Trade between Cambodia and neighbouring Thailand expanded by more than 35 percent last year driven by strong economic growth in both nations. According to data from the Thai Embassy in Phnom Penh, bilateral trade reached $8.4 billion in 2018, a jump of 35.5 percent from 2017’s $6.1 billion. However, Cambodia’s exports declined, reaching only $768 […]
Read MoreModern trade sentiment is expected to become more bullish in the first quarter this year as the upcoming general election and the value-added tax (VAT) refund for Chinese New Year shopping could spur a shopping spree among consumers. Thanavath Phonvichai, vice-president of research at the University of the Thai Chamber of Commerce (UTCC), said the election […]
Read MoreBangkok has maintained its position among the world’s 20 most dynamic cities, ranking 18th in the sixth City Momentum Index published by the property consultancy JLL. The index measures momentum for 131 commercially active cities by tracking a range of socio-economic and commercial real estate indicators over a three-year period to identify the urban economies and […]
Read MoreThe changing lifestyles and preferences of consumers are causing financial distress to many retailers that refuse to reinvent their stores. Traditional retailers are under intense pressure from the rapid transformation of the industry. Consumers want to maximise their shopping experience with minimal effort but maximum convenience. To meet such high expectations, big players are adopting strategies and […]
Read MoreThe value-added tax (VAT) refund for Chinese New Year shopping has received a lukewarm response, with a mere 7,000 people registering for the perk. Since registration opened on Jan 7, only 7,000 of 20 million debit card holders have signed up to get VAT back from spending at participating shops during Feb 1-15, said Lavaron Sangsnit, director-general […]
Read MoreThe baht’s rising value is a result of the US dollar depreciation, stemming from domestic political developments in the world’s largest economy, says the Bank of Thailand. The Sino-US trade disputes have also affected the overall atmosphere of global trade and investment, said Chantavarn Sucharitakul, assistant governor for corporate strategy and relations group at the central […]
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