The Central Group, Thailand’s largest retailer, will revise its medium-term investment and business plans after suffering devastating losses at its flagship CentralWorld mall earlier this month.
The Zen Department Store was destroyed and the main mall damaged in the riots that broke out nationwide on May 19 in clashes between red-shirt protesters and security forces.
Prin Chirathivat, the Central Group's executive director for finance, said the group would revise its 16-billion-baht investment plans for the year in the wake of the riots.
He said following a visit to CentralWorld yesterday that a final tally on the losses suffered by the group had yet to be made, nor was it known how much compensation would be paid by insurers.
Abuse against women still prevalent in Thailand
Like many other Asian countries, Thailand is a patriarchal society in which women are generally tied to the role of family caretaker which usually means raising children and taking care of the elderly, as well as other household chores like cooking and cleaning.
In December 1999, the United Nations designated Nov 25 as the International Day for the Elimination of Violence Against Women, to commemorate the murder of the Mirabal sisters, the three Dominican political activists who opposed the dictatorship of Rafael Trujillo in 1960.
Thai cabinet approves 350 billion baht Aid for COVID-hit Businesses
Thailand unveiled new measures to help small and medium COVID-hit businesses in the tourism industry hit by a liquidity crunch.
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.
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