Showing 1 - 10 of 190
King Power cites economic doldrums while closing storefronts in 3 Thai airports
Online Reporters, Published on 13/06/2025
» Airports of Thailand (AOT) shares fell 7.8% on Friday following an announcement by Thai duty-free retailer King Power that it intends to shutter its stores in Phuket, Chiang Mai and Hat Yai airports, pointing to the steadily declining economy and heightened rental fees.
CP AXTRA Wins Six Honours at Retail Asia Awards
Published on 11/06/2025
» Bangkok, 11 June 2025 – CP AXTRA Public Company Limited, an operator of Asia’s leading wholesaler and retailer “Makro – Lotus’s”, has reaffirmed its position as a leader in Thailand’s wholesale and retail industry by winning six awards at the Retail Asia Awards 2025. These accolades highlight the company’s exceptional capabilities, creativity, and unwavering commitment to sustainable development – spanning technology, marketing strategies, customer experiences enhancement, and socially responsible business practices with a dedication to deliver value to customers and all stakeholders. The awards received by CP AXTRA are as follows:
Mainland tourists seek out US goods in Hong Kong amid trade war, but few buy
Published on 22/04/2025
» Hong Kong retailers have received a surge in inquiries from mainland Chinese tourists about the prices of high-end US products amid an ongoing trade war, but shop staff have said few end up buying and business has dipped during the Easter holiday.
Addition to price control list to spur sales
Business, Published on 05/03/2025
» Businesses expect the addition of air purifiers to the price control list will benefit consumers and anticipate increased demand based on air pollution levels.
US Postal Service suspends inbound parcels from China
Published on 05/02/2025
» HONG KONG - The US Postal Service has temporarily suspended parcels from China and Hong Kong, after President Donald Trump ended a trade provision used by retailers including Temu and Shein to ship low-value packages duty-free to the United States.
Midea adds 2 plants in Rayong
Business, Kuakul Mornkum, Published on 20/01/2025
» Midea, a Chinese air conditioner and electric appliance manufacturer, is expanding its manufacturing facilities in Thailand.
Regional shares rise in thin year-end trading
Business, Published on 28/12/2024
» RECAP: Asian stocks nudged higher on Friday while the dollar was firm, keeping the yen rooted near five-month lows in thin year-end trading. China's plans for massive bond issuance in 2025 also bolstered investor sentiment.
Asian equities retreat as China disappoints
Business, Published on 14/12/2024
» RECAP: Asian equities fell yesterday as a lack of details from a Chinese economic conference disappointed some traders and risk appetite weakened ahead of next week's US Federal Reserve interest rate meeting.
Korean turmoil dents equity trading sentiment
Published on 07/12/2024
» RECAP: Most Asian equities fell on Friday as political turmoil in South Korea weighed on sentiment. But Chinese shares climbed to three-week highs as investors scooped up tech shares ahead of a policy meeting that will set new targets for the economy.
Vietnam suspends Temu for failure to register
Published on 05/12/2024
» HANOI - The Chinese online retailer Temu has been told to suspend its operations in Vietnam after it failed to meet an end-November deadline for business registration, the trade ministry said on Thursday.