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Retail Asia19/01/2017

TCL Electronics, a Chinese electrical appliance manufacturer that sells televisions in Thailand, is considering expanding its product range in the country. The company is conducting a market study that may pave the way for it to sell other home appliance products, including air-conditioners, refrigerators, and washing machines. Such a move would reduce TCL’s reliance on […]

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Retail Asia19/01/2017

The Tourism Authority of Thailand (TAT) says a new record was broken at the end of December when it received its 32-millionth visitor. The red carpet was laid out to welcome the fortunate arrival as part of ’Thailand’s Luckiest Visitor’ campaign which was originally started in 2015 to recognise and reward every millionth visitor to […]

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Retail Asia19/01/2017

Aeon, a Japanese e-commerce group, has launched aeoneshop. The website began its operation on January 1, 2017, mostly distributing the products from Japan and the ones bearing Topvalu, an Aeon’s private band. In Vietnam, nearly 1,000 products bear the brand. Of the products it distributes, Aeon hopes ‘Me va Be’ (mother and babies) products will […]

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Retail Asia18/01/2017

Krungthai Bank has announced it is now fully ready to utilize the National E-Payment system ‘Prompt Pay’ and will starting January 4, 2017 use it to transfer senior citizen and disability stipends as well as tax refunds for the public. Vice President for Business Finances at Krungthai Bank Songpol Cheewpanyaroj has announced that from January […]

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Retail Asia18/01/2017

Kasikorn Bank says it is working to fix the complete outage of its services Friday before New Year, which comes just before a bank holiday. On a day many say they need access to their money the most, K-Bank’s ATMs as well as online and mobile banking systems have been offline since Friday morning and […]

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Retail Asia17/01/2017

2C2P, Expressway Authority of Thailand (EXAT) and MasterCard have partnered to launch a new top-up channel for Electronic Toll Collection System for Easy Pass users in Thailand. Easy Pass users can now top up their cards easily with their MasterCard via easyBills’ mobile application or its website (www.easyBills.in.th), without having to pre-register their cards with the respective […]

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Retail Asia17/01/2017

Food chain PappaRich Malaysia is considering a Singapore IPO, possibly this year. Insiders say the company, which opened its first restaurant in Malaysia in 2006, aims to achieve a valuation of at least S$200 million (US$140 million) in the share sale. PappaRich would follow other Southeast Asia-based restaurant chains including ABR Holdings, which runs Swensen’s […]

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Retail Asia17/01/2017

Thailand’s first electric car brand has made its debut amid scepticism from an industry expert about its commercial viability. Vera Automotive, founded on Oct 7, 2015 by five Thai engineers from King Mongkut’s Institute of Technology Ladkrabang (KMITL), yesterday introduced the Vera V1 battery electric vehicle (BEV), powered with a battery capacity of 22 kilowatts […]

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Retail Asia17/01/2017

Retail space, in particular shopping malls, will continue to grow this year, with health, beauty and pharmacy stores becoming the new retail battlefield. Fourteen retail projects will open in Bangkok and its suburbs this year, adding a total of 272,800sqm of space, said Mr Surachet Kongcheep, associate director of Colliers International Thailand. Of the total, […]

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Retail Asia16/01/2017

Tesco Asia’s sales growth stalled in the third quarter as Thais stopped spending during the mourning period for their late king. First quarter growth was 3.3 per cent and second quarter growth 3 per cent. But during the third quarter, according to results released it shrank to an underwhelming 0.4 per cent. Tesco CEO David […]

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Retail Asia16/01/2017

Thailand’s telecoms regulator has relaxed an earlier directive requiring per-second billing for 4G services to only require operators to bill half of a service on a per-second basis. The National Broadcasting and Telecommunications Commission’s (NBTC) telecoms committee has decided to change the directive to no longer require operators to charge entirely on a per-second basis. […]

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Retail Asia12/01/2017

Hong Kong-based logistics startup Lalamove has raised US$30 million in Series B funding to enable it to push into more than 100 cities in Asia by the end of the year. It is already established in 45 cities across China and Southeast Asia. Since it launched as EasyVan in 2013, the company has raised a […]

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Retail Asia11/01/2017

The digitalization of banking remains a top priority for banks across Asia, including in Thailand. In January 2016, the Thai Bankers’ Association announced plans to develop a new five-year strategy that included digitization and next-generation payment infrastructure, financial inclusion, contribution to society, regional integration, and legal and regulatory enabling. Chief among the ambitions of digitization […]

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Retail Asia10/01/2017

Thailand’s increasingly crowded smartphone market has wreaked havoc on handset companies’ profit last year, with Japan’s Sharp Corp becoming the latest victim to be quietly forced out of the market. Chinese handset maker ZTE Corporation, meanwhile, disputed rumours that the company has decided to pull out of the Thai smartphone market due to stiff competition. […]

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Retail Asia10/01/2017

Standard Chartered Plc plans to transfer its Thai retail-banking business to Thailand’s Tisco Financial Group Pcl next year, exiting an operation that the U.K. lender said lacked the scale to generate adequate returns. The net asset value is about 5.5 billion baht ($153 million), according to a stock exchange filing by Tisco on Thursday, which […]

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Retail Asia09/01/2017

After a rough 2016 there is no respite in sight for Thailand’s telecoms sector, with operators still dealing with heavy costs accrued from recent 4G auctions, strict competition and OTT challengers. AIS CEO Somchai Lertsuthivong as stating that he has never seen as challenging a year for the mobile sector as 2016, after nearly three […]

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Retail Asia09/01/2017

DHL eCommerce, a division of Deutsche Post DHL Group, has collaborated with the Ministry of Commerce in Thailand to offer e-commerce expertise and logistics services free of charge for a period of four months to help Thai farmers grow their business and reap the benefits from selling on e-commerce platforms. This follows recent challenging market […]

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Retail Asia05/01/2017

After launching in Korea, French fast-casual restaurant chain Lina’s Paris is planning to roll out across Southeast Asia. Working with a franchisee, it already has 10 restaurants in Korea and has just opened a kiosk in Seoul Art Center with 100 seats. Founded in 1989, Lina’s Paris offers French-style breakfasts, sandwiches, salads, hot dishes, soups, […]

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Retail Asia04/01/2017

The Asia Pacific Gateway (APG) submarine fiber optic cable line has been put into operation after four years under construction. The APG, funded by VNPT, Viettel, FPT and CMC, aims to boost Vietnamese Internet speed. The operation of the network aims to reduce dependence on the Asia-America Gateway (AAG) as the AAG faced incidents three […]

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Retail Asia03/01/2017

Jubilee Enterprise, a listed diamond-jewellery retailer in Thailand, has revealed a plan to open physical stores under two strategic brands. Chief executive officer Unyarat Pornprakit said Jubilee Enterprise was currently managing two brands, Jubilee Diamond and Forevermark. “Jubilee Diamond is a diamond-jewellery brand that the company owns, which is currently the No 1 diamond-jewellery brand […]

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