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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Thai interest rate cuts to ease loan load amid economic slowdown
In a move that promises relief for borrowers across Thailand, six leading commercial banks and a clutch of state-owned counterparts have slashed lending rates following the Bank of Thailand’s recent policy rate cut. This adjustment is designed to alleviate the financial strain as the economy slows down. Domestic systemically important banks (D-SIBs) are joining forces to trim loan interest rates…
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Carbon copy: Thailand trades up for a green offset with carbon credit plan
Thailand is exploring the possibility of allowing businesses to offset up to 15% of their greenhouse gas emissions through carbon credits within a proposed emissions trading system. This initiative aims to boost the nation’s voluntary carbon market, according to Suraphon Buphakosum, Vice President, and Head of Sustainability Service Development at the Stock Exchange of Thailand, who is involved in the…
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Trading places: Thai export boom hides ticking trade bomb
Amidst the cheers of soaring export numbers, the Thai National Shippers’ Council (TNSC) fired a warning shot, urging Thailand to shift its focus towards resolving trade imbalances on a country-by-country basis. TNSC chairman Chaichan Charoensuk warned that the ongoing trade war resembles a ticking time bomb for exporters, with an explosion expected in the second quarter. The council predicts a…
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DHL delivers electrifying future for Thailand: Charges up EV plans
In a daring move set to shake up the logistics scene, renowned global courier DHL has unveiled its ambitious Strategy 2030 for Thailand with a zesty focus on the booming electric vehicle (EV) sector, spare parts service, and cross-border e-commerce. The master plan is poised to transform Thailand into a pivotal regional hub amidst the swirling challenges of global trade,…
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Thai exporters urge government to speed up US trade talks
The private sector has called on the government to expedite trade negotiations with US President Donald Trump and to incorporate private sector input into these discussions. The Thai National Shippers’ Council (TNSC) highlighted concerns that delays could adversely impact exports. Chaichan Charoensuk, the TNSC chairman, noted the lack of significant progress in preparing for potential US-imposed measures aimed at reducing…
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Trump card: Bitcoin booms as Donnie deals in digital dollars
Bitcoin nosedived back into the spotlight with a jaw-dropping surge of over 20% yesterday, accompanied by a thrilling rally in various cryptocurrencies. The electrifying leap followed US President Donald Trump’s bombshell announcement about a proposed strategic US reserve replete with an enticing collection of digital tokens. In a candid post on Truth Social, Trump unveiled his plan for a January…
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Boom to bust: Chinese investment in Thai property hits rock bottom
Once a beacon of opportunity, Thailand’s vibrant condo market for Chinese investors is now dimming, as economic clouds gather over China’s middle class. Stephen Yao, a former Chinese investments broker in Bangkok, and Pattaya, has seen his formerly bustling schedule dwindle. In 2017 and 2018, he made a staggering 32 trips from China’s Guangdong province to Thailand. But recent years…
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Thailand tightens foreign business laws to curb nominee practices
Thailand has several laws regulating the entry and activities of foreigners, as detailed by Auramon Supthaweethum, Director General of the Department of Business Development (DBD). The Immigration Law permits temporary residence, and the Alien Employment Act allows temporary employment, subject to permits and exceptions for banned occupations. The Foreign Business Act of 1999 restricts certain businesses to protect Thai interests,…
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Thailand sees record 1.13 trillion baht foreign investment boost
Prime Minister Paetongtarn Shinawatra expressed optimism about Thailand’s economic prospects, highlighting significant foreign investment, which reached over 1.13 trillion baht last year, the highest in a decade. In a monthly Empowering Thais TV segment aired by the National Broadcasting Services of Thailand, the premier shares her optimism in regards to economic trajectory, despite last year’s 2.5% growth. “We will work…
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Tiktok to invest 300bn baht in Thai tech hub development
TikTok plans to invest approximately 300 billion baht in Thailand over the next five years to transform the country into an ASEAN technology hub. The decision emerged from discussions yesterday, February 28, between Helena Lersch, TikTok’s vice-president of public policy, and Prime Minister Paetongtarn Shinawatra in Bangkok, as reported by Government Spokesperson Jirayu Houngsub. Lersch expressed appreciation for the Thai…
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Cable crackdown: Thailand bridges gap on cybercrime
In a campaign to cut off cybercriminals at their source, Thailand’s top telecom regulator is joining forces with the Department of Highways to tackle illegal cross-border cable networks lurking near national bridges. In a bid to sever the sinister circuits exploited by cybercriminals, the National Broadcasting and Telecommunications Commission (NBTC) is tying knots with the Department of Highways to clamp…
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Thai Airways reports huge loss but promises strong comeback
Thai Airways International has assured stakeholders that its massive loss for fiscal year 2024 is due to a one-off debt-to-equity conversion and will not hinder its operational performance or planned exit from its rehabilitation programme. The airline reported a staggering loss of 26.901 billion baht, primarily caused by a one-time accounting loss of 45.271 billion baht from the debt-to-equity conversion completed…
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No dice: Thai casino entry plan unlikely to get Cabinet approval
A new proposal by the Council of State for Thai nationals to enter casinos is unlikely to receive Cabinet approval, according to Interior Minister Anutin Charnvirakul. The proposal requires Thais to maintain a minimum of 50 million baht in fixed deposit accounts for six months before accessing a casino entertainment complex. Anutin, who also serves as a Deputy Prime Minister…
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Rice and fall: Thailand faces grain pains as India lifts export limits
Thailand’s rice market, once riding high, now faces a shaky season as Indian export restrictions relax, threatening to steal the spotlight and curb the kingdom’s grain gains. After a bumper year, it seems that the golden grains might lose their sparkle, casting a shadow on Thailand’s export figures. Despite a slight boost in Thai rice production, set to rise by…
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Cheers: Thailand’s booze rules shake-up promises economic tonic
In a move that could pop the cork on a 100-billion-baht economic boom, Thailand is considering scrapping its afternoon booze sales ban: a measure that could turn holidaymakers’ frowns upside down and get tills ringing right across the Land of Smiles. Industry leaders are raising a glass to the potential windfall, with the promise that lifting these restrictions could lure…
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Thai-ing the knot: Thailand pushes for free trade deal with gulf nations
Thailand is advancing negotiations on a free trade agreement with Gulf countries to boost trade, tourism, and investment. Nalinee Taveesin, the chair of Thai Trade Representatives, described the Gulf countries as Thailand’s most significant market in the Middle East, with trade between the two regions reaching approximately US$36 billion last year. Non-oil and natural gas trade saw nearly a 10%…
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Thailand’s economic growth hits a snag but hope remains
Thailand’s financial fortunes took a slight dip as the latest economic figures failed to meet the lofty heights analysts had anticipated. Official data reveals a respectable 3.2% growth in the last quarter of 2024 compared to the previous year, which, while promising, didn’t quite hit the 3.9% growth mark predicted by a Reuters poll of analysts. The National Economic and…
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Going green: Thailand’s solvent solution sparks eco-revolution
As zero-emission vehicles race to the forefront of Thailand’s climate action, it’s not just the cars that are grabbing the green spotlight in the eco-revolution. Behind the scenes, a silent revolution in solvent recycling is powering the country’s eco-commitments while ensuring a cleaner, more sustainable future. In the bustling auto industry of Thailand, an unsung hero is emerging in the…
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EC Markets renews strategic partnership with world’s leading snooker player Judd Trump
EC Markets, a globally renowned multi-regulated CFD trading firm, is proud to announce the renewal of its exclusive FX partnership with Judd Trump, the preeminent figure in the world of snooker. This strategic collaboration underscores EC Markets’ steadfast commitment to excellence, innovation, and global expansion, aligning its brand with one of the most celebrated and influential athletes in contemporary sports.…
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Trump’s ‘Gold Card’ visa: A potential game-changer?
United States President Donald Trump has always sparked debate, and his recent proposal of a “gold card” visa is no different. This plan aims to create a new pathway to U.S. citizenship. The heart of the proposal is a $5 million investment in exchange for a visa, which could potentially change the landscape of U.S. immigration. The gold card visa…
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Most watched sports in Thailand
While Thailand may be best known for the likes of its rich cultural heritage, stunning views, and warm hospitality, it also has a thriving sports scene. There is a deep passion for traditional sports, such as Muay Thai, but there is increasing interest in international sports which are now gaining a strong following. Sports fans are now watching, and engaging,…
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Volt-face: Volvo shifts gears with new EV offerings in Thailand
Volvo Car Thailand is gearing up for modest growth in car sales, capped at 5% this year, by revving up its appeal with fresh electric vehicle models and an innovative battery repair service. This bold strategy aims to keep long-term maintenance costs low for drivers and attract more eco-conscious consumers. Chris Wailes, managing director of Volvo Car Thailand and Malaysia,…
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AirAsia soars to new heights with record passenger growth in 2024
AirAsia is flying high after recording a surge in passenger numbers throughout 2024, as the budget airline group expanded its fleet to meet booming travel demand. The carrier welcomed over 63 million passengers last year, an 11% increase from 2023, while its load factor climbed to 89%. The final quarter of 2024 was particularly strong, with 16.2 million passengers flying…
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Baht to the future: Thailand exports ready for Trump change
The Export-Import Bank of Thailand is bullish about the country’s export growth this year, buoyed by ripple effects from US President Donald Trump’s trade policies. According to Exim Bank President Rak Vorrakitpokatorn, several global regions, including the EU, South Asia, and Southeast Asia, are ramping up imports in anticipation of Trump’s next moves, especially with uncertainty looming over US imports…
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Thailand hotel room rates soar by 15% amid travel demand surge
Hotel room rates in Thailand increased by an average of 15% from 2023, as reported by SiteMinder, an e-commerce platform assisting hotels with direct and third-party bookings. This growth distinguishes Thailand as the only country with double-digit expansion. The Hotel Booking Trends report from SiteMinder, which analysed over 125 million reservations, indicates that the average daily rate (ADR) in Thailand…
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Banking on success: Line BK logs in for double-digit loan growth
In a bold move against economic headwinds, Line BK, the social banking brainchild of Kasikornbank (KBank) and Line Corp, is setting its sights on a double-digit loan growth surge this year, powered by cutting-edge technology. Eyeing a hefty 3-4 billion baht boost in new loans, Line BK is steering towards a 13-18% growth, up from last year’s 22 billion baht…
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Fuelling the future: PTT Oil shifts gears for a brighter 2025
PTT Oil and Retail Plc (OR) is revving up for a sunnier financial forecast this year, aiming to bounce back after last year’s revenue slip. The secret sauce? A Thailand infused with tourism and investment buzz, according to OR chief Peekthong Thongyai. Thanks to a tourism surge, Thailand’s economic prospects are looking rosier than ever. Back in 2019, the country…
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Full steam ahead: SRT fast-tracks freight boost to cut costs
In a bid to slash transport costs for import and export businesses, the State Railway of Thailand (SRT) is all set to turbocharge freight services between Laem Chabang Port in Chon Buri and Bangkok. SRT Governor Veeris Ammarapala and his team, yesterday, February 12, descended on the deep-sea port and the Inland Container Depot (ICD) in Bangkok’s Lat Krabang district,…
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Single Thais impact wedding industry with shifting social values
A growing number of Thais are opting to stay single, with reasons cited including evolving social values, financial constraints, and mismatched expectations. This trend is impacting businesses associated with romance, such as wedding planners and florists. In 2023, a survey by the National Statistical Office found that one-fifth of Thais were single. Within the reproductive age group of 15 to…
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AI and automation: How tech is reshaping the workforce
Technological advancements are revolutionising the workforce, altering job roles and increasing productivity across various sectors. Innovations like artificial intelligence and automation are redefining the future of employment. The Bureau of Labor Statistics has documented a significant shift in the workforce due to these emerging technologies. McKinsey’s detailed report highlights automation’s role in streamlining processes, boosting efficiency, and creating new job…
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