Joyful Pattaya businesses and hotels reaching 100 percent capacity are enjoying the flowing cash of the busy season. An added bonus is the many tourists who continue to stay in Pattaya after the holidays. A business leader estimated that in the one-week period between Christmas and New Year’s Day, more than 6 billion baht is being circulated in Pattaya.
Beer lovers in Pattaya will soon get another choice with the introduction of the new Pattaya Lager Beer. Local dignitaries and other beer aficionados attended the festive launch party at the Cape Dara hotel. The new beer will initially be distributed exclusively in Pattaya.
The nearly bankrupt California Wow Xperience company is facing criminal prosecution in addition to civil lawsuits seeking nearly 100 million baht. The case is being examined by the Department of Special Investigation for consumer fraud. The company is in bankruptcy reorganization.
The Revenue Department plans to eventually add the VAT (Value Added Tax) to any purchases made via the Internet in Thailand. The decision was made in anticipation of the opening of the ASEAN free market in 2015, which is expected to stimulate commerce among the 10 Asian nations.
A 400 million baht condominium project in downtown Pattaya has presold 60 percent of its units. The Chezz Metro Life Condo Condominium hopes to attract the “new generation” of affluent Pattaya workers. Developers expect to sell out the project by year’s end.
Members of the California Wow Xperience fitness club are irate over a letter asking for a membership fee increase, even after the fitness club closed several branches. The company is being sued in Bankruptcy court for unpaid debts of 76 million baht.
BANGKOK, 25 July 2012 – The Thai Rice Exporters Association has revealed that the quantity of rice exports in the first half of this year has reduced by nearly half compared to the same period last year.
BANGKOK, 5 July 2012 – A gift and premium fair is now underway in Bangkok, and the organizers expect the 3-day event to generate hundreds of millions of baht in revenue.
BANGKOK, June 15 - The Bank of Thailand (BoT) Governor Prasarn Trairatvorakul reaffirmed Friday that the bank has prepared monetary measures to effectively cope with the impact of the eurozone crisis, particularly on the country’s financial institutions and financial markets.
BANGKOK, 15 June 2012 – One of Thailand’s leading oil business operators is set to open many new service stations to make alternative fuel readily available for motorists.
BANGKOK, 4 June 2012 – Deputy Commerce Minister Siriwat Kajornprasart has revealed that a Swedish representative has recently discussed trade cooperation with the Thai counterpart, aiming to promote Swedish investments in several industries in Thailand.
BANGKOK, 2 June 2012 – Thai consumer prices rose further in May while officials affirmed that the inflationary pressure looks set to ease in the near future.
BANGKOK, 15 May 2012 - The baht has made a new record low in four months following the euro’s depreciation while domestic gold price has dipped to the lowest level in ten months.
Bangkok Bank Plc has sued Thailand's biggest fitness operator: California WOW Xperience Plc (CAWOW).
SONGKHLA, April 23 – Small-scale shrimp farmers in the southern province of Songkhla urged the government to address the problem of low shrimp prices, and threatened to close a bridge if their demand is not met.
BANGKOK, 4 April 2012 - CAT Telecom Plc has revealed that its 3G contract with mobile phone service provider, True Corporation, is in breach of Section 46 of the National Broadcasting and Telecommunications Commission (NBTC) Act.
BANGKOK, 31 March 2012 – An economic expert is confident that Thai exports will continue to do well in the world market while suggesting business operators to be particularly cautious in the eurozone.
BANGKOK, 8 March 2012 - The Department of Intellectual Property is hopeful the EU will register the Geographical Indication (GI) of the “Khao Hom Mali Thung Kula Ronghai” fragrant rice of Thailand.
WASHINGTON (Reuters) - The economy grew slightly faster than initially thought in the fourth quarter and a gauge of factory activity in the Midwest hit a 10 month-high in February, pointing to underlying strength in the economy.
SAN FRANCISCO - Yahoo has demanded licensing fees from Facebook for use of its technology, the companies said on Monday, potentially engulfing social media in the patent battles and lawsuits raging across much of the tech sector.