BANGKOK, 3 December 2013 - This year’s real estate market is positively growing as seen from the first nine months of the Government Housing Bank (GHBank)'s performances, extending credit worth over 90 billion baht with the net profit of six billion baht.
Angkana Pilun-Owad Chaimanat, GH Bank's President said compared to the same period last year, GHBank has seen an increase of 20.90% in lending in the first nine months of this year; resulting in the bank’s third quarter outstanding balance totaling 700 billion baht, assets totaling 700 billion baht, deposits totaling 600 billion baht and non-performing loans (NPLs) dropping to 6.71% of the total amount of lending.
The bank has seen a net profit of 6.225 billion baht, signaling a continuous growth rate in driving the economy forward through the real estate sector. The bank expects to make housing loan worth 110-120 billion baht in the last quarter of the year to as earlier targeted.
GH Bank's President predicts that the real estate sector will see a continuing positive direction next year, thanks to the two-trillion baht loan bill on the table and the upcoming ASEAN Economic Community (AEC). Investment in the region will lead to prosperity and create more demand for residential properties.
BANGKOK, 3 November 2013 - The European Union has come out to express the block's concerns over the current political turmoil in Thailand.
BANGKOK, 3 December 2013 The inflation rate rose less than 1 percent in November, while the average inflation rate in the first 11 months represented a 2.24 percent increase.
BANGKOK, 3 December 2013 “Hom Mali” rice can now be purchased at Suvarnabhumi International Airport and will be offered at other airports across Thailand.
BANGKOK, 3 December 2013 The Foreign Ministry has assured foreign ambassadors of the government’s patience with the anti-government demonstrators as several countries have offered to be an intermediary.
BANGKOK, 3 December 2013 Tamarind trees in Ayutthaya Province have been beautifully decorated with lights to celebrate His Majesty King Bhumibol Adulyadej’s 86th birthday anniversary.
BANGKOK, 3 November 2013 The European Union has come out to express the block's concerns over the current political turmoil in Thailand.
BANGKOK, 3 December 2013 Bangkok Metropolitan police Chief Kamronwit Thoopkrachang says police will no longer use tear gas against demonstrators, but will instead welcome them inside the Metropolitan Police Bureau headquarters on Sri Ayutthaya road.
BANGKOK, 2 December 2013, Global Forum on Media and Gender is being held in Bangkok from December 2-4 with participants from 80 countries representing various continents. It hopes to initiate processes that will promote ongoing actions and gender equality and women’s empowerment in and through media.
Bangkok, 2 December 2013 The European Union Delegation has issued the following statement in agreement with the EU Heads of Mission in Thailand: