The legendary A&W fried chicken restaurant chain is to close on March 20 after almost four decades, after its SET-listed parent Global Consumer Plc (Glocon) threw in the towel because of accumulated losses and the impact of the Covid-19 pandemic.
American fast-food chain A&W, which is known for its frosty mugs of root beer and waffles, is planning to close all its branches in Thailand after suffering huge losses since the arrival of the Covid-19 pandemic.
SET-listed food company, Global Consumer Plc (GLOCON), the operator of A&W quick-service restaurant, has acquired a combined 70% stake in Pong-Sra Manufacturing Co (PSM) and Pong-Sra Distribution Co (PSD), the manufacturer and distributor of Lookchinthip meatballs.
Hemp goes from zero to economic hero
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A slew of Thai companies have identified opportunities and are planning to ride the wave
published : 1 Mar 2021 at 07:00
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Hemp, a weed that was long regarded as a forbidden plant and included on the country s narcotics list, is taking Thailand by storm.
Ten categories of goods or products ranging from mouth spray, food supplements, skincare products and energy drinks to painkillers and spa products are cashing in on hemp s hype after the government legalised commercial growing in the country last year to promote hemp and cannabis as new cash crops.
From Jan 29, the Food and Drug Administration (FDA) has allowed individuals, legal entities, government offices, community enterprises and companies to register to use the legal parts of cannabis and hemp for medical purposes, as well as in the textile, pharmaceutical and cosmetics industries.