Bloomberg has released its list of the world’s wealthiest, and the family behind Thailand’s Charoen Pokphand Group sits at number 21. The CP conglomerate is one of the world’s largest, operating across multiple sectors, including food manufacture, agriculture, retail, and telecommunications. It has stakes in CP Foods, the world’s largest producer of shrimp and among the top 3 producers of pork and poultry in the world. It owns the largest retail business in Southeast Asia, consisting of 12,000 7/11 stores, as well as the Siam Makro cash and carry venture. Its telecommunications subsidiary, True Group, is one of the largest […]

A leading investment research firm says the price of gold is on the rise, with predictions bullion could reach US$2,000 an ounce. Chayanee Juengmanon from Morningstar Research Thailand says one exchange-traded fund favoured by most domestic gold mutual funds, recorded net inflows of over $20 billion within the last year, a 30% increase in the value of its assets. gold shops on Bangkok’s Yaowarat Road are seeing long queues, with most customers coming to sell their gold, according to Hua Seng Heng Chief Executive, Tanarat Pasawongse. “Thais have become more skilled in gold investment. Some of them have the patience […]

Contradicting earlier reports, Triumph International (Thailand) has denied any link with a garment company that laid off 800 employees on Friday. A statement from the Swiss Triumph Holding AG on yesterday said the company sold its production facilities in Thailand to Body Fashion (Thailand) 4 years ago. Accoding to the company’s head of corporate communications: “In fact, Triumph has handed over its Thai production network ‘Body Fashion Thailand as long ago as January 2016, to the Malaysian textile and apparel entrepreneur Robert Ng. In Thailand, all 2,757 employees and management were taken over. There were no lay-offs of personnel or […]