rooster59 Posted March 24, 2019 Share Posted March 24, 2019 Thai malls bet $5bn on post-election tourism boom APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer The Iconsiam shopping mall in Bangkok. (Photo by Akira Kodaka) BANGKOK -- Two of Thailand's biggest retailers, Siam Piwat and The Mall Group, have unveiled multiyear plans totaling around 150 billion baht ($4.7 billion) in investments ahead of general elections on Sunday. Both groups have earmarked funds to build new malls, seeking in part to capture demand from inbound tourists, a bright spot in the economy. The aggressive expansion plans come as Thai growth has yet to pick itself up from a slump, with consumer spending likely to remain depressed by one of the biggest household debt burdens in Asia. Full story: https://asia.nikkei.com/Business/Companies/Thai-malls-bet-5bn-on-post-election-tourism-boom NIKKEI Asian Review: 2019-03-24 Link to comment Share on other sites More sharing options...
blazes Posted March 24, 2019 Share Posted March 24, 2019 555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555etcetcetcetcetc Link to comment Share on other sites More sharing options...
mickymouse1 Posted March 24, 2019 Share Posted March 24, 2019 I never go to malls and hardly shop in Thailand. It is good they keep building more malls.I only wonder who will take all these spaces with such high rentals? Link to comment Share on other sites More sharing options...
Bill Miller Posted March 24, 2019 Share Posted March 24, 2019 There is a slump fueled by excessive debt, i.e. nobody's got any money. Betting on tourists to fill the gap, eh? All of those quality Chinese tourists who, some pundit reports aside, seem not to spend many baht outside of their appointed rounds? Link to comment Share on other sites More sharing options...
CGW Posted March 24, 2019 Share Posted March 24, 2019 The "families" that are going to build these malls control the majority of the money in the country, guess they feel they have to spend a small percentage of their hard earned cash ???? Link to comment Share on other sites More sharing options...
champers Posted March 24, 2019 Share Posted March 24, 2019 The PM to be has recently appointed a group of personal financial advisors. Take a guess at where they come from. Link to comment Share on other sites More sharing options...
madmen Posted March 24, 2019 Share Posted March 24, 2019 11 hours ago, Bill Miller said: There is a slump fueled by excessive debt, i.e. nobody's got any money. Betting on tourists to fill the gap, eh? All of those quality Chinese tourists who, some pundit reports aside, seem not to spend many baht outside of their appointed rounds? Hows your nanny state going ???????????? Link to comment Share on other sites More sharing options...
madmen Posted March 24, 2019 Share Posted March 24, 2019 11 hours ago, mickymouse1 said: I never go to malls and hardly shop in Thailand. It is good they keep building more malls.I only wonder who will take all these spaces with such high rentals? Leave your village and go take a look ? Link to comment Share on other sites More sharing options...
Bill Miller Posted March 25, 2019 Share Posted March 25, 2019 6 hours ago, madmen said: Hows your nanny state going ???????????? How do you get anything remotely related to "nanny states" out of it? Not one word about anything political. ???? Link to comment Share on other sites More sharing options...
Peterw42 Posted March 25, 2019 Share Posted March 25, 2019 6 hours ago, madmen said: Hows your nanny state going ???????????? What does that have to do with building more shopping malls or personal debt levels ? Link to comment Share on other sites More sharing options...
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