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Business baffled by gaffes published : 5 Jul 2021 at 05:30 41 A Bangkok parking lot filled with taxis owned by cooperatives, as 2,000 cars were returned by drivers who cannot afford the rental fees. (Photo: Nutthawat Wicheanbut) As both new daily infections and deaths caused by Covid-19 continue to set records, concerns regarding the administration's ability to govern the country have almost reached a critical point. The third outbreak, the largest since the pandemic emerged early last year, is undermining the public health system and slow...

Analysts shrug at new scheme 9 Rather than revving up consumer spending, the key to fixing the economy is mass vaccination published : 17 May 2021 at 04:30 9 The Ying Chai Ying Dai scheme targets 4 million shoppers with high purchasing power, aiming to increase consumer spending during the pandemic. (Photo by Pornprom Satrabhaya) With a slow vaccine rollout, mounting Covid-19 cases and new variants entering the country, Thailand's economic future seems more uncertain than ever. Multiple times this year Thailand's GDP growth forecast ha...

Property developers optimistic about stimulus 1 published : 19 Dec 2020 at 05:00 1 A condominium near On Nut station in Bangkok. Permanent residency for foreign buyers is among the property stimulus measures proposed by developers. The Finance Ministry may consider a proposal by property developer associations on approving stimulus relief for outstanding mortgage loans totalling 600 billion baht as a means to improve sentiment regarding property stock, especially in the condo segment, says Asia Plus Securities (ASP). On Dec 9, property dev...

Real estate players want tax perk continuation published : 17 Dec 2020 at 04:00 10 The government should extend the property tax incentives that expire on Dec 24, temporarily revoking the lending curbs to provide a longer visa for foreign buyers, which would support the housing market in 2021, say three real estate associations. Chaiyarat Thampeera, a director of the Thai Condominium Association, said the government should offer incentives to help the economy and the property sector during the downturn. "Measures that are about to expire should be extended or reus...