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Bangkok Insurance plans 5-year Bt200m investment

Bangkok Insurance plans to invest Bt200 million over the next five years to improve its information-technology system by continuing to develop website branding and to open new branches, said chairman Chai Sophonpanich.

The company is hoping that the development of website branding will make people remember its name because globally, people are buying more and more insurance over the Internet, he said.

He added that in the past five years the company had spend on average Bt80 million to Bt100 million annually to make sure more people know about Bangkok Insurance.

Starbucks to open 20 stores

Starbucks, a US-based international coffee-house chain, plans to open about 20 new outlets in Thailand this year, with the latest store opening at Ayutthaya City Park.

Murray Darling, managing director of Starbucks Coffee (Thailand), said the expansion was in line with the company's ambition to triple the number of stores in the Kingdom within the next five years.

Currently, Starbucks has 178 coffee houses in Thailand.

SPVI focuses on corporates

SPVI, a distributor of Apple products in Thailand, targets growth of 10-15 per cent this year, with focus on corporate clients by pushing distant-teleconference products to boost sales.

Managing director Trisorn Volyarngosol said the current political tension and uncertainty were affecting consumers' spending and the company's overall sales.

Moreover, Apple has not introduced new, innovative products lately other than minor upgrades to existing products to boost sales.

SPVI hopes for revenue of about Bt2 billion this year after the company generated Bt1.7 billion in the first nine months of 2013.

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