thailand market

  • Business NewsTemu’s impact on Thailand’s e-commerce market remains uncertain

    Temu’s impact on Thailand’s e-commerce market remains uncertain

    Chinese e-commerce giant Temu‘s potential to impact the e-commerce market in Thailand and the region remains uncertain, according to market analytics firm Cube Asia. Sellers may need to brace for another price war if Temu sustains strong incentives and a low-price strategy, similar to the shifts seen with Shopee, Lazada, and TikTok Shop focusing on profitability. Simon Torring, co-founder of…

  • Business NewsRed Bull’s global charge: TCP Group aims high

    Red Bull’s global charge: TCP Group aims high

    TCP Group, the firm behind the manufacture and distribution of Krating Daeng, also known as Red Bull, has set its sights on international markets due to their high growth potential. The management is also keeping an eye on escalating costs. Spearheaded by TCP Group’s CEO Saravoot Yoovidhya, the company observed a growth of merely 4-5% in the energy drink market…

  • Business NewsExxonMobil projects 10% sales rise in Thailand’s lubricants market

    ExxonMobil projects 10% sales rise in Thailand’s lubricants market

    ExxonMobil Marketing, Thailand, projects a 10% rise in sales of its flagship product, Mobil 1 lubricants, this year, ensuring its continued role as a prominent player in the finished lubricants and chemical marketing industry in Thailand. This follows Bangchak Corporation’s acquisition of a 65.99% stake in oil retailer Esso (Thailand) Plc from ExxonMobil Asia Holdings Pte last year, consequently leaving…

  • Business NewsThailand’s steel industry suffers as cheap imports from China flood market

    Thailand’s steel industry suffers as cheap imports from China flood market

    Steel industry capacity utilisation in Thailand is on a downward spiral, with Tata Steel Thailand Plc (TSTH), a subsidiary of India’s largest steelmaker, attributing this trend to the sluggish economic recovery and the influx of inexpensive steel from China. The postponement of the fiscal 2024 state budget planning as a consequence of the 2023 general elections and the protracted process…

  • GuidesThailand Market Entry in 2023 : a Crash Course

    Thailand Market Entry in 2023 : a Crash Course

    Sponsored (In collaboration with AJ Marketing) Welcome, fellow adventurers of the business realm, to our guide on navigating the captivating landscape of the Thailand market! At AJ Marketing, we understand the allure and potential of expanding your business horizons in this country. Thailand, the Land of Smiles, has long been recognized as a prominent player in Southeast Asia’s economic powerhouse.…