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BUSINESS

Siam Commercial Bank's purchase of crypto exchange Bitkub stalled

Published on 01/08/2022

» A deal to sell a majority stake in Thailand’s largest crypto exchange to the nation’s oldest bank remains stuck in due diligence more than eight months after the plan was unveiled, according to the platform’s co-founder.

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BUSINESS

Thai Life Insurance trades flat after biggest 2022 Bangkok IPO

Published on 25/07/2022

» Thai Life Insurance Plc traded flat on its debut in Bangkok, following the country’s biggest initial public offering this year.

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BUSINESS

HappyFresh keen on expansion into provinces

Business, Suchit Leesa-nguansuk, Published on 22/07/2022

» HappyFresh, an Indonesia-based online grocery delivery platform, is preparing to expand its reach to second-tier cities in Thailand to tap underserved markets amid intense competition in the segment.

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BUSINESS

Prices drop amid competition in express delivery segment

Business, Suchit Leesa-nguansuk, Published on 19/07/2022

» Competition in the express delivery segment is expected to intensify later this year with some operators now employing a price cut strategy to attract customers as fuel prices are cooling down.

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BUSINESS

Ministry unveils discount packaged rice measure

Business, Phusadee Arunmas, Published on 08/07/2022

» The Commerce Ministry has teamed up with the Thai Rice Mills Association, Thai Rice Packers Association and petrol stations to sell 1.5 million kilogrammes of packaged rice at a discount of up to 48% or 5-100 baht to help mitigate the cost of living.

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BUSINESS

Citi bullish on Thailand

Business, Chiratas Nivatpumin, Published on 27/06/2022

» Global economic headwinds notwithstanding, prospects for the Thai economy remain bright, according to Peter Babej, Asia-Pacific chief executive officer for Citi.

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BUSINESS

Unmasking changes to Covid restrictions

Business, Janine Phakdeetham, Published on 22/06/2022

» As Thailand plans to downgrade Covid-19 to endemic status in July, several rules from the pandemic era such as wearing a mask in public and mandatory purchase of Covid health insurance to enter the nation for foreign visitors are set to change.

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BUSINESS

Shopee opts to reduce its headcount

Business, Suchit Leesa-nguansuk, Published on 15/06/2022

» E-marketplace Shopee is pursuing layoffs across markets in Asean, including Thailand, according to industry sources, as the company is believed to have become more cautious about spending and more focused on attaining profitability rather than burning cash.

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BUSINESS

Steps to wellness

Asia focus, Nareerat Wiriyapong, Published on 13/06/2022

» It takes about 90 minutes for an eight-seater plane departing Suvarnabhumi International Airport to reach an airport on a small island in Trat province in eastern Thailand. Then all the guests of Soneva Kiri, a luxury resort operated by an award-winning sustainable resort operator, board a speedboat for the five-minute trip to their destination on the unspoiled island of Koh Kood.

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BUSINESS

CREA inaugurates Singapore warehouse

Business, Suchit Leesa-nguansuk, Published on 07/06/2022

» CREA, an e-commerce enabler for Southeast Asia headquartered in Thailand, has launched a new warehouse in Singapore to bolster its strength in logistics amid a surge in cross-border online shopping.