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
Wed, 06 Dec 2017 01:00
Vardy message to ‘Toon’: you are an inspiration
Striker says foxes team backing ‘mission duty-free ’
Sat, 18 Nov 2017 01:00
Review of GSP scheme expected to be smooth for Cambodia
WITH THE RECENT launch of a new US initiative to ensure that developing countries benefiting from duty-free access are in compliance with the eligibility requirements of the Generalised System of Preferences (GSP) scheme, a representative of the industry body representing Cambodia’s garment sector said improvements in working conditions should keep the kingdom above scrutiny.
Wed, 15 Nov 2017 01:00
King Power rejects corruption lawsuit
THAILAND’S DUTY-FREE shop operator King Power has issued a statement dismissing allegations of corruption relating to its contract with state-owned Airports of Thailand following the criminal court’s acceptance of the case for trial on Monday.
Tue, 05 Sep 2017 08:52
Lotte considers pulling out of Incheon airport
SEOUL - Lotte Duty Free, South Korea's top duty-free operator, is considering withdrawing from Incheon International Airport, a company source said Monday, as the local duty-free industry is struggling to cope with the impact of a diplomatic row between Seoul and Beijing over the deployment of a US missile defense system here.
Fri, 14 Jul 2017 01:00
King Power accused of failing to pay airport duty-free revenue fees
King Power International, the country’s largest duty-free retailer, is facing legal action by a Democrat Party politician who accused the company of failing to pay the government Bt14 billion in operating a lucrative duty-free franchise at Bangkok’s Suvarnabhumi airport.
Wed, 12 Jul 2017 01:00
31 PRODUCTS GRANTED DUTY-FREE US ENTRY
Thirty-one Thai products have been given preferential duty-free entry to the United States, under the generalised system of preferences (GSP) programme, from July 1.
Tue, 04 Jul 2017 01:00
King Power commits Bt2 billion to community services in next five years
KING POWER Group, the country’s biggest duty-free operator, plans to spend at least Bt2 billion on corporate social responsibility (SCR) over the next five years.
Wed, 12 Apr 2017 01:00
Korean duty-free giant Lotte praises Thai govt for opening up sector
LOTTE Duty Free (Thailand) has praised the military-led regime for liberalising the duty-free segment, and says it will open its first branch at Show DC near Rama IX Road next month.
Fri, 31 Mar 2017 01:00
King Power sets Bt12.5 bn for five-year investments
THAI DUTY-FREE company King Power will invest Bt12.5 billion between now and 2021 to achieve sales revenue of Bt140 billion that year, the group’s chief executive officer Aiyawatt Srivaddhanaprabha said.