Monday, August 19, 2019

Italthai reports 17% growth

Nov 29. 2018
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By The Nation

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Italthai Group is set to empower every business group for consistent and sustainable growth and enhance its competitiveness and readiness to capitalise on the right investment opportunities.

It will also follow through with its existing roadmap, focusing on its two core businesses – engineering services and construction contractor and construction equipment, and Hospitality and Lifestyle – and furthering its foray into key Asian markets. The group says it is confident it will achieve its target income of Bt15 billion for 2019.

Yuthachai Charanachitta, the group's CEO, said that Thailand’s construction sector can expect an average growth of 7-9 per cent per year over the period 2018-20, according to Krungsri Research, thanks to the infrastructure investment projects initiated partly as macroeconomic stimulus, particularly with the Eastern Economic Corridor (EEC). 

Meanwhile, the domestic tourism industry is expected to grow by 9.6 per cent in 2018, according to the Tourism Authority of Thailand, on the back of the government’s tourism stimulating measures, which also correspond with the 20-year national strategy.

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