Thailand's Central Group plans to invest 37b baht in 2015

Bangkok

THAILAND'S largest retail conglomerate, Central Group, plans to invest 37 billion baht (S$1.5 billion) this year, expanding at home and in South-east Asian neighbours by opening new malls to tap into cross-border trade and lining up acquisitions.

Controlled by Thailand's richest family, the unlisted firm told reporters at a news conference on Monday it plans to accelerate revenue growth to 15 per cent this year, to 287 billion baht, compared with 6.6 per cent growth in 2014.