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 NewsThailand’s investment applications surge to five-year high in 2023 | Thaiger

    Thailand’s investment applications surge to five-year high in 2023

    Thailand’s investment promotion applications in 2023 skyrocketed to a five-year high of 848 billion baht, marking a 43% increase from the adjusted figure of the previous year. The surge was powered by significant foreign investments in the five priority sectors identified in the Board of Investment’s (BoI) fresh Investment Promotion Strategy. Contributing to this colossal growth in Thailand’s foreign direct…

  • Business NewsThailand’s blue flag stores to become drop-off points for postal goods | Thaiger

    Thailand’s blue flag stores to become drop-off points for postal goods

    The Internal Trade Department is joining forces with Thailand Post in an initiative that will see the country’s Blue Flag (Thong Fah) affordable stores used as drop-off points for goods from farmers, small and medium-sized enterprises (SMEs), and the general public. The Department Director-General, Wattanasak Sur-iam, confirmed that discussions with Thailand Post had taken place and that they were in…

  • Business NewsMegabangna mall invests 200 million baht to boost customer spending | Thaiger

    Megabangna mall invests 200 million baht to boost customer spending

    SF Development Co, the firm behind Megabangna shopping mall, earmarked a 200-million-baht (US$5.6 million) budget for marketing, intending to drive up customer footfall and increase spending by 10-15%. Wanwimon Ordeedolchest, the Vice-President of Marketing at the company, revealed that the funds will be channelled into numerous events, activities, campaigns, and applications to draw in shoppers to Megabangna. “We will hold…

  • Business NewsChinese New Year spending in Thailand set to hit decade high | Thaiger

    Chinese New Year spending in Thailand set to hit decade high

    The upcoming Chinese New Year festival, set to start on Thursday, February 8, is predicted to witness the largest financial outlay by Thai locals in over a decade, thanks to the nation’s economic resurgence following the pandemic’s impact. The annual survey conducted by the University of the Thai Chamber of Commerce (UTCC), monitoring consumer expenditure during the festival, foresees a…

  • Business NewsThailand targets 35 million international tourists | Thaiger

    Thailand targets 35 million international tourists

    The Tourism and Sports Ministry of Thailand is optimistic about its ability to attract 35 million international tourists this year. This confidence stems from the fact that in the first month of the year alone, the country recorded three million foreign visitors. The encouraging figure was aided by daily arrivals exceeding 90,000 on weekdays and 100,000 during the weekends in…

  • Business NewsThai bond market to remain strong with 1 trillion baht new issuances | Thaiger

    Thai bond market to remain strong with 1 trillion baht new issuances

    The Thai bond market is projected to remain strong this year, with estimated new issuances totalling 1 trillion baht (US$27.9 billion), says financial advisory firm SCB Wealth. The sustained high interest rates are expected to contribute to favourable returns. Sornchai Suneta, Executive Vice President of SCB Wealth’s Investment Office and Product Function, anticipates that the bond market will continue to…

  • Business NewsBangkok’s BAM anticipates drop in bad debt auction prices in 2024 | Thaiger

    Bangkok’s BAM anticipates drop in bad debt auction prices in 2024

    Bangkok Commercial Asset Management (BAM), a prominent player on the Stock Exchange of Thailand (SET), anticipates a decrease in auction prices for bad debt sales in 2024 due to a rising supply amid economic sluggishness. The financial institutions are expected to face increased challenges with the escalation of distressed debts, influenced by depreciating auction prices for both non-performing loans and…

  • Business NewsThai finance minister urges bank of Thailand to lower policy rate | Thaiger

    Thai finance minister urges bank of Thailand to lower policy rate

    The Deputy Finance Minister, Julapun Amornvivat, called on the Bank of Thailand’s Monetary Policy Committee (MPC) to consider lowering its policy rate. The request comes in a bid to alleviate the strain on the public, taking into account the impact of the policy rate on individuals rather than solely focusing on financial stability. Julapun argues for a harmonious approach, stating…

  • Business NewsCourt cancels Elon Musk’s $56billion pay deal | Thaiger

    Court cancels Elon Musk’s $56billion pay deal

    Last week, Tesla CEO Elon Musk suffered a significant legal setback when a court nullified his US$56 billion pay package, marking one of the most substantial legal losses in US history. The suit was lodged by Richard Tornetta, a resident of Pennsylvania, who owned just nine shares in Tesla back in 2018. The case reached trial in late 2022 and…

  • Business NewsLabour costs outpace revenue growth in Thai tourism sector | Thaiger

    Labour costs outpace revenue growth in Thai tourism sector

    Rising labour costs in the tourism sector are outpacing revenue growth, resulting in increased hotel expenses, as revealed by hospitality market analyst STR. Jesper Palmqvist, senior director for Asia-Pacific at STR, warned that the only risk for hotels this year is maintaining cost controls in light of the extraordinary growth of labour costs and room rates. Over the past one…

  • Business NewsSamsung’s Galaxy S24 series boasts strong pre-orders in Thailand | Thaiger

    Samsung’s Galaxy S24 series boasts strong pre-orders in Thailand

    Thai Samsung Electronics’ Vice-President of Mobile Experience, Sitthichoke Nopchinabutr, expressed confidence in the company’s position in Thailand’s competitive smartphone segment. This follows the recent launch of Samsung’s Galaxy S24 series, equipped with advanced artificial intelligence (AI) capabilities. Sitthichoke revealed that the volume of pre-orders for the S24 series places Thailand among the top five markets globally. Moreover, it leads to…

  • Business NewsThailand’s Land Bridge project eyed as foreign investment magnet | Thaiger

    Thailand’s Land Bridge project eyed as foreign investment magnet

    The Land Bridge project in southern Thailand, a proposal yet to be approved, is being highlighted as a potential boon for foreign investments, akin to the successful Eastern Economic Corridor (EEC). This comparison is drawn by the current government. The EEC, unlike the proposed Land Bridge, is operational and continues to develop, acting as a high-tech industrial hub drawing investments.…

  • Business NewsThai Airways on track for Stock Exchange return amid rehabilitation success | Thaiger

    Thai Airways on track for Stock Exchange return amid rehabilitation success

    Anticipations are high for Thai Airways International Plc (THAI) to make its comeback on the Stock Exchange of Thailand (SET) in the coming year, as disclosed by Tibordee Wattanakul, the director-general of the State Enterprise Policy Office (SEPO). The national flag carrier’s liquidity is on the mend, and operations are systematically aligning with its rehabilitation plan. This positive shift is…

  • Business NewsBusinesses warned of risks of not adopting AI, says Stanford professor | Thaiger

    Businesses warned of risks of not adopting AI, says Stanford professor

    Stanford University Graduate School of Business Professor Amir Goldberg stressed the urgency for businesses to actively engage with artificial intelligence (AI), according to a conversation with a former corporate executive. Highlighting the vital role AI plays in today’s competitive market, Professor Goldberg warned businesses of the risks of not adopting AI, likening it to a fast-moving train that cannot be…

  • Business NewsJapanese firms urge Thai government to simplify customs and boost infrastructure | Thaiger

    Japanese firms urge Thai government to simplify customs and boost infrastructure

    Japanese businesses based in Thailand have urged the government to simplify customs duty rules and enhance transport infrastructure, in addition to introducing economic strategies to increase public spending. The Japanese Chamber of Commerce (JCC) in Bangkok recently communicated with the press to share insights from its newest survey assessing the business outlook amongst Japanese firms and investors in Thailand. The…

  • Thailand NewsThai hotels hit hard as property tax breaks end | Thaiger

    Thai hotels hit hard as property tax breaks end

    Thai hotels are facing an uphill battle this year as the government pulls the plug on property tax reductions and energy prices soar, sending operating costs skyrocketing by 10%. Marisa Sukosol Nunbhakdi, the President of the Thai Hotels Association (THA), reveals the dire consequences for hotel owners who enjoyed a 90% tax discount in 2020-21, only to see it evaporate…

  • Business NewsAI’s impact on jobs raises concerns, experts urge preparedness | Thaiger

    AI’s impact on jobs raises concerns, experts urge preparedness

    Concerns are rising across various sectors about the potential displacement of jobs due to the increasing adoption of artificial intelligence (AI), with experts advising organisations and individuals to prepare for the inevitable impact. A recent blog post by Kristalina Georgieva, chief of the International Monetary Fund (IMF), suggested that AI would affect nearly 40% of global jobs, replacing some and…

  • Business NewsThai government aims to boost cross-border trade despite 2023 contraction | Thaiger

    Thai government aims to boost cross-border trade despite 2023 contraction

    The Thai government is aiming to reinvigorate its cross-border trade, including transit trade, this year following a 2.6% contraction in 2023, which saw the value fall to 1.7 trillion baht (US$48 billion). The Foreign Trade Department’s director-general, Ronnarong Phoolpipat, stated that the Commerce Ministry would expedite cross-border and transit trade according to the government’s investment promotion strategy for 2024-27. To…

  • Transport NewsAutomakers’ ties to forced labour in China under scrutiny, says HRW report | Thaiger

    Automakers’ ties to forced labour in China under scrutiny, says HRW report

    Five prominent automakers, including Toyota, General Motors, Volkswagen, Tesla, and China’s BYD, have questionable ties to forced labour in China’s Xinjiang region, as identified by a report by Human Rights Watch (HRW). Xinjiang, an important aluminium producer contributing to approximately 9% of the global supply, has been linked to state-sponsored labour transfer programs accused of coercing Muslim minorities into forced…

  • Business NewsChina surpasses Japan as world’s largest car exporter in 2023 | Thaiger

    China surpasses Japan as world’s largest car exporter in 2023

    China has seized the title of the world’s largest car exporter in 2023, according to recent industry figures. This marks a significant shift, seeing Japan’s reign topple for the first time since Germany’s lead in 2016. This new data, released yesterday, January 31, by a Japanese trade organisation, indicates a 16% increase in Japan’s car exports from the previous year,…

  • Business NewsThailand’s steel industry suffers as cheap imports from China flood market | Thaiger

    Thailand’s steel industry suffers as cheap imports from China flood market

    Steel industry capacity utilisation in Thailand is on a downward spiral, with Tata Steel Thailand Plc (TSTH), a subsidiary of India’s largest steelmaker, attributing this trend to the sluggish economic recovery and the influx of inexpensive steel from China. The postponement of the fiscal 2024 state budget planning as a consequence of the 2023 general elections and the protracted process…

  • Business NewsThailand’s manufacturing sector set to rebound by 2024 despite 2023 contraction | Thaiger

    Thailand’s manufacturing sector set to rebound by 2024 despite 2023 contraction

    Despite the economic slowdown causing a 5.1% contraction in Thailand’s Manufacturing Production Index (MPI) last year, it is expected to rebound in 2024. The forecasted improvement comes in response to an increase in the export of industrial products, which grew by 3.22% in December, marking the third consecutive month of growth, according to Warawan Chitaroon, the director-general of the Office…

  • Business NewsThailand’s manufacturing production sees steep fall due to car output drop | Thaiger

    Thailand’s manufacturing production sees steep fall due to car output drop

    The Industry Ministry reported a year-on-year fall of 6.27% in Thailand’s manufacturing production index for December, attributed to a downturn in car production. This figure was notably steeper than the anticipated 3.2% decrease, according to a Reuters poll. This followed the 4.71% drop in November, rounding out a year in which overall output shrank by 5.11%. In addition to the…

  • Business NewsThai government and central bank clash over interest rates | Thaiger

    Thai government and central bank clash over interest rates

    The ongoing discord between government officials and central bankers regarding interest rate adjustments is creating uncertainty for local banks and could potentially trigger further foreign investor withdrawals. Thailand Prime Minister Srettha Thavisin, along with key advisors, is advocating for a reduction in rates by the Bank of Thailand (BoT) to stimulate an economy the Thai PM describes as being in…

  • Business NewsFree visa policy to boost Thai tourism stocks amid Chinese arrivals | Thaiger

    Free visa policy to boost Thai tourism stocks amid Chinese arrivals

    An agreement for a free visa policy between Thailand and China is set to greatly boost seven Thai tourism-related stocks, as projected by brokerages. This policy, signed earlier this week, is anticipated to cause a significant uptick in Chinese arrivals in Thailand this year. The Tourism Authority of Thailand (TAT) set a target of attracting 8.2 million Chinese tourists in…

  • Business NewsThai baht surges as US dollar weakens ahead of Federal Reserve meeting | Thaiger

    Thai baht surges as US dollar weakens ahead of Federal Reserve meeting

    The Thai baht experienced an upturn against a weakening US dollar, with investors predicting the US Federal Reserve to hold its policy rate steady in the upcoming meeting this week. The baht yesterday, January 30, initiated at 35.38 to the dollar, a rise from Monday’s close at 35.58. The local currency fluctuated between 35.28 and 35.45 against the dollar and…

  • Business NewsCabinet gives preliminary approval to revamp Fisheries Act of 2015 | Thaiger

    Cabinet gives preliminary approval to revamp Fisheries Act of 2015

    The proposed revision to the Fisheries Act of 2015 yesterday received preliminary approval from the Cabinet. The government aims to ease the challenges encountered by the fishing industry and foster more efficient and sustainable fishing practices. The proposed changes are expected to provide relief to over 600,000 small-scale coastal fishing households in 20 provinces, many of whom were compelled to…

  • Business NewsTaiwanese tourism in Thailand set to hit one million mark | Thaiger

    Taiwanese tourism in Thailand set to hit one million mark

    The Taiwanese tourism market in Thailand is projected to reach a milestone of one million visitors this year, provided that Thailand’s government prolongs its visa-free scheme until the end of the year. Sisdivachr Cheewarattanaporn, president of the Association of Thai Travel Agents (ATTA), stated that despite the delayed visa exemption approval for Taiwanese tourists in November last year, the total…

  • Business NewsRevving up: Thailand’s car production to rise by 3.17% in 2024, predicts FTI | Thaiger

    Revving up: Thailand’s car production to rise by 3.17% in 2024, predicts FTI

    The Federation of Thai Industries (FTI) predicted a 3.17% rise in Thailand’s car production this year, reaching an estimated total of 1.9 million units. This projection comes despite the less-than-anticipated total car production of 1.84 million units last year, falling short of the 1.85 million units target. According to Surapong Paisitpatanapong, Vice-Chairman and spokesperson for the FTI’s Automotive Industry Club,…

  • Business NewsThailand and China’s visa-free policy not boosting tourism yet | Thaiger

    Thailand and China’s visa-free policy not boosting tourism yet

    Despite the recent permanent visa-free policy between Thailand and China, airlines and hotels are not anticipating an immediate rise in demand. This is largely due to the gradual increase in demand and the seating capacity that is yet to fully recover. The agreement was reached during China’s Foreign Minister Wang Yi’s four-day official visit to Thailand, where he met with…