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Thailand: Ikea touts e-commerce to boost sales

Ikea has launched its online store as the Swedish furniture chain seeks to attract forward-looking customers in Thailand.¬ According to Lacia Sherlock, deputy retail manager for Thailand, Singapore and the Philippines, the e-commerce platform was developed for modern shoppers and to meet¬ the changing lifestyles of people who spend a considerable amount of time online.¬ Ms […]

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Starbucks to license Thai operations

Starbucks Corp agreed to license its Thailand operations to a partner, in the latest sign that the coffee behemoth is sharpening its focus on its key markets of China and the US. The company entered into an agreement with Coffee Concepts Thailand, a joint venture between Maxim‚Äôs Caterers Ltd and Thai partner F&N Retail Connection […]

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Thai expats see incomes soar

The pay and benefits packages of expatriates in Thailand saw a major increase, with the overall package of an average overseas worker increasing by US$27,917 year on year, according to a new survey. ¬ Lee Quane of ECA International said the MyExpatriate Market Pay report reflected Thai economic growth He said: ‚ÄúThe Thai economy has continued […]

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Bank of Thailand to retain LTV regulation

Despite the Finance Ministry’s request to ease the new loan-to-value (LTV) requirement, the Bank of Thailand has insisted on maintaining the regulation, saying bad mortgages continued to¬ climb for the three months through March and a further uptick is expected this quarter.¬ The bad-mortgage ratio is expected to keep rising in the second quarter, mainly because […]

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Thailand: Planning unit cuts growth forecast

The government’s planning unit has lowered its full-year GDP growth forecast to 3.3-3.8% from 3.5-4.5% after the economy¬ grew at its slowest pace in more than four years in the first quarter.¬ The National Economic and Social Development Council (NESDC) reported on Tuesday that GDP rose 2.8% year-on-year in the first quarter, down from a revised […]

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Thailand: Commerce Ministry warns on prices

The Commerce Ministry is once again warning private hospitals of severe legal repercussions for overcharging patients, after¬ several probes found that many medical facilities often mark up the prices of their medicines by as much as 900%.¬ The source said complaints have been received via the 1569 hotline alerting the ministry to the problem.¬ One caller […]

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