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 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 MoreFifteen Asia-Pacific nations including China aim to clinch the world’s largest free-trade agreement this weekend, the culmination of Beijing’s decade-long quest for greater economic integration with a region that encompasses nearly a third of the global gross domestic product. The Regional Comprehensive Economic Partnership (RCEP), which includes 10 Asean members including Thailand and countries stretching […]
Read MoreThailand remained 43rd out of 63 economies in the talent competitiveness ranking by the Institute for Management Development (IMD), pressured by a decline in public expenditure on education and labour force growth. The pandemic weakened countries that base their overall competitiveness on the talent economy as a large part of this is attracting talent from […]
Read MoreSalary increases in Thailand dipped below 5% for the first time in 10 years to 3.7% in 2020, while salaries next year are expected to rise 5%, according to a survey by Mercer Thailand. The figures are based on the annual Thailand Total Remuneration Survey 2020 by Mercer Thailand, which surveyed 577 companies across multiple […]
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