TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Supreme Court Verdict In Thaksin Loses THB 46 Billion

Category: Tourism, Posted:27 Feb 2010 | 07:52 am

Thailand's Supreme Court has ruled in favor of the Governments seizure of THB 46 billion in assets allegedly controlled by deposed ex Prime Minister Thaksin Shinawatra in a landmark ruling. It has left him THB 30 billion of the frozen assets as these were presumed personal funds.
Despite many concerns over security and demonstrations, the UDD 'red shirt' movement have asked supporters not to demonstrate at the court and have asked for new elections following the democratic process. For both Bangkok and Phuket the day had been marked by 'business as usual' for both companies and tourists alike.
As Thailand's economic outlook has continued to improve under the stewardship of the Democrat led Government of Abhisit Vejjejiva, foreign investment has returned to the country with tourism numbers strongly rebounding in the final two quarters of 2009 and poised for a growth in visitors of over 16 million in 2010. By the end of Friday the SET (Stock Exchange of Thailand) composite index was up 4.27 pts. on positive market sentiment.

Other News

Read more

Phuket’s Largest Highway Interchange Expected To Attract Largescale Development

Category: , Posted:10 Feb 2024 | 09:42 am The release of plans for a massive highway interchange in North Phuket is spurring development activity in the Mai Khao area. A Mueang Mai interchange on the road leading to Phuket International Airport on the island’s main North-South artery will also have a  direct connection to the East Coast spur highway 4027.  (CLICK to see […]
Read more

GOCO Hospitality Inks Deal With Singapore Temasek to Expanded Wellness Resorts in Thailand and Southeast Asia

Category: , Posted:07 Feb 2024 | 10:33 am Leading Bangkok-based wellness group GOCO has signed a deal with Singapore’s Temasek private equity group via The Fullerton Fund. The injection of funds into GOCO is reportedly ‘high eight figures’ and will fund expansion in Thailand and Southeast Asia into hospitality assets. Two acquisitions are expected to be announced in March by Founder and CEO […]
Read more

Phuket Brand Conversions and Affiliations Ramp Up as Tourism Rises

Category: , Posted:06 Feb 2024 | 09:45 am Back of surging tourism numbers. Phuket hotel owners and developers are increasingly looking to convert to brands or affiliate to soft brands. The 274-key Village Coconut Island Beach Resort is part of the Spanish hotel group Barcelo. Now known as Barcelo Coconut Island, it is located on Phuket’s east coast on Koh Maphrao. Barcelo has […]
SiaJai logo

Thailand's Leading Homecare Marketplace