Viriot: Restructuring almost complete

Raimon Land plans large projects for Thai buyers

By Greg Lowe on December 26, 2009

The listed developer Raimon Land will continue building luxury condominiums but with a new focus on larger projects and Thai buyers, a shift from its previous focus on foreigners, says chief executive Hubert Viriot. The previously troubled company has almost completed a financial restructuring, resolved its “internal issues” and is ready to move forward with [...]

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There are understandable concerns that easing regulations would enable foreign multinationals to snap up agricultural land, drive up rents and force farmers from their land.

Keeping foreigners out serves whose interests?

By Greg Lowe on December 1, 2009

Preventing foreigners from owning land and property in Thailand does many things: it protects powerful Thai landlords and agricultural monopolies, forces overseas investors to consider setting up shop in other regional markets, drives Thai capital from the country and provides a pool of nationalist bile for tub-thumping politicians to draw on and whip up a [...]

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Greg Lowe Greg Lowe

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