Reporting and analysis on retail, e-commerce, and consumer trends in Thailand, updated continuously by our newsroom.
10 January 2018- Siam Commercial Bank Public Company Limited (“SCB”), a leading bank in Thailand, and Prudential Life Assurance (Thailand) Public Company Limited (“Prudential Thailand”), a subsidiary of UK-based Prudential plc, have agreed to establish a…
After forming an e-commerce partnership with China’s JD.com, Thai retail giant Central Group expects online sales to account for as much as 15 per cent of its revenue in five years’ time, from 2 per cent now. CEO Tos Chirathivat says the $500 million JV,…
Centara Hotels & Resorts, Thailand’s leading hotel operator, announced a long-term lease agreement for Centra by Centara Government Complex Hotel & Convention Centre Chaeng Watthana. Centara’s Chairman of the Board Suthikiati Chirativat signed the agreement…
Centara Hotels & Resorts, Thailand’s leading hotel operator, announced the appointment of Allen Thomas as Vice President Business Development, effective January 1st. Thomas has 28 years of experience developing hotel and resort businesses, a career that…
The age of digital transformation is dawning on Thailand’s economy and society as evidenced by crucial developments in banking, retail and other sectors. The Bank of Thailand reported that commercial banks had shut down nearly 300 bank branches in the country…
Supaluck Umpujh, chairwoman of The Mall Group, said that Thailand 4.0 is an economic model to promote and transform Thailand into a digital economy. Digital economy refers to the widespread use of digital technologies, which are rapidly transforming business…
As part of Thailand’s aspiration to become a cashless society, the country will soon adopt a new nationwide e-payment method using the so-called QR Code familiar to social media users. The Bank of Thailand has approved plans by five commercial banks to…
Richard Yu, chief executive officer of Huawei Consumer Business Group, said that the firm provides Huawei smartphones as a premium brand to cover mid-tier and the high-end global market. The firm’s new intelligence phone will bring together artificial…
Thai AirAsia CEO Tassapon Bijleveld has bought back 36.3% of shares in Asia Aviation, a 55% shareholder of Thai AirAsia, at THB4.70 (USD0.14)/share, covering the purchase of around 1.761 billion shares from King Power Group chairman Vichai Srivaddhanaprabha…
Spread across 70 square metres, this is the brand’s 28th shop in Thailand and is decked out to resemble an art gallery. The display counters resemble picture frames, with white and pastel pink as the main colours hinting at femininity. Pandora encourages…
No more taking the expressway across town to shop for affordable furniture at IKEA. The Swedish furniture and home accessories purveyor is opening its second branch in Bangkok in March 2018 in Bangyai, next to gigantic shopping center, Central Plaza WestGate.…
Buyers have become more price sensitive and less loyal to the online platforms in a trend that has prompted an intense “pricing game”, the event heard. Consumers are switching over to the e-commerce operators that offer better promotions and prices. The…
The overhaul in the excises, implemented in September, had put Thailand Tobacco at disadvantage, as its tax burden had risen disproportionately to that of the foreign producers, Daonoi Suttiniphapunt, Tobacco Monopoly’s managing director, told a press…
Japanese patisserie Chateraise, which is known for having its main factory in the middle of a forest, plans to open 200 shops in Thailand and boost overseas sales to 50 per cent of its total revenue in the next 10 years. With more than 500 outlets mainly in…
Thailand’s first Japanese manga bookstore/cafe, Tezuka Shoten & Cafe, has just opened in Bangkok’s Paradise Park shopping centre. It has been brought to Thailand by MJ Service (Thailand), a company that helps Japanese companies set up in Thailand. MD Toru…
In partnership with the US National Basketball Association (NBA), sports merchandise e-commerce company Fanatics has launched official NBA online stores across Asia Pacific. Fanatics already runs the flagship NBA Store in New York City, the league’s global…
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Thailand
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.
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