Index Living Mall is expanding its business diversification strategy in Thailand by acquiring the exclusive franchise rights for Flying Tiger Copenhagen, the well-known Danish lifestyle retail brand. This move will bring creative and affordable lifestyle products to Thai shoppers, further strengthening Index Living Mall’s and Danish design's presence in
LEGO is finally opening the doors of its new manufacturing factory in Vietnam, driving sustainability and innovation and creating new labour opportunities. With the “state of the art” factory in Vietnam’s southern province of Binh Duong, Lego set new benchmark on “how to build safer, cheaper, faster but without
The Thai economy in 2024 is still recovering slowly and growing below expectations. The Bank of Thailand has lowered its GDP forecast for 2023 and 2024 to 2.4% and 3.2%, respectively. Tourism, which was a major driver of the Thai economy before the pandemic, is still a concern. What
The continued conflict between Israel and Hamas has economic consequences that reaches far beyond the Middle East region. This is impacting Thai exports and also lead to uncertainty for the future. The conflict has led to increased transportation costs and delayed delivery times due to affected shipping through the
Thailand and Bangladesh are enhancing their bilateral relations following the arrival of Bangladesh Prime Minister Sheikh Hasina in Thailand on 24 April 2024. Since her visit began, the two nations have signed five agreements and a memorandum of understanding, which are designed to boost cooperation in sectors such as
The number of container vessels waiting outside China's ports has nearly doubled since February, as the lockdown in Shanghai continues and many other Chinese cities face restrictions due to Covid-19. Read more here. Source: Seatrade Maritime News
The Omicron wave and the Ukraine war have slowed Thailand's recovery even further, prompting the World Bank to lower its growth forecast to 2.9 percent in 2022. Inflation reached a 13-year high as global energy prices rose, while consumer confidence fell to a 6-month low amid the Omicron wave. The
The next carrier is developing its own division for airfreight by transferring the activities of its existing in-house aircraft operator, Star Air, to the newly born unit Maersk Air Cargo. The major Danish carrier has opted for Denmark’s second largest airport, Billund, as its air freight hub. Daily flights are
The economy showed signs of a rebound in Q4 2021. However, the combined shocks of the ongoing Omicron wave and the fallout of the Ukraine-Russia conflict on global energy prices, tourism and financial markets, will further set back the recovery. The number of foreign tourists fell in January, due to