E-commerce penetration in the retail sector could triple in the next few years as the pandemic pushes brands to go online and cross-border sales increase, says JD Central, an e-commerce joint venture between Central Group and Chinese internet giant JD.com. “Thailand’s online retail market accounted for 8% of total retail sales in 2020, which means […]
Read MoreTHE Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) on Thursday announced the linkage of both countries’ real-time retail payment rails to facilitate faster and cheaper cross-border transfers. The linkage of Singapore’s PayNow and Thailand’s PromptPay is the first instant cross-border payments infrastructure to be established globally, tackling key pain points such […]
Read MoreThailand’s manufacturing production index (MPI) in March reached its highest level in 29 months, increasing by 4.12% year-on-year to 107.73 points, an 8.39% rise from February. The positive results are due partly to the government’s economic stimulus packages and the fact that recent restrictions to curb the spread of Covid-19 are not affecting the operations […]
Read MoreThe price index of low-rise houses in Greater Bangkok picked up in the first quarter of 2021 after decreasing for three consecutive quarters because of rising demand, according to the Real Estate Information Center (REIC). Vichai Viratkapan, the centre’s acting director-general, said demand for low-rise houses in Greater Bangkok was on an upward trend, driving […]
Read MoreBetter prospects for the construction industry are expected to further push up the Construction Materials Price Index (CMI) in the second quarter, following its rise the first three months this year, driven by higher steel prices. The index, which indicates price changes in 134 construction materials in 12 provinces, increased by 5.4% year-on-year to 110.2 […]
Read MoreThe private sector has pledged to move forward and collaborate with the government to speed up vaccine distribution and seek alternative vaccines to build up the country’s confidence. Sanan Angubolkul, the newly-appointed chairman of the Thai Chamber of Commerce (TCC) said on Wednesday after meeting with Prime Minister Prayut Chan-o-cha that 2,629 companies are set to […]
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Thailand
