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Retail Asia17/03/2022

Carl’s Jr. plans to close all six locations in Thailand by the end of the month. R&R Restaurant Group, which holds the rights to operate the burger chain, announced it could no longer bear the costs of operating the fast-food chain. “We tried to get through it during the second half of 2021. But we […]

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Retail Asia17/03/2022

Solid economic growth averaging roughly 4% annually since 2000 along with the country’s solid industrial and export base has fuelled a steady rise in domestic income across all income levels over the past decade and a half, leading directly to a rise in consumer spending power. Although the sector has been buffered by several shocks […]

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Retail Asia28/02/2022

After seeing a rapid recovery in the food industry at the end of last year, Zen Corporation Plc, the operator of restaurant chains Zen, On the Table and Aka, has decided to resume expansion of its business this year. Boonyong Tansakul, chief executive of Zen, said the company believes the worst is behind it. “Chains […]

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Retail Asia21/02/2022

Thailand’s cabinet on Tuesday approved a package of incentives including tax cuts and subsidies to promote a shift to electric vehicles (EVs) in Southeast Asia’s major auto production base, a government spokesperson said. The package for 2022-2025 is in line with a zero-emission vehicle policy plus a goal to ensure 30 per cent of Thailand’s […]

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Retail Asia18/02/2022

The sandwich chain is aggressively doubling its current network of restaurants in the region to over 6,000 in the next five years. Subway has signed a new master franchise agreement with the existing multi-unit franchisee About Passion Co. Ltd. to significantly expand its presence in Thailand. The new deal sees About Passion Co. Ltd. opening […]

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Retail Asia09/02/2022

Thailand’s Central Retail Corp. plans to invest 100 billion baht ($3 billion) over the next five years in a bid to become a top Asian retailer and more than double its revenue and profit. The new investment will help Central Retail grow its revenue by 2.5 times, earnings before interest, taxes, depreciation and amortization by […]

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Retail Asia08/02/2022

Kasikornbank (KBank) has risen to the forefront as a world-class Bank of Sustainability after it was awarded the prestigious S&P Global Sustainability Award with Gold Class distinction in recognition of its distinctive performance that has harmoniously integrated environment, social and economic/governance (ESG) aspects into its operations. The Bank has also demonstrated its commitment to developing […]

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Retail Asia31/01/2022

A cafe in northeast Thailand has become home to cryptocurrency traders, adding banks of screens showing the latest market moves and dishing out investment advice alongside coffee and cake. Behind a calm exterior of cherry blossom trees, customers of HIP Coffee & Restaurant stare at their laptops, supping nervously on iced coffee – part of […]

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Retail Asia20/12/2021

Thailand Office of The National Broadcasting and Telecommunications Commission (NBTC), Siriraj Hospital, and Huawei Technologies (Thailand) Co., Ltd. jointly launched the “Siriraj World Class 5G Smart Hospital.” Thailand General Prayut Chan-o-cha, Prime Minister and Minister of Defence, presided over the inauguration ceremony alongside Chaiwut Thanakamanusorn, Minister of Digital Economy and Society, Prof. Dr. Prasit Watanapa, […]

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Retail Asia03/12/2021

Thai AirAsia X needs a major restructuring and new investors to prep the airline to resume international routes next year, after Thai AirAsia (TAA) already secured additional funding for the carrier last week. Thai AirAsia X, a long-haul, low-cost carrier under the AirAsia group, has been grounded for almost two years since the pandemic emerged […]

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Retail Asia29/11/2021

E-commerce web traffic from Vietnam is double that of Thailand and triple that of Malaysia in Q3, showing high demand for online shopping amid the pandemic, a report has found. Digital consumption has become a new habit as the number of online vendors increases, with Vietnam becoming “a star” on the Southeast Asian e-commerce market, […]

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Retail Asia26/11/2021

AirAsia is resuming flights from Bangkok to Cambodia’s capital Phnom Penh starting December 22. The Southeast Asian country recently lifted restrictions to allow fully vaccinated foreign travelers to enter without undergoing quarantine. Next month, flights from Bangkok’s Don Mueang International Airport to Phnom Penh will take off on Wednesdays, Fridays, and Sundays. Travelers who are […]

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Retail Asia24/11/2021

C.P. Group and Telenor Group are exploring the creation of a new telecom-tech company comprising of True and dtac. The new company will be a merger of equals, and bring the best of the two local companies, with the support of its key sponsoring shareholders. The new company will be a leading telecommunications service provider […]

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Retail Asia18/11/2021

In an industry first, Tune Protect and AirAsia have launched the Covid Travel Pass as an added convenience for air travelers to meet the mandatory insurance coverage set by the governments for fully vaccinated international travelers flying into the countries. Kicking off with Langkawi, Malaysia, and various tourist destinations in Thailand, the service will be […]

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Retail Asia25/10/2021

Rubber prices have soared by 30-50 percent this year, driving up profits for companies in the industry by triple digits in Q3. Subsidiaries of the Vietnam Rubber Group such as Daklak Rubber JSC, Tan Bien Rubber JSC, Ba Ria Rubber JSC, Phuoc Hoa Rubber JSC, and Dong Phu Rubber JSC saw profits surge by over […]

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Retail Asia25/10/2021

Asia Aviation PCL (AAV), the parent company of Thai AirAsia (FD, Bangkok Don Mueang), has said it is seeking to raise THB14 billion baht (USD419.4 million) to fund a restart at the low-cost carrier following the “very negative impact on the company’s business and operating results” thrown up by Covid-19 and the Thai government’s strict travel restrictions. […]

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Retail Asia13/10/2021

An Australian manufacturer of authentic Thai plant-based products, Pam Pam Buns, is releasing a new range of frozen ready meals in October. The meals (RRP $8) are Thai Pork Basil with Rice, Thai Mushroom Noodle, Pork Spring Roll, Pork and Mushroom Dumpling. “The new range is our first step to becoming a Thai food company […]

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Retail Asia08/10/2021

Thai mall operator Siam Piwat has partnered with Malaysia’s Pavilion Group to take Thai retail concepts to the new Kuala Lumpur lifestyle mall Pavilion Bukit Jalil. The launch of Siam Piwat brick-and-mortar stores in Malaysia is part of its plan to further expand its global reach. The partnership will see the debut of three Thai brands […]

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Retail Asia29/09/2021

The link will enable more seamless payments for the high volume of remittances between the two neighbors, which reached S$1.3 billion ($960 million) in 2020. Singapore and Malaysia’s central banks will be embarking on a phased linkage of PayNow and DuitNow, their national real-time payment systems, the Monetary Authority of Singapore (MAS) said in an […]

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Retail Asia29/09/2021

The bank said it would invest up to $500 million in digital innovation initiatives to reach its goal of serving more than 7 million customers in Asean. With digital banking now the preferred choice among UOB customers, the bank is «doubling down» on its data-driven model to create hyper-personalized digital experiences for its customers. The […]

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