Posts Tagged ‘economy’

One of the top hoteliers in Europe is suffering economic slowdown in Thailand due to the global economic downturn and country's political turmoil that damaged tourist confidence earlier in the year. According to recent data, European hotelier Accor's consolidated revenues for the first half of 2009 totaled €3,410 million (Bt164.4bn), down 8.1 percent compared with the first ... Full story

The economic crisis affecting many nations around the world has not dampened the spirit of the one of the leading property developers in Thailand to proceed with its condominium development project in Bangkok. CEO Korn Narongdej revealed KPN Lifestyle was negotiating to buy a 2-rai plot for the new project, which is worth Bt1 billion. Korn said more ... Full story

Some economic experts in Thailand feared that recession would occur in the said Asian country to the decline of their economy. Based on the latest date released by the Thailand National Economic and Social Development Board (NESDB) it was discovered that the Thai economy continued to decline in the first quarter of 2009, contracting by a further ... Full story

A highly respected government official of Thailand has expressed high hopes that the country's economy and the rest of the world will improve in the next eight months. Prime Minister Abhisit Vejjajiva said he is optimistic that investors’ confidence to transact business in Thailand will be restored by the end of the year. Abhisit said with the way ... Full story