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 5 ways retirees in Thailand lose money (and how to stop it)
Retiring in Thailand can be affordable and enjoyable, but many retirees lose money due to common mistakes. High living costs, scams, and unexpected expenses can quickly drain savings. There are five ways that retirees in Thailand can lose money and...
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Banpu strikes a green chord amid energy chaos
While the energy industry faces turbulent times, Thai powerhouse Banpu is staying the course, determined to hit the right note with its ambitious green agenda. Listed on the Stock Exchange of Thailand (SET), Banpu is full steam ahead in its mission to produce quality energy with a keen focus on environmental care, even as market volatility looms large. Under the…
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Thailand economy gives a surprise ‘Thai’ five with Q3 growth leap
Thailand’s economy just delivered a surprise package of positive news! Official figures released today, November 18, reveal that the nation’s economic growth has leapt to a striking 3.0% increase in the third quarter compared to last year, leaving analyst predictions of 2.6% in the dust. In a stellar performance, Southeast Asia’s second-largest economy also recorded a seasonally adjusted growth of…
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EV excitement with a shock: Thailand’s green dream hits a snag
Thailand’s electric vehicle (EV) industry may be sparking excitement but beneath the surface, a storm of challenges is threatening to short-circuit the nation’s EV ambitions. Despite a surge in EV usage, the sector is grappling with poor domestic car sales, sluggish economic growth, crippling household debt, and cutthroat pricing wars that could derail its progress. Chinese EV manufacturers, with their…
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Thailand’s debt drive: Putting the brakes on cars and homes
The financial woes of Thailand have taken centre stage as crippling debt levels put the brakes on car sales and curb the housing market, particularly among low-income households. With banks wary of non-performing loans (NPLs), many hopeful borrowers are seeing their applications for mortgages and car loans hit the skids. In response, the government is steering new initiatives to tackle…
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The rise of online casinos in Southeast Asia: A look at live casino trends
The online casino scene in Southeast Asia has seen tremendous growth, particularly with the rise of live casino platforms. These digital spaces offer players a unique blend of convenience and excitement, allowing them to engage in their favourite games from the comfort of their homes. As technology continues to evolve, the trends shaping the live casino experience are becoming increasingly…
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Thailand consumer confidence rises for first time in eight months
Consumer confidence in Thailand saw its first improvement in eight months this October, driven by reduced concerns over recent floods and improved economic conditions influenced by government policies. The University of the Thai Chamber of Commerce (UTCC) reported a rise in the consumer confidence index to 56, up from 55.3 in September. The consumer confidence index, which measures consumers’ outlook…
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Bangkok Motor Expo shifts into high gear to rev up bookings
Buckle up, folks! The 41st Bangkok International Motor Expo is zooming into town tomorrow, and car distributors are hoping for a much-needed boost in bookings, despite the market feeling like it’s stuck in first gear. Last year saw a whopping 53,248 bookings, and this time around, organisers are revved up to beat that record this year. Kwanchai Paphatphong, the man…
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Thailand explores nuclear energy amid gas supply concerns
The Energy Regulatory Commission (ERC) is gearing up for a deep dive into the legalities of a new small modular reactor (SMR) project right here in Thailand. The nation is at a crossroads, and embracing nuclear energy could be its ticket to a future-proof power grid. Why now, you ask? The country’s domestic gas supplies are drying up, and talks…
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Gartner’s tech-tacular 2025 trends: AI you ready for the future?
US technological research and consulting firm Gartner has unveiled the groundbreaking tech trends to dominate 2025, including AI imperatives, novel computing frontiers, and human-machine synergy. These trends promise to revolutionise organisations with responsible and ethical innovation, said Gartner VP analyst Gene Alvarez “Tracking these trends will help IT leaders shape the future of their organisations with responsible and ethical innovation.”…
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Tourism and gambling: The influence of Thai and Australian casinos on global travel
Tourism plays a major role in countries like Thailand and Australia. Admittedly, it’s more significant for the former, but the latter has been able to benefit in the past from the amount of foreign travel to the country that has been experienced. According to a report by Reuters, Thailand broke its record for tourism numbers and revenues in 2019. That…
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Thailand launches digital durian initiative to boost productivity
The Digital Economy Promotion Agency (DEPA) has launched the One Tambon, One Digital (OTOD) Digital Durian initiative, aiming to enhance the productivity of 8.8 million Thai durian farmers through digital platforms and innovative technologies. This project seeks to standardise Thai durian production, leveraging applications for improved recording, storage, and tracking of crop data. This strategic move is designed to tackle…
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Thai hoteliers worry foreign businesses could harm tourism image
Concerns have risen among Thai hoteliers over the increasing use of Thai nominees by foreign businesses, which they fear may tarnish Thailand’s tourism reputation. The Thai Hotels Association’s (THA) monthly sentiment index highlights this growing unease, especially as the high season begins. THA President Thienprasit Chaiyapatranun revealed that nearly half of Thailand’s hotels express apprehension about illegal foreign investments, particularly…
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Grain expectations: Thailand ‘rices’ to occasion with export boost
Thailand is on track to bolster its rice exports to 9 million tonnes this year, potentially generating 230 billion baht (US$6.4 billion), according to the Commerce Ministry. This optimistic projection follows the country’s successful export of 7.45 million tonnes in the first nine months, already yielding 172 billion baht (US$4.95 billion) in revenue. This marks a notable year-on-year increase of…
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Bangkok: Ratchadaphisek land listed for 11 billion baht sale
A prominent businessman has put a substantial parcel of land up for sale in the Ratchadaphisek area, valued at 1.5 million baht per square wah, amounting to over 11 billion baht. This prime location has attracted interest from Chinese investors keen on developing a hotel. Over 19 rai of land, located along Ratchadaphisek Road and near the Eastern Orange Line…
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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…
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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…
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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…
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Thailand boosts local content in industries amid US-China trade tensions
Finance Minister Pichai Chunhavajira is advocating for increased utilisation of domestic raw materials by businesses and the promotion of Thai ownership within supply chain companies. This initiative is part of a broader strategy to enhance the competitiveness of local industries by offering privileges through the Board of Investment (BoI). Pichai, serving as the chairman of the BoI, emphasised the importance…
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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…
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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…
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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,…
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Vietnam to block Shein, Temu if unregistered by November
Vietnam announced plans to take action against Chinese online retailers Shein and Temu by blocking their Internet domains and mobile applications if they fail to register their operations with the Ministry of Industry and Trade by the end of November. This development arises from concerns over the influence of these Chinese platforms on local markets, particularly regarding their aggressive discounting…
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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…
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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…
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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…
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THAI union fights to keep government out of airline’s rehab plan
Thai Airways International (THAI) staff are up in arms, rallying against what they see as an attempt by the government to seize control of the airline under the guise of a rehabilitation plan amendment. The airline’s labour union staged a peaceful but determined protest outside THAI headquarters yesterday, November 8, holding up placards and calling on creditors to reject the…
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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…
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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)…
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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…
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Thailand powers up clean energy game with 3 new hydropower projects
Thailand is set to enhance its clean energy capacity with the development of three additional hydropower dams by the Electricity Generating Authority of Thailand (EGAT). These dams will function as substantial batteries, thanks to a 90-billion-baht (US$2.65 billion) investment aimed at bolstering the country’s electricity supply amid concerns about the intermittency of solar and wind power. Egat is currently conducting…
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