The top boss of Big C Supercenter has acknowledged that the company is keen to acquire Tesco’s Asia business and has submitted its intent to bid. Aswin Techajareonvikul, the company’s chief executive, said the business model of Big C and Tesco are different in terms of products and locations. “We operate stores in about 60 […]
Read MoreThe government is set to launch fresh measures to stimulate private investment and encourage Thai companies to import more goods, in part to stem the strong baht. Deputy Prime Minister Somkid Jatusripitak said he has already instructed the Revenue and Customs departments to devise additional incentives to entice more private investment and promote Thai companies […]
Read MoreSiam Commercial Bank is seeking approval from the Central Bank of Myanmar (CBM) to upgrade SCB’s representative office to operate under a bank subsidiary licence in the neighbouring country. The subsidiary model would offer SCB greater opportunities to do banking business in Myanmar, said chief executive Arthid Nanthawitthaya. Among the three options that the CBM […]
Read MoreThe passing of the budget for the 2020 fiscal year highlights the growing importance of government stimulus in supporting the Thai economy. The delayed passage also means the boost from the planned increase in expenditure is heavily weighted to the latter quarters of the fiscal year that began on Oct 1, 2019. The package supports […]
Read MoreThe working-age population will witness a downward trend, from 43.2 million to 36.5 million, with the rate of newborns at -0.2 per cent, the National Economic and Social Development Board (NESDB) said. The NESDB forecasts that the Thai population will increase from 66.5 million to 67.2 million by 2028, but will then decrease by 0.2 […]
Read MoreThailand again managed to avoid placement on the US watch list for currency manipulation, while the Bank of Thailand affirmed that steps have been taken to curb the baht’s gain with an almost US$80-billion increase in foreign reserves over the past five years. According to the US Treasury Department’s report to Congress on “Macroeconomic and […]
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