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McThai Co, the operator of McDonald's, is set to ramp up its business expansion in a bid to return sales back to pre-pandemic levels by the end of this year.
KCG Corporation Co, a producer and distributor of dairy products, bakery and cookery products, has taken over Indoguna (Thailand) Co, an importer and distributor of fresh food and frozen meat and seafood products, as part of the company's strategic move to diversify its business and reduce business risk in the long term.
Although Thailand has banned the use of digital assets to pay for goods and services, some organisations think they may still be used as a future alternative currency.
The Russian invasion of Ukraine is sending economic shockwaves around the globe with crude oil prices at one point reaching US$130 per barrel, hitting businesses already reeling from tepid consumption caused by the Covid-19 pandemic.
Central Retail Corporation (CRC), the SET-listed retail arm of Central Group, plans to splurge 100 billion baht to expand its business during 2022-2026, with an aim to increase its revenue by 2.5 times over last year.
The business sector has hailed the government's fresh spending stimulus measures but says the cash handout under the fourth phase of the "Khon La Khrueng" co-payment subsidy scheme sounds lower than expected. The private sector is also asking for additional stimulus packages to boost consumers' spending power.
Central Retail Corporation (CRC), the SET-listed retail arm of Central Group and the country's biggest mall operator, plans to allocate 5 billion baht to open new department stores and renovate existing ones along with technology in the year to come.