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The One Belt One Road Initiative, adopted by the Chinese government in infrastructure development and investments across Europe and Asia has posed advantages for the Southeast (SE) Asian region. Thailand, central to the ASEAN region, is positioned to be SE Asia’s transport hub. Specialists foresee that Thailand’s economy, tourism and city development will soar and result in a rise in investments and product value. It is now, therefore, an opportune time to take part in the country’s investment scene.

Sansiri, Thailand-listed developer, partnered with Golden Emperor to host the Belt and Road – Property Investment Opportunities in Thailand- Forum at The Peninsula Shanghai, China. The forum was facilitated by a line of prolific speakers including Mr. Poomipak Julmanichoti, executive vice president, project development and international business development of Sansiri PLC, Mr. Wang Fuzhong, renowned economist, economics professor at Central University of Finance and Economics and head of China’s Economy Policy Study Center, Mr. Yang Hongxu, deputy head of property market researcher E-house China R&D Institute, Central People’s Broadcasting Station financial commentator and founder and writer of ‘Market Insights’ and Mr. Luk Xinzhi, senior business commentator and financial writer. The speakers discussed and analyzed the effect of China’s One Belt One Road initiative on Thailand’s property market and its current investment trends and more than 50 media delegates and over 100 guests attended the forum to facilitate an in-depth discussion of Thailand’s property market.

Photo Above: Sansiri and Golden Emperor Properties hosted the Belt and Road Initiative – Property Investment Opportunities in Thailand Forum, at The Peninsula Shanghai, with over 100 guests attending the event.

Photo Above: The Forum was hosted by a prolific line of speakers including (from the left) Mr. Yang Hongxu, Mr. Wang Fuzhong, Mr. Poomipak Julmanichoti, Mr. Terence Chan, Mr. Chen Xinzhi and Ms. Vicky Wang (right), Region Director of Golden Emperor Properties China.

Photo Above: Guests speakers discuss and share their insights of Thailand’s property market and its current trends.

Photo Above: Mr. Terence Chan, Managing Director of Golden Emperor Properties, introduced Sansiri’s latest residential project, XT Phayathai to attending guests.

Photo Above: Ms. Zhu Qian, famous TV hostess, facilitated the forum for the day.

Photo Above: The forum attracted over 50 media delegates, who helped facilitated an active discussion during the forum.

Photo Above: To thank attending guests, Sansiri and Golden Emperor prepared Thailand’s famous scented oils as gifts.

THAILAND has climbed two notches in the rankings of the closely watched Global Competitiveness Index 4.0 (GIC 4.0) to 38th place.

The country improved its score from 66.3 in 2017 to 67.5 out of 100 in the report that is put out by the World Economic Forum (WEF), according to the Faculty of Commerce and Accountancy at Chulalongkorn University. The faculty is an official partner of WEF.

The report, released yesterday, covered 140 countries and territories. The result has been taken to show that Thailand is steadily moving towards to the objectives of the 4.0 economy.

The WEF changed the criteria and methods of calculating the GCI rankings in order to reflect the so-called fourth industrial revolution.

Under the study, the 10 most competitive economies were listed as the United States, Singapore, Germany, Switzerland, Japan, the Netherlands, Hong Kong, the United Kingdom, Sweden, and Denmark. Associate Professor Dr Pasu Decharin, dean of the Faculty of Commerce and Accountancy, said the faculty had been responsible for collecting in-depth information from a questionnaire answered by top executives in large and small organisations across all industrial sectors.

According to the criteria of WEF, the global competitiveness of a country or territory was calculated from 98 indices categorised into 12 pillars to reflect its overall competitiveness.Regarding the new criteria and methods of calculating GCI, which were designed to reflect the fourth industrial evolution, Thailand moved up two places from 40th position last year.

For comparisons with the previous year, WEF also employed the new criteria and methods of GCI 4.0 to analyse the data of 2017. Under this framework, Thailand was awarded the score of 66.3 in 2017. The results confirmed that, with the new criteria and methods of calculating GCI 4.0, the country is increasingly advancing towards the goals of the Thailand 4.0 era.

 

source : THE NATION 

In Bangkok, Thailand, properties along BTS routes, especially those along the Sukhumvit Line nearby Siam are highly-valued and favored by investors. Golden Emperor Properties held a seminar over the past weekend to launch Thailand’s listed developer, Sansiri’s and Tokyu Corp.’s project, THE BASE Sukhumvit 50. The project sits in Bangkok’s prime city center and is merely minutes from On Nut BTS station and a few stations away from key districts of Asoke, Phrom Phong, Thong Lo and Ekkamai. The launch attracted a number of investors to our two-day seminar and exhibition event.

Photo Above: Mr. Terence Chan, Managing Director of Golden Emperor Properties, discusses the trend and provides insight’s of Bangkok’s property market.

Photo Above: The event was highly anticipated by investors who bought units for both self-ownership and as an investment.

While United States regulators are still trying to figure out how to think about cryptocurrencies, Thailand’s government is already mapping out its own central bank digital currency.

This is just one of numerous examples how Thailand has emerged as one the most interesting cryptocurrency and blockchain countries in Southeast Asia in 2018.

Since the start of the year, the Thai government has become increasingly outspoken of cryptocurrency projects and exchanges. In a few months, Thai regulators have made notable progress, from setting up cryptocurrency company licenses to permitting exchanges and ICOs. Foreign companies already starting to gravitate towards Thailand’s crypto opportunity, with both Western and Eastern businesses seeking opportunities in the country.

Thailand’s government legalized seven cryptocurrencies (Bitcoin, Ethereum, Bitcoin cash, Ethereum classic, Litecoin, Ripple, and Stellar). It has also permitted a limited number of cryptocurrency exchanges and broker-dealers to apply for operating licenses. The Thailand SEC permitted additional digital token issuers to file for applications and securities regulator categorized ICOs into three types: investment tokens, utility tokens, and cryptocurrency. The speed at which these regulators execute decisions has surpassed that of the West as well as the rest of Asia.

In early July, Bithumb, the second largest cryptocurrency exchange in Korea, announced plans to open in Thailand after receiving the regulatory approval from the government. IBM and Krungsri, one of Thailand’s largest financial institutions with 8.6mn credit cards, sales finance, and personal loan accounts, announced a five-year $140 million engagement to build out digital banking, including blockchain technology. The crypto momentum will likely continue in Thailand with more announcements and developments.

As Thailand proves, the ground is changing rapidly on which countries are most open for blockchain and cryptocurrency business, and adapting to these changing market dynamics is critical to the success of startups and companies in the space.

Source: Tech Crunch

Bangkok is basking in the limelight of being named this year’s number one city in the world by the Mastercard’s 2018 Global Destination Cities Index, making it the third consecutive year that Thailand’s ‘City of Angels’ has been ranked in the top spot.

With roughly 20 million international overnight visitors, Bangkok retained the top spot again this year. According to the study, the top cities once again underscored the importance of robust infrastructure, both business and leisure attractions plus strong local culture.

All are key components highlighted in recent Tourism Authority of Thailand (TAT) marketing campaigns.

TAT Governor Mr. Yuthasak Supasorn said TAT was delighted to hear the news of another award for Thailand’s capital city.“This is a wonderful validation for TAT’s ‘Amazing Thailand Open to the New Shades’ and ‘Go Local’ marketing initiatives.

It identifies the length of stay and daily spending as two core criteria, and this is something to be very proud of.

“Of all the awards and accolades that Thailand, and Bangkok in particular, has received over the past year this is one of the most satisfying.

The Mastercard Index is one of the leading international studies of its kind on world tourism growth that is based on key performance indicators.”

The study, which expanded this year to look at 162 cities, is not simply a ranking of the top travel destinations.

Based on visitor volume and spending for the 2017 calendar year, the in-depth analysis also provides a growth forecast for 2018 and for the first time, a view into the average length of stay and amount spent per day.

The Mastercard Index predicted a strong annual growth for tourism arrivals of 9.6 percent in 2018 for Bangkok.

It also noted the impressive fact that visitors stay in Bangkok for 4.7 nights on average with daily spending of over US$173 per day (5,563 Baht), amounting to US$16.36 billion in total in 2017.

This placed the Thai capital in the 5^th place of the Top Cities by Dollars Spent.

Meanwhile, Phuket has been ranked in the 10^th place of the Top Cities by Dollars Spent with daily spending of US$239, or US$10.46 billion in total.

These latest honours continue a record-breaking year of awards for Thailand‘s travel sector in 2018. So far, it has received dozens of prestigious awards from the world’s leading travel organisations and lifestyle and travel media.

Thailand placed 3^rd in the Best Country category of the highly respected Conde Nast Traveller UK 2018 Readers’ Travel Awards, and won two Best Destination Awards from Travel Weekly UK and TTG Asia.

While Bangkok was also voted ‘Best Leisure Destination’ in the Asia-Pacific by Business Traveller Asia-Pacific magazine to name only a few.

source: TAT NEWS