Central Group, Thailand’s biggest shopping Central and department store operator, is planning to invest US$200 million (6.3 billion Thai baht) in ride-hailing giant ‘Grab’, according to sources ‘familiar with the matter’ today. The deal seals a strategic partnership where the Thai retail giant will help Grab expand its business in Thailand. Central Group would invest…
From #BTS (the band not the Skytrain), to #AIS and #KFC. Twitter have released their #YearOnTwitter data for 2018 for Thailand. 2018 was a year dominated by local and international talents: from #BTS and #GOT7 to @BamBam1A and @peckpalit, while TV dramas also made their mark with conversations centering around #บุพเพสันนิวาส (Bupaesaniwas) and #เลือดข้นคนจาง (In…
Thai PM Prayut Chan-o-cha has stepped in amid growing controversy over patents for medical marijuana. Critics of the process complain that the high number of patent applications from abroad shows that foreign pharmaceutical corporations were already trying to monopolise Thailand’s fledgling medical-marijuana business. The NCPO leader has used his Article 44 powers to authorise suspension…
Last year, Pattaya saw 10,239 condominium units launched with a combined worth of 55 billion bHT (USD1.7 billion), a huge jump from JUST 2,192 units in 2017. Phattarachai Taweewong, the Senior Manager of Collier’s research department, told Bangkok Post that a large portion of the homes remain unsold due to the massive supply last year, The…
Thailand’s ongoing efforts to create a comprehensive ecosystem to support the country’s digital industry have been progressing rapidly in recent years thanks to such government flagship initiatives as Digital Park Thailand (EECD) and Smart City. The development of cutting-edge infrastructural facilities to support these initiatives has brought unprecedented opportunities for investors and business leaders, Thailand’s Board of Investment…
The Deputy Prime Minister of Thailand has revealed that the total amount of investment promotion application in 2018 reached 901,770 million baht, which exceeded the original target by 25%. Investment applications in the EEC accounted for more than 680,000 million baht. Deputy Prime Minister Dr. Somkid Jatusripitak said after a meeting with the Board of…
The Board of Investment of Thailand (BOI) has laid out strategies to boost the development of rail services and the country’s cruise tourism. Duangjai Asawachintachit, BOI secretary general, says the latest BOI meeting chaired by the Prime Minister had resolved to instigate measures to attract investment in rail development and related infrastructure for continued economic…
Thailand ranked number 10, or fourth country of the Asean block after Malaysia, the Philippines and Singapore Malaysia has been crowned as the best country in the world to invest in or do business for 2018, according to the CEOWORLD magazine. Poland took silver, followed by Philippines (No. 3), Indonesia (No. 4), and Australia (No.…
The 2016 and 2017 Google-Temasek reports foresaw a $200 billion internet economy in the region by 2025 But this year, the same researcher sees such drastic market acceleration that it now expects that number to be closer to $240 billion Southeast Asia’s internet economy, including e-commerce, online travel and online media, will be worth $240 billion by 2025, according…
Huawei Technologies Thailand makes the first move to invest and offer public cloud services in Thailand. The company’s cloud-based data centre is located in Amata Nakorn City in the Eastern Economic Corridor Indorama Ventures Pcl expects to close three deals worth around $1 billion by this year end. Meanwhile, Huawei Technologies Thailand makes the first…