Tesco looks to open 750 new convenience stores in Thailand Tesco, the UK’s largest retailer, has announced that it could grow its business in Thailand by opening 750 new convenience-style stores. There are currently1,583 Tesco stores in Thailand. Tesco’s Asian investment plunge will likely target the Chinese and South Korean markets as well. The Thai subsidiary, Tesco…
Thai vehicle production shrinks 6.11% YoY in May Thai vehicle production in May 2019 was 181,338 units, which is 6.11 percent lower than the previous year due to declines in both domestic and international markets. BANGKOK, 14 June 2019 (NNT) – The Thai vehicle production yield in May 2019 was lower by 6.11 percent year-on-year…
Facing headwinds in 2019, Thai economy looks better for 2020 The Thai economy is projected to grow 3.8% in 2019, slightly below last year’s 4.2%. The main reason is slower growth in the global economy. thailand-business-news.com reports that this is likely to lead to a deceleration in Thai exports and tourism, which will impact domestic consumption. But…
Thai exports continued to contract by -2.6% YoY in April Thailand’s economy grew at its slowest pace since 2014 in the first quarter of this year as weaker global demand and trade tensions weighed on exports The value of Thai exports fell by -2.6% YoY in April 2019, a downward momentum continuing from negative growth…
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)…
Thai growth slips to 4-year low in Q1 Thailand’s GDP growth slowed sharply to 2.8% year-on-year in the first quarter of 2019 from 3.6% in the previous quarter The National Economic and Social Development Council (NESDC) reported that GDP rose 2.8% year-on-year in the first quarter. Workers are seen carrying out construction work at the…
Thai Economy likely to miss the 3.5% growth target Deputy Prime Minister Somkid Jatusripitak said the global economic slowdown hasweakened exports and reduced domestic consumption Deputy Prime Minister Somkid Jatusripitak said the Thai economy is likely to stay below the 3.5% growth target as projected earlier. He said the global economic slowdown hasweakened exports and…
Citi bullish on tech stocks outlook CITI Thailand, undaunted by the global economic slowdown and escalating trade war between the superpowers, is pressing ahead with the launch of a technology fund that it believes will beat other investment sectors. Don Charnsupharindr, director and retail banking head for Citi Thailand, said the company has partnered with…
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…
BOI, Fiscal Policy Research Institute Foundation arrange “Creating Thai Investors in Foreign Countries” training program BANGKOK, 29 April 2019 (NNT) – To promote Thai investment abroad, all sectors must help one another boost competitiveness. However, it is necessary to invest in what that country needs, which will help strengthen the Thai business sector. The Office of…