BANGKOK, Oct 29 (Reuters) - Shares in Thai developers rose on Wednesday, with sector leader Land & Houses LH.BK near a one-week high after the finance minister said tax breaks could be maintained for another year to support the property market.
The measures, including a cut in taxes for property developers and a reduction in property transfer fees to 0.01 percent from 2.0 percent, are due to expire in March 2009.
"For the property measure, I was considering keeping it," Finance Minister Suchart Thada-Thamrongvech told reporters. The ministry would propose a one-year extension of the tax breaks to the cabinet next week, he said.
Thursday, October 30, 2008
Sunday, October 19, 2008
Investment is the best reason to smile in Thailand
Thailand is at the very heart of Southeast Asia, occupying an area of nearly 200,000 square miles. Thailand is a diverse and beautiful country where the terrain ranges from forested mountains in the north, to rice fields of the central plains and the tropical coastline and sandy beaches of the south.
Thailand is affectionately known as the land of a thousand smiles, its tropical climate and welcoming people have been a beacon to holidaymakers and travellers alike. In recent years overseas property purchasers have been looking to buy a piece of this tropical paradise, here are ten reasons to smile when considering investing in Thailand:
Thailand is affectionately known as the land of a thousand smiles, its tropical climate and welcoming people have been a beacon to holidaymakers and travellers alike. In recent years overseas property purchasers have been looking to buy a piece of this tropical paradise, here are ten reasons to smile when considering investing in Thailand:
Tuesday, October 7, 2008
Thai developer Preuksa delays bond sale to next year
BANGKOK, Oct 1 (Reuters) - Thai developer Preuksa Real Estate PS.BK said on Wednesday it had delayed a plan to sell three-year bonds worth up to 1.5 billion baht ($44 million) to next year due to unfavourable global financial conditions.
"We decided late last week to put our bond sale on hold. The sale should not be this year and we postponed it to next year," Chief Financial Officer Somboon Wasinchutchawal told Reuters.
Earlier, Thailand's top energy firm, PTT PCL PTT.BK, said it might postpone a plan to sell 10 billion baht ($296 million) of bonds due to the global financial crisis. The sale had been planned for the middle of October.
Preuksa had also planned to sell its 1 billion baht of bonds this month, with a greenshoe option for a further 500 million baht.
"We decided late last week to put our bond sale on hold. The sale should not be this year and we postponed it to next year," Chief Financial Officer Somboon Wasinchutchawal told Reuters.
Earlier, Thailand's top energy firm, PTT PCL PTT.BK, said it might postpone a plan to sell 10 billion baht ($296 million) of bonds due to the global financial crisis. The sale had been planned for the middle of October.
Preuksa had also planned to sell its 1 billion baht of bonds this month, with a greenshoe option for a further 500 million baht.
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