Posts Tagged ‘financial’

One of the sectors severely affected by the global financial crunch are the construction firms. Based on the data from the Stock Exchange of Thailand construction firms continue to report difficult business conditions extending into the second half despite some of them reporting year-on-year increases in their first-half net profit. Italian-Thai Development achieved first-half revenue of Bt21.16 billion, ... Full story

The financial crisis affecting almost all nations worldwide has also taken its toll in Phuket, Thailand. Based on the Phuket Hotel Market Update Mid-Year Report released by respected hospitality consulting firm C9 Hotelworks has negative impact on 48 percent of property projects in Phuket. Despite the negative news, developer's enthusiasm to construct more property projects in the island ... Full story

The second largest developer in Thailand has surpassed its sales target for 2009 despite the bad economy. With its achievement, Preuksa Real Estate (PS) is now planning to revise its sales target for this year from Bt18bn to Bt20bn after it surpassed its mid-year pre-sales target. Khun Prasert Taedullayasatit, the company’s COO, explained that despite a gloomy first ... Full story

Due to the global financial crisis the number of local and foreign tourists visiting the world-class hideaway Koh Samui in Thailand has dropped. Based on the data gathered by the Tourism Authority of Thailand’s (TAT) visitors who flocked Koh Samui has dropped to 40-50 percent compared to the same figure in 2008 in the first six months ... Full story

The Global Financial crisis and the ongoing political crisis have drastic effect on the real estate industry in Thailand. Based on the records of a property services company in Thailand the rental fees in the country had deteriorated since 2008. In the records released by Jones Lang LaSalle (Thailand), it was discovered that the real estate in Thailand has increasingly become a buyer/tenant market. ones Lang LaSalle (Thailand) ... Full story