The growth rate of the international and local meetings, incentives, conventions and exhibitions (MICE) market is expected to drop by 5-10 per cent next year due to political turbulence and the global financial crisis.
Most tourists intending to cross from Thailand to visit Cambodia's Angkor Wat and Angkor Thom have cancelled their trips due to the outbreak of violence along the border.
Thai airlines servicing Cambodia are, however, operating as normal.
The Office of Transport and Traffic Policy and Planning insists on moving forward with the common ticketing scheme aimed at making Bangkok's mass transit systems seamless.
Thai car sales fell for a fourth consecutive month in September, the industry reported yesterday as the global credit crisis compounded domestic political troubles already affecting local business.
Property projects launched in the first nine months of the year had a combined value of Bt145.96 billion, of which 90 per cent was for residential projects, according to the latest report by the Agency for Real Estate Affairs (AREA).
Charoen Pokphand Foods (CPF) will spend more than Bt100 million by 2010 to triple its capacity to produce shrimp wonton, to meet high demand in foreign markets, particularly the US.
Asian Property Development is considering revising its plan to launch six residential projects worth nearly Bt6 billion this quarter, should the domestic political situation remain uncertain.
For most chief executives, retirement means passing the baton to a bright capable successor and then riding off into the sunset.Not so for Charuvarn Vanasin, who retired as chief executive of Lowe Thailand in 2000 but still plays an active role in the business.