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Thailand: On-demand app struggle poised to intensify in 2023

Thailand’s on-demand commerce battle between “super apps” is expected to intensify in 2023 amid slower market growth, economic headwinds and an exodus of funding, as some food delivery players are likely to exit the market next year, according to industry pundits. “In 2023, the intense battle will shift from e-marketplaces to on-demand commerce players,” said Pawoot […]

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Vietnam: Truth behind big changes in real estate market

HCM City’s estate project developers have been slashing housing prices and offering big discounts to lure buyers. Some brokers are offering unprecedented prices for shophouses in a project in the southern province of Dong Nai, with prices 50 percent lower than primary prices. For example, products with an initial price of VND15 billion are being […]

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Thailand: Rice exports up 39.1% y/y in first 9 months

Thailand’s rice exports were up 39.1% in the first nine months of this year, compared to the same period a year earlier, the Agriculture Ministry said on Monday. Thai rice exported reached 5.41 million tonnes in the January to September period this year, it said in a statement. Source: https://www.bangkokpost.com/business/2437602/rice-exports-up-39-1-y-y-in-first-9-months

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Thailand: Electricity charge to rise about 14%

The cost of electricity will rise about 14% to a minimum 5.37 baht per unit between January and April next year on rising fuel costs, the Electricity Regulatory Commission (ERC) warned on Monday. Secretary-general Khomgrich Tantravanich said the ERC had three options – and the increment to 5.37 baht would cost consumers the least. The […]

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