Private sector waits for new economic ministers to raise investor confidence The private sector says they’re waiting to see the new ministers emerge from the current negotiations that will be in charge of economic portfolios, who may raise the confidence of investors. Meanwhile, the Consumer Confidence Index was at 77.7 in for the month of…
Thailand’s food delivery business up 14% in 2019 “Diners are increasingly ordering food online platforms, and eating out at restaurants less.” We’re eating in more and dining out less. But we can still enjoy our favourite restaurant food. Welcome to the latest ‘disrupter’ making inroads to our eating habits. KResearch (a part of Kasikorn Bank)…
Food delivery business to reach THB33-35 billion in 2019 KResearch estimates that the food delivery business in 2019 will amount to THB33-35 billion, up 14 percent from the previous year Food delivery applications are an example of ‘digital disruption’, in which digital technology transforms not only consumer behavior but also restaurants’ food supply chains. KResearch…
Incomes on the rise for Thai expats “The Thai economy has continued to see an upward trend in recent years, with a steady and sustained increase in overseas business…” The pay and benefits packages of expats in Thailand has seen a major increase, with the overall package of an average overseas worker increasing by US$27,917,…
WeWork opens up in Bangkok. What is WeWork? “This will pave the way for WeWork’s unique proposition to connect two major groups within the WeWork community: corporations looking to innovate, and start-ups looking to grow and better establish their business.” WeWork has started operations in Thailand. So what is WeWork? WeWork – a platform for…
EGCO posts 47% Q1 gain due to increased power generation Electricity Generating Public Company Limited is showing Bt2,915 million in first-quarter 2019 operating profit as it looks to future growth. Looking forward, EGCO Group is planning to convert its former power plant land in Rayong into an industrial estate within the Eastern Economic Corridor (EEC)…
Beam me up Phuket – new space theme hotel for the island A 150 key space themed hotel is under development in Kathu, Phuket, by a Singaporean group . Located close to the Central Festival and Makro complexes, the project is expected to open next year according to a report in TTG Asia. The One Pioneer…
The future of digital TV in Thailand Digital TV industry encounters pressures from both revenue and cost perspectives leading to a downward trend in operating margin In January 2019, the National Broadcasting and Telecommunications Commission (NBTC) approved in principle for recall of the 700MHz band, currently being used for digital terrestrial television, for 5G development…
Thai Property market : condo launches to slow to 61,000 – 64,000 units in 2019 More than 77 percent of respondents, who are interested in buying a condo between 2019-2020, said they want to purchase a condo as their residence Condominium developers are expected to face greater challenge in 2019 due to increasing economic uncertainty…
Thai Union in multipronged approach THAI UNION GROUP, a world leader in seafood, is exploring new emerging markets to expand its business and investment, in order to enhance competitiveness. While the company will maintain its three major export markets – the United States, Europe and Japan – it now aims to further spread its products…