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Indonesian insurtech start-up PasarPolis upbeat on Thai expansion prospects

Indonesian insurance-technology start-up PasarPolis, which last year received Series-A funding from three leading unicorn start-ups from Indonesia – GOJEK, Tokopedia and Traveloka – is now expanding its successful business into Thailand and Vietnam. The insurtech firm doing so by redefining insurance through technology on digital platforms to target clients in several sectors, including e-commerce, tourism, […]

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Thailand: Customs Dept eyes fresh incentives for EEC investors

THE CUSTOMS Department is ready to offer investors more incentives, should the new government introduce new policies related to the junta-led administration’s Eastern Economic Corridor (EEC) initiative, customs executives said. The new government, likely to be led by pro-junta Phalang Pracharat Party, is expected to continue the ambitious EEC project. The aim of the initiative […]

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Thailand: TAT, Alipay sign deal to lure more Chinese visitors

The Tourism Authority of Thailand (TAT) has signed a letter of intent with Alipay (Hangzhou) Technology Co to cooperate with the world’s largest online payment platform to lure visitors from China.  The one-year cooperation began yesterday and aims at increasing the number of high-quality visitors from the mainland, said TAT governor Yuthasak Supasorn.  Mr Yuthasak said […]

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Thailand: Call for foreign firm perks

The government is being advised to come up with more attractive investment perks to lure foreign companies ravaged by the ongoing trade row to relocate their production bases to Thailand.  Thosaporn Sirisamphand, the secretary-general of the National Economic and Social Development Council (NESDC), said the special investment packages may need to be introduced to attract foreign companies […]

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Food, beverage company buys Starbucks Thailand

FOOD and beverage firm Fraser and Neave (F&N) has acquired the Starbucks Thailand coffee chain. The company on Thursday said it has entered into an agreement to buy Starbucks Coffee (Thailand). The deal was done through Coffee Concepts (Thailand), a partnership between F&N Retail Connection and Maxim’s Caterers. Maxim’s Caterers is a long-time partner of […]

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Thai officials: US won’t tariff auto exports

Shipments of Thailand’s automobiles and auto parts are unlikely to face penalty tariffs by the US because the export values are deemed insignificant.  Auramon Supthaweethum, director-general of the Trade Negotiations Department, said Thailand’s auto exports made up just a 0.1% market share, or US$231 million (7.36 billion baht), out of total US imports worth $208 billion […]

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