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Article: Is Thailand on the road to recovery?(Statistical Data Included)
- Article from:
- Business Asia
- Article date:
- May 31, 1999
- Author:
CopyrightCOPYRIGHT 1999 First Charlton Communications Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Thailand's construction industry is showing signs of a recovery. For foreign companies entering the market, it may be a case of now or never.
Once the concrete pouring capital of the world with seemingly more concrete trucks travelling its urban roads than motorbikes, Bangkok today more closely resembles a giant Meccano set.
Tower cranes still dot the horizon, providing an image of industrious expansion, but the truth is that many of these projects have come either to a resounding halt or have seen workforces scaled back and construction proceed at painfully slow rates.
Meantime, financiers attempt to stretch their construction dollars in the ...