Showing 1 - 10 of 53
Top five business news stories of 2024: Sealing deals
Business, Published on 25/12/2024
» The outlook for Thai small businesses this year was not prosperous, as the economy continued to grow at a sluggish pace.Some large companies outperformed others, but often they were forced to adjust their structures and increase liquidity through major transactions.Notable deals included the separation of the food and real estate businesses within the Sirivadhanabhakdi family, as well as the year-end investment by CP Axtra, under Charoen Pokphand (CP) group, in the Happitat mall at Forestias, also under the CP umbrella.Several other corporations wrapped up deals in a bid to strengthen their position.
Thailand Post to take part in virtual banking
Business, Komsan Tortermvasana, Published on 28/08/2024
» The board of logistics provider Thailand Post has given the nod to the state agency participating in the planned virtual bank business, according to president Dhanant Subhadrabandhu.
Lazada's youngest homegrown chief sets out growth vision to drive Thailand's digital economy
Business, Suchit Leesa-nguansuk, Published on 26/08/2024
» As the new chief executive of major e-marketplace operator Lazada Thailand, Varitha Kiatpinyochai, 32, is the company's youngest homegrown chief executive and the first woman to take the helm.
Small Format is Here to Stay
Published on 20/10/2023
» Southeast Asia’s retail landscape has evolved significantly over the past two decades. Historically, this region has been dominated by traditional trade (TT) channels such as wet markets and mom-and-pop stores. Also referred to as ‘warung’ in Indonesia and ‘sari-sari’ in the Philippines, these small stores have been the cornerstone of grocery retail by providing basic necessities for local daily life.
KEX expands through alliance
Business, Published on 10/05/2023
» Kerry Express (KEX), Thailand’s leading express delivery provider, has decided to partner with All Speedy Co, a CP All subsidiary, to expand its service into 7-Eleven branches nationwide.
The CBDC advantage
Business, Published on 11/04/2022
» Triggered by advancements in payments and technology innovations, as well as the growing influence of cryptocurrency as an asset class, central bank digital currencies (CBDCs) have the potential to drive efficiencies and effectiveness of payments systems by ensuring that users have access to safe digital money.
Oil, war, pandemic: Economic costs mount
Business, Published on 14/03/2022
» The Russian invasion of Ukraine is sending economic shockwaves around the globe with crude oil prices at one point reaching US$130 per barrel, hitting businesses already reeling from tepid consumption caused by the Covid-19 pandemic.
War-hit Russian economy could fold
Oped, Chartchai Parasuk, Published on 10/03/2022
» It is a new kind of war -- economic war. Western allies, led by the United States, United Kingdom and European Union, are imposing trade and financial restrictions on Russia's economic activities. The aim is to freeze Russian assets abroad, paralyse financial transactions, obstruct cross-border trade flow, trigger high inflation and, most of all, provoke massive unemployment.
Omicron Is Expected to Dent Global Economy in Early 2022
Business, Published on 29/12/2021
» A winter surge in Covid-19 cases driven by the Omicron variant is prompting economists to downgrade U.S. and global growth expectations in the early part of 2022 as businesses struggle with absenteeism and consumers stay home to avoid getting sick.
Payment transformed
Asia focus, Paritta Wangkiat, Published on 02/08/2021
» The protracted Covid-19 pandemic has wrought havoc across many business sectors worldwide, and Southeast Asia has been no exception. But that is not the case for the digital payment industry. It has been thriving even during lockdowns, as more people make daily transitions on online marketplaces, food delivery and entertainment platforms.