realestate

Thai Property Market Faces Catastrophic Consequences Amid Unprecedented Economic Downturn

Thai property sector faces severe crisis as home loan growth projected to turn negative for the first time.

T
hailand's tourism industry continues to thrive, with 20 million visitors generating THB937 billion in revenue. Meanwhile, the nation grapples with global environmental measures that squeeze Thai exports by 300 billion baht annually.

    The Thai army has challenged Cambodia's denial of new landmines on Thai territory, urging compliance with the Ottawa Convention and ceasefire agreements. This comes as Thailand grants temporary work permits to Cambodian nationals affected by border control measures, allowing them to continue working in the country due to humanitarian reasons.

    Thai Airways' successful restructuring is being hailed as a model for state enterprise reform, according to a leading think tank. The airline's turnaround was made possible after the government reduced its hands-on role. Additionally, the Thai Air Force has vowed to prioritize civilian safety during F-16 air operations.

    Maris, a Thai company, is seeking Japan's support in taking Cambodia to task over Ottawa Convention violations.

Thai property market struggles amidst economic downturn, empty buildings in Bangkok.