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Thailand's Central Group to invest US$1.14 billion in 2015

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Thailand's largest retail conglomerate Central Group plans to invest 37 billion baht (US$1.14 billion) this year, mostly on expanding its businesses at home and in Southeast Asia.

[BANGKOK] Thailand's largest retail conglomerate Central Group plans to invest 37 billion baht (US$1.14 billion) this year, mostly on expanding its businesses at home and in Southeast Asia.

Unlisted Central Group, controlled by Thailand's richest family, also said on Monday it was targeting revenue growth of 15 per cent to 287 billion baht this year compared to 6.6 per cent growth in 2014.

Central Group has interests in several retail businesses, including Thailand's shopping mall developer, Central Pattana Pcl, Robinson Department Store PCL, Big C Supercenter PCL and Central Hotel Plaza Pcl , a hotel and fast-food chain operator.

REUTERS