Ralph Lauren and H&M, amongst others, set to enter Thai market

An estimated 50 international brands, including H&M and Ralph Lauren, are expected to start operating in the Kingdom this year, company representatives told the local media this week. High-end American brand Ralph Lauren and mid-range chain H&M will open their inaugural stores in the Central Embassy complex at Phloenchit intersection and Siam Paragon, respectively. Siam [...]

Krispy Kreme plans Thai expansion

US doughnut chain Krispy Kreme this week announced plans to more than double its presence in Thailand by 2017, company representatives said. Renowned worldwide for its famed glazed doughnut, Krispy Kreme currently operates four outlets in the Kingdom, but is expected to add a further six stores in the coming years. “The performance of Krispy [...]

Ford opens Thailand plant to meet ASEAN demand

Ford Motors Co this week expanded its presence in Thailand, with the opening of a new USD450 million assembly plant, capable of producing 150,000 cars per annum. The Rayong-based factory in eastern Thailand will begin production next month, starting with Ford’s new Focus compact, just one of six different vehicles it will be capable of [...]

Barcelona and Real Madrid seal Chang Beer sponsorship deal

Spanish football giants Barcelona and Real Madrid last week signed a lucrative sponsorship deal with Thailand’s largest beverage company and manufacturer of Chang Beer Thai Beverage Plc. The deal, worth a reported THB500 million over three years, will see two of world football’s most coveted clubs come under the same brand for the first time. [...]

ADB expects Thai economy to grow 5.5 per cent

The Thai economy is expected to increase 5.5 per cent this year, despite the tepid global outlook, according to an Asian Development Bank report released today. The slated growth is dependent on the reconstruction of flood-damaged infrastructure and implementation of flood prevention and water management projects, it said. The outlook was bolstered by the positive [...]

Thailand could lose migrant labour to Myanmar and other ASEAN countries

Thailand could face labour shortages in the coming years due to neighbouring Myanmar’s increasingly accessible economy and the proposed 2015 ASEAN Economic Community, economists said this week. The number of planned investment projects is expected to increase upon formation of the community, fuelling demand particularly for unskilled labour, Sutapa Amornvivat, chief economist at Siam Commercial [...]

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