Consumer spending remains far from improved in the first half of the year as the gloomy export outlook weighs on economic growth. Overall spending power has reached the most critical level in the past five years, said Boonsithi Chokwatana, chairman of consumer goods conglomerate Saha Group. “Consumer spending in the past few months has been […]
Read MoreThailand’s e-commerce market value is expected to surge to US$13 billion by 2025 from last year’s $3 billion on the back of strong global demand for Thai products. The country’s e-commerce sector has several product categories that are in global demand. The top five exports sold through cross-border trade in Thailand’s e-commerce comprise jewellery and […]
Read MoreAlmost all consumers in Thailand (99%) are interested in improving their diets and a majority (82%) have no problem with products being reformulated, provided that taste is not compromised, according to a new report by Food Industry Asia (FIA) and the research firm IGD. The first of its kind in Thailand, the report titled, “Healthier […]
Read MoreVisa cardholders made 15% more transactions and spent 6% more during Songkran this year than they did last year, adding to signs that digital payment is on the rise. The findings indicate that more Thais are embracing digital payment to make purchases both in stores and online as the country pushes towards becoming less cash-dependent, […]
Read MoreDigital disruption and workforce management are challenges at the forefront of billionaire families’ minds, requiring tycoons’ successors to turn their skills towards administrative upheaval. On Thursday, Bangkok Post Plc held Forbes Thailand Forum 2019, “The Next Tycoons”, attended by billionaires and influential business people. Piti Bhirombhakdi, director of Boon Rawd Brewery Group, said every business […]
Read MoreThe Bank of Thailand is set to implement measures to curb hot-money inflows after the baht recently rallied to a more than six-year high. The central bank has been closely monitoring offshore fund inflows, especially those parked in Thai short-end bonds, said assistant governor Titanun Mallikamas. The fund flows could be for both speculative and […]
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