Pattaya faces a condo oversupply

Pattaya faces a condo oversupply

Last year, Pattaya saw 10,239 condominium units launched with a combined worth of 55 billion bHT (USD1.7 billion), a huge jump from JUST 2,192 units in 2017. Phattarachai Taweewong, the Senior Manager of Collier’s research department, told Bangkok Post that a large portion of the homes remain unsold due to the massive supply last year, The…

The Top 10 types of expat in Thailand (2019)

Being an expat in Thailand you’ll go through plenty of phases – from excitement, to astonishment, to bewilderment, to acceptance – it’s all an exciting journey, and will rarely go to plan. But that’s why so many of us love living in Thailand. There are some particular sub-sets of Thai expat we can spot a…

BOI Says Thailand Will Turn Into Asia’s Next Big Innovation Hub

Thailand’s ongoing efforts to create a comprehensive ecosystem to support the country’s digital industry have been progressing rapidly in recent years thanks to such government flagship initiatives as Digital Park Thailand (EECD) and Smart City. The development of cutting-edge infrastructural facilities to support these initiatives has brought unprecedented opportunities for investors and business leaders, Thailand’s Board of Investment…

Thailand Tourism Forum 2019 – Reflections #1

PHOTO: Thailand Tourism Forum 2019 One of the key points made at the recently concluded Thailand Tourism Forum 2019 in Bangkok, was the country’s over reliance on mass tourism. Jesper Palmqvist of STR presented full year hotel data for Phuket which showed signs of recovery, yet highlighting the full impact of the drop in Chinese…

Thailand Tourism Highlights For 2018

Although Thailand’s tourism industry faced some headwinds in 2018, with the world economy slowing and a boat disaster in Phuket, the country still remains a hugely popular destination. The total number of foreign tourists from the top 10 countries is now accounting for a total of 26.3 million people, or 69% of arrivals in Thailand.…

BOI Recorded 900 Bn Baht Investment Applications In 2018

BOI Recorded 900 Bn Baht Investment Applications In 2018

The Deputy Prime Minister of Thailand has revealed that the total amount of investment promotion application in 2018 reached 901,770 million baht, which exceeded the original target by 25%. Investment applications in the EEC accounted for more than 680,000 million baht. Deputy Prime Minister Dr. Somkid Jatusripitak said after a meeting with the Board of…

BOI approves new rail services, new port investment

BOI approves new rail services, new port investment

The Board of Investment of Thailand (BOI) has laid out strategies to boost the development of rail services and the country’s cruise tourism. Duangjai Asawachintachit, BOI secretary general, says the latest BOI meeting chaired by the Prime Minister had resolved to instigate measures to attract investment in rail development and related infrastructure for continued economic…

Thailand: Year in Review 2018

Thailand: Year in Review 2018

After a strong start to the year, which saw the economy expand by 4.9% and 4.6% year-on-year (y-o-y) in the first and second quarters, respectively, growth moderated to 3.3% in the third quarter, according to November figures from the National Economic and Social Development Board (NESDB). Seasonally adjusted, the third quarter showed no increase from…