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Second Apple Store in Southeast Asia to open in Bangkok

Thailand will be the 8th Asian country offering an Apple store after China (42), Japan (9), Hong Kong (6), Macau (2), South Korea (1), Taiwan (1) and Singapore (1).

Bahar Karaman

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Apple Iconsiam, overlooking the Chao Phraya, will open its doors on Nov 10 at 10am, the company announced on its Thailand website.

With the logo slightly modified to resemble the Thai alphabet letter “อ”, the store offers a full range of products — iPhone, iPad, Mac, Apple TV, Apple Watch and select third-party accessories.

A post on Apple’s website reveals that it will operate a retail store at the soon-to-open Iconsiam which is set to become Bangkok’s largest mall when it opens next month.

Apple’s official presence in Asia had been limited to China, Hong Kong and Japan until recent times when it opened stores in Korea, Taiwan and Singapore.

Most countries in Southeast Asia are served by ‘licensed’ Apple stores from third-parties and official retailers

Thailand will be the 8th Asian country offering an Apple store after China (42), Japan (9), Hong Kong (6), Macau (2), South Korea (1), Taiwan (1) and Singapore (1).

 

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Companies

Thai Firm to produce 200 million doses of Covid-19 vaccine

Thai Firm Siam Bioscience Joins with AstraZeneca to Make COVID-19 Vaccine for Southeast Asia and says it will produce 200 million doses of its anti-coronavirus vaccine in Thailand next year.

Olivier Languepin

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Thailand aims to vaccinate up to half of its population against Covid-19 next year according to the director of its National Vaccine Institute, Dr. Nakorn Premsri.

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Business

Great Wall Motor (China) takes over GM factory in Thailand

The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

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Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.

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Companies

Despite Covid-19, why is M&A booming in South-East Asia?

A global survey of more than 2900 C-suite executives, published by multinational consultancy EY in May, found that 47% of South-east Asian respondents would actively pursue M&A in the coming 12 months, above the 10-year average of 43%

Oxford Business Group

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While the coronavirus pandemic has had a negative impact on many businesses throughout 2020, a recent rebound in mergers and acquisitions (M&A) has pointed towards a partial recovery in investor sentiment – as well as demonstrating that certain sectors have taken on greater importance as a result of Covid-19.

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