SINGAPORE: Restaurants Development Company is exploring the sale of its KFC franchise business in Thailand, valued at roughly $300 million, as revenue rebounds with a recovery in Southeast Asia’s second-largest economy, three sources aware of the matter said. The Bangkok-based firm, backed by a consortium led by Southeast Asian focused private equity firm AIGF Advisors […]
Read MoreThe baht opened at 36.66 to the US dollar on Tuesday, weakening from Monday’s close of 36.61. The currency is expected to move between 36.60 and 36.80 during the day, Krungthai Bank market strategist Poon Panichpibool predicts. Poon speculated that a weakening dollar may slow down the baht’s downturn, but the Thai currency may drop […]
Read MoreThe Oil Fuel Fund board on Monday resolved to keep the subsidised price of standard diesel in Greater Bangkok at 34.94 baht per litre until the end of this month. Wisak Watanasap, director of the Oil Fuel Fund Office, said the subsidised price would remain unchanged even though the Platts diesel reference price dropped from […]
Read MoreDomestic car sales increased 4.58% in June from a year earlier to 67,952 units, helped by an easing of Covid-19 curbs and increased tourism, the Federation of Thai Industries said on Monday. However, the pace was slower than May’s 15.71% year-on-year rise, the FTI said. Source: https://www.bangkokpost.com/business/2353562/domestic-car-sales-up-in-june
Read MoreThailand’s gem and jewellery exports are expected to fare better than expected this year despite increasing challenges, including the slowing economies of key trading partners, uncertain economic prospects, persistently high inflation caused by the energy crisis and the Russia-Ukraine war. According to Sumeth Prasongphongchai, director of the Gem and Jewelry Institute of Thailand (GIT), the […]
Read MoreOutbound travel has shown early signs of a rebound as restrictions ease across the globe, yet tour operators expect many challenges from ongoing viral outbreaks and economic woes. Charoen Wangananont, president of the Thai Travel Agents Association (TTAA), said outbound tourism was just about to restart when it was disrupted by a spike of infections […]
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