A recent ruling by the Office of the Trade Competition Commission (OTCC) raised eyebrows when it granted conditional approval to the acquisition of the local retail business of Tesco by Charoen Pokphand (CP) Group, causing some to question if the Thai conglomerate has a monopoly. Among the conditions of the US$10.6-billion acquisition deal is a […]
Read MoreProgress towards a coronavirus vaccine is fuelling optimism Thailand will soon reopen for mass tourism. Overseas investors are already piling into the country’s financial markets. Inflows into Thai sovereign debt have climbed to the highest in 17 months in November, even though the month is less than half over. The baht has strengthened almost 3% […]
Read MoreThe Government of Laos has given the green light for a planned Vang Vieng to Luang Prabang expressway, reducing travel time between the two tourist towns. Vientiane Times reports that the newly approved expressway, part of a larger scheme to link Vientiane with China by road, would see a 136.9km section from Vang Vieng to Luang Prabang. […]
Read MoreThe Asian Development Bank (ADB) has approved US$483.8 million loans to construct a 64-kilometre long new expressway connecting Kyaikto township in Mon state and Bago region. It is aimed at supporting the development along the Greater Mekong Sub-region (GMS) east-west economic corridor. “The Second GMS Highway Upgrading Project will help the government build the four-lane, […]
Read MoreConsumer sentiment recovered in October after falling for the first time in five months in September when concerns over political instability, a slow economic recovery and higher unemployment as a result of the pandemic were at their highest. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index edged up […]
Read MoreThe Kingdom’s construction sector is being boosted by local investors who have stepped in to replace foreign investment projects hindered by COVID-19, according to insiders. Chiv Sivpheng, general manager of Cambodia Constructors Association, says that the pandemic has led to a sharp decline in foreign investments in large construction projects. “Most of the projects that […]
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Thailand
