- Business News
ChatGPT security: Asia-Pacific tops list in account breaches, Group-IB reveals
In a comprehensive study conducted by the international cybersecurity corporation Group-IB, over 100,000 infiltrated ChatGPT accounts have been detected in concealed Internet marketplaces. In the last year, the majority of these ChatGPT credentials were discovered within the Asia-Pacific region, threatening ChatGPT security. Through the close survey of stealer-riddled devices, Group-IB identified upwards of 101,134 technological instruments storing saved ChatGPT credentials.…
- Business News
Hotel Act concerns addressed by Thai Hotels Association due to government’s registration rules
The Thai Hotels Association (THA) has taken a positive step by welcoming the Ministry of Interior’s new regulations. These rules will now classify smaller accommodations that were operating before 2016 as hotels. This decision is expected to result in increased tax collection, providing additional income for the government. However, the proposal to exempt larger accommodation facilities from registration under the…
- Business News
Boggle Boggle: Korean noodle pop-up store debuts in Thailand with K-drama experience
In a move influenced by the continued fascination with K-pop culture among Thai enthusiasts, ‘Boggle Boggle,’ a Korean noodle pop-up store reminiscent of the famed late-night food spots or vintage red tents frequently portrayed in South Korean TV dramas, has made its recent debut in Thailand. Hosting its grand opening on June 24, Boggle Boggle occupies a space on the…
- Business News
Hydrogen program launched by Egco to cut CO2 emissions in the US
A significant advancement in the pursuit of cleaner energy took place recently, as Electricity Generating Plc (Egco), a subsidiary of the state-run Electricity Generating Authority of Thailand, launched a hydrogen program. This new initiative is set in the Linden Cogen thermal cogeneration plant’s 172-megawatt Unit 6, located in the US. The hydrogen fuel blending programme is part of a wider…
- Business News
Thailand’s real estate sector eyes foreign investment boost
With an eye on boosting the economy, real estate developers and consultants are urging Thailand‘s new government to implement policies that promote foreign investment. They believe such measures will stimulate a more positive environment for overseas buyers in the property market, suggesting promotional efforts to increase awareness among foreign investors. Artitaya Kasemlawan, head of residential sales projects at CBRE Thailand,…
- Business News
AIS urged to retract NBTC lawsuit amidst True-DTAC merger controversy
In an undisclosed revelation from employees within the National Broadcasting and Telecommunications Commission (NBTC), it was indicated that Advanced Info Service (AIS) has been encouraged to retract its lawsuit against last year’s NBTC board resolution, which validated the amalgamation of True-DTAC. This lawsuit could potentially create complications for the commission when deliberating the ongoing acquisition of the fixed broadband service…
- Business News
Global Thai rice export forecast to surpass 8 million tonnes
The appeal for Thai rice continues to be significant globally, with both Indonesia and Bangladesh expressing their aspirations to buy the grain through G2G or government-to-government contracts. Ronnarong Phoolpipat, head of the Foreign Trade Department, stated that the immense global demand for Thai rice is likely to boost exports to surpass 8 million tonnes this year. The department has plans…
- Business News
Drought hits Thailand’s cassava yield, imports to fill shortfall predicted
A projected decrease in Thailand’s yield of cassava and its by-products from 11 million tonnes last year to an estimated 9 million tonnes this year has been attributed to drought conditions. This situation is further compounded by more farmers opting for sugar cane cultivation instead. Ronnarong Phoolpipat, director-general of the Foreign Trade Department, revealed that despite the drought-induced shortfall in…
- World News
Durian surplus sparks joy in Singapore as Malaysian supply surges
Durian surplus in Singapore has led enthusiasts to find their favourite spiky fruit available in abundance this year. The unprecedented bounty of the asperous fruit is so significant that claw machines now carry it, creating a thrilling opportunity to cradle a durian for the trivial cost of just 26 baht. A surplus from the leading producer, Malaysia, has driven durian…
- Business News
Chinese tourism deterred by tourist scams in Thailand, says ATTA
Fear of being conned by tourist scams poses a bigger concern to prospective Chinese tourists than Thailand’s political ambiguity, advises the Association of Thai Travel Agents (ATTA). Given a sluggish economic recovery on the mainland, the Chinese tourism market could slightly be affected. Calling for tougher safety measures, ATTA’s president, Sisdivachr Cheewarattanaporn, indicated that improving the country’s image and reassurances…
- Economy News
Thai tourism-linked businesses experience booming growth amid economic recovery
Amid escalating tourist arrivals and robust economic recovery, Thai tourism-associated enterprises have been reaping lucrative rewards, particularly in the fields of foreign exchange, travel agencies, tour guides, dining establishments, and the accommodation industry. Such industries have experienced impressive growth within the initial five months of this year, as revealed by data garnered through the Business Development Department of the Commerce…
- Business News
Business diversification: Susco Beyond explores EV market amidst fluctuating oil prices
Susco Beyond, an auxiliary affair of Susco Plc, a prominent Thai oil retailer, persists to diversify. While an integral part of their business still revolves around the oil industry, they seek to mitigate the risks associated with fluctuating oil prices through business diversification. To this end, they have turned their attention to non-oil businesses, an example of which includes their…
- Business News
Thai chicken advancement: CPF targets space-grade safety for production
In a bold step indicative of its commitment to product safety, Charoen Pokphand Foods PCL (CPF) has set its sights on the stars. Taking its poultry products to new heights, CPF is joining the “Thai Food Mission to Space” programme. A trailblazing endeavour, this Thai chicken project is spearheaded by CPF in partnership with Nanoracks Llc, a leader in space…
- Economy News
Thailand tourism thrives as it ranks second in global travel, Bangkok tops city list
Thailand tourism continues to thrive, as online travel platform Agoda recently revealed that the country holds the title of the second most popular destination for travellers worldwide, with Bangkok topping the list of favourite cities for global travellers. The ranking came from an analysis of booking data collected from January to May of the current year, shared by government spokesman…
- Business News
31 Centara hotels scoop Tripadvisor Travellers’ Choice awards
Centara Hotels & Resorts scooped several top honours in the Tripadvisor Travellers’ Choice awards for 2023, with 31 of their properties being recognised worldwide. These prestigious awards, reserved for establishments consistently achieving excellent traveller reviews over the past year, place Centara’s hotels and resorts within the top 10% of all listings on Tripadvisor globally. This year, two Centara properties received…
- Business News
Delta Electronics cites external factors in share price fluctuations
There’s been a recent development with Delta Electronics (Thailand). The company has informed the Stock Exchange of Thailand (SET) that the company’s recent share price fluctuations are the result of external factors and that its financial fundamentals remain strong. Following a slump of 18.3% on Tuesday, Delta’s shares experienced volatility yesterday, closing up 0.26%. The trading alert on Delta’s shares…
- Business News
Fashion-forward: Jaspal gears up for IPO, set to make a stylish debut on stock exchange
Bangkok-based ready-to-wear fashion company Jaspal is preparing for an initial public offering (IPO) on the Stock Exchange of Thailand (SET) as it seeks funding to further develop its fashion and lifestyle ventures. Jaspal recently submitted a proposal for the listing, offering up to 156 million shares, representing no more than 26% of the firm’s paid-up capital, to the Securities and…
- Business News
Digital platforms in Thailand face new transparency law, affecting over 1,000 major operators
A new law issued by royal decree will come into effect on August 21, aimed at regulating digital platforms in Thailand while promoting transparency and consumer protection, according to Digital Economy and Society Minister Chaiwut Thanakamanusorn. The digital platform service law was was first published in the Royal Gazette on December 23, 2022. Upon implementation, digital platforms looking to conduct…
- Business News
Sustainable financing: Unlocking Thailand’s net-zero pathway challenge
The urgency of tackling climate change and transitioning towards a sustainable future has drawn increased attention to the importance of sustainable financing in recent years. With every investment decision holding the potential to mould the fate of the planet, governments, corporations, and financial institutions are recognising the significance of funding environmentally friendly initiatives. The push for a net-zero carbon economy…
- Business News
Thailand boosts oversight of agriculture imports to tackle smuggling
The Ministry of Commerce in Thailand is ramping up its efforts to strengthen the oversight of agricultural product imports in an attempt to tackle smuggling in the country. The Internal Trade Department’s deputy director-general, Chakra Yodmani, noted that his agency has instituted measures to control the flow of 10 different crops, including paddy and milled rice, government stockpiled rice, fresh…
- Business News
Thai SEC urged to tackle Stark’s negative shareholder equity, boost investor trust
Finance Minister Arkhom Termpittayapaisith urged the Securities and Exchange Commission (SEC) to address Stark Corporation’s negative shareholder equity issue to safeguard investors’ interests and bolster confidence in the market. Arkhom held discussions with the SEC’s secretary-general about the stock issue and encouraged the regulator to utilise available tools to boost investor trust in the market. He said… “It is crucial…
- Business News
TBN shares surge 144% on MAI debut, SET issues cautionary note
The Market for Alternative Investment (MAI) saw the debut of TBN Corporation shares on Monday, leading the Stock Exchange of Thailand (SET) to issue a cautionary note to investors in light of high trading speculation. Yesterday morning, TBN shares experienced a trading turnover ratio of 85%, reaching 41.5 baht by midday. The 144% increase was up from the initial public…
- Business News
Delta Electronics shares plunge 20%, triggering 1% drop in Thai Stock Exchange
Delta Electronics saw its shares plummet by approximately 20% recently, negatively impacting the Stock Exchange of Thailand (SET) after the implementation of market surveillance measures due to irregular price increases. Analysts from Krungsri Capital Securities (KCS) and Maybank Securities identified the primary cause of the 1% drop in the SET index as Delta’s share price decline, as the electronics parts…
- Business News
Luxury market boost: Siam Piwat doubles space at Siam Paragon amid soaring demand
Rapid growth in demand for luxury items during the pandemic has led Siam Piwat to enlarge the sales space allocated to luxury goods at Siam Paragon, doubling it in size. According to Mayuree Chaipromprasith, the president of corporate affairs and communications at Siam Piwat, the pandemic restrictions fuelled a significant increase in the appetite for the luxury market. The average…
- Business News
Rice export surge: Thailand fast-tracks new varieties to boost global market share
Thailand is making significant strides in boosting its export competitiveness by fast-tracking the development of new rice varieties to meet global market demand, with plans to introduce 30 new varieties in the coming year. Following the “new rice variety contest for Commerce” event, Commerce Minister Jurin Laksanawisit discussed Thailand’s efforts to combat the lack of diversity in its product offerings…
- Business News
SASE survey reveals security incidents doubled in Thailand amid remote work shift
A recent SASE survey reveals that Thailand has seen at least double the number of security incidents in 2021 compared to the previous year, primarily due to the rise in hybrid working environments. The study, commissioned by Fortinet, highlights the challenges faced by businesses in securing the ‘branch-office-of-one’ setup amid the shift to remote work. Rashish Pandey, vice president of…
- Business News
Election uncertainty affects Thai tourism, domestic spending slows down
As the Election Commission validates candidates for MP-elect roles this week, tourism operators express concern about a slowdown in domestic spending. Travellers appear to be delaying their plans, whilst local businesses hesitate to reinvest until a government is established. “There will still be a vacuum period until the government is formed,” said Sanga Ruangwattanakul, president of the Khao San Road…
- Business News
Economic slowdown, drought risk to hinder Thai economy in H2
The prospect of a domestic economic slowdown in the latter half of the year has been raised due to multiple factors, including potential drought, political uncertainties, and a slow global economy, according to the Employers’ Confederation of Thai Trade and Industry (EconThai). EconThai’s vice-chairman, Tanit Sorat, highlighted that the global economy is predicted to experience growth of less than 2.1%…
- Business News
PSP Specialties plans IPO on Thai stock exchange for growth boost
Thailand’s leading lubricant producer, PSP Specialties Plc, is preparing for an initial public offering (IPO) to boost its business growth. The company plans to offer 350 million shares, approximately 25% of its total shares, on the Stock Exchange of Thailand. The price per share is yet to be determined, with a roadshow in the works to promote the company. CGS…
- Business News
Chinese tourism boost: TAT aims for 5 million visitors despite real estate woes
Despite concerns surrounding China’s current real estate market downturn, the Tourism Authority of Thailand (TAT) remains optimistic about its prospects of attracting 5 million tourists from the Asian country in 2021. As travellers continue to save for overseas trips during the ongoing pandemic, TAT governor Yuthasak Supasorn anticipates Chinese tourism will see a surge, with Chinese tourists will be eager…
