy interest rates, during this quarter there were two increases by 25 bps each time to 3% per annum. Inflation continues to be a major risk factor for the Thai economy.
This quarter, there were no significant changes to yields for property investments despite the increase in interest rates, however yields for 1-yr government bonds and 12-months fixed deposit rates increased strongly during this quarter and if this pattern continues property investments may be less appealing to investors in the future
Business
Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)
The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.
The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.
Asean
Indonesia’s Omnibus Law: Positive Investment List and the Liberalization of Business Sectors
Examples of non-fiscal incentives are the provision of supporting infrastructure, simplified business licensing procedures, and the guaranteed energy supply or raw materials.
In the first of ASEAN Briefing’s Indonesia’s Omnibus Law series, we analyze Presidential Regulation 10 of 2021 (PR 10/2021) on business fields open to investment — also dubbed as the positive investment list. The regulation comes into effect on March 4, 2021.
Investment
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.
Thai fruit exports to FTA markets up 107 percent
China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian,...
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage...
3 Reasons to Be Optimistic About the Baht Right Now
Probably one of the most important factors for the rise of the Baht is the continued weakness of the US...
Will Thailand’s plan for quarantine-free tourism set a global trend?
According to the Tourism Authority of Thailand, the quarantine-exemption measures implemented in Phuket will be extended to five other key...
Thailand Approves Latest Economic Relief Package for Businesses
Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will...
Southeast Asia remains a hot spot for plastic pollution
The use of plastics is deeply embedded in our daily lives, in everything from grocery bags and cutlery to water...