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Central Group unveils TAT tie-up in bid to woo foreign tourists
Central Group has partnered with the Tourism Authority of Thailand (TAT) to turn the country into a world-class tourism destination, rolling out major events and year-end campaigns to capitalise on the tourism recovery. The group said the number of foreign tourists visiting its malls, department stores and affiliated businesses this year almost doubled compared with […]
Thai industrial sentiment hits 3-year low
Thailand’s industrial sentiment index fell to its lowest level in three years in August on worries about domestic political uncertainty, a strong baht currency and tariffs imposed by the United States, the Federation of Thai Industries (FTI) reported on Wednesday. After falling for the past six months, the FTI said sentiment may pick up on […]
New ministers may lift economic growth
Kasikorn Research Center (K-Research) expects key economic cabinet appointments by Prime Minister Anutin Charnvirakul will lift public confidence and raise Thai GDP growth above earlier projections. Burin Adulwattana, managing director at K-Research, said the proposed economic ministers, particularly those from the private sector with strong expertise, credibility and trust, are likely to enhance confidence among […]
Dreame Strengthens Thai Presence and Broadens Categories in SEA
Dreame Technology, a global leader in high-end consumer electronics and intelligent manufacturing based in Suzhou, China, sees Thailand as a high-potential market for home appliances. The company is strengthening its presence in the country with new product lines. Meng Jia, director of Dreame Robot Vacuum, described Dreame as a “consumer-centric, tech-driven brand” that prioritises artificial […]
Gulf sees Thailand as data centre, cloud services hub
Thailand has the potential to become a hub for data centres and cloud services in Southeast Asia, due partly to the development of more facilities in this sector, says Gulf Development Plc, Thailand’s largest energy company by market value and a telecom operator. Gulf is among several companies that have announced plans to venture into […]
CPN to open first phase of Central Park
Central Pattana Plc (CPN), Thailand’s leading real estate developer, plans to open the first phase of Central Park, its 43rd shopping centre, on Sept 4, targeting 25 million visitors per year. The new mall is part of the Dusit Central Park mixed-use development covering 130,000 square metres of gross building area. Dusit Central Park includes […]
Eatery operators warned of harmful consequences of price war
The Restaurant Association says the ongoing price war in the industry is not a healthy approach for business. However, if companies continue to engage in a pricing strategy, a marketing expert has recommended damage control measures. Ake Pattaratanakun, head of the marketing department at Chulalongkorn Business School, said the Thai retail sector faces tough challenges […]
Grab Posts Surge in Orders Among Expats and Digital Nomads
Grab has reported a 50% surge in delivery orders from expatriates and digital nomads in Thailand over the past 12 months, with Thai cuisine such as fried rice, chicken rice, and Thai tea becoming clear favorites among international users. The ride-hailing and delivery giant has also seen GrabBike usage grow by 30% among this demographic, […]
Talks depend on truce in border altercation
Though the US has already reached trade agreements with many countries, Thailand’s negotiations with Washington remain complicated in the final phase as President Donald Trump says a Thailand-Cambodia truce is a condition for resuming trade talks. Wikij Tirawannarat, senior vice-president of Bualuang Securities, said the border standoff could have economic consequences given Trump’s condition. Trump […]