PM to push for Bt224b high-speed railway project linking 3 main airports to ensure the success of the EEC and he expects good news to revive the long-delays railway project next month.
Transaction value of condo sales to foreigners +5.2% yoy in 1Q to Bt18b, transfers +4.3% in vol to 3,938 units, Chinese buyers account for 43.8%, Myanmar 10% and Russian 7.5%, Chonburi, BKK, CM and Phuket were top locations, GHB’s Real Estate Info Center.
The DSI’s pressed charges against Chanin Yensudchai, former CEO of the STARK, including money laundering and forging documents.
CBRE said an increase in the foreign ownership quota for condos to 75% is unlikely to significantly impact the property market or economy as very few condo pjs have reached the existing 49% quota.
Pickup sales hit by faltering economy: Domestic car sales continue to be a concern, with pure pickup sales plummeting by 40.8% in the first five months of 2024 and likely to keep falling, attributed to a sluggish economy and restricted access to loans, says the Federation of Thai Industries (FTI). Bangkok Post
Cabinet shelves hotel room fee levy: The cabinet yesterday agreed to extend the fee exemption for hotel operators of 40 baht per room per year for a period of two years, from July 1, 2024 to June 30, 2026, to reduce the expenses of hoteliers affected by the pandemic. Bangkok Post
New state investment fund planned: Stock analysts are throwing their support behind the Finance Ministry’s plan to set up a new fund to invest in Thai shares, saying it could increase trading in the fourth quarter. As a measure to boost the bearish stock market, Finance Minister Pichai Chunhavajira said the ministry is studying the possibility of creating a new fund resembling the Vayupak Fund, a previous statecontrolled investment fund that invested in Thai shares with solid fundamentals. Bangkok Post
Regulator to hold new auction for renewables: The second phase comprises solar farms, wind energy and industrial waste-to-energy projects. The Energy Regulatory Commission (ERC) is pushing ahead with an auction for new power plants under its second-phase 3.6-gigawatt renewables scheme, which is expected to draw more investors once some of its conditions are amended. Bangkok Post
Analysts: Updated TESG Fund bumps SET by 8%: Stock analysts expect measures aimed at lifting the Thai bourse through a revamped Thailand ESG (TESG) Fund will attract about 40 billion baht worth of investment, potentially increasing the Stock Exchange of Thailand (SET) index by 5-8%. Bangkok Post
BJT gains in Senate race: ‘Old guard’ accused of maintaining influence. Some of the 200 senatorselect seemingly have political affiliations, notably with the Bhumjaithai Party (BJT), according to political observers. Bangkok Post
