Top Thailand Property News Of The Week - 23 November 2020
The top residential and commercial real estate news of the week - 23 November 2020
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.
THA urges government to pursue travel bubble strategy
The Thai Hotels Association (THA) has called on the government to continue its travel bubble plan with other potential countries besides China, while allocating more financial support to hotels.
Smaller contraction for industry from stimulus
Thailand's retail industry is likely to see a lower contraction this year to 6% from the previously projected 7.8% fall, driven by a host of stimulus measures.
Pantip hub offers new channel for expanding entrepreneurs
Thai entrepreneurs will be given a new online and offline market channel to boost their trade during the sluggish economy with the AEC Trade Centre-Pantip Wholesale Destination, scheduled to open on Nov 31 in Bangkok.
Amata reports plummeting sales, urges govt to reduce quarantine period to 10 days
Amata Corporation Plc, operator of several industrial estates, has estimated that the company would sell only 10-15 new factories this year, while sales before the Covid-19 crisis were 30-50 factories per year, with the highest recorded sales being 102 factories.
All-out smoking ban in condos proposed
The law should be changed to ban smoking in condominium buildings to protect non-smoking residents, a seminar was told on Tuesday. Paisan Limsathit, a member of Thammasat University's Health Laws and Ethics Centre, said residential buildings should be smoke-free zones to reduce the effects of passive smoking.
Sathien sets the scene for retail ambitions
Sathien Setthasit, 66, the billionaire entrepreneur, founder and chief executive of Carabao Group, the energy drink producer, plans to gradually step down from day-to-day operations over the next five years once he succeeds in building up the company's retail stronghold.
Dusit Thani prepares for 2021 challenges
Dusit Thani is prepared to adapt its business for a challenging year in 2021, while planning to drive the domestic market with new partnership development.
Revenue eyes online vendors
The Revenue Department has started to send notification letters to online merchants that have income at the threshold of personal income tax liability. The objective is to integrate these people into the tax base, said director-general Ekniti Nitithanprapas.
Industry Ministry joins forces with Japan to build a smart manufacturing sector
In line with Industry Minister Suriya Jungrungruangkit’s policy to enhance Thailand’s competitiveness by pushing its industrial sector into the digital age, the ministry has signed a collaborative deal with its Japanese counterpart and other relevant agencies that have expertise in electronics, said Nattapol Rangsitpol, director-general of the Industrial Promotion Department.