How far has Thai retailing come in 20 years?
In just two decades, retailing in Thailand has evolved from a traditional model to the global model seen today. The first 7-Eleven opened in 1989 in Bangkok’s Patpong area, and the format proved a huge success. There are more than 4,400 locations in Thailand currently. The Japanese chain Family Mart came to Thailand in 1993. […]
Baht at 10 year high, Dollar at 26 year low.
Two years ago, that 4 million Baht studio or one bedroom condo in Bangkok would cost you $96,367 Now, that same condo will cost you $129,209 and that’s not the appreciation of real estate. Thats just the exchange rate. From WSJ: The dollar hit a 10-year low Thursday when it struck 34.03 baht from the […]
SET at new high, amid political uncertantity
The country has it’s problems, but it seems more an more investors are becoming thick skinned when it comes to political turmoil. Story: This week, foreigners have helped push Thailand’s stock exchange to its highest level since the financial crisis that began here a decade ago, with net foreign buying on Monday and Tuesday of […]
Thai economy improving?
I have to say, I am a bit surprised with all the political turmoil, the Thai economy is still going well: Bangkok Post “Kasikornbank president Prasarn Trairattanaworarkul said his bank had now revised this year’s exports growth to around 14-15 per cent from the 10-12 per cent forecast earlier. The better-than-expected export growth will help […]