Alex Morgan

Alex is a 42-year-old former corporate executive and business consultant with a degree in business administration. Boasting over 15 years of experience working in various industries, including technology, finance, and marketing, Alex has acquired in-depth knowledge about business strategies, management principles, and market trends. In recent years, Alex has transitioned into writing business articles and providing expert commentary on business-related issues. Fluent in English and proficient in data analysis, Alex strives to deliver well-researched and insightful content to readers, combining practical experience with a keen analytical eye to offer valuable perspectives on the ever-evolving business landscape.
  • Business NewsHigh airfares dampen Songkran holiday spirit | Thaiger

    High airfares dampen Songkran holiday spirit

    Despite the extended Songkran holiday, a surge in outbound trips is not anticipated, mainly due to high airfares and deflation risk concerns. This perspective comes from travel agents who predict that the 21-day Water Festival campaign is more likely to entice foreign tourists than the local market. Kriangphon Piyaekchai, the vice president of the Thai Travel Agents Association, explained that…

  • Business NewsBank of Thailand explores credit guarantee schemes for SMEs | Thaiger

    Bank of Thailand explores credit guarantee schemes for SMEs

    The Bank of Thailand is contemplating the establishment of credit guarantee schemes for small and medium-sized enterprises (SMEs) to enhance their access to bank loans. Suwannee Jatsadasak, assistant governor for the supervision group, stated that the central bank is analysing various credit guarantee schemes implemented in other countries, including Japan and Taiwan. These nations offer more extensive credit guarantee packages…

  • Business NewsThai baht’s future forecast: Dollar domination looms on the horizon | Thaiger

    Thai baht’s future forecast: Dollar domination looms on the horizon

    Predictions by Kasikorn Research Center (K-Research) indicate a potential decline in the baht to 37 against the US dollar in the coming year. This anticipated depreciation is linked to a combination of a faltering Thai economy and a delay in American interest rate reductions, thereby placing the Thai currency under considerable strain. Kanjana Chockpisansin, K-Research’s head of banking and financial…

  • Business NewsAI and social media search optimisation to shape trends | Thaiger

    AI and social media search optimisation to shape trends

    The forthcoming year, 2024, is poised to be an exhilarating time for both consumers and marketers, as brands embrace and exploit artificial intelligence (AI) on a larger scale, predicts Bhidak Indraduta, the managing director of Mindshare Thailand, a leading media agency. A surge in social media search optimisation, privacy marketing, and responsible AI use are tipped as the key trends…

  • Aviation NewsTibet Airlines confirms order for 50 jets from China’s Comac | Thaiger

    Tibet Airlines confirms order for 50 jets from China’s Comac

    Tibet Airlines, a Chinese carrier, confirmed an order for 40 C919 narrowbody jets and 10 ARJ21 regional jets from the state-owned Chinese plane manufacturer, Comac. This deal was finalised at a ceremony during the Singapore Airshow, a biennial commercial and defence-focused event. Before this deal, Tibet Airlines and Comac announced in December their plans to jointly research a version of…

  • Business NewsThai export growth projected at 2-3% amid global economic recovery | Thaiger

    Thai export growth projected at 2-3% amid global economic recovery

    The UTCC (University of the Thai Chamber of Commerce) predicted a revival in exports, projecting a growth of 2-3% for the year, which equates to a value between US$290-293 billion. This shows a significant improvement from the 1% contraction experienced in the previous year. The UTCC’s president, Thanavath Phonvichai, attributed this predicted resurgence largely to the global economic recovery and…

  • Business NewsThailand PM calls for cut in interest rates amid economic crisis | Thaiger

    Thailand PM calls for cut in interest rates amid economic crisis

    The Prime Minister and Finance Minister of Thailand, Srettha Thavisin, urgently called upon the Bank of Thailand (BoT) to organise an unscheduled meeting of its Monetary Policy Committee (MPC). The objective of this meeting is to consider a cut in interest rates, as recent data suggests that the nation’s economy is in crisis. PM Srettha’s plea for this urgent meeting…

  • Business NewsMyanmar conflict may drive surge of workers to Thailand | Thaiger

    Myanmar conflict may drive surge of workers to Thailand

    The ongoing conflict in Myanmar is predicted to drive its citizens towards Thailand in search of work, according to the Employers’ Confederation of Thai Trade and Industry (EconThai). Following the 2021 military coup and the government’s urgent need to bolster its forces through conscription, Myanmar residents eager to avoid the draft may seek refuge in Thailand, potentially entering the labour…

  • Business NewsNESDC adjusts Thailand’s GDP growth projections | Thaiger

    NESDC adjusts Thailand’s GDP growth projections

    An adjustment to the anticipated GDP growth for 2023 and 2024 has been made by the National Economic and Social Development Council (NESDC), dropping to 1.9% and 2.7% respectively. The secretary-general of NESDC, Danucha Pichayanan, has called upon the Bank of Thailand to utilise financial measures to support the economy. The NESDC unveiled the figures for the economic growth in…

  • Business NewsTBA urges integration of informal economy for digital growth | Thaiger

    TBA urges integration of informal economy for digital growth

    The Thai Bankers’ Association (TBA) has advocated for integrating the informal economy into the national economic framework to enhance transparency and bolster the country’s digital economy. The recovery index of Thailand’s GDP post-pandemic in 2023 was marked at 110, underperforming the worldwide average of 80, according to the TBA. A higher score on this index indicates a lengthier recovery period.…

  • Business NewsGSB asses terms for informal debtors in Thailand’s debt relief bid | Thaiger

    GSB asses terms for informal debtors in Thailand’s debt relief bid

    Deputy Finance Minister Krisada Chinavicharana announced that the Finance Ministry has tasked the Government Savings Bank (GSB) with reassessing conditions for informal debtors. This move is part of the government’s steadfast resolution to address economic issues, especially those concerning formal and informal debt. The responsibility of registering informal debtors and facilitating negotiations with informal lenders has been given to the…

  • Business NewsHong Kong bolsters business links with SE Asia and Middle East | Thaiger

    Hong Kong bolsters business links with SE Asia and Middle East

    Hong Kong is set to intensify its business ties with Southeast Asian and Middle Eastern nations, as part of its contribution to China’s Belt and Road Initiative. Nicholas Ho Lik-chi, the Commissioner for Belt and Road, has identified Malaysia, Thailand, Indonesia, Vietnam, the United Arab Emirates and Saudi Arabia as key cooperation partners for the year ahead. Ho Lik-chi oversees…

  • Business NewsAWS plans to democratise generative AI as global fight heats up | Thaiger

    AWS plans to democratise generative AI as global fight heats up

    Amazon Web Services (AWS), Amazon’s cloud computing division, unveiled its plans to make technology and generative artificial intelligence (AI) readily available. This initiative comes as the global generative AI sector becomes increasingly competitive. Jaime Valles, AWS Vice President of the commercial sector for Asia-Pacific and Japan, highlighted the transformative influence of cloud computing in granting global access to technology and…

  • Aviation NewsSingapore aims to use sustainable aviation fuel in all flights by 2026 | Thaiger

    Singapore aims to use sustainable aviation fuel in all flights by 2026

    Singapore Transport Minister Chee Hong Tat revealed a green initiative to transition all outgoing flights to utilise sustainable aviation fuel (SAF) by 2026. This announcement came during the Changi Aviation Summit, a precursor to the Singapore Airshow. The city-state is committing to a 1% SAF usage target by 2026, with ambitions to elevate this figure to between 3% and 5%…

  • Business NewsThai banking industry faces hurdles amid high auto loan rejections | Thaiger

    Thai banking industry faces hurdles amid high auto loan rejections

    Last year’s robust profits from the Thai banking industry stirred debates, as critics pointed to excessively high interest rates. The sector witnessed a 17.8% surge in net interest income (NII) to 727 billion baht (US$20.2 billion) in 2023, up from 617 billion in 2022. The five biggest banks by assets contributed significantly to this rise with an increased net interest…

  • Business NewsBangkok airport battles congestion with tech amid tourism recovery | Thaiger

    Bangkok airport battles congestion with tech amid tourism recovery

    Suvarnabhumi International Airport in Bangkok, Thailand’s busiest, is facing daily traffic congestion as vehicles compete for parking spaces. The problem is compounded by long queues at immigration and baggage claim areas due to inoperative kiosks and staff shortages. Tourist complaints prompted an unannounced visit from Prime Minister Srettha Thavisin, who has since ordered airport authorities to quicken procedures to under…

  • Business NewsThai processed sugar exports to China surge due to ACFTA | Thaiger

    Thai processed sugar exports to China surge due to ACFTA

    Thai exports to China, particularly those of processed sugar items including syrup, artificial honey, and various sweeteners, have seen a significant surge, courtesy of the ASEAN-China Free Trade Agreement (ACFTA). Over the past decade, Thailand has witnessed a yearly growth of 145% in processed sugar exports to China, as reported by the Foreign Trade Department. Ronnarong Phoolpipat, the director-general of…

  • Business NewsThonburi Healthcare Group expands operations in Myanmar | Thaiger

    Thonburi Healthcare Group expands operations in Myanmar

    Thonburi Healthcare Group Plc (THG) is set to broaden its hospital operations in Myanmar in response to the rising demand for medical treatments. The executive chief, Tanatip Suppradit, disclosed that a feasibility study on the new investment is currently underway with results anticipated imminently. In 2021, THG opted to postpone new investments due to the political upheaval caused by the…

  • Business NewsForeign trade dept tightens inspection of tapioca chip imports | Thaiger

    Foreign trade dept tightens inspection of tapioca chip imports

    Tightened inspections of tapioca chip imports are being enforced by the Foreign Trade Department, following the discovery of a dozen importers smuggling in substandard chips. Ronnarong Phoolpipat, the department’s director-general, revealed that the department had increased inspections at national border areas since November, being the peak sales period for tapioca chips. The operations aim to address a persistent smuggling issue…

  • Business NewsRevenue department develops data analytics to combat tax invoice fraud | Thaiger

    Revenue department develops data analytics to combat tax invoice fraud

    The Director-General of the Revenue Department, Kulaya Tantitemit, announced the development of a data analytics system aimed at helping entrepreneurs integrate into the tax payment system and fight against falsified tax invoices. This announcement was made during a press conference alongside the Economic Crime Suppression Division. Five gangs responsible for the production of fake value-added tax (VAT) invoices have been…

  • Business NewsSoaring travel costs to Phuket spark tourist backlash | Thaiger

    Soaring travel costs to Phuket spark tourist backlash

    The soaring cost of air travel to Phuket has sparked a backlash from local tourists, with low-cost carriers reportedly charging up to 14,000 baht (US$388) for a round trip from Bangkok. Despite making bookings weeks in advance, some travellers reported paying 5,000 baht (US$138) for a one-way ticket. The president of the southern chapter of the Thai Hotels Association (THA),…

  • Business NewsThailand boosts data protection following massive elderly PII leak | Thaiger

    Thailand boosts data protection following massive elderly PII leak

    In a bid to combat personal data leaks, the Thai authorities pledged to strengthen protective measures. Next month, 85 organisations, each handling over 100,000 personal datasets, will face on-site audits. Half of these audits are expected to be completed by August, as confirmed by the Secretary-General of the National Cyber Security Agency (NCSA), Amorn Chomchoey. A recent report from cybersecurity…

  • Tourism NewsThailand allocates 50 million baht for foreign tourist insurance | Thaiger

    Thailand allocates 50 million baht for foreign tourist insurance

    The Thai Tourism and Sports Ministry has allocated a budget of 50 million baht (US$1.38) for the fiscal year of 2024 to financially aid foreign tourists in the event of accidents or death. The ministry stated that this amount is likely to cover its expected influx of 35 million foreign visitors this year, in accordance with the average annual claims…

  • Business NewsBaht falls to three-month low as US inflation delays rate cut | Thaiger

    Baht falls to three-month low as US inflation delays rate cut

    The Thai currency hit a three-month low against the US dollar yesterday, February 14, slipping below 36 to the dollar. This was attributed to higher-than-anticipated US inflation, which led the market to predict a delay in the Federal Reserve’s first interest rate cut, initially expected in May. Quoting Kasikorn Research Centre, the baht was valued at a low of 36.13 against…

  • Business NewsThai automotive industry urged to embrace sustainability | Thaiger

    Thai automotive industry urged to embrace sustainability

    Emphasising the necessity for sustainability and clean energy, the Thai automotive industry is being encouraged to swiftly adapt to new global regulations. Furthermore, the industry is advised to utilise free trade agreements (FTAs) to enhance its competitive stance. Following a meeting with the Thai Automotive Industry Association (TAIA) and the Automotive Industry Club of the Federation of Thai Industries (FTI)…

  • Business NewsThai consumers riding high for sixth straight month | Thaiger

    Thai consumers riding high for sixth straight month

    Consumer confidence in Thailand has been on a steady rise, marking its sixth successive month of growth last month in January. Levels have reached a high unseen since March 2020, attributed to the government’s strategic stimulus measures, including spending boosts and reductions in electricity and fuel prices. Yesterday’s report from the University of the Thai Chamber of Commerce (UTCC) revealed…

  • Thailand NewsPhuket’s property pandemonium: Foreign buyers drive real estate prices sky high | Thaiger

    Phuket’s property pandemonium: Foreign buyers drive real estate prices sky high

    Phuket’s property market has been catapulted to unprecedented heights, with foreign interest igniting a buying spree sending prices soaring. Phattarachai Taweewong, director of Research and Communications at Colliers International (Thailand), revealed that the allure of owning a slice of paradise in Phuket has pushed land prices to astronomical levels, hitting as high as 25 to 100 million baht per rai.…

  • Business NewsSteel dreams: Thai infrastructure boost sparks sector revival hopes | Thaiger

    Steel dreams: Thai infrastructure boost sparks sector revival hopes

    Hopes of a revival in the stagnant steel consumption sector in the country are being pinned on the government’s impending infrastructure development projects. The fiscal 2024 state budget, yet to be approved, is anticipated to propel these initiatives, according to Chaichalerm Bunyanuwat, the president of the EAF Long Product Steel Producers Association. He noted that the steel and iron industry…

  • Business NewsAnticipated US interest rate cut to boost gold prices in May | Thaiger

    Anticipated US interest rate cut to boost gold prices in May

    Gold prices in the domestic market, which had earlier witnessed a surge to 34,550 baht (US$956) per baht-weight during the Lunar New Year, are anticipated to rise again in May. This forecast comes as traders expect the Federal Reserve to begin a cut in US interest rates, thereby potentially driving global prices to US$2,100 per ounce. Gold Traders Association (GTA)…

  • Business NewsOver 1,000 digital platform operators register with Thailand’s ETDA | Thaiger

    Over 1,000 digital platform operators register with Thailand’s ETDA

    Digital platform service (DPS) operators in Thailand are flocking to register with the Electronic Transactions Development Agency (ETDA) system, with over 1,000 already signed up. This comes in response to the DPS law implemented on August 21 last year, aimed at creating transparency and enhancing consumer protection in the digital space. The ETDA is set to issue its ETDA DPS…