The controversial acquisition of Tesco by CP Group could leave lasting damage on the economy, several trade commissioners have warned. The government’s competition watchdog approved the Group’s US$10.6-billion acquisition of the British supermarket’s Thai operations last week. The deal would see CP acquire 86.9% of Tesco’s Thai operations and 100% of the UK retailer’s Malaysian […]
Read MoreReducing the mandatory quarantine period and reopening the border safely and slowly are the keys to tourism recovery for all stakeholders as domestic demand alone is not sufficient for survival, according to Minor Hotels. Small businesses will be hurt more than big players if the borders remain closed, with the unemployment rate expected to surge, […]
Read MoreMigrant workers from Myanmar, Laos and Cambodia whose work permits expire next year are being allowed to continue working in Thailand for up to two more years. Permission for the legally registered migrant workers to stay longer was approved at the weekly cabinet meeting on Tuesday, according to deputy government spokeswoman Rachada Dhnadirek. She said […]
Read MoreThe Eastern Economic Corridor (EEC) Office plans to increase its investment of 1.7 trillion baht in targeted industries as global trade and investment are expected to rebound with US president-elect Joe Biden’s rise to power. Officials are adjusting the five-year investment plan, which starts this year, and will forward the new version to Deputy Prime […]
Read MoreUp to 86% of Thais are planning to shop online on Nov 11, a popular day for deals on various e-commerce platforms, according to a survey by Marketbuzzz. However, only 37% will actually go to brick-and-mortar stores for the event. The survey of 500 people also revealed the median amount shoppers plan to spend is […]
Read MoreThe Securities and Exchange Commission (SEC) is scheduled to complete its regulatory guillotine plan by 2022, meant to cut redundant regulations and tighten bureaucratic processes. It is designated as a key project under the SEC’s 20-year strategic plan (2018-37). The regulatory guillotine is a review of existing laws and regulations with the objective of reducing […]
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Thailand
