Mall operator targets growth in Thailand
Central Retail Corporation (CRC), the country’s biggest mall operator, plans to invest 28 billion baht to expand its business in Thailand and Vietnam this year.
Yol Phokasub, CRC’s chief executive, said the company is currently seeing various positive signs, including Thailand’s revitalised economy and tourism, a recovery in purchasing power in the country, as well as the reopening of Vietnam and China.
According to Mr Yol, CRC’s 28-billion-baht investment would be used to expand the company’s businesses in Thailand, Vietnam and Italy across all the company’s…