Connect with us
CGIF-10th-Year-Anniversary

Corporate

Central Group allocates special budget for Carrefour acquisition

Central Group yesterday reaffirmed its interest in participating in the bid for Carrefour’s local operations against rivals like Casino (owner of Big C Supercentre) and Berli Jucker (BJC). Carrefour operates about 43 hypermarkets in Thailand but plans to discontinue its operations here and elsewhere in the region.

Avatar

Published

on

Carrefour Thailand retail

Central Group yesterday reaffirmed its interest in participating in the bid for Carrefour’s local operations against rivals like Casino (owner of Big C Supercentre) and Berli Jucker (BJC).
Carrefour operates about 43 hypermarkets in Thailand but plans to discontinue its operations here and elsewhere in the region.

Suthichai Chirathivat, executive chairman of Central Group, said in his first media interview on the issue that the group had allocated a “special extra budget” for the acquisition, which would be in addition to normal investment for retail expansion, set at about Bt16 billion this year.

View original here:

Central Group eyes Carrefour as CentralWorld reopens

The political unrest in the last quarter of 2009 will continue to dampen tourist confidence into at least the first half of 2010. In addition, the slowdown in growth of the economies from which a large number of tourists come to Thailand, such as EU and Japan, will reduce tourist receipts next year.

Carrefour Thailand retail

Central group has allocated a "special extra budget" for the acquisition of Carrefour

Because part of the government’s capital budget has been moved off-budget as part of the stimulus package, some additional capital expenditures, as well as the maintenance expenditures of the newly-built infrastructure, must be incorporated into future budgets once the stimulus package is finalized.

Thailand should take the opportunity during the next few years to strengthen its productivity and competitiveness so that when demand resumes, Thailand will be in a position to jump the band wagon of global recovery. To do so requires serious efforts of all stakeholders in Thailand including the government, private sector, and academia. As these improvements take time, for Thailand to achieve them in time for the projected global recovery, the efforts must start right away.

This is consistent with the fact that public investment levels in Thailand have been relatively low with its share in real GDP at only 5-6 percent in recent years. This is because public investment was contracting since the 1998 crisis and only expanded in 2004-2007, before contracting again this year with delays in disbursement and project completion as a result of the sharp rise in construction material prices and political uncertainties.

Suthichai Chirathivat, executive chairman of Central Group, said in his first media interview on the issue that the group had allocated a “special extra budget” for the acquisition, which would be in addition to normal investment for retail expansion, set at about Bt16 billion this year.

Suthichai Chirathivat, executive chairman of Central Group, said in his first media interview on the issue that the group had allocated a “special extra budget” for the acquisition, which would be in addition to normal investment for retail expansion, set at about Bt16 billion this year.

Suthichai Chirathivat, executive chairman of Central Group, said in his first media interview on the issue that the group had allocated a “special extra budget” for the acquisition, which would be in addition to normal investment for retail expansion, set at about Bt16 billion this year.

Suthichai Chirathivat, executive chairman of Central Group, said in his first media interview on the issue that the group had allocated a “special extra budget” for the acquisition, which would be in addition to normal investment for retail expansion, set at about Bt16 billion this year.

Suthichai Chirathivat, executive chairman of Central Group, said in his first media interview on the issue that the group had allocated a “special extra budget” for the acquisition, which would be in addition to normal investment for retail expansion, set at about Bt16 billion this year.

Comments

Corporate

Giant Thai-Chinese wholesale hub opens in Bangkok’s Pratunam

The region’s largest wholesale hub features products from China at wholesale prices, and products from Thai manufacturers to export to China.

Pr News

Published

on

By

Asset World Corporation (AWC) has launched the region’s largest wholesale hub in the Pratunam area of Bangkok, housed in the old Pantip Plaza tech mall.

(more…)
Continue Reading

Business

Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

Pr News

Published

on

By

Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

(more…)
Continue Reading

Corporate

Thailand’s antitrust agency under scrutiny over $11 Billion Tesco Deal Approval

With the Tesco deal approved, CP Group will gain control over a network of about 2,000 hypermarket and grocery stores across Thailand, and the group already operates 7-Eleven convenience stores and the Siam Makro chain.

Olivier Languepin

Published

on

Thailand’s largest conglomerate, Charoen Pokphand Group (CP) won on Friday the Thai antitrust agency’s approval  for acquisition of retail giant Tesco Lotus: the Office of Trade Competition Commission (OTCC) voted 4:3 in favour of the US$10-billion takeover deal.

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,413 other subscribers

Trending