Reporting and analysis on retail, e-commerce, and consumer trends in Thailand, updated continuously by our newsroom.
Thai AirAsia X will operate six Christmas and New Year scheduled charter flights to Tbilisi Georgia from its home base Bangkok Don Mueang airport. Bookings are mainly generated by Thai outbound travel agents promoting tour packages to Georgia for the festive…
Nok Air is seeking to raise THB2.22 billion bahts (USD73.5 million) from existing shareholders through a new share issuance, the Thai low-cost carrier said in a stock market filing. The Thai carrier’s Board of Directors proposed issuing 888,147,358 new shares…
Food business Thai Union Group has increased its shareholding in Thammachart Seafood Retail to 65 per cent in a move to capture a greater portion of the seafood industry in Thailand. The firm purchased its initial 25.1-per-cent shareholding in Thammachart…
Bangkok Bank emerges as the buyer of PT Bank Permata after Singapore’s DBS and OCBC reportedly backed out from bidding. Thailand’s second-largest lender Bangkok Bank bought Permata for about $2.7 billion to obtain a near 90 percent stake from Standard…
Indonesia, forecast to grow at 5 percent in 2020, offers growth potential for Bangkok Bank, which is looking for a new market in the region. Bangkok Bank is said to have emerged as the frontrunner for Bank Permata, Standard Chartered’s Indonesia bank, citing…
A sale of the Tesco Asia business by its UK parent would prioritize shareholders over sound long-term economic strategy, says GlobalData. Over the weekend, Tesco announced it had received an expression of interest from an unnamed party to acquire the Tesco…
British grocer Tesco is considering exiting Asia with a shock sale of its operations in Thailand and Malaysia. Tesco has confirmed that following an inbound interest, it has “commenced a review of the strategic options for its businesses in Thailand and…
Loss-ridden budget airline Nok Air is recruiting pilots and flight attendants and will acquire two new planes to serve high-season demand as its rehabilitation plan shows positive effects, its chief executive Wutthiphum Jurangkool said on Wednesday. He said…
Thai supermarket business Big C is planning to spend THB6.5 billion (US$214 million) on expansion both domestically and internationally next year. While the majority of the funds earmarked for growth will go towards development within the brand’s home…
The central banks of Hong Kong and Thailand are working to launch a digital currency to facilitate cross-border trade. Following a signed agreement to bolster financial technology collaboration, the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand…
Following on from the launch of low-fares and holiday deals in Kuala Lumpur earlier this week, Thai AirAsia is marking the group’s 18th birthday with more promotions. Promotional fares are as low as THB318 for BIG members and THB361 for a non-member on…
Japanese used designer products retailer Komehyo has launched in Bangkok. The CentralWorld shopping complex outlet opened on Friday in cooperation with local partner Saha Group. It is part of the firm’s drive to expand throughout Southeast Asia. “With no…
CIMB Bank Singapore branch on Thursday announced a collaboration with SESAMi Holding to finance digital invoices under an automated workflow. Suppliers on SESAMi Holding’s platform will be paid immediately on their outstanding invoices within two business…
Gamification within Thai banking has proven to be a hit for fintech firm Meniga, which has seen the concept flourish enough to drive clients to top up savings to increase their «level». Meniga is focused on developing white-labeled digital user experiences…
Siam Commercial Bank (SCB) and Liquid Group today announced a strategic partnership to enable cross-border QR payment acceptance in Singapore and Thailand. With the opening of the Singapore – Thailand corridor for QR payments, SCB will be acting as the…
The Singapore-based firm has made its first foray into an overseas market, and is promising Thai travelers affordable options to pay with the competitive exchange rates when abroad. YouTrip, a multi-currency mobile wallet designed with travelers in mind, is…
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