High land prices in the central business district (CBD) area of Bangkok, combined with sluggish rental rates until recently, have discouraged developers from delving back deeply into the office market. However, that could all be about to change as the vacancy rate in CBD Grade-A space was reported to have fallen below 10% for the first time in...
While Thailand hosts a dynamic market for property funds (PF), new rules from the Securities and Exchange Commission (SEC) covering new trusts and funds in 2012-13 paved the way for the kingdom’s first infrastructure fund (IFF) in April 2013 and a series of real estate investment trusts (REITs) that are currently under consideration. Whereas PFs...
Following severe flooding in 2011, the Thai government created an action plan to prevent a water disaster of that scale from occurring again. The authorities budgeted $3.9bn for mitigation efforts, which included new floodways and flood diversion channels. Furthermore, a $2bn programme was initiated to transform farmland north of the capital...
Some in the industry hail it as the best investment the Tourism Authority of Thailand (TAT) has ever made. TAT contributed BT2m ($65,000) to help make the Chinese film Lost in Thailand, which was shot on location in the north-western Thai city of Chiang Mai, and went on to become the highest-grossing mainland film ever. It was the first...
How is the kingdom developing its education standards to prepare for ASEAN community activity?
THE COMPANY: Thaicom (THCOM) was established in 1991 when it entered into a 30-year Domestic Communication Satellite Operating Agreement with the Ministry of Information and Communication Technology (MICT). Under the agreement, the company has the right to build, launch and operate satellites with a requirement to pay the MICT an agreed...
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