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BUSINESS

Shopee to cut jobs in Thailand amid economic challenges

Suchit Leesa-nguansuk, Published on 26/09/2022

» E-marketplace company Shopee is pursuing fresh job cuts in Thailand, albeit a low single-digit reduction of its headcount in the country, as part of its efforts to attain profitability and weather economic challenges.

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TECH

Bluebik aiming to go global

Business, Suchit Leesa-nguansuk, Published on 02/09/2022

» MAI-listed Bluebik Group, a digital transformation firm, has set an ambitious goal to become a global firm by diversifying to cybersecurity and deep tech like blockchain and metaverse.

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BUSINESS

HMD Global launching 3 new Nokia 'feature phones'

Business, Suchit Leesa-nguansuk, Published on 23/08/2022

» HMD Global, a Finnish company licensed to sell the Nokia smartphone brand, is launching three feature phone models that resemble the company's classic handsets from the 1990s but come with upgraded features, in a bid to target senior citizens, fans of classic items, and those wishing to switch from 2G to 4G-enabled devices.

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BUSINESS

LINE Shopping gears up to attract more merchants

Business, Suchit Leesa-nguansuk, Published on 19/08/2022

» LINE Thailand is gearing up to attract sellers to its e-commerce platform Line Shopping to strengthen its leading position in social commerce amid intensifying competition with short-video platform TikTok recently joining the fray.

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BUSINESS

Co-payment spurs online food delivery

Business, Suchit Leesa-nguansuk, Published on 18/08/2022

» The new phase of the "Khon La Khrueng" co-payment scheme, scheduled to start next month, is expected to spark fresh competition in online food delivery services with leading market players Grab, Line Man Wongnai and Foodpanda rolling out campaigns to reduce their commission fee, known as gross profit (GP), throughout the duration of the programme.

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TECH

Smartphone sales set to struggle in 2022

Business, Suchit Leesa-nguansuk, Published on 13/08/2022

» Thailand's smartphone market is expected to experience flat growth or even decline this year due to the economic slump and a weaker baht, but flagship 5G smartphones, loans and trade-in programmes could help prop up the segment, according to IT product distributors.

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BUSINESS

Sellers unfazed as Facebook scraps live shopping feature

Business, Suchit Leesa-nguansuk, Published on 09/08/2022

» A decision by Facebook to scrap its live shopping feature in October is unlikely to take a heavy toll on e-commerce in Thailand where sellers have not significantly counted on this function for their sales, according to industry pundits.

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BUSINESS

Women prove worthy entrepreneurs

Business, Suchit Leesa-nguansuk, Published on 25/06/2022

» Women have proved to be resilient entrepreneurs with the ability to adapt to challenges as they gain more seats on corporate boards, according to executives of leading organisations.

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BUSINESS

Lazada, Shopee, JD Central rack up losses to gain users

Business, Suchit Leesa-nguansuk, Published on 09/06/2022

» Marred by intense competition and several promotional campaigns, the three major e-commerce operators in Thailand have racked up a combined 39 billion baht in operational losses over the past seven years, according to Creden Data, a data analytics service provider.

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BUSINESS

Panel seeks delay of PDPA enforcement

Business, Suchit Leesa-nguansuk, Published on 05/05/2022

» The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is calling for the postponement of full enforcement of the Personal Data Protection Act (PDPA), scheduled to come into force on June 1, because businesses are unprepared to comply, particularly small and medium-sized enterprises (SMEs) that remain stymied by economic woes.