Two giant Thai conglomerates, CP Group and Berli Jucker Plc (BJC), look set to continue their expansion into Cambodia’s retail sector. CP Group is interested in opening its first Tesco Lotus supermarket in the Kingdom according to media reports, citing the Cambodian Business Council in Thailand. Tesco Lotus is “looking for at least three hectares […]
Read MoreThe baht opened at 32.74 to the US dollar on Monday, weakening from last week’s closing rate of 32.65. The Thai currency is likely to move between 32.65 and 32.80 during the day and between 32.50 and 32.90 this week, Krungthai Bank market strategist Poon Panichpibool said. Poon predicted that the baht would drift sideways […]
Read MoreThe government announced last week that it was planning to reopen Bangkok, Chonburi, Phetchaburi, Prachuap Khiri Khan and Chiang Mai within the first week of October. This second-phase reopening will, of course, depend on the number of people vaccinated against Covid-19 in each province. This phase is being launched after the first-phase reopening of four […]
Read MoreConsumer confidence plunged to the lowest level in almost 23 years in August thanks to the government’s tight restrictions to contain Covid-19 spread in 29 provinces. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index fell to 39.6 in August from 40.9 in July, 43.1 in June, 44.7 in […]
Read MoreThailand’s digital industry is expected to see double-digit growth this year, buoyed by a strong digital service sector, according to the Digital Economy Promotion Agency (Depa). The digital industry is projected to reach 727 billion baht in value this year, up from 650.5 billion baht in 2020. “The digital industry will achieve double-digit growth this […]
Read MoreJapan Freight Railway Co has opened a representative office in Bangkok to scale up feasibility studies on business opportunities in Thailand. The company in the Japan Railway group said it obtained governmental approval on Sept 2 for the opening of the office, its first outside Japan, in Wattana district. It has two staff members, including […]
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