Thai Retail Industry News

The Thai Consumer Confidence Index (CCI) surged to 81.7 points in June, the highest in four and a half years, with consumers expecting the new government's policies to result in better economic conditions.

In a move aimed at increasing traffic Thailand's Department of Civil Aviation has created a one year waiver of landing fees for a number of tertiary airports in the country.

Stock investors reacted positively to the election result, with the Stock Exchange of Thailand Composite Index opening 33.48 points or 3.21 per cent higher.

Bangkok is on the list of global top 20 destination cities in terms of visitor arrivals and spending, according to MasterCard Worldwide survey.

Tipco F&B, a Thai-Japanese joint venture, aims to double its beverage sales to 5 billion baht by 2015.

S.P.S. Group, a major local furniture exporter, is targeting 5 billion baht worth of exports in three years after being named a major supplier to Ikea, the popular Swedish do-it-yourself furniture chain.

Amid positive signs of a tourism revival,international tourist arrivals in the first five months of this year rose 24.36% to 8.2 million, according to the Tourism Authority of Thailand (TAT).

Association of Thai Travel Agents' members handled 216,257 international travellers at Suvarnabhumi Airport in May representing a remarkable growth of 212.93% from 69,107 visits during the same month last year, according to the association's latest data.

The Thailand Restaurant Association (TRA) warns that foreign food chains are posing a greater threat to Thai restaurant operators amid government indifference and failure to promote the local industry.

As the world's biggest shrimp exporter, Thailand employs advanced shrimp-farming technology such as bio-security farming, a system that increases yield and ensures high quality.