Mall operators, faced with a sharp downturn in foot traffic, are looking into the viability of converting empty commercial space into mini-fulfillment centers for their remaining retail tenants, technology vendors and analysts say. “It’s a very real possibility,” said Max Pedro, president and co-founder of logistics technology maker Takeoff Technologies Inc. Mr. Pedro says at […]
Read MoreThe Federation of Thai Industries (FTI) has expressed serious concerns about the baht’s appreciation and its impact on the export sector, which covers farm produce, food and consumer products. The FTI called on the government on Tuesday to carefully manage the baht’s value and its exchange rates in order to help local industries struggling to deal […]
Read MoreThe gold price is likely to move sideways down in the short and medium term, pressured by the progress of Covid-19 vaccines, but the long term price is still expected to trend upwards, supported by global central banks’ money-easing policies. The global gold price briefly fell on Monday night as Moderna announced that its vaccine […]
Read MoreThe government should speed up providing assistance to groups badly affected by Covid-19, such as hotel operators in Phuket, according to academics. At a forum arranged by the Foundation for Labour and Employment Promotion, Kiriya Kulkolkran, a lecturer at the Faculty of Economics Thammasat University, said the number of foreign tourists in the country has […]
Read MoreDomestic car sales shrank for a 17th straight month in October, down 1.4% from a year earlier to 74,114 vehicles, after a 4.1% fall in the previous month, the Federation of Thai Industries (FTI) said on Tuesday. The improved sales were helped by relaxed coronavirus restrictions, government relief measures and launches of new car models, […]
Read MoreBorrowers showed improved debt-servicing ability in the third quarter, especially for numerous auto loan customers that exited from the Bank of Thailand’s debt relief measures. Commercial banks provided financial assistance to customers worth a total of 3.78 trillion baht from July to September, making up 26% of the commercial bank industry’s total outstanding loans, said […]
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