Bank of Thailand (BoT) Deputy Governor Bandid Nijathaworn on Monday said the central bank has invited property developers to discuss and exchange information on the overall economy and the property business outlook since the sector, which accounts for 5 per cent of the gross domestic product (GDP), is considered a key to the country’s economic recovery.
He said the central bank and the property developers shared a view in common that the property sector tended to recover continuously from the previous year in tandem with the economic recovery since the fourth quarter of last year.
The sector managed to grow 9 per cent in that quarter, boosted by the economic recovery, business-sector confidence, state measures to stimulate the property business, and stiff competition in lending by commercial banks.
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
Is There a Silver lining amid COVID-19?
Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.
True and Dtac Merger Talks Highlight Necessity of Scale at Thai Telcos
The merger between True Corporation, a subsidiary of conglomerate Charoen Pokphand Group, and Total Access Communication (Dtac), a subsidiary of...
Vietnam’s Tay Ninh Province: Promising for Investors in the Greater Mekong Subregion
The SKER is one of four key economic regions which cover most economic and investment hubs in the country. The...
Pakorn Peetathawatchai, President, The Stock Exchange of Thailand (SET)
What measures has SET taken to support listed companies’ compliance with ESG standards?PAKORN PEETATHAWATCHAI: PAKORN: When we first began promoting...
Quarantine Exemption for Vaccinated Travelers in Thailand: What You Need to Know
Fully vaccinated travelers from 63 “low-risk” countries and regions can now enter Thailand without any quarantine requirements.
Thailand eases entry rules from 16 December 2021
What’s New: In addition to arrival by air, travellers will be allowed to enter by land (at Nong Khai’s border...