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Top Thailand Property News Of The Week – Property, Real Estate

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Thailand Business News
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The top residential and commercial real estate news of the week – 17 June 2019

Digital projects spur rush for investment sweeteners
The Nation
The country’s digital industry is making rapid gains, with companies behind 46 projects worth Bt4.35 billion requesting investment promotional privileges in the first quarter of this year, the Board of Investment (BOI) said.

Central reshuffle adds fintech, finance lines
Bangkok Post
Central Group has restructured its business lines, adding financial services and fintech to its core businesses as part of the group’s vision to become a retail tech company.

EEC Office supervisory committees get approval
Bangkok Post
Supervisory committees will be set up to supervise the construction of the high-speed rail network linking three key airports and other infrastructure projects.

Return secures duty-free bid
Bangkok Post
The high returns of 23.5 billion baht promised by duty-free giant King Power helped it to secure the concessions to run duty-free operations and other commercial areas across four airports, according to Airports of Thailand (AoT).

Changes seen in Bangkok office market by 2022
The Nation
Bangkok’s supply of office space totalled 8.95 million square metres at the end of the first quarter of this year, increasing by 1.9 per cent year on year, according to CBRE Research.

SEPO seeks PPP nod for medical hub
Bangkok Post
The State Enterprise Policy Office (Sepo) will push a medical complex with investment value of 10 billion baht in Bangkok’s Chatuchak district to proceed under a public-private joint investment scheme.

Unmanned ICC store ready
Bangkok Post
In keeping with rapid change in the fashion business and digital technology, ICC International Plc, the marketing arm for fashion and cosmetics under Saha…

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Keemun Black Tea From China – Caffeine Content, Health Benefits, And Other Properties

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Thailand China Business News
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Thailand Business News

Keemun is a type of Chinese black tea, originating in Qimen county of Anhui Province, China. This article gives an overview of the caffeine content, health benefits, and other properties of Keemun. Keemun is primarily produced in Anhui province, but teas in this style have also begun to be produced in nearby Hubei, as well […]

The post Keemun Black Tea From China – Caffeine Content, Health Benefits, And Other Properties appeared first on Thailand – China.

Read the complete story on Thailand-China Business News

PM visits baby dugong Yamil

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National news Thailand
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PHUKET, 09 July 2019 (NNT) – Prime Minister Gen. Prayut Chan-o-cha has travelled south with an official team to visit and feed baby dugong “Yamil” which was recently found stranded on an Andaman beach.

The young orphan is in the care of the Marine Resources Research and Development Center in its nursing and rehabilitative area under the supervision of the Department of Marine and Coastal Resources, the Royal Thai Navy and related agencies. Meanwhile, Her Royal Highness Princess Sirivannavari Nariratana Rajakanya, has placed the dugong under royal patronage and protection. The princess has also given a name to the baby dugong.

It is Yamil, a name which means a handsome man of the sea. Her Royal Highness Princess Sirivannavari Nariratana Rajakanya adopted dugong Yamil under the provisions of His Majesty’s project for the conservation of coral reefs and Thai marine life. The Prime Minister fed the dugong with milk and inquired about its ongoing care. He also thanked and provided moral support to a team of officials and veterinarians, who are taking such good care of Thailand’s native dugongs that their numbers have increased in the area.

Gen. Prayut expressed a wish that Dugong Yamil will grow fast and healthily. A veterinarian who takes care of Yamil disclosed that the dugong is about 3-4 months old and has become stronger after being closely nursed and cared for, after being located lost and wounded. Yamil can now drink milk and eat seagrass and has put on weight.

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Political uncertainty takes toll on Thai growth

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Thailand Business News
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Thailand Business News

According to the World Bank’s Thailand Economic Monitor (July edition), risk to the economic outlook in Thailand are primarily domestic.

Political uncertainty is a key risk, and lingering doubts about the cohesiveness of the newly established 19-party coalition government and/or delays in the implementation of large planned public infrastructure projects could negatively impact both investor sentiment and consumer confidence, thereby weakening domestic demand.

In recent years, Thailand’s economy has expanded at a slower pace than those of its regional comparators, says the World Bank.

Growth forecast for 2019 downgraded from 3.8 percent to 3.5 percent

Meanwhile, ongoing trade tensions between the U.S. and China could further weaken demand for Thailand’s exports and discourage private investment in export-oriented industries.

Due to rising external headwinds, the growth forecast for 2019 has been downgraded from 3.8 percent to 3.5 percent. Private consumption is expected to drive growth in 2019, supported by private investment, and public infrastructure spending.

Today the Economic Intelligence Center (EIC), Siam Commercial Bank’s research unit, has cut its forecast for the country’s 2019 economic growth to 3.1% from the 3.3% previously seen.

Thailand’s GDP growth rate is projected to recover gradually over the near term assuming policy continuity and the implementation of large public infrastructure projects, especially those related to the Eastern Economic Corridor. Given Thailand’s strategic location, continued trade integration could support trade in goods and services, potentially compensating for some…

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The Seasons Episode 9: Green Island

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Tourism Authority of Thailand
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TAT Newsroom Short Documentary
The Seasons Episode 9: Green Island
Duration:  3 Minutes
Theme: Virgin Island
Location: Ko Pha Luai, Surat Thani

EPISODE SYNOPSIS

For those wishing to escape from a hectic life, spend a peaceful getaway in the embrace of serene nature, and take lungfuls of pure air at a place unknown to most tourists, Pha Luai Island is an ideal destination.

With a population of only 180 households and situated in Surat Thani province’s Ang Thong Islands Marine National Park, just a stone’s throw from Samui Island, Pha Luai Island is officially recognised as Thailand’s first and only ‘Green Island’, which depends 100% on alternative energy sources.

By trekking around the island, a visitor will learn that every household’s facilities are powered by clean energy.  Electricity generated at a solar farm is used for interior lighting, maintenance of water sources, development of the traffic system, building construction, and general upkeep and restoration of the island’s environment.

None of these achievements would have been possible without the locals’ awareness of the value of clean energy, which has improved their quality of life.  The local islanders, therefore, commit themselves to developing their birthplace into an ecotourism attraction and further modifying it into a future learning centre for energy efficiency promotion.

About “The Seasons”

“The Seasons Episode 9: Green Island” is part of the 12- episode travel documentary series that reveal the untold stories of the unique way of life of the Thai people and the amazing scenery of natural attractions in different regions. There are four episodes for each of the three seasons that Thailand has in a year: rainy, cool and summer.

“The Seasons” follows the TAT Newsroom’s inaugural seven-part travel documentary series, titled ‘Insight Thainess’, to promote Thai values through the country’s unique way of life.

Read the complete story here

MRT Blue Line extension passenger Test Runs to start late July

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National news Thailand
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MRT Blue Line extension passenger Test Runs to start late July

BANGKOK, 07 July 2019 (NNT) – The Mass Rapid Transit Authority is set to open the MRT Blue Line Thaphra extension for passenger test runs in late July.

The Mass Rapid Transit Authority (MRTA) commenced internal test runs on the MRT Blue Line’s Hua Lamphong – Bangkae extension on 1st July this year. The early phase of the test is intended to ensure the preparedness of officials to cope with situations which may arise with train operations, to test the stability of the signalling and train control systems, and to set an appropriate train speed for safety.

Once the new tracks and trains have passed the initial testing stage, the MRTA is expected to allow passengers to travel between Hua Lamphong and Thaphra station free of charge as part of the test run in late July. More stations will incrementally be opened for free introductory trips, before the scheduled launching of the service in September this year.

During the trial, trains will run back and forth only on the new extension tracks, requiring passengers to change to another train at Hua Lamphong to travel to other stations on the current Blue Line Network. The extension will be linked to the original section, allowing for through operations, once signalling tests on the extension are completed.

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Thailand aims to become Modern Agricultural Hub

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National news Thailand
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CHIANG MAI, 06 July 2019 (NNT) – Thailand will showcase its potential to be a leader among the agricultural industries of the world at the Asia Agricultural Innovation Fair 2019; Thailand aims to become a hub of modern agriculture.

At a seminar on Agricultural Innovation in Asia, Mr. Sarawut Chantachitpreecha, an agricultural academic, Embassy of the Kingdom of the Netherlands to Thailand, said the Netherlands is focused on eco-friendly agriculture which is safe for consumers, by using technology to enhance production efficiency according to the goal. The yield is two times higher and the quality is twice as good, while the use of resources is reduced two times. For Thailand, the tendency to use machinery is high but it is still concentrated in the new generation. Most large agricultural businesses and farmer groups under contract farming use technology to measure humidity and temperature and gain access to automatic control through applications on mobile phones. They also use unmanned aircraft or drones to help with chemical spraying, use a QR Code to trace production back to source and are attracted to online marketing.

In order to strengthen the role of Thai farmers and ensure Thailand becomes a trade and investment hub for machinery and agricultural innovation, the Faculty of Agriculture, Chiang Mai University has signed a memorandum of understanding with Global Exhibition and Convention Service Co., Ltd. to organize the Agricultural Innovation of Asia Fair from November 7-11, 2019, at Chiang Mai International Convention and Exhibition Center. It will feature products, services and agricultural innovations and technology, by focusing on five main branches of modern agricultural management to increase opportunities for progress with intelligent farming technology and the use of technology in farm management.

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MRT to start passenger Test Runs late July on Blue Line extension

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Thailand Business News
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BANGKOK, 07 July 2019 (NNT) – The Mass Rapid Transit Authority is set to open the MRT Blue Line Thaphra extension for passenger test runs in late July.

The Mass Rapid Transit Authority (MRTA) commenced internal test runs on the MRT Blue Line’s Hua Lamphong – Bangkae extension on 1st July this year. The early phase of the test is intended to ensure the preparedness of officials to cope with situations which may arise with train operations, to test the stability of the signalling and train control systems, and to set an appropriate train speed for safety.

Once the new tracks and trains have passed the initial testing stage, the MRTA is expected to allow passengers to travel between Hua Lamphong and Thaphra station free of charge as part of the test run in late July.

More stations will incrementally be opened for free introductory trips, before the scheduled launching of the service in September this year.

During the trial, trains will run back and forth only on the new extension tracks, requiring passengers to change to another train at Hua Lamphong to travel to other stations on the current Blue Line Network.

The extension will be linked to the original section, allowing for through operations, once signalling tests on the extension are completed.

The opening of these extensions will make the Dark Blue Line the first circular line in Bangkok. This will make Bangkok a more connected city, opening new opportunities for development.

At present, the MRT Dark Blue Line is the second most popular mass transit line in Bangkok with 19 trains carrying 350,000 passengers per weekday.

The Mass Rapid Transit Authority (MRTA)…

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