Tue, 18 Dec 2018 01:00
Cabinet urged to fix duty-free pickup monopoly at Suvarnabhumi
THE OMBUDSMAN is urging the Prime Minister Prayut Chan-o-Cha and the Cabinet to get involved in a dispute at Suvarnabhumi Airport to ensure consumers can pick up their duty-free goods at pickup counters in commercial areas there.
Fri, 09 Nov 2018 01:00
The Airports of Thailand Plc (AOT) will open bidding for the operations of duty free shops at three terminals of the Suvarnbhumi International Airport after its board has considered the term of reference ( TOR), company president Nitinai Sirismatthakarn said yesterday.
Mon, 05 Nov 2018 01:00
Duty-free auction another chance for Prayut to practise what he preaches on corruption
Thailand has been gripped by nepotism, cronyism, patronage and corruption for many years. With the military government now in charge, such malpractice has in no way lessened.
Sun, 04 Nov 2018 01:00
Thai elite mourn Leicester City owner Vichai at elaborate funeral
The elaborate funeral of Leicester City's Thai owner and duty-free mogul Vichai Srivaddhanaprabha began at a Buddhist temple in Bangkok Saturday evening, as members of Thailand's business and political elite came in black mourning garb to pay tribute to the well-connected billionaire.
Sat, 03 Nov 2018 15:35
Leicester coach, team members to fly to Thailand to attend Vichai's funeral
The elaborate funeral of Leicester City's Thai owner and duty-free mogul Vichai Srivaddhanaprabha was set to begin at a Buddhist temple in Bangkok Saturday, with members of Thailand's elite expected to pay tribute to the well-connected billionaire.
Mon, 29 Oct 2018 08:46
Vichai had dreamed of crowning glory in 'Sport of Kings'
London - Thai duty-free billionaire Vichai Srivaddhanaprabha was best known on the sporting front for the fairy-tale success of Leicester City's Premier League title triumph in 2016, but his investment in horse racing was hoped to yield the same results.
Mon, 29 Oct 2018 01:00
Master of the big deal
VICHAI Srivaddhanaprabha, 60, is the key figure behind the huge success of King Power International, Thailand’s duty-free shopping giant, and has bagged many big deals in Thailand’s business history, including their latest acquisition – the MahaNakorn development project, Thailand’s tallest mixed-use tower – at Bt14 billion.
Wed, 19 Sep 2018 01:00
Thai court rejects lawsuit against company of Leicester City owner
Bangkok - A Thai court Tuesday dismissed a lawsuit accusing duty-free giant King Power, the firm that owns Leicester City Football Club, of owing the state more than $430 million in unpaid revenues.
Wed, 05 Sep 2018 01:00
Greater transparency urged in airport duty-free concession
The government sector must ensure transparency and fairness in framing the terms of reference for the airport duty-free concession, which is due this year, the Thai Retailers Association (TRA) said yesterday.
Mon, 28 May 2018 01:00
AOT finalising TOR for Suvarnabhumi duty-free concession
BIDs for the concession to operate the duty-free zone at Suvarnabhumi, the country’s largest airport, are likely to be called soon.
Fri, 20 Apr 2018 01:00
SCB helps fund Pace’s Bt14-bn deal
Siam Commercial Bank (SCB) said it has extended loans to a subsidiary of duty-free retailer King Power Group to finance a Bt14-billion asset purchase from Pace Development Corporation (Pace).
Thu, 12 Apr 2018 01:00
King Power scales up with MahaNakhon
DUTY-FREE operator King Power Group plans to open a shop in MahaNakhon after spending Bt14 billion to buy a range of assets associated with the landmark development – including the observation deck on what is now Bangkok’s tallest tower – from Pace Development Corporation Plc (Pace), the company's chief executive Aiyawatt Srivaddhanaprabha said.
Thu, 29 Mar 2018 01:00
TRADE BODIES SEEK REVAMP OF DUTY-FREE CONCESSION
Representatives of Thai Retailers Association, the Thai Duty Free Shop Trade Association and the Thai Shopping Centre Association yesterday submitted a proposal to Prime Minister Prayut Chan-o-cha calling for a revamp of the system on granting concession to duty-free shops in order to ensure transparency and fairness.
Tue, 13 Feb 2018 15:31
Chinese tourists upset over 'duty-free' discrimination at London airport
LONDON - London's Heathrow Airport has apologised for a promotion at its duty-free stores that required Chinese shoppers to spend a higher amount than other travellers to enjoy a special discount.
Sat, 03 Feb 2018 01:00
King Power flexes star power
Chinese actress Fan Bingbing is on hand for the duty-free giant's grand reopening