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Bangkok sees lower office rents – Knight Frank Thailand

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The deterioration of Bangkok’s office rental rates arrested in the first quarter according to Knight Frank Thailand’s research. Bangkok’s overall vacancy rate now stands at 12.37 per cent, up from 12.07 per cent in the fourth quarter 2009, with the highest vacancy rates recorded in the market’s second largest sector by size (Grade A), which is a now reporting an average vacancy rate of 14.91 per cent.

This indicates that there is a decline in demand due, the company believed, to the uncertainty created by ongoing political unrest, but the pace of this decline has been slowing.

Grade A and Grade C rents showed very minor falls from the fourth quarter 2009,  standing at Bt634 and Bt349.9 per square meter respectively and even a very slight improvement in the resilient Grade B sector, which saw rents grow from Bt469.58 to Bt497 per square meter, effectively halting the decline in the overall average rental rates that we witnessed throughout 2009.

via BKK sees lower office rents.

Banking

Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures

The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.

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BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.

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Economics

Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)

According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of GDP, the government would need to borrow 700 billion baht to offset the deficit.

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BANGKOK (NNT) – The Budget Bureau notes that the Thai government plans to increase its investment budget by 90 billion baht in the fiscal year 2022, in compliance with a law related to state financial and fiscal discipline.

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