Entrepreneurs wanting to jump on the 7-Eleven franchise bandwagon can now access financing from Siam City Bank, Kasikornbank and Siam Commercial Bank.
“We will allow individual investors to select successful outlets from the list of our 7-Eleven stores and turn them into their franchised outlets,” Korsak Chairasamisak, CEO of CP All, the rights holder for Thailand, said yesterday.
“We want to increase the proportion of franchised outlets to about 50 per cent by the end of this year,” he said at the signing of the agreement with the three banks.
Franchised stores make up 49 per cent of the 5,300 7-Elevens in the country and the company wants to take that to 58 per cent of 7,000 stores in 2013.
“We will invest about Bt4 billion this year to open about 500 7-Elevens locally. So far 30-40 have been opened this year,” he said.
The company expects to grow its sales by 10-15 per cent this year from about Bt90 billion last year.
A 7-Eleven serves about 1,200 customers a day on average, or about 6 million people across the country.
The Importance of E-Wallets for Online Gaming Sites
With e-wallets and cryptocurrency being the most relevant options, banks have been put on the side burner, especially when e-wallets and cryptocurrency allow for fast electronic transfer, that is done instantly.
Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures
The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.
BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.(more…)
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