Central Group, which owns retailer Big C Vietnam, has temporarily stopped sourcing garments from local suppliers to facilitate restructuring. “To restructure the group’s garment sector in the Vietnam market, we have decided to suspend the procurement of garments starting from July 2019,” the Thai group informed its suppliers on Tuesday. This will last until further […]
Read More[BANGKOK] Thailand’s central bank is fretting over the world-beating surge in the nation’s currency. Related departments at the Bank of Thailand are looking at possible measures as the monetary authority is “worried” about the baht’s comparative strength, its senior director Don Nakornthab told reporters in Bangkok on Wednesday. He also said that there’s room for […]
Read MoreA hike in the daily minimum wage could discourage Chinese manufacturers in labour-intensive industries from relocating their production base to Thailand, says a Chinese banking executive. “This is a very big problem for some low-end [Chinese] factories,” said Zhigang Li, chairman of the board of directors at ICBC Thai. “If the labour cost increases, they […]
Read MoreSame-day delivery, quality 24-hour service and a slowing price war with Chinese logistics firms are brightening prospects for the Thai logistics sector, says Shippop, a local logistics aggregator. E-logistics services are booming, the startup said, driven by the popularity of e-commerce, even in the face of an economic downturn and fierce competition among global e-marketplace […]
Read MoreThe Tourism Authority of Thailand is reaching out to the US LGBT community to help broaden Thailand’s tourism base and attract more travellers. The TAT sent a contingent to New York’s annual pride parade, held on World Pride Day, to lure more tourists to the Kingdom. The parade was held last Sunday. TAT are using […]
Read MoreGDP growth is likely to come in below 3% in the first half before revving up in the latter half on an expected recovery in exports, says a senior Bank of Thailand official. Economic growth is predicted at 2.8% in the first half and 3.8% in the second, bringing full-year growth to the 3.3% forecast […]
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