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  • May 27, 2015

    Thailand cost-effective destination for luxury brands, retailer says

    ..., is fully opened, including the Bhiraj Tower, we expect 200,000 customers per day." This year, it is forecast that visitors from other Asean countries will contribute Bt10 billion in sales, helping increase The Mall Group's sales by Bt53 billion or 6 per cent from 2014. At EmQuartier, about 90 per...

    Business
  • May 27, 2015

    AEC threat to private schools

    INCREASINGLY fierce competition from the upcoming Asean Economic Community (AEC) could drive between 10 and 30 per cent of Thai private schools out of business, a study has suggested. Conducted by the Office of the Private Education Commission and the Nakhon Si Thammarat Rajabhat University, the study seeks...

    National
  • May 26, 2015

    Joint drive to cut food loss and waste

    The national Save Food Campaign in Thailand, endorsed by partners of the Save Food Network, is the first of its kind in Asean. It was launched yesterday at CentralWorld by the deputy minister of agriculture and cooperatives, Apichart Pongsrihadulchai, and FAO assistant director-general and regional representative...

    Business
  • May 26, 2015

    Chamber foresees economic recovery in Q3 despite export, agriculture concerns

    ... every region shared the view that the recovery would be in full swing by next quarter. They cited strong growth in tourism and border trade as the Asean Economic Community approaches and special economic zones (SEZs) are set up, except in the Northeastern and Central regions because of low crop prices. ...

    Business
  • May 26, 2015

    New UPS Thailand chief looks to start of AEC

    ... grow by US$22 trillion (Bt738 trillion) in the next five years, and nearly half of that would be in Asia. He said that in 2008 total trade in Asean was $458 billion and would be $608.6 billion this year - a rise of 25 per cent. Thailand accounts for 15 per cent of the total trade value in Asean, he said...

    Business
  • May 26, 2015

    TCEB reports good feedback at MICE fair

    ... at German and European Union business events through "Thailand Connect the World", an integrated campaign showcasing Thailand as a gateway to Asean for global businesses. The second key initiative is "Thailand's MICE United II", a strategic campaign with collaboration from nine public and private organisations...

    Business
  • May 26, 2015

    Thoresen Thai Agencies

    ... rates of subsea vessels since they are back at sea after maintenance in 1Q15 and 2) bigger profit contribution from PMTA on high seasonal ASEAN demand for fertilizer. But, the firm's 2Q15 core operations are expected to wane YoY, due to weaker freight rates and early termination of a contract in December...

    Business
  • May 26, 2015

    PTT Global Chemical

    ... rating on PTT Global Chemical Public Co. Ltd. (PTT Global). The outlook is stable. At the same time, we affirmed our โ axAโ long-term ASEAN regional scale rating on the Thailand-based refinery and petrochemical company. We also affirmed our โ BBBโ long-term issue ratings on the...

    Business
  • May 26, 2015

    Firms urged to make Asean focal point of growth plan

    ... the building blocks and framework in place. The call goes out now to companies to make the region a focal point of their growth plan and pursue an Asean-centric strategy," Chong said at Maybank's inaugural Invest Asean Vietnam conference. He added: "Asean's time has come. Doing business in this region is no longer...

    Business
  • May 25, 2015

    Private firms 'must shape up'

    ... tightening and weak commodity exports. Escap forecasts a 3.9-4 per cent economic growth rate for Thailand this and next year, which is below the Asean averages of 4.9 per cent this year and 5.1 per cent next year. The slower growth in global demand hit Thailand's exports, while the high household debt, which...

    Business