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Entries from May 2009

Siemens underlines local pledge

May 28th, 2009 · No Comments

Siemens Thailand outlined three investment projects yesterday which it says show its long-term commitment to developing the country’s human capital and sustainable transport systems. But the industrial technology giant would not say how much capital it would inject into the projects, or what the investment horizon would be. Read more…

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Tags: Bangkok Post · business · industry

Slowing industries limit Siemens – But it expects higher turnover in 2009

May 26th, 2009 · No Comments

By GREG LOWE The global recession and domestic political turmoil have clipped Siemens Thailand’s growth expectations this year but the company still expects its turnover to increase in 2009, says CEO Anthony Chay. The impact of slumping global demand on Thailand’s heavily export-oriented economy is the major factor crimping the profits of Siemens’ industry-dependent operations. […]

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Tags: Bangkok Post · business · industry

Bucking the trend

May 1st, 2009 · No Comments

Thailand’s economic outlook remains decidedly bleak, but in Bangkok, some are bucking the trend by Greg Lowe Some Bangkok mid-range condominium projects are bucking market trends by achieving record sales amidst an increasingly negative domestic economic outlook. Developments in prime locations have sold out in a matter of hours in some cases, as developers resort […]

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Tags: Asia Property Report · news · property · Thailand