There are positive signs that the Thai economy is heading towards recovery, despite Thailand’s gross domestic product (GDP) contracted between 5-6 per cent during the first quarter of 2009 and the export plummeted.
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Business
Bottom in sight for Thai economy
Minor Group delays Phuket investments
Minor International, the owner of Marriott Phuket, is delaying a new 1.7 billion baht investment in Phuket due to the financial crisis, swine flu outbreak and the political unrest in Thailand.
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Phuket Airport will welcome private jets
Phuket International Airport will expand in order to accommodate private jets to the island.
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Earnings growth for HomePro
Shares of HomePro surges - new store in Phuket bring in new revenue. It is forecasted to deliver 15% earnings growth to Bt215mn in 1Q09 with a sales increase of 14%. The company has added three more stores in Thailand so far this year – one at Chalong in Phuket.
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Summer discounts from Bangkok Airways
Bangkok Airways has launched a summer promotion. Tickets are heavily discounted to popular destinatations in Asia. Bangkok - Phuket (r/t): 3,700 Baht (110 USD).
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Firefly expands in South East Asia
Firefly Airline is expanding in South East Asia despite the current financial crisis. The low cost regional airline is adding flights to Phuket, Singapore and other destinations in Thailand and Malaysia
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Road show for Thai investments
Thailand is launching a huge national infrastructure stimulus program, with incentives for foreign businesses, to reassure investors after months of disruptive protests. A team from the Thai Government and Board of Investment is travelling through Australia this week to promote a 1.56 trillion baht economic stimulus package that aims to modernise Thailand and increase...
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Hoteliers cancels low season in Phuket
Phuket cancels the low season and renames it Phuket Summer season - from April until November 2009.
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Government moves swiftly
Despite economic sluggish and political turmoil in Thailand, most foreign investors are still willing to invest in this country as they watch the government’s policy and see how it solve problems prevailing in the country first, according to Thai Finance Minister Korn Chatikavanij. In his speech during an investor roadshow in London on Thursday...
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Large medical conference to Phuket
In September 2009, Phuket will cater to more than 1200 delegates of The World Medical Health Tourism Conference. The conference is expected to generate a windfall of 350 million baht to Phuket. Thailand Convention & Exhibition Bureau’s (TCEB) participation and sponsorship in this internationally diverse networking event aims not only to promote Thailand as...
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