Reporting and analysis on retail, e-commerce, and consumer trends in Thailand, updated continuously by our newsroom.
Thailand’s second-largest lender by assets, Kasikornbank, plans to open a branch in Ho Chi Minh City in the third quarter this year. “Attention is now focused on Vietnam as a regional investment hub that has attracted the world’s leading companies, including…
Vietnam has applied an anti-dumping and anti-subsidy duty of 33.88 percent on raw sugar from Thailand to protect domestic producers. The Ministry of Industry and Trade said that although its preliminary investigation found Thai sugar exporters have a dumping…
HSBC will build its second onshore private banking business in Southeast Asia with the establishment of a new unit in Thailand. HSBC Private Banking will enable its Thai clients to access international capital markets, according to a statement, while…
Thai Airways acting president Chansin Treenuchagron claims the airline is still on schedule with its debt rehabilitation plan. Thai Airways has until February 2nd to submit its plan to the Central Bankruptcy Court in Thailand after it was granted a one-month…
Thai AirAsia will keep only one-fourth of the staff and ask the rest to take a leave-without-pay offer for four months, starting February, as the re-emerging coronavirus outbreak has dealt a heavy blow to the aviation sector. Tassapon Bijleveld, executive…
While department stores have been a familiar destination for Thai people for many decades, CBRE, an international property consultant, is witnessing a decline in popularity and stunted growth, particularly in 2020 when Covid-19 adversely impacted the sector.…
Malaysian budget carrier AirAsia Group’s travel, e-commerce and fintech unit airasia.com is in partnership talks with several Middle Eastern and European airlines, its chief executive said on Wednesday. Airasia.com CEO Karen Chan said the company was working…
Thai AirAsia Co Ltd (TAA) said the latest Covid-19 outbreak in Thailand has dented the already weak travel sentiment in the country after the company witnessed a whopping 50% plunge in its domestic flight booking numbers this month. “Travel sentiment has…
Proving the ‘flights to nowhere’ trend is taking off, Thai Airways has given religious tourists a bird’s-eye view of 99 holy places across Thailand. Olivia Palamountain reports. Led by “celebrity fortune-teller and religion history expert” Dr Khata…
Thai cement giant SCG Group has acquired its seventh packaging company in Vietnam, Bien Hoa Packaging, at a cost of VND2.07 trillion ($89 million). The company owns a 94.11 percent stake in the company through its subsidiary Thai Containers Group Company Ltd,…
Thailand’s Accommodation Occupancy Rate (AOR): Whole Kingdom data was reported at 30.400 % in Oct 2020. This records an increase from the previous number of 27.930 % for Sep 2020. Thailand’s Accommodation Occupancy Rate (AOR): Whole Kingdom data is updated…
The Central Food Hall supermarket chain has turned to robots to disinfect stores as part of its fight against the coronavirus. The robots use UV-C to sterilize stores. The UV-C light reaches 360 degrees and destroys more than 99.99% of all pathogens nearly…
Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, wraps up the year-end shopping season with a record-breaking 12.12 Birthday Sale. On 12 December, 12 million items were sold in the first 24 minutes and at its peak, 1 million items were…
Tesco announced it has met all conditions for the £8bn ($10.8bn) sale of its businesses in Thailand and Malaysia, which means its shareholders can soon expect a £5bn payout. Selling around 2,000 stores in Thailand and 74 in Malaysia to Thai conglomerate CP…
Thai companies are allegedly dumping sugar in Vietnam and hurting farmers, according to Vietnamese producers. Nguyen Van Loc, general secretary of the Vietnam Sugarcane and Sugar Association, said citing figures from Thailand’s Office of Cane and Sugar Board…
Thai energy firm Gunkul Engineering Plc has acquired the 50-megawatt Phong Dien II solar power plant in the central Thua Thien Hue Province for $39.9 million. The plant is set to begin commercial power generation on December 15 with a feed-in tariff of 7.09…
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