Business Services Industry
Lack of duty cuts no deterrent for Thai development project.
Knight Ridder/Tribune Business News, September, 2004
By Sujintana Hemtasilpa, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Sep. 22--International tenants of the 14-billion-baht Siam Paragon project are not deterred by the fact that the Thai government has yet to reduce import duties for luxury goods to zero as proposed under a plan to develop Bangkok as a regional shopping destination.
But delays in implementing the policy have been a factor for some prospective tenants who are still deliberating whether to secure space at the new mall, scheduled to open in November 2005. To date, 95 percent of the 500,000 square metres of space has been booked.
Kriengsak Tantiphipop, chief marketing officer of Siam Paragon Development Co said that all international "superbrand" owners that...
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