Top Thailand Property News Of The Week 27 March 2023

The top residential and commercial real estate news of the week - 27 March 2023

Forum calls for upgrades to cross-border payment systems
Bangkok Post
Thailand's cross-border e-commerce still has great potential for growth, but improvements in payment systems and one-stop services need to be accelerated.

Phuket braces for Songkran spike
Bangkok Post
Phuket expects to see a 10% increase in hotel bookings during the Songkran festival next month.

Ministries told to monitor prices at hotels, eateries
Bangkok Post
Prime Minister Prayut Chan-o-cha has directed relevant agencies to keep an eye on prices at hotels and restaurants, which have reportedly skyrocketed following the rapid recovery of tourism.

Makro to invest up to B27.5bn
Bangkok Post
Siam Makro Plc, the operator of Makro cash & carry stores and Lotus's hypermarkets, has allocated 25.3-27.5 billion baht this year to expand its retail and wholesale businesses.

BJC introduces restructuring programme
Bangkok Post
Berli Jucker (BJC), the SET-listed consumer goods manufacturer and owner of Big C Supercenter, has announced a business restructuring plan that separates its portfolio into retail, wholesale, production, imports and exports of consumer products.

Confidence index remains weak in Q1
Bangkok Post
The Tourism Confidence Index for the first quarter remained below the pre-pandemic level because of concerns over high energy costs and Chinese businesses using nominees.

China's Alibaba Group will split into six units
Bangkok Post
Alibaba Group Holding Ltd has announced plans to split its $220-billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or an initial public offering (IPO) when the time is right.

Strong signals of positive year for VN industrial real estate market
Vietnam Economic News
CBRE Vietnam has reported that Việt Nam's industrial real estate sector is poised for a prosperous year in 2023 due to a surge in demand.

Phuket property progress persists
Bangkok Post
The Phuket property market surge is expected to continue for at least two more years, buoyed by the strong growth of the tourism sector.