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.
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Thai Government vows to help fruit farmers, following the problem of product oversupply and price slumps, the Ministry of Commerce said.
BANGKOK, August 2019 (NNT) – To help fruit farmers, following the problem of product oversupply and price slumps, the Ministry of Commerce has recently used Section 44, of the interim constitution, to engage government and private agencies in assisting them in terms of marketing to help sell the produce, including mangosteens, Lansium demesticum, rambutans, longans and other seasonal fruit.(more…)
Thailand’s Drought disaster estimated 10bn baht ($326M)
The overall damage is expected to escalate to 37 billion baht should the drought extends to September, as the wet season rice cultivation cycle would be affected; that would lower expected Thai economic growth to 2.9 percent from 3 percent.
BANGKOK, 3rd August 2019 (NNT) – The latest estimate from the University of Thai Chambers of Commerce (UTCC) shows the drought disaster this year has affected some 1,330 square kilometers of farmland, most of which is rice farms, with initial damage estimated at about 10 billion baht.(more…)
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