Ikea has launched its online store as the Swedish furniture chain seeks to attract forward-looking customers in Thailand. According to Lacia Sherlock, deputy retail manager for Thailand, Singapore and the Philippines, the e-commerce platform was developed for modern shoppers and to meet the changing lifestyles of people who spend a considerable amount of time online. Ms […]
Read MoreStarbucks Corp agreed to license its Thailand operations to a partner, in the latest sign that the coffee behemoth is sharpening its focus on its key markets of China and the US. The company entered into an agreement with Coffee Concepts Thailand, a joint venture between Maxim’s Caterers Ltd and Thai partner F&N Retail Connection […]
Read MoreThe pay and benefits packages of expatriates in Thailand saw a major increase, with the overall package of an average overseas worker increasing by US$27,917 year on year, according to a new survey. Lee Quane of ECA International said the MyExpatriate Market Pay report reflected Thai economic growth He said: “The Thai economy has continued […]
Read MoreDespite the Finance Ministry’s request to ease the new loan-to-value (LTV) requirement, the Bank of Thailand has insisted on maintaining the regulation, saying bad mortgages continued to climb for the three months through March and a further uptick is expected this quarter. The bad-mortgage ratio is expected to keep rising in the second quarter, mainly because […]
Read MoreThe government’s planning unit has lowered its full-year GDP growth forecast to 3.3-3.8% from 3.5-4.5% after the economy grew at its slowest pace in more than four years in the first quarter. The National Economic and Social Development Council (NESDC) reported on Tuesday that GDP rose 2.8% year-on-year in the first quarter, down from a revised […]
Read MoreThe Commerce Ministry is once again warning private hospitals of severe legal repercussions for overcharging patients, after several probes found that many medical facilities often mark up the prices of their medicines by as much as 900%. The source said complaints have been received via the 1569 hotline alerting the ministry to the problem. One caller […]
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Thailand
