The National Broadcasting and Telecommunications Commission (NBTC) is launching a new “mobile ID” system to help protect consumers’ identities and save their accounts from being hacked.
Looking at a Thai Lue-style house at Kad Nan (Nan Market) in Nan province, at first glance people might assume it to be a luxury spa. Others would imagine it to be a fine dining restaurant, a chic boutique resort, or even a Buddhist temple.
Fetco warns of recession, urges action
Govt told to increase stimulus, debt limits
published : 23 Jul 2021 at 04:30 A man receives a Covid-19 vaccination at The Mall Ngamwongwan in Nonthaburi. Mr Paiboon of Fetco believes the economy could fall into recession because of slow jab progress. Pattarapong Chatpattarasill
Paiboon Nalinthrangkurn, chairman of the Federation of Thai Capital Market Organizations (Fetco), has urged the government to accelerate economic stimulus and temporarily raise the public debt ceiling to 70-75% of GDP, or borrow an additional 800 billion to 1 trillion baht to help the country weather the pandemic.
He said the Thai economy could slip back into recession because of the government s failure to achieve its vaccination target and herd immunity by this year as expected.
Future of department stores redefined
Operators need to adapt creatively to maintain status as Thai shoppers second home , according to CBRE Thailand
published : 19 Jan 2021 at 04:00
While department stores have been a familiar destination for Thai people for decades, lower growth and a decline in popularity has been evident in recent years, particularly in 2020 when the pandemic battered the retail sector, according to the property consultancy CBRE.
To adapt to the disruption caused by e-commerce and changing consumer behaviour, department stores in 2021 will have to fine-tune their business model, says CBRE. This will include the customer shopping experience, innovative activities and value-added programmes if they want to remain a second home for Thai shoppers.
While department stores have been a familiar destination for Thai people for many decades, CBRE, a leading international property consultant, has witnessed a decline in popularity and small growth, particularly in 2020 when COVID-19 adversely hit the sector. CBRE believes that to adapt to e-commerce disruption and the changing consumer behaviour, department stores in 2021 will have to fine-tune their business model in terms of customer shopping experience, inventive activities and value-added programmes to continue their status as the second home for Thai shoppers.
Ms. Jariya Thumtrongkitkul, Head of Advisory and Transaction Services - Retail, CBRE Thailand explained, While department stores offer shoppers convenience, saving them time with many varieties of goods grouped in different departments and allowing the shoppers to find and compare products and choose what they want, the traditional department store model does not fit the needs, lifestyle and behaviour of its shoppers any