Thailand’s manufacturing production index (MPI) gained momentum in September, increasing by 3.25% to 94.7 points from August, with household equipment and furniture among businesses that see bright prospects, says the Office of Industrial Economics (OIE). The gradual increase in MPI for the fifth consecutive month reflects the better situation in the manufacturing sector officials believe […]
Read MoreJapan’s Tokyu Department Store has become the latest Japanese retailer to pull out of Thailand. The Tokyo-listed Tokyu group informed suppliers early this week that it plans to close its last department store branch at MBK shopping mall on Phaya Thai intersection in January next year. An MBK executive who asked not to be named […]
Read MoreEnergy experts have called on the government to reform electricity trading, allowing power firms to compete with the Electricity Generating Authority of Thailand (Egat) in order to reduce power bills for households and solve the oversupply of national power reserve. Egat has monopolised the market for 50 years, being a single buyer that sells electricity […]
Read MoreThe student-led protests against the government will not seriously affect the domestic economy as foreign investors view them as a short-term event, less frightening than the pandemic, says Industry Minister Suriya Jungrungreangkit. He said people in the business world understand the political dispute and expect the government to be able to cope with the situation. […]
Read MoreE-commerce titans Lazada and Shopee, which have splurged on spending, racking up some 20 billion baht in losses the past five years, are unsettling local distributors, dealers and modern trade operators that are losing revenue to these e-marketplace giants, says a pundit. Pawoot Pongvitayapanu, founder of local e-commerce platform Tarad.com, said it is imperative for […]
Read MoreRobinhood, a local food delivery platform under Siam Commercial Bank (SCB), anticipates posting losses for the next three years under a no gross profit (GP) policy to support small merchants. The Thailand-based food delivery platform held the soft launch of its service on Monday, which waives the GP fee, usually in the range of 30-35% […]
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