BANGKOK (BLOOMBERG)- The company with the biggest grip on Thailand’s brick-and-mortar retail market is expecting a partnership with China’s JD.com Inc to help it do the same in online sales. Central Group, which controls Thailand’s biggest operator of shopping malls and department stores, expects online sales to account for as much as 15 per cent […]
Read MoreThe government will be busy this year holding international roadshows to lure more investors to its much-touted Eastern Economic Corridor (EEC). Kanit Sangsubhan, the EEC Office secretary-general, said after the government set a time frame for key infrastructure development for the EEC project, this year it plans to attract investment, particularly from China, Japan and […]
Read MoreThe Revenue Department estimates its annual tax revenue growth will triple to 15% after the e-business tax, a levy on any online transaction that takes place in Thailand regardless of the e-commerce operator’s location, comes into force. Mr Prasong is upbeat about the tax revenue target of 1.93 trillion baht. The department’s tax revenue has […]
Read MoreThailand’s rice exports are expected to ease this year from an expected record high of 11.2-11.3 million tonnes in 2017 because of rising global demand and the competitiveness of the local grain, says the Thai Rice Exporters Association. President Charoen Laothammatas said the association forecast Thailand’s rice exports to dip to 9.5 million tonnes this […]
Read MoreBangkok-based Thai President Foods PCL, the maker of the instant noodle brand Mama, has purchased land in the kingdom with the intention of building a factory for the production of its popular noodles. The firm, owned by the Saha Group and Nissin Holdings, is seeking more market opportunities overseas and plans to spend more than […]
Read MoreThailand’s national strategy is centred on six key areas — farming, services, tourism, entrepreneurship, logistics and digital — to help raise the country’s competitiveness and make it a developed nation in 20 years. Sathit Limpongphan, chairman of a committee tasked with developing a national strategy to strengthen the country’s competitiveness, said six strategies that have […]
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