Business News
Thailand business news, market trends, foreign investment, and economic updates—stay informed on stock market movements, entrepreneurship, and key developments shaping the economy. Get the latest from The Thaiger, your trusted source for business news in Thailand.
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Is Bangkok’s property market cooling off? No, says Bloomberg.
An update on the Bangkok property market from Bloomberg. “We’re still undervalued as a country, compared to Singapore and Hong Kong. And China, in a lot of major cities.” Click the chart to watch the Bloomberg report on Thailand’s biggest property portfolio. PHOTO: fazwaz.com
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World Bank upgrades Thailand’s growth projections
The World Bank on Thursday upgraded its economic growth projections for Thailand to 3.5 per cent from the 3.2 per cent estimated previously. The Bank said that economic growth in Thailand is gaining momentum, with global growth and recovery from severe droughts buoying an expansion of GDP by 3.3 per cent in the first quarter and 3.7 per cent in…
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Sports events leading the way in MICE
Sporting events are a key catalyst for Phuket’s MICE (meetings, incentives, conferencing, exhibitions) demand, with the industry valued at THB 5.74 billion. C9 Hotelworks has released their new Phuket MICE Tourism Market Update (c9hotelworks.com). With Thailand being ranked as the top MICE destination among ASEAN countries in 2016, Phuket is one of the major contributors with a total of 202,555 visitors.…
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Direct flights from Phuket to India from GoAir.
India budget carrier GoAir is launching its overseas operations with flights from Mumbai to Male in the Maldives as well as Phuket. The airline, owned by the Wadia Group, has been waiting for the delivery of its new generation Airbus 320 Neo planes before starting the overseas legs. GoAir says it will start flights to Phuket in October. It’s the…
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The Outlook is Bullish
Despite the volatility that occurred early in the session on Thursday and Fintwits’ instantaneous panic, markets remain in a firm position on the weekly charts. The weekly chart of the SP500 still posted a higher high and higher low in relation to last week’s bar, which was bullish follow- through from the prior week’s breakout. The Thursday intraday blip brought…
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