Business
Business News – The Latest News about Business in Thailand
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Sponsored Growing cannabis in Thailand? Never grow alone with Growland Dispensary and Grow Shop
For any cannabis lover living in or visiting Phuket, Growland Dispensary and Grow Shop on Patak Road is too hard to miss. They're Phuket's leading provider of premium flower strains, clones, and edibles. But Growland is more than just a...
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Huneety releases solution for talent shortage
Press Release Huneety is a regional HRtech startup headquartered in Bangkok and founded by 2 French entrepreneurs, Simon Carvi, Co-Founder & CEO and Vianney d’Hostel, Co-Founder & COO. Huneety is the combination of “H” for Humans and the word “Unity”. Huneety was born in late 2021 from the acute talent shortage in Southeast Asia, a phenomenon that is expected to…
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Thailand’s leading Fintech “DeeMoney” unveils new strategy “Owndee” with better rates, faster, and easier transfers
DeeMoney is Thailand’s No 1 money transfer service licensed by BoT DeeMoney aims to be NeoBank offering comprehensive cross-border payment and money transfer services on digital platforms that best address target customers’ demand In 2022, DeeMoney emerged as a dominant fintech player in the non-bank money transfer sector, with overall transactions exceeding 3 million transactions with a volume over 50…
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Prime office location for rent in the heart of Bangkok’s thriving Bang Kapi area
Looking for a strategic prime office location to establish your business in Bangkok? Look no further than the SINGHA COMPLEX project in the bustling Bang Kapi area. The recently completed office space on the 18th floor of the tower is now available for long-term rent. The indoor area of the office measures 783 square metres and it is currently unfurnished.…
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Thailand’s top 10 most expensive condos
Thailand is home to 15 condominium projects selling condo units for more than 50 million baht each, according to the Agency for Real Estate Affairs (AREA). Matichon reports that the President of AREA’s Thai Real Estate Research and Valuation Information Centre, Sophon Pornchokchai, revealed on Tuesday that the most expensive condominium unit in Thailand is worth a whopping 887.2 million…
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Selfridges’ Thai owners take on 70 billion baht debt
Central Group, Selfridges’ Thai owners along with Austrian enterprise Signa Holdings, have taken on another £1.7 billion (US$ 2 billion, 70 billion baht) of debt in a strategy to increase investment returns. The London branch of Bangkok Bank provided the loan, secured against the lease on the retailer’s London flagship store. Selfridges said the loan would “release capital” for the…
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Nok Air begins Bangkok-Hyderabad flights
Thailand’s budget airline Nok Air has begun direct Bangkok-Hyderabad flights linking the Thai capital with India’s IT hotspot. A Boeing 737-800 aircraft with 189 Economy Class seats plies the nonstop route from Don Mueang International Airport to Rajiv Gandhi International Airport four times per week. Nok Air begins Bangkok-Hyderabad flights The new route provides Hyderabad, a major centre for the…
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FDA seizes imported Chinese food
The Food and Drug Administration seized almost 4,000 items of imported Chinese food from seven Bangkok stores yesterday. FDA deputy secretary-general Weerachai Nolwachai said his agency had discovered that 3,783 food products sold at the stores had not been certified by the Thai FDA. Weerachai said… “They have no proper labelling for food products, and no Thai labels. None of…
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Thai Airways to merge with Thai Smile to ‘reduce losses’
Thai Airways is to merge with Thai Smile to “reduce losses.” The plan is expected to be approved by the end of this year. Piyasvasti Amranand, chairman of THAI’s committee overseeing the airline’s rehabilitation, said the restructuring had been on the cards for a while and had always been part of the plan. “A study about the merger plan is…
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Malware and ransomware biggest threat to Thai businesses
Malware and ransomware continue to be just as much of a threat to businesses this year as last, according to a cybersecurity firm FortiGuard Labs. The global cyber threat study and research team, found malware and ransomware with sophisticated attack patterns and delivery remain the main threats to Thai organisations. Vulnerability will increase During the fourth quarter of 2022, FortiGuard…
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Foreigners invest 5 billion baht in Thailand in January 2023
In the first month of 2023, foreign investment in Thailand amounted to 5.129 billion baht, the biggest investors being the Japanese, investing 3.588 billion baht. Foreign investment is expected to reach 100 billion baht by the end of the year. Today, Deputy Minister of Commerce Sinit Lertkrai revealed 52 cases of foreign investment in January under the Foreign Business Act…
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Thai rubber should tap into the sex toy market, says agriculture minister
Thailand could make a killing if the country’s world-class rubber industry tapped into the sex toy market, according to Minister of Agriculture Chalermchai Sri-on. The minister posted a compelling argument on Facebook which would require a big revision of Thailand’s archaic laws if it came to fruition. The kingdom’s illegal sex industry is hiding in plain sight, sex toys included.…
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Taxes up, bribes down – Palang Pracharath Party wants venues to operate legally
The ruling Palang Pracharath Party’s Chaiwut Thanakamanusorn wants to make it easier for entertainment venues to operate legally. The Minister for the Digital Economy would like to see bars and clubs operate within the tax system, bringing in fiscal revenue and administration fees while reducing the scope for bribery. Chaiwut said on Sunday that Palang Pracharath members had agreed that…
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Great Wall Motor targets 50% growth in Thailand this year
China‘s Great Wall will target 50% growth in Thailand this year. Great Wall Motor’s Ora Good Cat is already the top-selling electric vehicle in the kingdom. Great Wall Motor aims to increase sales in Thailand by 50% this year, the privately owned automaker said on Friday, while also planning to launch production of electric vehicles in Thailand in 2024. GWM…
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Thai Airways rehabilitation ahead of schedule
Thai Airways expects to exit its rehabilitation plan ahead of schedule. The airline is already looking for new aircraft as the recovery in global tourism bolsters earnings. CEO Chai Eamsiri said Thursday that the carrier will be able to leave its court-supervised debt plan “much earlier” than the late-2024 target, according to Bloomberg. The company is also in talks with…
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Mitsubishi SpaceJet grounded to a halt
Japan has finally admitted that building the Mitsubishi SpaceJet, the nation’s first passenger aircraft, was not a good idea. The project appears to have been grounded forever. Japan abandoned plans to build its first passenger jet after years of technology setbacks and costs running out of control. According to the Guardian, Mitsubishi Heavy Industries will cancel the public-private SpaceJet partnership,…
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Three crucial lessons learnt while building a lending start-up during Covid-19
Press Release Without a doubt, starting a business from scratch is a crazy leap of faith, and doing so during a global pandemic is sheer insanity. To this day, Amir, my business partner and co-founder, and I have never even met. We took a chance and discarded the conventional “dating process” for founders in favour of a more modern approach.…
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Chem-Dry announces Thailand master franchise availability
Press Release After more than 20 years., Chem-Dry’s master franchise holders in Thailand are ready to sell, creating a rare entrepreneurial opportunity in a market ripe for solid growth. This opportunity represents a unique investment for entrepreneurs looking to start or expand their business portfolio and tap into the rapidly growing cleaning industry in Thailand. Brothers David and Richard Arell…
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PM Prayut proud of Thailand’s pineapples
Prime Minister Prayut Chan-o-cha‘s face lit up with joy when he heard that Thailand is the biggest exporter of canned pineapple in the world, according to government spokesperson Anucha Burapachaisri. PM Prayut was “delighted” when the Agriculture Ministry informed him that Thailand holds a 32% share in the global canned pineapple market – the biggest in the world – valued…
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