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Power Buy opens Central Pattaya location

The Audio Visual zone has LED, Internet, LCD, and Plasma TVs, along with stereos, DVD players, Blu-Ray, you name it!

Vittaya Yoondorn

Thailand’s leading electronics retailer completed its blanket coverage of Pattaya, opening its seventh Eastern Seaboard branch in Central Pattaya.

Power Buy, a unit of Central Retail Corp. celebrated the opening of the 2,500 sq. m. outlet Dec. 2, touting more than 200 brand-name products.

The opening is part of the chain’s largest expansion in five years and one of 18 stores expected to open in the Kingdom this year. Central Retail allocated 1 billion baht this year toward the opening of new stores and renovation of existing locations.

Power Buy already operates about 60 outlets, mainly in HomeWorks, Thai Watsadu, and Central Department Stores. Locally, there are branches at Tukcom in South Pattaya, HomeWorks in North Pattaya and Central Festival Pattaya Beach. Other locations are open in Sriracha, Chonburi and Laem Chabang.

The new store also features a repair service center offering electronic fixes and air conditioner cleaning.
 


Industry Minister confident 7 flood-hit industrial estates can resume operations by March/April

Industry Minister Wannarat Charnnukul said last Sunday he was confident all seven flood-hit industrial estates in central Thailand can fully resume operations by March/April next year.

Speaking after leading a team to visit Saha Rattana Nakorn Industrial Estate in Ayutthaya, he added the government is currently working on a rehabilitation plan and a clear prevention plan for the future.

The Industry Ministry and related agencies are also planning road shows in other countries to boost confidence among business groups showing Thailand has a long-term flood prevention plan and that the flood situation in the country has eased.

Regarding some companies closing down their businesses due to the flood crisis, possibly leading to unemployment, Wannarat said the Labor Ministry and his ministry coordinated with other firms and tried to find jobs for affected workers. (MCOT)
 


Flooding pushes November inflation to 4.19% year-on-year

Thai inflation in November rose 4.19 percent year-on-year to 113.31 due to flooding in Thailand’s central provinces, said Yangyong Puangrach, the country’s permanent secretary for commerce.

The flood crisis in many provinces destroyed crops, halted industrial production, and obstructed transportation and distribution, forcing some commodity prices to rise in early November.

Flooding also impacted consumer spending and reduced the purchasing power of flood victims, who lost income from not working.

The food and beverage index rose to 10.21, with meat up 10.84, eggs 29.86, vegetables and fruit 17.11, other food items 14.47 and instant foods 9.91. Non-food and beverages increased 0.54 including home supplies and medicine, clothing and shoes.

Inflation from January to November stood at 3.83 percent on average, and the ministry is confident that 2011 inflation will remain at 3.8 percent as inflation in December is likely to drop.

Inflation in the first quarter 2012 is forecast to drop to 3.6 percent owing to a projected oil price drop, baht strengthening and reduced flooding.

When the flood emergency is over, lower cost of transportation will help reduce prices of consumer goods.

Inflation projecting for 2012 is about 3.3-3.8 percent. (MCOT)
 


HEADLINES [click on headline to view story]

Power Buy opens Central Pattaya location

Industry Minister confident 7 flood-hit industrial estates can resume operations by March/April

Flooding pushes November inflation to 4.19% year-on-year
 

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