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Hey there
The ASEAN Foreign Ministers meeting is teeing up and the skies are filled with helicopters in something akin to the MASH tv series. Phuket is on center stage for the upcoming event that is a crucial acid test of the stability of Democrat Prime Minister Abhisit Vejjajiva’s Government. As the event goes so may sentiment swing back in favor for overseas investment; though for the most part analysts are rolling over their crystal balls into 2010 for predictions of market recovery. Low season is in full bloom with travel now being shifted to regional business back of the startling overachieving low cost airlines such as AirAsia, Tiger and JetStar.
Two new large scale infrastructure projects recently announced are investing long term in the island strained access points. The province recently unveiled plans for a THB 400 million baht new road to be built parallel to Thepkassatri Road from the turnoff to Phuket International Airport (PIA) down to the existing bypass road north of Phuket City. (Read more…)
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From the Phuket Gazette:
We are keeping our fingers crossing during the next two weeks, and remain hopeful of a positive outcome for this important high profile event here on the island.
Keep the faith,
Bill Barnett | 