Business News
Stay abreast of the ever-changing Business News in Thailand through our comprehensive coverage of local and international business events, market trends, and economic updates. We provide reliable analysis, in-depth features, and expert insights on the most relevant business stories, including issues affecting Thailand’s stock market, foreign investment, and entrepreneurship. Track the business world’s pulse as we inform you of crucial developments shaping Thailand’s economic landscape.
To keep up with the most recent business news in Thailand, subscribe to our newsletter and follow us on social media.
-
Sponsored A World Kindness Day: Spread kindness, prevent illness - Get your 10% discount
With World Kindness Day just two days away on November 13, it’s the perfect time to reflect on how empathy and care can make a real impact, not just in our relationships but in our health, too. This day is...
-
Suvarnabhumi Airport to offer early check-in by February
Suvarnabhumi International Airport is set to introduce an early check-in service, allowing passengers to complete their check-in process up to 24 hours before departure. This initiative, announced on the Transport Ministry’s social media platform, is aimed at enhancing traveller convenience and reducing congestion at Thailand’s primary international gateway. Airports of Thailand (AoT) President Kerati Kijmanawat indicated that the service is…
-
Thai baht hits lowest level amid central bank independence fears
Thailand’s baht suffered a significant drop, marking the largest decline among Asian currencies amid growing concerns over the diminishing independence of the nation’s central bank. The baht depreciated by over 1% to 34.739 against the US dollar, reaching its weakest level since August 19. This decline followed reports that Kittiratt Na-Ranong, a former finance minister known for his critical stance…
-
Hippo hooray: Moo Deng ‘charges’ up Chon Buri’s tourism boom
Chon Buri province is experiencing a significant boost in tourism revenue, largely due to the popularity of a baby pygmy hippo named Moo Deng. This charming young hippo, only four months old, has become a major attraction at the Khao Kheow Open Zoo. Governor Thawatchai Srithong announced that Chon Buri’s tourism-related revenue reached 27 billion baht (US$777 million) from July…
-
SEC to charge violators to boost Thai stock market confidence
The Securities and Exchange Commission (SEC) is set to initiate legal proceedings against violators of the Securities and Exchange Act to bolster confidence in the Thai stock market. This decisive action highlights the SEC’s commitment to safeguarding investor interests and maintaining market integrity. According to Anek Yooyuen, SEC Deputy Secretary-General, the regulatory body will persist in addressing cases involving misconduct…
-
Thailand refurbishes coal units to ensure affordable power supply
Thailand is taking steps to ensure a stable and affordable electricity supply through the refurbishment of two coal-fired power generation units. The Electricity Generating Authority of Thailand (EGAT) plans to extend the service life of Units 8 and 9, located in Lampang, as part of its strategy to maintain low-cost electricity production. Refurbishing these units involves essential maintenance to boost…
-
Thailand and Italy to ‘grow’ a fruitful partnership in agriculture
Thailand and Italy are poised to formalise an agreement to boost collaboration in agriculture, focusing on production, trade, and investment. Agriculture and Cooperatives Minister Narumon Pinyosinwat announced the development after a meeting with Italy’s Minister of Agriculture, Francesco Lollobrigida. The need for a new memorandum of understanding (MoU) has been highlighted to establish a definitive path for future cooperation between…
-
Thai businesses urged to monitor US trade policy under Trump
The Thai Wholesale and Retail Trade Association advises local businesses to closely watch global trade dynamics and the international economy in light of Donald Trump’s recent return to the White House. This call to attention comes amid concerns about potential shifts in US trade policy that could have far-reaching impacts. Somchai Pornrattanacharoen, serving as an honorary advisor to the association,…
-
Thaicom 9A satellite repositioned to secure Thailand’s orbital rights
Thaicom is set to reposition an EutelSat satellite, now labelled Thaicom 9A, to the 50.5° East orbit. This move comes as the deadline to retain Thailand’s rights to the orbit approaches, expiring tomorrow, November 12. The satellite operator aims to ensure the country’s continued access to this orbital position by completing the relocation process within the stipulated timeframe. Last month,…
-
Bitcoin hits record high after Trump’s US presidential victory
Bitcoin surged past US$81,000 (2.78 million baht) today, November 11, hitting a record high, following Donald Trump’s win in the US presidential election. The victory, alongside the election of pro-crypto candidates to Congress, has fuelled speculation about a more lenient regulatory landscape for cryptocurrencies. The digital currency has experienced a remarkable rise, more than doubling from its lowest point of…
-
Thai PM Paetongtarn’s APEC visit strengthens Thailand-Peru ties
Prime Minister Paetongtarn Shinawatra’s participation in the 31st Asia Pacific Economic Cooperation (APEC) summit in Lima, Peru, is anticipated to bolster bilateral ties between Thailand and Peru while contributing to the advancement of the APEC framework. This prediction comes from Cecilia Zunilda Galarreta Bazan, Peru’s ambassador to Thailand. This trip marks PM Paetongtarn’s inaugural visit to the Latin American continent…
-
Thailand implements 8.36 billion baht plan to stabilise rice prices
The National Rice Policy and Management Committee has introduced three strategic measures to stabilise rice prices amidst concerns of potential oversupply during the harvest season. By maintaining a balance between demand and supply, these initiatives aim to prevent a price drop in this year’s rice crop. Commerce Minister Pichai Naripthaphan announced that the first measure entails an 8.36 billion baht…
-
ERC mulls 31% electricity tariff hike despite lower fuel costs
Businesses and households are facing a significant decision regarding the future of their electricity costs as the Energy Regulatory Commission (ERC) considers changes to the power tariff. Despite a projected decrease in fuel costs, the ERC is evaluating whether to maintain the current rate or implement an increase of 26 to 31% early next year. The existing tariff, set at…
-
Loy Krathong festival to generate 6.9 billion baht tourism revenue
Thailand’s Loy Krathong festival is set to boost the economy, with an expected 6.9 billion baht in tourism revenue from 1.9 million domestic trips, as reported by the Tourism Authority of Thailand (TAT). The northern region is forecasted to be the most popular destination, drawing the highest number of tourists. TAT Governor Thapanee Kiatphaibool projected a 9% increase in tourist…
-
Gold prices fall 800 baht amid Trump’s election victory
Gold prices have shown potential for a long-term rise, despite experiencing a significant drop yesterday. The domestic price plummeted by 800 baht (US$23.5) per baht weight, largely due to the strengthening of the US dollar following the recent presidential election victory of Republican Donald Trump. The Gold Traders Association (GTA) reported that domestic gold prices sank to 43,150 baht (US$1,267)…
-
Thailand to register unregistered hotels in response to EU carbon rules
The Tourism and Sports Ministry is set to register unregistered hotels within a year, responding to the forthcoming EU Carbon Border Adjustment Mechanism (CBAM), which introduces strict environmental regulations. CBAM, starting in 2026, will impose carbon pricing on imports, impacting Thailand’s tourism sector if service providers fail to meet standards. Efforts are underway to host a global-scale trade show, such…
-
Bangkok Bank backs bold India expansion for Thai businesses
Thai businesses have their sights set on India’s booming market, and Bangkok Bank is rolling out the red carpet to support this promising venture. With an eye on India’s rapid economic growth and vast population, the bank’s president, Chartsiri Sophonpanich, calls it “a golden opportunity” for Thai entrepreneurs eager to expand. India’s economy is powering ahead at an annual growth…
-
Thailand leads ASEAN in gold demand growth amid record prices
Thailand continues to lead the ASEAN region in consumer gold demand growth, as reported by the World Gold Council (WGC). In the third quarter of 2024, Thailand’s gold demand surged by 11% year-on-year, reaching 14.5 tonnes, marking its second consecutive quarter of robust growth. Globally, gold demand remained strong, increasing by 5% from a year earlier to 1,313 tonnes. This…
-
Thai and mighty: Thailand’s soft power shines in Shanghai
Commerce Minister Pichai Naripthaphan led a star-studded delegation to the bustling 7th China International Import Expo (CIIE), held from November 4-6 at Shanghai’s grand National Exhibition and Convention Centre. Thailand took centre stage, flaunting its rich soft power in a bold bid to dazzle the international crowd. Opening triumphantly, Pichai inaugurated the Thailand Pavilion to elevate the nation’s global image…
-
Thailand biofuel subsidy ends in 2027, costs to rise for farmers
Thailand’s Energy Ministry is set to introduce measures to mitigate the effects of the impending cessation of biofuel price subsidies in 2027. With the expiration of these subsidies, the cost of biofuels is anticipated to rise, impacting palm and sugar cane growers who supply raw materials for biofuel production. Farmers sell their crops to factories that produce two types of…
-
What can a foreigner own in Thailand?
Ranked as the 6th most expat-friendly country globally, Thailand offers a welcoming environment for international citizens, though some legal restrictions do apply. While Thai law places certain limitations on foreign ownership and investment, these regulations vary depending on the type of asset or business venture you’re interested in. Whether you’re an expat looking to invest in Thailand or planning to…
-
Thai Drinks launches 100m baht campaign to boost local tourism
Thai Drinks Co Ltd, the producer of Crystal Drinking Water, announced a partnership with the Tourism Authority of Thailand (TAT) to launch a significant marketing initiative aimed at boosting domestic tourism. With an investment of 100 million baht, the campaign seeks to engage consumers by linking the consumption of Crystal water to the exploration of Thailand’s natural beauty. From October…
-
TBA to the rescue: Thai bankers roll out debt relief plan
The Thai Bankers’ Association (TBA) is set to roll out a major debt restructuring programme to provide much-needed relief to the country’s household debt crisis. The scheme, expected to span three years, will focus on borrowers with a staggering 1.4 trillion baht in debt, covering everything from mortgages to auto loans and small business borrowings. In a bold move to…
-
Thailand enforces stricter regulations on illegal factories
Thailand’s Industry Ministry is intensifying efforts to enforce stricter regulations on substandard products that falsely claim to meet Thai Industrial Standards Institute (TISI) standards. Industry Minister Akanat Promphan announced the initiative following a Cabinet meeting, emphasising the need for collaboration with modern trade stores to conduct random product inspections. “To enforce measures to control substandard products, we are seeking cooperation…
-
Thailand’s public debt remains sustainable at 64% of GDP
The recent Cabinet meeting focused on the nation’s public debt status, revealing it remains well within sustainable limits. Public debt as of August reached 11.7 trillion baht, accounting for 64% of the country’s GDP, comfortably below the 70% benchmark for fiscal sustainability. Government spokesperson Jirayu Houngsub detailed during the meeting that the Finance Ministry adhered strictly to the public debt…
-
Bitcoin set for record high amid US election and rate cuts
Bitcoin is poised for a potential surge to a new record high this month, driven by expectations of further US policy rate cuts and a potential victory by Donald Trump in the US presidential election, according to insights from Merkle Capital, a digital asset fund manager. Last month, Bitcoin reached US$73,600, marking an increase of over 25% compared to the…
-
Thailand to launch 130 billion baht sustainability-linked bonds for 2025
The Public Debt Management Office (PDMO) is gearing up to introduce a sustainability-linked bond (SLB) valued at 130 billion baht for the fiscal year 2025. This move aligns with the country’s commitment to reducing carbon emissions and promoting the use of electric vehicles (EVs). An initial release of bonds worth 20 to 30 billion baht (US$588 to 882 million) is…
-
Thailand to ‘China’ its brand with bold e-commerce marketing
Expanding Thai products into the Chinese market relies heavily on creating a distinct corporate identity, testing products among Chinese consumers, and leveraging online marketing channels. According to the Thai E-Commerce Association, tapping into e-marketplaces is essential for Thai exporters aiming to establish a foothold in China. The association highlights the importance of live commerce and suggests setting up a cross-border…
-
Thai Airways reshuffle: Finance Ministry calls for new managers
Thailand’s Finance Ministry is set to shake up Thai Airways International Plc (THAI)‘s rehabilitation plan, nominating two high-profile officials to join the team managing the troubled national airline’s comeback. In a bid to secure its position as THAI’s primary creditor, the ministry will propose these candidates at a crucial meeting with debtors on Friday, November 8. The nominees, Polchak Nimwatana,…
-
Bank of Thailand board chair decision delayed amid controversy
The selection process for a new board chairman at the Bank of Thailand (BoT) has been delayed yet again, as the independent committee overseeing the choice opted to postpone its decision for another week. They indicated the necessity of more time to fully consider the information presented. This marks the second delay in the decision-making process, following an earlier postponement…
-
Commerce ministry urges halt on soyabean oil price hikes
The Commerce Ministry issued a call to edible oil processors, urging them not to increase retail prices, citing no rise in production costs. This follows reports indicating that soyabean oil producers are considering raising the price of bottled soyabean oil. Goranij Nonejuie, Internal Trade Department Deputy Director-General, announced that the department has formally requested the Soyabean and Rice Bran Oil…
Don't forget to check out some other things to do in Thailand - get help starting a business or finding a job in Thailand, buy Thailand property, rent a yacht or book a medical procedure worldwide.