Top Thailand Property News Of The Week - 29 March 2021

The top residential and commercial real estate news of the week - 29 March 2021

CBRE’s weekly property news snapshot features the latest residential and commercial real estate stories in Thailand and elsewhere that you cannot afford to miss - be it regarding residential, industrial, retail, office, hotel, land, or investment property.

Line Man rules out U-turn
Bangkok Post
Food delivery service Line Man has spurned its rider partners' demand for a reversal of its recent move to lower the 3-kilometre delivery base payment rate, but vowed to provide better incentives and assistance for riders.

Italthai preps recapitalisation plan for Thai hotels
Bangkok Post
Italthai Group is preparing a recapitalisation plan for its hotel business in Thailand to stem the impact of the pandemic because a full recovery is not expected for five years. Yet the firm is keeping the faith in its resort expansion in the Maldives.

Asia's factory recovery picks up but cost pressures grow
Reuters
Asia’s factories stepped up production in March as a solid recovery in global demand helped manufacturers move past the setbacks of the pandemic, although rising costs are creating new challenges for businesses.

At logistics firm Geodis, driving forklifts can be an office job
Reuters
French logistics firm Geodis and Silicon Valley remote driving software startup Phantom Auto Inc on Wednesday announced a partnership for developing remote-controlled forklifts, a move that can make forklift driving an office job.

A viation and logistics experts see bright future for Thailand as regional hub
Bangkok Post
Speaker bullish on new oppurtunities to strengthen connectvity through ditital technologies Planned infrastructure upgrades and investment to develop the Eastern Economic Corridor will bode well for the future of the Thai aviation and logistics sectors, industry experts agreed.

Over 29,000 export items await waiver
Bangkok Post
More than 29,000 Thai export items will receive a tariff waiver from Jan 1 next year under the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world's biggest free trade deal.

Making it out of the maze
Bangkok Post
When starting a business in Thailand, many people find themselves in a maze of regulatory procedures and licences, not to mention conflicting legal interpretations by different state agencies.

Govt pledges Suez relief
Bangkok Post
The government stands ready to help businesses affected by a giant container ship blocking the Suez Canal in Egypt as the supply chain in many countries is beginning to feel the pinch from the blockage, deputy government spokeswoman Rachada Dhnadirek said.

Asset warehousing appeals to hoteliers
Bangkok Post
Most hotel owners want to enrol in the asset warehousing programme to mitigate the financial impact from the pandemic, which is worse this year than 2020, according to the Thai Hotels Association (THA).

Why Bangkok's Rental Apartment Market is Rebounding
CBRE Thailand
In Q3 2020, Bangkok’s average apartment occupancy rate across all areas and grades was approximately 82%, a 20-year low, according to CBRE Research. During that time, serviced apartments rental were offering discounts on their long-term rental rates by up to 20%, resulting in similar pricing to some Grade A apartments but with more services.

Garmin opens its office in Thailand at Singha Complex, showing confidence in quality project by Singha Estate
Bangkok Post
Singha Estate Public Company Limited or “S” received trust from Garmin Thailand, the world-renowned leading brand in GPS technology across diverse industries from aviation, automotive, marine, fitness, and outdoor activities; to open its first office in Thailand at Singha Complex, a luxury mixed-use project near Asoke-Phetchaburi intersection.