Thai retail giant Central Group is earmarking at least 44 billion baht ($1.4 billion) to support its domestic and overseas expansion plan.

The Chirathivat family-owned company plans further openings in Thailand, Malaysia, Indonesia and Vietnam.

The expansion is aimed at increasing its 2014 revenues by 14 per cent to more than 267 billion baht ($8.2 billion).

Central Group is involved in merchandising, real estate, retailing, hospitality and restaurants. Its subsidiaries include Central Pattana, a developer and operator of shopping malls, and Central Retail Corporation, Thailand’s largest retail conglomerate.