News

Thai Exports Continued to Grow in September Raising Prospects for an Upward Revision in 2024 Despite the cooling trends in exports, SCB EIC anticipates growth to surpass initial estimates of 2.6% for the year, propelled by rising gold exports and strong electronic sales. In September 2024, Thai exports grew 1.1% YOY, slowing from 7% growth. Total exports reached USD 223,176 million for the year, with...

Real GDP growth surged to 3.0% year-on-year in Q3, marking the highest rate since Q3 2022, and increased by 1.2% quarter-on-quarter on a seasonally adjusted basis. Real GDP growth accelerated to 3.0% y-o-y in Q3, the highest since Q3 2022, and rose 1.2% on a seasonally-adjusted q-o-q basis. This robust performance was driven by strong consumer spending and a rebound in business investments. Analysts...

Thailand’s automotive industry to get “responsible business” toolkit from ILO The International Labour Organization (ILO) has developed a new toolkit to enhance social dialogue between employers and workers in Thailand’s automotive supply chain. This toolkit aims to strengthen responsible business conduct in the sector. Nearby car dealerships The toolkit was developed in response to an ILO...

The Thai housing market has faced challenges due to both external and domestic factors, including a downturn in China's  real estate sector, decreased construction demand, high household debt, and an aging population. Thailand’s residential market has faced challenges due to external and domestic factors, including a downturn in global construction demand and the country’s high household debt. Key...

Purchasing a home or making an investment in real estate is one of the most significant financial decisions you’ll ever make. Whether you're a first-time homebuyer or an experienced investor, the expertise of a real estate agent is invaluable. Here’s why hiring a professional agent should be at the top of your list when navigating the complex world of property transactions. 1. Expert Knowledge of the...

Thailand is renowned for its beautiful landscapes, rich culture, and thriving economy, making it one of Southeast Asia’s top destinations for both travel and investment. In recent years, the country has become an increasingly popular spot for luxury real estate, attracting high-net-worth individuals (HNWIs) from around the world. From stunning beachfront villas to sleek penthouses with panoramic city...

A Spiritual and Culinary Journey Coming in October 2024 As October approaches, Thailand prepares for one of its most vibrant and culturally rich celebrations—the Vegetarian Festival, also known as the Tesagan Gin Je or the Nine Emperor Gods Festival. This unique event is not just a celebration of food but a deeply spiritual and ritualistic festival rooted in Chinese-Thai communities, where devotion,...

A Guide for Buyers As Thailand’s real estate market evolves, a growing number of developers are recognizing the importance of pet-friendly living spaces. With an increasing number of residents prioritizing their furry companions, pet-friendly condominiums are becoming a popular choice for buyers. This guide explores the benefits of pet-friendly developments, what to look for, and some top...

Thai condo market slows down amid withdrawal of Chinese and Russian investments Condominium sales in Bangkok are slowing down due to a decline in foreign buyers, particularly from China and Russia. The Thai condominium market is experiencing a significant slowdown due to the withdrawal of Chinese and Russian capital. Key takeaways The Thai condominium market is slowing down due to reduced...

U.S.-China tensions to boost demand for office and industrial real estate in Southeast Asia The ongoing U.S.-China tensions have led to a strategic reassessment of supply chains and investment locations. With the imposition of tariffs and trade barriers, multinational corporations are looking beyond traditional powerhouses to establish their operations. Southeast Asia, with its growing middle class, lower...