Competition is ramping up in Thailand’s nascent e-commerce industry, with larger players fighting to attract lucrative brand deals and local partnerships. “Thailand’s e-commerce segment will continue to have intense competition for at least another five years, reducing the number of major players from 3-4 to only two,” said Pawoot Pongvitayapanu, founder of Tarad.com, which is 51% […]
Read MoreInflation was 1.24 per cent higher in March than the same month last year, the Commerce Ministry reported. The upward trend has continued for five straight months, driven mainly by the rising prices of fresh produce and oil. Inflation for the first quarter of the year stood at 0.74 per cent, down 0.8 per cent […]
Read MoreFirm eyes hotel management in four cities, teams up with Thai developer Sansiri US-based Standard International, the parent company of The Standard Hotels and the Bunkhouse Group, plans to manage four new hotels in Thailand in view of the continuous growth in tourist arrivals in the country, the company’s chief executive officer Amar Lalvani said […]
Read MoreAverage land appraisal prices nationwide are expected to increase 10-20% when the new evaluation comes into force next year, says the head of the Treasury Department. The department is still appraising land prices, said director-general Amnuay Preemonwong. The new appraisal version alters the way land is evaluated, replacing block areas with land parcels to serve the […]
Read MoreIndonesia, along with two other members of the International Tripartite RubberCouncil (ITRC) — Malaysia and Thailand – will cut the export of natural rubberin an attempt to stabilize the commodity’s global price. Starting April 1, Indonesia will cut rubber exports by 98,160 tons over the next four months, while Malaysia will cut the export by 15,600 tons and Thailand, the largest rubber producer, will cut […]
Read MoreMost board meetings follow a predictable blueprint. The chairman calls the meeting to order. The agenda items are reviewed. The last meeting minutes are approved. Quarterly performance figures are discussed. But compliance to form does not guarantee substance, let alone performance, argues Kulvech Janvatanavit, chief executive of the Thai Institute of Directors (IOD). “It’s not just […]
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Thailand
