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Thailand: New business registrations up 14% in November

New business registrations in November rose 14% year-on-year to 6,597 – the highest monthly registration in a decade. The combined value of investment capital of the new businesses registered last month was 64.46 billion baht, up 328% from the same month in 2016. Kulanee Issadisai, the director-general of Business Development Department, said the top three […]

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Thailand: Extra tax breaks to push SME growth

THE Board of Investment’s (BOI) board has agreed on measures to boost the capabilities of small and medium enterprises (SME), while its secretary-general has expressed confidence that this year’s applications for investment promotion privileges would hit its target of Bt600 billion. Duangjai Asawachintachit, BOI secretary-general, said after the board meeting chaired by Prime Minister Prayut […]

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ThaiBev poised for B156bn stake in Vietnam’s Sabeco

Thai Beverage Pcl is poised to take a majority stake in Saigon Beer Alcohol Beverage Corp valued at 156 billion baht, after an auction for Vietnam’s larger brewer attracted no other major bidders. Vietnam Beverage, ThaiBev’s domestic unit, registered to bid for 343.662 million or a 53.59% stake in Sabeco, as Vietnam’s largest brewer is […]

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BoI buzzes in pursuit of Thailand 4.0

The government’s Thailand 4.0 scheme — meant to usher in the country into more value-added, innovative and creative sectors — has made the Board of Investment (BoI) one of the busiest state agencies as it reworks its processes and structures to promote technological changes. One of the novelties is the establishment of the five new […]

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ThaiBev unit registers to bid for Sabeco; to price offer initially estimated at US$4.8b

THAI Beverage Public Co’s (ThaiBev) Vietnamese drinks unit has registered to bid for a 53.59 per cent stake in Saigon Beer-Alcohol-Beverage Joint Stock Corp (Sabeco), and will price its bid by 3pm on Monday, Singapore time, the food and drink group announced before today’s market opening. ThaiBev’s associated company, Vietnam Beverage, had earlier indicated its […]

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Thailand: DHL to add 1,000 delivery locations

DHL eCommerce Thailand, a division of the logistics firm Deutsche Post DHL Group, will expand its local delivery network to 1,000 locations nationwide by 2018, fuelled by online shopping growth in the country. DHL ServicePoints now cover 200 spots in Bangkok and vicinity. Another 500 locations will be added in the first quarter next year. […]

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