Mortgage Rejection Rates Impact Condo Developments
The high mortgage rejection rate in the first quarter of 2024 has prompted condo developers to halt new launches in Greater Bangkok during the second quarter, which may result in…
Minister Proposes 300-Baht Tourism Tax
The new tourism minister aims to implement the 300-baht tourism tax, which was put on hold during the previous administration under Prime Minister Srettha Thavisin, while also committing to boosting…
Gold Hits Record High Ahead of Anticipated US Fed Rate Cut This Week
Gold surged to a record high as markets anticipated the Federal Reserve’s initiation of monetary policy easing for the first time in over four years. Bullion prices increased by as…
Baht Expected to Maintain Upward Trend
The baht may continue to appreciate after reaching a 19-month high of 32.2 baht per dollar on Monday. This potential rise is linked to expectations that the US Federal Reserve…
Phatthalung Airport Site Chosen in Southern Thailand
A 1,496-rai plot of land near Songkhla Lake in Phatthalung has been chosen as the location for a new airport in this southern province. Supporters believe it will serve as…
New Thai Government Re-engages in Dispute with Central Bank
Thailand’s new government has reignited discussions regarding the central bank’s borrowing costs, as Prime Minister Paetongtarn Shinawatra’s commerce chief urges policymakers to take action to stimulate the nation’s economy, the…
Progress Being Made on Samyan Smart City
The Samyan Smart City project in central Bangkok is making significant strides in smart energy development, with the latest initiative involving the relocation of overhead power and communication cables underground,…
Ministries Seek Concessions for Bangkok Train Lines
The Finance Ministry and the Transport Ministry have initiated discussions about acquiring concessions for seven electric train lines, estimated to be worth around 500 billion baht, with the aim of…
Sweden to Provide Migrants with $34,000 Incentive to Return Home
Sweden, traditionally recognized for its welcoming approach towards migrants, has announced plans to significantly increase its cash incentive for those willing to return to their home countries. The right-wing government…
Developer Advocates for Diverse Mortgage Options
The government is being urged to introduce 20-year fixed-rate mortgages to assist low-income individuals in securing loans, helping to overcome a significant hurdle for many Thais aspiring to homeownership. Kessara…