Investors are riding the reflation investment trend with commodities and consumption-related stocks outperforming again, as the global economy recovers and brings with it another wave of inflation. Conversely, investors are selling off gold and secured assets that once performed well during the uncertainty of the pandemic, but are now dropping in profit return. As there […]
Read MoreE-commerce giant Lazada has vowed to amplify its investment in key marketing campaigns and roll out a series of new solutions, including a cross-store platform promotion tool this year to spur customer spending amid the pandemic. According to mobile data and analytics platform App Annie, Lazada saw 26 million active users in December last year, […]
Read MoreThailand’s GDP growth outlook this year remains weak as economic drivers are unreliable at this stage, with the vaccine rollout — the only positive factor for sentiment in the short term — yet to begin, says Standard Chartered Bank Thai. The first vaccine shots in Thailand will be administered by the end of this month as […]
Read MoreAirlines and hotels dubbed the tourism situation this year as being a worse crisis than the first outbreak of the pandemic, leaving them to cling to the hope of a remedy from the government. Tassapon Bijleveld, executive chairman of Asia Aviation, the largest shareholder of Thai AirAsia (TAA), said when international tourists return in the […]
Read MoreCharoen Pokphand Group, the country’s biggest agribusiness conglomerate, has dropped the Tesco brand in Thailand after the completion of a US$10.6 billion-baht purchase deal. The change in brand marks the end of a 23-year presence of the British hypermarket chain in Thailand where it became a household brand with over 2,000 locations across the country. […]
Read MoreThe cabinet has approved a 50-billion-baht low-interest loan programme to assist informal workers and small and medium-sized enterprises (SMEs) related to the tourism sector. Since the new wave of the Covid-19 outbreak resulted in certain areas being placed under stringent control, subsequently affecting people’s livelihood and businesses, especially those operating in the tourism sector, the […]
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Thailand
