Siam Makro Plc, the operator of the Makro cash-and-carry store chain under Charoen Pokphand Group, announced on Wednesday that it will double its investment this year to 8 billion baht to expand its business amid the political instability and slowdown of retail business.
Tuk-tuk and taxi drivers wait for customers at Makro’s Charan Sanitwong branch in Bangkok. Despite the political impasse, Siam Makro yesterday announced big expansion plans for the cash-and-carry chain. Panumas Sanguanwong
"We are not worried about the cash-and-carry business. The evidence is clear that our business is still growing, with almost 12% growth in the first quarter," said chief executive Suchada Ithijarukul.
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