The Thai Retailers Association (TRA) expects the retail sector to grow in a range of 3-3.2% this year as the economy improves. TRA president Jariya Chirathivat said positive factors driving retail growth include the government’s infrastructure investments, development of the Eastern Economic Corridor and special economic zones. The increase of the fiscal budget by 190 […]
Read MoreThe number of startups rose 42% month-on-month in January, led by jewellery retail and construction, the Business Development Department announced on Tuesday There were 6,279 new businesses registered last month, up 9% year-on-year, department director-general Banjongjit Angsu-Singh said. The value of their registered capital was 16.49 billion baht, dropping by 26% month-on-month and 42% year-on-year. […]
Read MoreAs Vietnam plans to turn tourism into a key economic sector this year, the Unesco World Heritage-listed town of Hoi An needs more Thai investors and experts in hotel management to help provincial authorities develop its tourism sector, the town’s deputy governor said. “Our province wants Thailand to invest in hotels, resorts, homestays, spas, educational […]
Read MoreThailand Post says revenue from its parcel delivery service including express mail service (EMS) will exceed half of its total revenue in 2019, reflecting the spectacular growth of e-commerce. Revenue from its parcel delivery service accounted for 42% of the total in 2016. President Samorn Terdthampiboon said the e-commerce market in Thailand has grown by […]
Read MoreA draft of the long-delayed Retail and Wholesale Business Act is set to go before the cabinet this month, says Commerce Minister Apiradi Tantraporn. The Commerce Ministry is due to submit the draft of the new law governing retail and wholesale business, which was prepared by the National Legislative Assembly (NLA), for the cabinet’s approval. […]
Read MoreThai businesses are ramping up ties with their Myanmar counterparts in five main areas — agriculture, border trade, energy, industrial development and tourism — to tap into vast investment opportunities in the neighbouring country. Panitarn Pavarolavidya, chairman of Thai-Myanmar Business Council, said the council’s first meeting held in Yangon on Feb 3 focused on the proposed […]
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