Business News
Thailand business news, market trends, foreign investment, and economic updates—stay informed on stock market movements, entrepreneurship, and key developments shaping the economy. Get the latest from The Thaiger, your trusted source for business news in Thailand.
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Sponsored How to reduce out-of-pocket medical expenses in Thailand?
Managing medical expenses in Thailand is important as healthcare costs continue to rise. The country’s healthcare system includes both public and private options, but even with the Universal Coverage Scheme (UCS) for citizens, many still face high out-of-pocket medical expenses....
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Tariff-ied: Thai exporters brace for US trade heat
Thai exporters could soon find themselves in hot water, facing increased tariffs from the United States. The Government of Thailand might also be compelled to import more American goods to balance out its trade surplus, warns Burin Adulwattana, the Managing Director and Chief Economist at Kasikorn Research Centre (K-Research). Burin shared that K-Research hasn’t yet drilled down into the possible…
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HKTDC unveils 7 LifeStyle Trade events in April
The Hong Kong Trade Development Council (HKTDC) will unveil the 7 LifeStyle Trade Events, covering gifts, houseware, fashion, printing and packaging, and licensing from April 27 to 30. With the latest products and trends on display under one roof, the events will feature a selection of lifestyle products and services from around the world, maximising and diversifying buyers’ sourcing in…
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Price hike strikes again: Inflation on a ten-month hot streak
Inflation in January has surged to 1.32%, continuing a relentless ten-month climb, with fuel, food, and beverage costs driving the increase. Poonpong Naiyanapakorn, Trade Policy and Strategy Office (TPSO) chief, disclosed that the consumer price index has jumped by 1.32% compared to the same time last year. It’s the second consecutive month where inflation has breached the 1% mark. A…
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Thai banks to ban mule account transactions next month
The banking sector will introduce a ban on financial transactions involving mule accounts next month, adhering to a directive from the Bank of Thailand. Following a recent meeting of the Joint Standing Committee on Commerce, Industry and Banking, Payong Srivanich, chairman of the Thai Bankers’ Association, announced that banks are upgrading their operational and security systems to block transactions across…
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Exclusive: The strategy behind Stake F1’s Hustlin’ Harder Campaign
The iconic O2 Arena in London set the stage for an extraordinary moment in Formula 1 as the Stake F1 Team KICK Sauber unveiled its 2025 challenger, the C45. Thousands of fans, media representatives, and stakeholders gathered to witness the reveal, which coincided with Formula One’s F175 LIVE celebration marking the sport’s 75th anniversary. With dramatic lighting and an energetic…
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IMPACT invests 5 billion baht to expand MICE hub
IMPACT Exhibition Management Co Ltd is making a bold move to dominate Thailand’s meetings, incentives, conferences and exhibitions tourism (MICE) industry, investing 5 billion baht in two new hotels to transform Mueang Thong Thani into a world-class event and entertainment hub. The investment, part of a long-term expansion strategy, will position IMPACT as a key player in the government’s proposed…
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Bank of Thailand targets illegal loan apps for removal
The Bank of Thailand (BoT) has identified 10 mobile applications offering personal loans illegally and is taking steps to have them removed from the App Store and Google Play Store. Pirajit Padmasuta, the central bank’s senior director for financial consumer protection and supervision of financial service providers, stated that the regulator initially reported the 10 verified illegal apps, including Fineasy…
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Unregistered hotels could boost tourism revenue to 3.5 trillion baht
Unregistered hotel operators entering the registration system could significantly increase hidden tourism revenues, potentially reaching 3.5 trillion baht if successful, according to the Tourism and Sports Ministry. Tourism and Sports Minister Sorawong Thienthong stated that the annual revenue reported by the ministry is lower than the actual tourism figures due to the extensive informal economy, which includes illegal accommodations and…
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Thailand considers cutting free public lighting to lower power bills
The Provincial Electricity Authority (PEA) stated that discussions among national state agencies are necessary regarding the Energy Ministry‘s proposal to reduce power bills by cutting the government’s free electricity supply to public lighting. Currently, local administrative bodies and departments responsible for highways and rural roads are exempt from paying for public lighting, a cost shouldered by the government amounting to…
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Sky’s the limit: AIS takes off with HOVERAir X1 Pro Max drone
In a daring leap into the skies, Advanced Info Service (AIS) has launched its first drone, the HOVERAir X1 Pro Max, setting its sights on the lucrative drone market. The high-flying gadget is now ready for takeoff at AIS service shops, promising to boost revenue from retail outlets and capture the imaginations of tech enthusiasts and adventurers alike. In a…
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Smoke signals: Thailand cracks down on PM2.5 cross-border pollution
In a sizzling new move to tackle the smoggy skies, Thailand’s Department of Foreign Trade (DFT) sets its sights on cracking down on PM2.5 pollution stemming from cross-border agricultural antics. Their bold plan? To roll out strict measures that target corn imports, demanding ironclad proof that the golden kernels come from non-burning cultivation zones. In a hard-hitting proposal slated for…
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Gold prices soar to record heights amid Trump’s tariff turmoil
Gold is glittering like never before, with prices reaching record heights as jittery investors scramble for safe havens following United States President Donald Trump’s bombshell tariff threats against Mexico and Canada. The price of bullion saw a gleaming rise of up to 0.2%, hitting an all-time high of US$2,799.65 per ounce. This shiny achievement came hot on the heels of…
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Thai seafood exports to US unaffected by fishing gear concerns
The Department of Fisheries aims to reassure the public that recent changes to Section 66 of a Fisheries Executive Decree will not impact seafood exports to the United States. There are concerns that the US might ban Thai seafood caught using fishing gear harmful to certain marine mammals. Bancha Sookkaew, Director General of the Department of Fisheries, responded to a…
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Investors to pump 40 billion baht into Pattaya’s tourism sector
Investors are set to inject 40 billion baht into Pattaya, focusing on new hotels and attractions to enhance tourism. On Wednesday, January 29, Wallaya Traisorat, CEO and President of Asset World Corporation (AWC) announced the opening of Meliá Pattaya Hotel, a 234-room property with an investment exceeding 2 billion baht. This hotel targets workcation travellers, digital nomads, meetings, incentives, conferences…
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Casino legalisation: A new opportunity for tourism in Thailand
Thailand is on an exciting yet possibly very controversial journey towards changing its tourism industry. The country is blessed with extraordinary beaches and enriching cultural sceneries. Long since it has been a popular destination for lovers of nature and tourism. Now the country is targeting a wealthier section of people with the desire to rejuvenate and experience luxury. This change…
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Smog threat looms over Thai tourism, hoteliers urge government action
Hotel operators are calling on the government to collaborate with the entire supply chain to address the smog issue before it significantly impacts tourism. Hostels have raised concerns about the financial burden of maintaining clean air for guests. Marisa Sukosol Nunbhakdi, executive vice-president of Sukosol Hotels, stated that there have been no cancellations or delays due to smog during the…
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Chinese New Year spending in Thailand hits 51 billion baht
Public expenditure during the Chinese New Year is projected to reach 51.78 billion baht, marking the highest level in five years, according to recent government estimates. Sasikan Wattanachan, deputy government spokesperson, noted that this figure signifies a 4.5% rise compared to the previous year. It is also the first occasion since the Covid-19 pandemic that spending for Chinese New Year…
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South Korean tourists outnumber Chinese in Chiang Mai amid direct flights boost
The South Korean market may surpass the Chinese in terms of tourist arrivals in Chiang Mai this year, attributed to the increase in direct flights and favourable winter weather, as reported by the Tourism Authority of Thailand (TAT). Patsalin Swetarat, director of TAT’s Chiang Mai office, noted that a decline in safety confidence among Chinese travellers has somewhat affected tourism…
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New Hotel Act targets 500 unlicensed Thai hotels
The Tourism and Sports Ministry is set to propose a new Hotel Act specifically for small and medium-sized hotels, with the aim of registering over 500 unlicensed accommodations that currently cannot participate in the existing system. Tourism Vice-Minister Jakkaphon Tangsutthitham reported that more than 90,000 small and medium-sized accommodations in Thailand do not qualify as hotel businesses under the current…
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Google to build new cloud data centre in Chon Buri
Google is set to enhance its footprint in Thailand by constructing a new cloud data centre in Chon Buri, announced Google’s president and chief investment officer, Ruth Porat. Porat engaged with Prime Minister Paetongtarn Shinawatra during the World Economic Forum (WEF) in Davos on Wednesday, January 22. The Google executive expressed gratitude towards the Thai government for its support in…
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Thailand drafts law for new financial hub with competitive incentives
The Finance Ministry has completed drafting legislation for a financial hub and plans to present it to the Cabinet by early February. Deputy Finance Minister Paopoom Rojanasakul stated that this legislation offers more privileges and authority than the Eastern Economic Corridor laws. The government is committed to advancing this draft law. Once Cabinet approval is obtained, it will be submitted…
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US and Thai stocks rise as Trump delays tariff hikes
Global and Thai stock markets experienced a short-term rebound following US President Donald Trump’s decision not to immediately increase import tariffs. Analysts have advised investors to remain vigilant regarding potential policy changes, as current conditions are unpredictable. On January 20, the price of West Texas Intermediate (WTI) crude oil declined after Trump announced plans to sign an executive order declaring…
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Thailand tops as dream destination for Southeast Asian travellers
Thailand has emerged as the top dream destination for Southeast Asian travellers, as revealed by Grab’s SEA Travel Insights 2024 report. Chantsuda Thananitayaudom, senior director of commercial and marketing at Grab Thailand, highlighted the importance of Southeast Asian tourists to Thailand’s tourism industry. In 2024, Thailand welcomed over 10.6 million travellers from Southeast Asia, representing 30% of its international arrivals.…
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MK Group goes MongKol: Thai hotpot chain’s CNY rebrand
In a sizzling marketing twist, Thailand’s leading Suki restaurant chain, MK Group, embraces the cultural phenomenon of “muketing” by rebranding four Bangkok branches to “MongKol” restaurants just in time for Chinese New Year. Muketing, a fusion of marketing and the Thai term mutelu (beliefs and superstitions), integrates lucky symbols, colours, and auspicious timings into business strategies. MK Group’s new MongKol branding,…
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Trump card: Gold prices set to shine amid US policy jitters
Gold prices are predicted to rise by over 6% in the coming three months following Donald Trump’s inauguration as US President, due to uncertainties surrounding US economic and political policies, according to local traders. Hua Seng Heng Gold Futures (HGF) forecasts a 6.38% increase in gold prices within the first three months of Trump’s administration and a 3.3% rise over…
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Trumping expectations: Bitcoin set to soar under US president
Bitcoin’s price is set to soar during the first three months of Donald Trump’s presidency, while a groundbreaking crypto sandbox in Phuket promises to double Thailand’s digital adoption rate of 12%, according to Binance’s Thai division, the world’s leading cryptocurrency exchange. Ahead of Trump’s swearing-in as the 47th president of the United States, bitcoin reached a staggering new peak at…
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Thailand bets big on casino boom under entertainment banner
In a daring move set to shake up the Land of Smiles, the Government of Thailand is pushing forward with a controversial plan to legalise casinos, sneakily packaged as entertainment complexes. This bold move comes hot on the heels of outspoken former premier Thaksin Shinawatra’s call to legalise online gambling, promising a windfall of tax revenue. Now, the Digital Economy…
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PTT Plc shifts gears: Oil giant explores new horizons
PTT Plc, Thailand’s oil and gas giant, is re-evaluating its tactics in the logistics sector, contemplating a shift away from its traditional petroleum roots. The national conglomerate is investigating fresh investment avenues in non-oil sectors, aiming to revamp its business footprint in the rapidly advancing world of logistics. Leading the charge is Chaya Chandavasu, PTT Senior Executive Vice-President for Corporate…
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Thaksin’s power tariff cut plan sparks debate on electricity pricing
Thaksin Shinawatra‘s proposal to lower the power tariff from 4.15 to 3.70 baht per kilowatt-hour has ignited a discussion on the future of electricity pricing, which has remained elevated since 2022. The adjustment of tariff rates directly impacts electricity bills, with a reduced tariff leading to lower costs for businesses and households. The former prime minister introduced the tariff reduction…
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Majority ineligible for Thailand’s debt relief programme
A significant number of borrowers have registered for the You Fight, We Help debt relief programme one month after its launch. However, a substantial portion of these applicants do not meet the eligibility criteria, as noted by banking officials. Kris Chantanotoke, Chief Executive of Siam Commercial Bank (SCB), highlighted that some registrants do not qualify for the programme. Consequently, the…
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