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Thailand: Local startup deals down, funding surges

The number of startup funding deals plunged to 30 in 2020, down from 41 the year before, due to the pandemic as investment focused more on companies in the growth stage, according to tech media Techsauce. However, the total investment in local startups surged to US$364 million (11.4 billion baht) last year, up from $109 […]

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Third wave delays Thai recovery

Thailand’s economic recovery is set to be delayed by the surge in Covid-19 cases and renewed lockdown measures in April and May. The economy has been gradually recovering from the pandemic shock in the first half of 2020, on the back of fiscal stimulus and a relaxing of domestic mobility restrictions, growing 0.2% quarter-on-quarter in […]

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Vietnam: Coffee shop chains increase presence

Despite the pandemic restrictions, the race to open more shops between coffee brands continues full steam ahead. After only five months presence in Vietnam, last month Thai coffee chain Café Amazon announced its plan to open even more stores nationwide this year. A representative of the chain said that Vietnam is still a highlight for […]

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Thailand: Domestic car sales jump 93% y/y

Domestic car sales surged 93.07% in April from a year earlier to 58,132 vehicles, coming off a very low base last year when the country was in a full lockdown, the Federation of Thai Industries said on Thursday. Sales rose 25.47% year-on-year to 74,295 cars in March, a month before a third wave of coronavirus […]

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