Developers request property measures: Eased LTV limits is another goal. Property developers are urging the government to quickly extend stimulus measures from 2024 to this year. The government should extend property measures and relax loan-to-value (LTV) limits for second- and third-time buyers, as domestic demand is expected to remain weak in 2025, according to developers and consultants. Bangkok Post
ASCO said >Bt400b of retail and mutual fund outflows oversea recorded last year, mulls plans to attract new industries to list on SET, will propose MoF early Mar on plan to convert LTF into Thai ESG.
Bangkok office market to take years to recover, experts warn: The oversupplied Bangkok office market will take at least five years to return to a balanced state, with several projects postponed without a definite timeline, according to property consultancy Cushman & Wakefield. Bangkok Post
FTI calls for government help to revive the Thai car market: Domestic sales are continuing to decline. The Federation of Thai Industries (FTI) wants the government to launch new measures to lift the domestic car market within two months as auto sales, particularly pickups, continued to fall in January. In the pickup segment, the significant sales drop over the past two years caused manufacturers to reduce production by more than 200,000 units, which dealt a blow to workers at car factories as well as auto parts makers, said Surapong Paisitpatanapong, vicechairman of the FTI and spokesman for the federation’s Automotive Industry Club.
BOT’s expected to keep policy rate unchanged at 2.25% today, said 17 of 23 in Bloomberg survey, 6 predict 25bps cut.
State budget disbursement beats goal: The disbursement of state enterprise investment budgets over the first four months of the fiscal calendar from October 2024 to January this year has fared better than targeted, according to the State Enterprise Policy Office (Sepo). Some 52 state enterprises are supervised by the Finance Ministry, in accordance with the State Enterprise Governance and Administration Development Act of 2019. Among them, 43 state enterprises have investment budgets. Bangkok Post
Shipments increase 13.6% last month: Thai exports consistently grew for a period of seven months, climbing 13.6% year-on-year to reach US$25.3 billion in January, according to the Commerce Ministry. Imports also rose by 7.9% year-onyear to $27.6 billion, resulting in a trade deficit of $1.88 billion. Bangkok Post
Rice exports projected to dip 33% in Q1: Thailand’s rice exports are expected to drop by 33% yearon-year in the first quarter, according to the Thai Rice Exporters Association. Bangkok Post
Fiscal chief bullish on global recovery: The implementation of accommodative monetary policies in many countries around the world is likely to support the global economy’s recovery, according to the Fiscal Policy Office (FPO). Speaking at a briefing on Thailand’s economic conditions in January, Pornchai Thiraveja, director-general of the FPO, said the inflation outlook in many countries is close to the targets set by their central banks. Combined with accommodative monetary policies in several nations, this will contribute to the global economy’s recovery in the near future, he said. Bangkok Post
Officials want to speed up the development of U-tapao airport and Eastern Aviation City in the Eastern Economic Corridor.: Construction set to start in April or May. Authorities are speeding up the development of the much-delayed U-tapao airport and Eastern Aviation City in the Eastern Economic Corridor (EEC), with construction set to start between April and May this year. Bangkok Post
