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Tag: bangkok

Retail Asia13/04/2021
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Food

Thailand’s top coffee chain to expand in Vietnam

2min0
Thailand’s leading coffee chain Café Amazon plans to expand in Vietnam after five months of establishment in the country. A spokesperson said recently the chain sees long-term potential in Vietnam and will expand in Ho Chi Minh City and neighboring provinces this year, but did not reveal specific figures. The chain opened its first outlet […]
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Retail Asia06/04/2021
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General

Thai cement giant to make Vietnam ‘top priority’ market

2min0
Siam Cement Group (SCG), one of Thailand’s leading industrial companies, has earmarked Vietnam as its top priority market in upcoming years. Once a petrochemicals plant comes online in southern Vietnam, the company anticipates revenue from Southeast Asia excluding Thailand would rise to 35 percent of the total from the current 26 percent, its CEO Roongrote […]
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Retail Asia01/04/2021
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Logistics

Rhenus Logistics opens free zone warehouse in Bangkok

2min0
Global logistics service provider Rhenus Logistics has opened a new free zone warehouse in Bangkok, Thailand, as it aims to serve a wider range of industries. The warehouse is strategically located within a 10-kilometre radius of three existing warehouses that house general cargo and dangerous goods. Rhenus says the facility, located within Bangkok’s free trade zone, […]
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Retail Asia31/03/2021
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General

Thai fuel player bets US$1.5 billion on coffee

6min0
The head of Thailand’s biggest gas station network has US$1.5 billion that says motorists will soon be stocking up on a different kind of fuel – coffee. That’s the bet that Jiraporn Kaosawad, Chief Executive of PTT Oil and Retail Business (PTTOR), is placing on rolling out thousands of coffee shops at home and abroad, […]
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Retail Asia23/03/2021
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General

Thai Airways disputes $7.4bn of aircraft lessor claims

2min0
Thai Airways International Plc is challenging some US$7.4 billion in claims from dozens of aircraft lessors and engine service provider Rolls-Royce Holdings Plc, saying it is not liable for the monies because they concern future expenses and were incurred after the airline received bankruptcy protection from a Bangkok court. Thailand’s flag carrier, which is undergoing […]
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Retail Asia18/03/2021
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Finance

HSBC Launches Fund Administration Services in Thailand

2min0
This move is in line with the change in the securities services landscape in Thailand, which has relaxed outsourcing rules to boost the efficiency of local fund managers’ operations. By outsourcing their back-office operations to HSBC, asset owners and managers will be able to focus on their core offerings, the bank said in an announcement […]
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Retail Asia17/03/2021
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Finance

HSBC Launches Fund Administration Services in Thailand

2min0
This move is in line with the change in the securities services landscape in Thailand, which has relaxed outsourcing rules to boost the efficiency of local fund managers’ operations. By outsourcing their back-office operations to HSBC, asset owners and managers will be able to focus on their core offerings, the bank said in an announcement […]
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Retail Asia04/03/2021
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Finance

R3, Enterprise Blockchain Provider Announces Expansion in Thailand with Bangkok Bank

7min0
R3, the enterprise blockchain software firm, will expand its presence in Thailand following the renewal of its partnership with Bangkok Bank. The expansion will see an increase in R3’s workforce in Thailand, underscoring R3’s commitment to the Thai market and its local partners.  “Thai enterprises are at the forefront of innovation, digital transformation and blockchain […]
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Retail Asia25/02/2021
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Automotive

Toyota recalls Hilux trucks for brake problem

1min0
Toyota will recall 1,935 imported Hilux trucks due to a safety issue related to their brake system. The batch was produced in Thailand between June and December 2018 and imported by Toyota Vietnam. The company said the problem has occurred due to a degrading of the resin piston within the brake booster due to improper […]
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Retail Asia16/02/2021
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Food

Starbucks opens its largest coffee store in Thailand

5min0
Starbucks today celebrates 20 years of delivering the Starbucks Experience to customers throughout Thailand with the recently opened Central World store– its largest store in Bangkok. Located on the first floor of CentralWorld, the store features a Starbucks Reserve Bar and, for the first time in Asia, Starbucks® DRAFT beverages infused with nitrogen. Starbucks CentralWorld […]
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Retail Asia11/02/2021
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Finance

P2P Lender Funding Societies Launches in Thailand

2min0
This expansion to the startup’s fourth market comes after more than a year of working with Thai regulators and planning for market entry. Singapore-based Funding Societies, Southeast Asia’s largest SME digital financing platform, has rolled out its platform in Thailand, the company announced in a statement on Tuesday. The P2P lender noted Thailand’s large and SME-driven […]
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Retail Asia11/02/2021
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Finance

Thailand’s 2nd largest bank set for Vietnam entry

1min0
Thailand’s second-largest lender by assets, Kasikornbank, plans to open a branch in Ho Chi Minh City in the third quarter this year. “Attention is now focused on Vietnam as a regional investment hub that has attracted the world’s leading companies, including from Thailand, thanks to its strong economy,” the bank’s executive vice-president, Pattarapong Kanhasuwan, said […]
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Retail Asia03/02/2021
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Finance

HSBC Private Banking Enters Onshore Thailand Market

2min0
HSBC will build its second onshore private banking business in Southeast Asia with the establishment of a new unit in Thailand. HSBC Private Banking will enable its Thai clients to access international capital markets, according to a statement, while leveraging existing infrastructure for activities such as booking assets in Singapore. Saranya Arunsilp, a 25-year banking […]
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Retail Asia22/01/2021
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General

Thai Airways Is On Track With Its Rescue Plan

4min0
Thai Airways acting president Chansin Treenuchagron claims the airline is still on schedule with its debt rehabilitation plan. Thai Airways has until February 2nd to submit its plan to the Central Bankruptcy Court in Thailand after it was granted a one-month extension. In an attempt to save Thailand’s national airline from going under, the country’s […]
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Retail Asia20/01/2021
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General

Thai AirAsia to furlough 75% of workforce

3min0
Thai AirAsia will keep only one-fourth of the staff and ask the rest to take a leave-without-pay offer for four months, starting February, as the re-emerging coronavirus outbreak has dealt a heavy blow to the aviation sector. Tassapon Bijleveld, executive chairman of Asia Aviation Plc (AAV), the largest shareholder of the airline, said on Monday […]
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Retail Asia15/01/2021
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General

Thai department stores must revise business models to stay relevant

7min0
While department stores have been a familiar destination for Thai people for many decades, CBRE, an international property consultant, is witnessing a decline in popularity and stunted growth, particularly in 2020 when Covid-19 adversely impacted the sector. CBRE believes that to adapt to e-commerce disruption and the changing consumer behaviour, department stores in 2021 (and […]
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Retail Asia15/01/2021
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General

AirAsia’s digital platform eyes more airline partnerships

2min0
Malaysian budget carrier AirAsia Group’s travel, e-commerce and fintech unit airasia.com is in partnership talks with several Middle Eastern and European airlines, its chief executive said on Wednesday. Airasia.com CEO Karen Chan said the company was working on selling more flights on the online platform. “Apart from just selling AirAsia flight tickets, we are now […]
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Retail Asia24/12/2020
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General

Thai Airways Launches Scenic Fly By and Over Buddhist Attractions

3min0
Proving the ‘flights to nowhere’ trend is taking off, Thai Airways has given religious tourists a bird’s-eye view of 99 holy places across Thailand. Olivia Palamountain reports. Led by “celebrity fortune-teller and religion history expert” Dr Khata Chinbunchon at the end of November, the “Thai Magical Flying Experience Campaign” from Thai Airways gave Buddhists the chance to see […]
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