Thai malls bet $5bn on post-election tourism boom

Siam Piwat and The Mall Group bet they can convert new visitors into big spenders

20190305 Thai retailers

The Iconsiam shopping mall in Bangkok. (Photo by Akira Kodaka)

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

BANGKOK -- Two of Thailand's biggest retailers, Siam Piwat and The Mall Group, have unveiled multiyear plans totaling around 150 billion baht ($4.7 billion) in investments ahead of general elections on Sunday.

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