Reporting and analysis on retail, e-commerce, and consumer trends in Thailand, updated continuously by our newsroom.
There are an estimated 100,00 vacant condominiums in and around Thailand’s capital as a plunge in Chinese demand hits the property sector. Foreign buyers accounted for one-fifth of the Bangkok’s real estate purchases two years ago, according to estimate from…
Don Don Donki Thailand will expand its retail network this year after a positive trading performance of the first outlet. In partnership with Saha Pathana Inter-Holding (SPI), the holding company for consumer product conglomerate Saha Group, Don Don Donki…
Franchise brands from the US, France and China are eyeing opportunities in Thailand which has become a strong drawcard for offshore companies, according to consultants. Southeast Asian specialist VF Franchise Consulting is holding a franchise-business…
Great Wall Motor announced that it has signed an agreement for the purchase of General Motors’ manufacturing facility in Rayong, Thailand. This announcement is subject to government and regulatory approvals. Under a signed binding term sheet, GM Thailand and…
Bangkok’s world-famous Chatuchak Market has launched a satellite site in Singapore. A 40,000sqft pop-up market located at The Grandstand on Turf Club Road, it marks the first time Chatuchak has been convened outside of Thailand. The market opened this week…
Thai retail and mall conglomerate Central Group is partnering with an Austrian property developer to buy Swiss department store chain Globus. According to the Sonntagszeitung, a Swiss newspaper, both companies will take an equal 50-per-cent share in the…
NokScoot, the joint venture low-cost carrier of Thailand’s Nok Air and Singapore’s Scoot, achieved its best-ever annual on-time performance (OTP) since the start of operation with an average of 86.55% in 2019. The airline’s 2019 punctuality report revealed…
As per reports, Nok Air is expected to resume its operations from April 12, 2020. The airline has cited ‘operational reasons’ behind its decision to suspend the flights. Nok Air, which is a subsidiary of Thai Airways International, had operated its flights in…
Siam Commercial Bank, one of Southeast Asia’s largest lenders, has prompted cuts from analysts on concerns of its loan book. After the bank reported its fourth-quarter results, nearly a third of the analysts who cover the Thai bank cut their recommendations…
Thai developer Thaniya Group plans to invest more than THB1 billion (US$33 million) on renovating Thaniya Plaza, its first major makeover project in 30 years. The project will cover the refurbishment of its exterior and interior design as well as the…
The funds will be invested into the Stellar Network, the blockchain technology underlying Lightnet’s platform, as well as to build a «next-generation financial mobility network.» Bangkok-based fintech Lightnet has raised $31.2 million in a Series A funding…
Thailand hopes to match the rapidly rising global standards in digital banking but Bank of Thailand’s governor notes that it will take more than just the efforts of the central bank. Veerathai Santiprabhob said the central bank will look to launch electronic…
Thai oil company PTT is said to be preparing to make a bid for the Tesco Asia businesses in Malaysia and Thailand. The firm’s retail unit, which also owns the rapidly growing Cafe Amazon chain, will join local retailer Central Group and conglomerate Charoen…
Two Thai billionaires are reportedly preparing bids for the Asian operations of UK grocery giant Tesco. Citing “people with knowledge of the matter”, Bloomberg has reported that Charoen Pokphand Group, owned by Dhanin Chearavanont, and the Chirathivat…
Thailand’s Central Group has launched a new shopping mall, Porto de Phuket, in Phuket. Located at Thalang District, the 40,000sqm development is divided into seven highlighted zones, featuring a wide range of stores and Michelin-starred restaurants. The…
Central Group subsidiary Central Retail Corporation, aims to raise up to THB81.1 billion (US$2.7 billion) in an initial public offering (IPO), which will be Thailand’s largest yet. Central Retail’s IPO price will range between THB40 to 48 per share. The…
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