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Search Result for “e-commerce”

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BUSINESS

China's Temu vendors protest over penalty policy

Reuters, Published on 31/07/2024

» BEIJING - Hundreds of Chinese sellers on Temu have protested against what they call unbearably high penalties imposed by the firm, one of the merchants involved in the protest told Reuters, a fresh sign of tough price competition with low-cost rival Shein.

THAILAND

Unpaid Subcontractors Gather Again at Thai Oil Refinery

Published on 31/07/2024

» Following the continuous gathering of workers along Sukhumvit Road in front of Thai Oil’s Refinery in Si Racha District, Chonburi Province from 24 – 26 July 2024, due to non-payment from contractors, an inquiry by Thai Oil Public Company Limited (the “Company”) revealed that the workers are employees of One Turn Ten Company Limited (“One Turn Ten”), EMCO LTD (Thailand) Company Limited (“EMCO”), and Thai Fong Engineering and Construction Company Limited (“Thai Fong”). These three companies are subcontractors of Sinopec Engineering Group (Thailand) Co., Ltd. (“Sinopec”), which in turn is a subcontractor of the Unincorporated Joint Venture of Petrofac South East Asia Pte. Ltd. (“Petrofac”), Saipem Singapore Pte. Ltd. (“Saipem”), and Samsung E&A (Thailand) Co., Ltd. (formerly Samsung Engineering (Thailand) Co., Ltd.) (“Samsung”) (collectively, the “UJV”). The UJV is the main contractor for the construction of the Clean Fuel Project (CFP) for the Company, and the workers have gathered to demand payment for their services from the three companies (One Turn Ten, EMCO, Thai Fong), as well as from Sinopec and the UJV. The three companies did not receive payment from Sinopec, and Sinopec itself has not received payment as per the relevant subcontract from the UJV, leading to Sinopec’s inability to pay the subcontractors, including the aforementioned three companies. 

BUSINESS

Thai talks with China target better trade relations

Business, Phusadee Arunmas, Published on 31/07/2024

» The Commerce Ministry has discussed trade cooperation between Thailand and China, aiming to expand the market for Thai livestock products and fruits to China and welcoming Chinese investment in emerging industries in the Eastern Economic Corridor (EEC).

BUSINESS

Thai rice exports jump 25% in first half of 2024

Business, Phusadee Arunmas, Published on 31/07/2024

» Thailand expects to export 8.2 million tonnes of rice this year, up from a previous forecast of 7.5 million, helped by demand from major markets and a weakening baht, according to the Commerce Ministry.

LIFE

Labubu fever

Life, Suwitcha Chaiyong, Published on 31/07/2024

» After Blackpink's Lisa posted a photo holding a Labubu Macaron on Instagram, the products became very popular. Sales of Labubu skyrocketed and quickly sold out in Thailand. With its overwhelming popularity, Pop Mart decided to launch Pop Mart Concept Store @ Megabangna, featuring Labubu as the main theme for the first time outside China. This store is also the largest in Southeast Asia with its new premium street design, blending luxury, simplicity and coolness all in one place.

BUSINESS

Temu disrupts Thai online retailers

Business, Suchit Leesa-nguansuk, Published on 30/07/2024

» The flood of cheap Chinese products into Thailand is expected to grow even larger following the entry of the Chinese online retailer Temu to the local e-commerce market on Monday.

SPORTS

Olympic triathlon postponed due to Seine pollution

Reuters, Published on 30/07/2024

» PARIS - The men’s triathlon at the Paris Olympics was postponed on Tuesday as pollution levels in the river Seine remained too high, World Triathlon said in a statement, dealing a blow to organisers and leaving athletes facing more uncertainty.

BUSINESS

Local conglomerates eye Robinhood food delivery app

Somruedi Banchongduang and Suchit Leesa-nguansuk, Published on 30/07/2024

» Local conglomerates are expected to be potential buyers of the Robinhood food delivery app as SCB X negotiates its sale and postpones its closure.

THAILAND

Truffle Treasures: A Black Diamond Dining Experience at Volti

Published on 30/07/2024

» Discover the luxurious and unmistakable scent, texture, and flavour of black truffle — a highly sought-after ingredient, beloved by chefs and food enthusiasts for transforming dishes into extraordinary culinary experiences. Executive Italian Chef Bruno Ferrari’s exclusive menu pairs creative recipes with decadent black truffle.

BUSINESS

Thailand raises 2024 rice export forecast

Reuters, Published on 30/07/2024

» Thailand expects to export 8.2 million tonnes of rice this year, up from a previous forecast of 7.5 million, helped by demand from major markets, expected higher production and a weak baht, the Ministry of Commerce said on Tuesday.