Central FamilyMart Co, the main local operator of FamilyMart convenience stores, is exploring new market opportunities amid fierce competition by offering a mobile store format to boost its customer base. Read the rest of this entry »
One of the most promising sectors in Thailand’s property market is undeniably retail. At present there are a total of 6.21 million square meters of retail space across 323 developments in Bangkok. With an occupancy rate of up to 96.5%, the retail market offers good growth prospects over the next five years. According to the Thai Shopping Centers Association, up to 120 billion baht worth of additional investment will be pumped into the retail sector.
The developing economies of East Asia will grow less rapidly this year than previously expected, says the World Bank. But domestic demand and economic stimulus measures will allow growth to accelerate again next year. The euro zone crisis and a looming “fiscal cliff” in the United States continue to pose “considerable risks” to the global outlook, but in East Asia and the Pacific — a region that includes countries such as China, Thailand, and Indonesia but not Japan and India — robust domestic demand is helping growth remain well above that in other parts of the world.