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Golden Emperor Properties is pleased to announce that we have won the award for ‘Best Development Partnership- Overseas Property Agency (Thailand and Vietnam)’ with Capital’s Outstanding Developer Awards. Striving for professionalism and dedication to our services, we would like to address a further thank you to our valued clients for the continued support and to Capital for the recognition to distinguish our knowledge, ability and experience in the field among our fellow agencies.

Ms. Alice Lee, Director of Golden Emperor Properties, represented the company and accepted the award with gratitude: “Thank you, Capital, for the acknowledgement and our clients for their support in believing our professionalism in the field and especially in Thailand and Vietnam. We will continue to deliver our clients the best properties and investments from the international market.”

The award ceremony was held at Island Shangri-La, hosted by Hong Kong’s Capital Magazine.  A team of appraisers selected from Capital Magazine and Capital Weekly, evaluated carefully the winning companies for their professionalism and project results, in order to choose the most outstanding recipients.

Golden Emperor Properties would like to express, once again, our gratitude for the recognition in the industry. We will continue to strive to provide expertise in the field to serving our clients worldwide.

Thailand’s investment body announced the investment target of 720 billion baht (22.5 billion U.S. dollars) for 2018 after closing the year of 2017 with an investment growth of 22 percent from 2016.

The total investment application value of 2017 was 641.978 billion baht (20.061 billion U.S. dollars), up 22 percent from the previous year and considerably higher than the initial 600-billion-baht (18.750-billion-U.S. dollar) target for 2017, said Duangjai Asawachintachit, secretary general of the Thailand Board of Investment (BOI).

“BOI has experienced a 5-10 percent increase in investment application value every year,” said Duangjia, who is confident in hitting the 2018 target which will be a growth of 12 percent from 2017.

The new target number was set after a meeting with Deputy Prime Minister Somkid Jatusripitak, who shared the government’s investment promotion policy with BOI’s executives.

“We want BOI to continue to give more weight to agriculture, food, digital, logistics, education, tourism, and services industries in 2018 because they are vital to economic growth,” said the deputy premier.

“This will cover all value chains related to agricultural activities and tourism services.” he said.

To attract more foreign talents and investments in high-tech sectors, the government is launching the “smart visa” program from Feb. 1, which will allow the visa holders to stay in Thailand for up to four years without report to immigration every 90 days.

BOI plans to organize at least 35 international roadshows to target countries such as Japan, China, South Korea and Europe with the aim of familiarizing investors in those markets with the government’s investment policy.

In Thailand, at least 15 investors’ field trips to visit the East Economic Corridor (EEC) will be held in cooperation between BOI and related organizations.

According to data showed by the investment body, 44 percent of the total application value last year was foreign direct investment.

Investment applications from Japan accounted for 47 per cent of the total FDI in 2017, totaling 133.002 billion baht (4.156 billion U.S. dollars). The second largest foreign investor was Singapore, followed by China.

BOI said 61 percent of the total investment applications were made in high-tech and high value-added industries including automotives, electronics, medical tourism, agricultural tech, food technology, robotics, aviation, bio-chemistry, digital technology and medical services.

Source: Xinhua Net

State enterprises contributed 43.3 billion baht in income to government coffers from October to December, surpassing the target by 28%.

State enterprises’ income contribution was 9.55 billion baht higher than projected for the first quarter of fiscal 2018, said Ekniti Nitithanprapas, director-general of the State Enterprise Policy Office (Sepo).

In the final month of 2017 alone, state enterprises sent 4.41 billion baht to the government, exceeding the target by 2.46 billion, he said.

State enterprise income has helped the government achieve its revenue target in recent years, even as some tax-collecting agencies failed to hit their goals. State enterprises are the third-largest contributor, after the Revenue and Excise departments.

The target for fiscal 2018 revenue collection is 2.45 trillion baht, while the annual budget is 2.9 trillion, leaving a deficit of 450 billion. But the deficit will swell to 550 billion baht when an additional 100-billion-baht borrowing plan for the supplementary budget is included.

For the 56 state enterprises, their income contribution target is 137 billion baht for fiscal 2018.

In the last fiscal year, state enterprises sent 162 billion baht to the government, outpacing the target by 24% and rising 21% from a year earlier.

The top five income-contributing state enterprises for the first quarter of fiscal 2018 were the Electricity Generating Authority of Thailand at 13.4 billion baht, the Government Lottery Office at 8.4 billion, the Government Savings Bank at 6.5 billion, the Provincial Electricity Authority at 5.7 billion and the Metropolitan Electricity Authority at 2.5 billion.

Mr Ekniti said Sepo has a policy of encouraging state enterprises to raise their operating efficiency by adopting IT and innovations.

With their improving efficiency, state enterprises can hit the 137-billion-baht income contribution target for this fiscal year, helping maintain fiscal stability, he said.

Meanwhile, the cabinet yesterday green-lighted 3 trillion baht worth of fiscal 2019 budget, up 3.4% from 2.9 trillion in the fiscal 2018 budget, with the budget deficit running at 450 billion.

The fiscal 2019 budget is based on a projection that the country’s economy will grow by 4.2% in 2019.

source: Bangkok Post

As Indonesia and Vietnam grow, the country’s appeal may be fading fast.

The bright lights have returned to Bangkok’s streets, and many Thais are starting to smile again.

The country emerged from 12 months of mourning for the beloved King Bhumibol Adulyadej in October, and it looks like consumers are starting to spend.

Whether or not the optimism applies for the long-term economic outlook, however, is another matter.

Gross domestic product for the quarter through September showed its highest growth in more than four years at 4.3% on the year. Tellingly though, that falls well short of the 7.5% in Vietnam, 6.9% in the Philippines and 5.06% in Indonesia.

Thailand has long been one of the economic powerhouses of Southeast Asia and central to foreign investment strategies for the region. But, worryingly for the country, many companies could soon start looking elsewhere.

Like most of Asia, Thailand was hit hard by the 1997 financial crisis. During the subsequent decade, then-Prime Minister Thaksin Shinawatra busily went about luring foreign, mostly Japanese, automakers, and the country got back on its feet more quickly than most.

According to the International Monetary Fund(IMF), Thailand in 2003 grew more than any other major regional economy at 7.2%, compared with Indonesia at 4.8% and the Philippines at 5%. The country’s per capita GDP was $2,380, more than that of its two neighbors combined.

But the good times did not last. Conflict between pro- and anti-Thaksin groups led to years of turmoil. He was ousted from government in a coup in 2006 and his younger sister Yingluck met the same fate in 2014. Last year, King Bhumibol, who had been pivotal in maintaining stability, passed on.

Since 2013, the pace of growth has slowed to between 0% and 3.2% annually, while neighboring countries have forged ahead. The IMF foresees Thailand leading its neighbors in terms of per capita GDP, which is estimated to reach $7,560 in 2022, but the lead will narrow. Estimates stand at $5,660 for Indonesia, $4,630 for the Philippines, and $3,330 for Vietnam.

Source: Nikkei Asian Review

Japanese tenants are popular among Bangkok property investors as they typically take good care of their units and are meticulous about timely rent. Golden Emperor partnered with renowned developer, Sansiri, to launch a new Bangkok residential property project, kawa HAUS. The property is located in T77, the new Japanese residential community (Sukhumvit 77) of Bangkok. kawa HAUS is a Thai-Japanese Resort Condo, the first of its kind in Bangkok, this project was launched first time in Hong Kong at our exhibition and seminar, our event was attracting over 1,300 customers attended over the weekend.

Above: Over 1,300 customers attended the weekend exhibition.

Above: Terence Chan, Managing Director of Golden Emperor, provided a presentation on investing in Bangkok.

Above: Sansiri’s latest property project in Bangkok, kawa HAUS also be featured at this event.

Above: Our clients in Hong Kong had exclusive offer during the event.