Magazines Archives - 2009 September

New projects help lift Thai market
Story 9 - Focus

After a slow start to the year due to political uncertainty and the global economic gloom, Thai retailers are positive about the second life.

Since May 2008, Thailand, which relies heavily on tourist dollars, has been grabbing the limelight for all the wrong reasons — from street protests to the seizure of the Prime Minister’s office for six months that culminated in the closure of Bangkok’s two major airports.

In April this year, rioting in the capital city saw thousands of antigovernment protesters battling soldiers on the streets, further worsening a struggling economy.

But, four months after the ‘Black Songkran’ (a Thai new year marred by violence), things are moving fast, with the economy recovering, tourists back on the streets and a more stable government in place trying to restore confidence.

The GDP is forecast to be minus 3%-5% this year before recovering to a positive 1%-2% next year, amid clear signs of orders picking up for various export-oriented industries, especially textile, automotive and hard-disk drive.


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2009 Sep Stories:

Mobile Web and social networks - Part 2: Key issues for Asian retailers to leverage this next big thing in consumer-marketing communications

FHM 2009 bucks challenging times to register good growth

Key real-estate players at ICSC summit a sign of confidence revival in Asia

Supply-chain and logistic show to highlight retail and CPG

Mall initiatives help retailers prepare for eventual upturn

Retail-property experts in Malaysia upbeat about future

Philippine developers are in the mood to invest

Robust retail activity drive India's retail scene

New projects help lift Thai market

Lend Lease’s new training centre all set to equip retailers for brand and service excellence

Shui On, Redevco team up to develop Wuhan mall

Ion Orchard attracts new food concepts

Retailers need to ‘localise’ inventory to win

PayPal’s virtual Asia Mall links retailers to international shoppers

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