Online marketplaces are expected to compete intensely the rest of the year amid the economic slowdown, with new campaigns and tools rolled out to attract both sellers and buyers. Lazada Thailand recently announced a plan to introduce its own online supermarket, called LazMart. The company decided to make Thailand its first market in Southeast Asia. […]
Read MoreThe rapid growth of e-commerce together with the relocation of China-based manufacturing companies has significantly increased demand for modern logistics properties in Thailand. The first quarter of 2019 saw a 16% year-on-year increase in net absorption of modern logistics properties. In fact, the first-quarter figure was more than half of total new absorption in 2018. […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) surprisingly cut its policy rate from 1.75% to 1.50% by a vote of 5-2 on Wednesday. The move was unexpected because the MPC did not signal the need for easing in the statement that followed its previous meeting, something it would normally do. In the previous meeting, […]
Read MoreThe Department of Land Transport announced a plan to roll out a QR-code-based complaint filing system for taxis to improve passenger service standards, one day after it approved the proposal to raise taxi fares. “When the digital licencing system is completely rolled out, taxi and motorcycle taxi drivers will be required to carry a QR […]
Read MoreThailand this week proposed connecting one of its ports to Sihanoukville’s deep-water port in a bid to boost trade between the countries. For in depth analysis of Cambodian Business, visit Capital Cambodia On Tuesday, a delegation from Thailand’s eastern economic corridor met with Cambodian authorities to discuss linking the infrastructures of Laem Chabang Port, in Thailand’s […]
Read MoreThe Thai Chamber of Commerce (TCC) has urged the Bank of Thailand to further ease monetary policy as a means to rein in the baht, while the Federation of Thai Industries (FTI) requested the central bank launch mid and long-term measures to stabilise the currency’s movement. Apart from cutting the benchmark rate, managing offshore fund […]
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