Tag Archives: Thailand

TripAdvisor China partners with Thai retailers

07-16 TripAdvisor China partners with Thai retailers

(Source: Inside Retail Asia | July 7, 2017) Travel site TripAdvisor China has partnered with five retail groups in Thailand to further enhance the shopping experience for Chinese tourists in Bangkok. TripAdvisor says Chinese travelers show more interest in visiting Thailand than any other inbound market. Chinese users of its website continue to grow year-on-year by 56 percent. During the ...

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Central Group turns focus to e-commerc

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(Source: Inside Retail Asia | 7 March 2017) Thai retail giant Central Group aims to raise the share of its e-commerce sales to 15 percent (%) over five years, up from the present 1%. Presenting the company’s annual business plan, CEO Tos Chirathivat says the group will aggressively pursue expansion in the digital realm this year. About 10 % of ...

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Philippines leads rise in consumer confidence

woman-shopping-shutterstock-20160202

(Source: Inside Reatil Philippines | 24 February 2017) While consumer confidence in the Philippines, Thailand and Vietnam is strong, this is not so much the case in Singapore and Malaysia, according to a new Nielsen survey. Its Global Survey of Consumer Confidence and Spending Intentions shows the Philippines confidence index rose from 119 to 132 last year, the highest increase ...

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Siam Makro buys four food companies

Makro - Siam

(Source: Inside Retail Asia | 4 November 2016) Siam Makro, which runs the Makro cash-and-carry store chain, has clinched a 3-billion-baht (US$85.75 million) deal to acquire four food companies. Through its wholly owned subsidiary Siam Food Services, Siam Makro has entered into an agreement to acquire an 80 per cent stake in each of Indoguna (Singapore), a listed firm on ...

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Mall of Korea plans more shopping malls in Thailand

Mall of Korea

(Source: Retail in Asia | 2 September 2016) The Mall of Korea (MOK), a group of Korean entertainment companies, is set to expand its business in Thailand, beginning with a new shopping mall at Show DC, scheduled to open its doors in November. MOK already occupies 18,000 square metres with an investment of Bt1 billion in the K-District project at Show ...

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Asia boosts Tesco recovery

Tesco-Thailand

(Source: Inside Retail Asia | 13 April 2016) International divisions – including Tesco Lotus in Thailand – led a Tesco recovery in the latest quarter, as the global giant revealed a solid turnaround for the full year. Group-wide like-for-like sales in the three months to February 27 rose 1.6 per cent. Within that, UK sales rose just 0.9 per cent, ...

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Thai Retailers Association hopes for refund splurge

pattayashopping

(Source: Retail in Asia | January 11, 2016) The Thai Retailers Association (TRA) has suggested additional government measures to raise local consumption, especially among middle- and high-income consumers. One is to allow taxpayers to file their tax returns twice a year instead of annually. Allowing half-yearly personal income tax payment would mean taxpayers could receive a refund in August, which ...

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Thai hub for AEC operators suggested

Siam Piwat Co Ltd Siam Center

(Source: KWANCHAI RUNGFAPAISARN, THE NATION |September 26, 2015 ) Thailand can be a hub within the Asean Economic Community (AEC) for retailers and other business operators from the Philippines and other Asean member countries to set up regional headquarters and better penetrate the market on a regional scale, especially in CLMV (Cambodia, Laos, Myanmar and Vietnam) markets, according to experts. Samie Lim, chairman ...

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Thailand import tax threshold raised

Women With Shopping Bags

(Source: Inside Retail Asia | July 15, 2015) Thai travellers returning home from overseas travel now have double the allowance for bringing personal goods back home. The Thailand import tax threshold has been raised from 10,000 baht per person to 20,000, the new limit loosely equal to US$590 per person. The Customs Department says the new threshold, already implemented, applies ...

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Siam Piwat eyes tourists

Siam Piwat Co Ltd Siam Center

(Source: Bangkok Post | July 3, 2015) Siam Piwat Co, the operator of Siam Center and Siam Paragon, is competing head-on with other Asean retail operators to attract foreign tourists to spend at their malls. The company has formed a strategic partnership with GlobePass, an Asia-Pacific alliance network of financial institutions with 33 million members worldwide. Siam Piwat also plans ...

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