BANGKOK, 12 June 2019 (NNT) – King Power today won the bidding to run duty-free shops in three regional airports, marking another victory for the firm which previously won two licenses to operate duty-free shops and the commercial zone at Bangkok’s Suvarnabhumi Airport.
Airports of Thailand Plc (AoT) yesterday unsealed bid envelopes for the duty-free operation at airports in Phuket, Chiang Mai and Hat Yai. The three bidders were King Power Duty Free Co that won the auction, followed by a Royal Orchid Hotel (Thailand) Plc joint venture, and a consortium led by Bangkok Airways Plc.
The results of the three bids to run the duty-free shops at three regional airports will be submitted to the committee in charge of revenue assessment on June 12 before being forwarded to the AoT board for consideration on June 19.
Prior to this, AOT launched a concession auction for the Suvarnabhumi Airport Duty Free Project. The right to operate a business to manage a commercial area within the Suvarnabhumi Airport building was also won by King Power Duty Free Plc.
Political uncertainties send Business sentiment to 15-month low
The TCC Confidence Index figure in May 2019 is recorded at 47.7, which is the lowest in 15 months, with lower indication scores in all regions including Bangkok and neighbouring provinces.
BANGKOK, 21 June 2019 (NNT) – Uncertainties regarding the forming of a new government and trade war concerns, have resulted in confidence among business operators in May 2019 continuing to decline, reaching a 15-month low, as shown in the latest TCC Confidence Index.(more…)
Thai Prime minister opens ASEAN Business Summit
Thailand has gone through restive situations and solved obstacles to national development, such as the illegal, unregulated and unreported fishing and human trafficking, as well as facilitated doing business to upgrade the country’s competitiveness.
BANGKOK, 21 June 2019 (NNT) – Prime Minister Gen. Prayut Chan-o-cha delivered a speech, entitled ’the Future of Thailand and ASEAN’, during the fifth Bloomberg ASEAN Business Summit. The premier confirmed that Thailand, as chair of ASEAN this year, has had the potential and is prepared in all aspects to make progress alongside the ASEAN community.(more…)
King Power bags duty free contract at Thailand’s four major airports
King Power Duty Free Company won the contracts to operate duty free shops at Suvarnabhumi International, Phuket, Chiang Mai and Hat Yai airports
The board of Airports of Thailand (AOT) today endorsed the bid committee’s decision to award the contracts to operate duty free shops at Suvarnabhumi International, Phuket, Chiang Mai and Hat Yai airports, and to manage commercial areas at Suvarnabhumi International airport, to King Power Duty Free Company.(more…)
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