Tag: thailand

Retail Asia23/09/2022
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1min0
Vietnam is the second biggest cryptocurrency market in ASEAN behind Thailand with a transaction value exceeding $100 million a year, a new report has found. It was followed by Singapore, the Philippines, and Indonesia, according to a report by cryptocurrency data provider Chainalysis. Vietnam, along with Thailand and the Philippines, also record high web traffic […]

Retail Asia15/09/2022
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2min0
Thailand’s Café Amazon has launched in Saudi Arabia, opening its first store in the region at Riyadh’s InterHealth Hospital. PTT Oil and Retail Business (PPTOR), which operates the Café Amazon coffee shop chain, said it is targeting expansion to 150 stores in Saudi Arabia by 2032. Marking the opening of the Riyadh store, Jiraphon Kawswat, […]

Retail Asia12/09/2022
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2min0
The online fashion retailer cut about 55 employees, or 8% of its headcount, it said in a statement on Thursday in response to queries by Bloomberg News. The company said it streamlined its processes “to move toward more sustainable growth.” The Bangkok-based startup is in the midst of raising external capital and has engaged banks […]

Retail Asia29/08/2022
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2min0
Thai AirAsia X (XJ) will launch new services from Bangkok (Suvarnabhumi Airport) to Melbourne and Sydney commencing 1 and 2 December 2022. Four weekly flights direct from Bangkok to Sydney Airport depart on Mondays, Tuesdays, Fridays and Saturdays, and to Melbourne Airport (Tullamarine) three times a week on Wednesdays, Thursdays and Sundays. The return flights […]

Retail Asia03/08/2022
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2min0
Vietnam has imposed an anti-dumping and anti-circumvention levy on Thai sugar imported via 5 ASEAN nations. The final verdict was made Monday, and the duty of 47.64 percent will become effective between Aug. 9 and June 15, 2026. The probe was launched last September after local firms reported sugar products imported from Laos, Cambodia, Indonesia, […]

Retail Asia26/07/2022
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2min0
Starbucks Thailand has announced an expansion strategy, which calls for opening 30 new coffee shops in Thailand every year until 2024 – 90 in all – according to Bangkok Post. The company claims to be prepared to expand again this year, after sales improved during the first half of this year. In addition, Starbucks Thailand […]

Retail Asia15/07/2022
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1min0
Thai retailer CP All has appointed Yuthasak Phoomsurakul as its new CEO of operations, overseeing the company’s network of more than 11,000 7-Eleven stores. Phoomsurakul started his career with the company as the deputy MD of marketing and product management in 2007. He has also held several key leadership roles in companies such as Big […]

Retail Asia13/07/2022
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4min0
Alibaba’s grocery store chain Freshippo is searching for to boost funds at a valuation of about $6 billion, a lot decrease than a hoped-for valuation of as much as $10 billion earlier this 12 months, three individuals accustomed to the matter informed Reuters. The corporate needed to reduce its valuation expectations after China’s COVID-19 restrictions, […]

Retail Asia06/07/2022
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2min0
Thailand’s mobile service provider Advanced Info Service (AIS) announced that it is planning to invest 32.4 billion baht to buy out Triple T Broadband and to purchase units owned by JASIF infrastructure fund. In a stock exchange filing, AIS said that it intends to acquire Triple T Broadband for 19.5 billion baht and buy 19% […]

Retail Asia30/06/2022
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3min0
Tanachira Retail Corporation Co, the importer and distributor of lifestyle fashion brands including Harnn, Marimekko and Pandora, is eyeing the acquisition of health lifestyle food & beverage operators to help reduce business risks and sustain the company’s long-term sales growth. Tanapong Chirapanidchakul, Tanachira’s chief executive, said the company is exploring opportunities to acquire food and […]

Retail Asia17/06/2022
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7min0
At the Thailand 5G Summit 2022, Thailand’s Digital Economy Promotion Agency (DEPA) announced the establishment of the Thailand 5G Alliance with the support of Thai Prime Minister H.E. General Prayut Chan-o-cha. The summit was co-hosted by Thailand’s Ministry of Digital Economy and Society (MDES), DEPA, GSMA APAC 5G Industry Community, and Huawei. Over 1,000 government […]

Retail Asia31/05/2022
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4min0
Big C Supercenter Plc, a leading retail operator in Thailand, has acquired Kiwi Mart — a convenience store chain in Cambodia — via its Cambodian subsidiary to strengthen its retail business in the neighbouring country. According to Gary Hardy, an adviser of Big C Supercenter, Big C Supercenter (Cambodia) reached an agreement to acquire Kiwi […]

Retail Asia23/05/2022
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6min0
Lotte, Korea’s largest retailer, has decided to pull out of China altogether, due to the country’s continued retaliation against Korean firms after Seoul’s decision to station a U.S. anti-missile battery in 2016, as well as sluggish private consumption amid the prolonged COVID-19 lockdown. Instead, Lotte plans to focus on Indonesia, Vietnam, Malaysia and other Southeast […]


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