The link will enable more seamless payments for the high volume of remittances between the two neighbors, which reached S$1.3 billion ($960 million) in 2020. Singapore and Malaysia’s central banks will be embarking on a phased linkage of PayNow and DuitNow,…
The bank said it would invest up to $500 million in digital innovation initiatives to reach its goal of serving more than 7 million customers in Asean. With digital banking now the preferred choice among UOB customers, the bank is «doubling down» on its…
The tech-enabled coffee chain, Flash Coffee, is accelerating its Asian expansion plan, making its Hong Kong debut this month and committing to opening its first stores in Japan and South Korea later this year. Launched last year, Flash Coffee already operates…
Thai company SCG Packaging has announced plans to invest $353 million to expand in Vietnam. It will build a new plant in the northern province of Vinh Phuc, which will increase its capacity by 74 percent to 870,000 tons of packaging paper a year when it goes…
Thai home furnishings retailer Index Living Mall Co Ltd has opened a new store under a partnership with Indonesian-based CT Corp in Jakarta. s in PT Retail’s Transmart Carrefour complex in the city’s CempakaPutih district. It covers 2,500 square metres of…
Vietnam surpassed Thailand in the first half of this year to become the biggest exporter of tuna to Israel. It accounted for 31 percent of Israel’s imports while that country became Vietnam’s third largest market behind the U.S. and Italy. Israel bought less…
The Covid-19 pandemic has made it difficult for Vietnamese dragon fruits, in season now, to be exported. China, which accounts for some 80 percent of Vietnam’s total dragon fruit exports, has restricted the flow of goods at some border gates as part of its…
Thailand allowed shopping malls in the capital Bangkok to reopen on Wednesday and restaurants to operate at half capacity, after nearly three months of tough restrictions aimed at containing the country’s worst coronavirus outbreak. The move comes after…
AirAsia Thailand will return to the skies starting with domestic flights beginning Sept 3, 2021 following an announcement by the Civil Aviation Authority of Thailand allowing the operation of regulated flights. The reinstatement of flights by AirAsia Thailand…
When Vietnamese Prime Minister Nguyen Xuan Phuc visited Thailand in August, a red carpet was rolled out for him at Central Group’s Central Ladprao, a shopping complex in downtown Bangkok. The premier had been invited to attend the opening ceremony of a…
The Saigon-Hanoi Commercial Joint Stock Bank will sell a 50 percent stake in its consumer finance division, SHB Finance, to Thailand’s Bank of Ayudhya. Vietnam’s fifth-largest bank said in a statement it would sell the remaining 50 percent to Bank of Ayudhya…
The pilot will initially be conducted on a limited group under the BOT before it is expanded to the public, retail stores, banks and non-banking facilities. The Bank of Thailand is set to begin testing a retail central bank digital currency (CBDC) in the…
AirAsia Group’s digital arm has launched a food-delivery service in Thailand as it ramps up its non-airline business operations to mitigate falling demand for travel during the Covid crisis. AirAsia Digital operates Super App that has already been downloaded…
Thai AirAsia (TAA) has suspended all flights this month and deferred paying its staff either wholly or partially until September. The airline, regarded as one of the most robust domestic carriers, has faced a financial crunch from consistently low passenger…
Mr. Sathien Setthasit, Chairman of TD Tawandang, proprietor of TOOKDEE retail store, reveals that TOOKDEE brand aims to set new standard for convenience stores in local communities that are vital base of grassroots economy in Thailand. With elevated standard,…
Thai renewable energy firm BCPG Pcl on Tuesday said that its consortium had signed a 25-year agreement to deliver wind energy from a 600-megawatt project in Laos to Vietnam. An agreement between Vietnam’s electricity firm EVN and Impact Energy Asia…
Retail Academy: Thailand
Free background guides on how retail works in this market.
A mature, highly organised retail market where a handful of groups control the best space, tourism moves the numbers, and convenience density is world-class.
Who the landlords are, how leases are structured, what drives rent, and how to choose a location in Thailand.
Asia Market Guides · 8 min read
Weekly Briefing
Asia's retail intelligence, in your inbox
Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Top industry moves and market shifts
Weekly data-driven analysis from across Asia
Tuesday, Thursday and the Saturday Weekly Wrap
Read by retail operators, investors and brand teams across Asia.