Efforts by foreign retailers to establish a presence in Thailand have faced an uphill climb. The closure of Japan’s Isetan and the sale of UK-based Tesco’s Asian assets to CP Group are the latest evidence underlining the difficulty of sustaining business in the Thai retail market, where local giants have flexed their muscles to become […]
Read MoreDon Mueang International Airport is expected to call bids for three contracts related to the renovation of its international passenger terminal this month, the airport’s director Flying Officer Sumpun Kutranon said recently. Of the Bt126 million earmarked for the project, Bt99 million will be spent on a new, improved air-conditioning system, Bt18 million on new […]
Read MoreThe Commerce Ministry has ordered food delivery business operators to submit their price structures as well as measures regarding Covid-19 prevention to ensure transparent pricing and the safety of customers and delivery staff. Department of Internal Trade deputy director-general Prayote Pensut said the order aims to set a standard for the food delivery business that […]
Read MoreSET-listed Srithai Superware Plc, a leading melamine maker, is ramping up investment this year in Vietnam, which has relatively high growth opportunities, while shelving its investment in Thailand, Indonesia and India. Sanan Angubolkul, chairman and president, said the company will splash out 450 million baht this year to expand its business in Vietnam. Of the […]
Read MoreThe Energy Regulatory Committee has ordered three state electricity authorities to cut electricity bills by three per cent for all types of consumers for the next three months. The reduction will be valid from this month until June, said ERC secretary-general Khomgrich Tantravanich today (April 2). The move is in response to the government’s policy […]
Read MoreThe Thai economy would shrink by 5% this year in the World Bank’s worst-case scenario, with the coronavirus outbreak compounding existing problems like drought, stagnant wage growth, rising unemployment and growing poverty. If the global lender’s forecast holds true, the contraction will be similar to the 5.3% decline projected by the Bank of Thailand and […]
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