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.
-
Sponsored 9 most common health issues covered by insurance for expats in Thailand
Thailand is a popular destination for expats due to its affordable lifestyle and excellent healthcare system. However, settling in a new country often brings health concerns. To ensure you’re covered for the most common medical needs, understanding what expat health...
-
Fitch ratings reveal Thailand’s economic recovery to boost corporate earnings in 2023
Recovery of the domestic economy and alleviation of inflationary pressures are set to bolster the performance of corporations in Thailand this year, suggest analysts from Fitch Ratings during the 2023 Thailand Corporate Credit Outlook & Asean ESG conference, held recently in Bangkok. Corporates at Fitch Ratings (Thailand)’s Lertchai Kochareonrattanakul, a senior director, indicated in his talk that a boost in…
-
ChatGPT security: Asia-Pacific tops list in account breaches, Group-IB reveals
In a comprehensive study conducted by the international cybersecurity corporation Group-IB, over 100,000 infiltrated ChatGPT accounts have been detected in concealed Internet marketplaces. In the last year, the majority of these ChatGPT credentials were discovered within the Asia-Pacific region, threatening ChatGPT security. Through the close survey of stealer-riddled devices, Group-IB identified upwards of 101,134 technological instruments storing saved ChatGPT credentials.…
-
Buying a franchise Vs buying a business: The benefits and drawbacks of each option
Are you considering starting your own business? Do you have the motivation and desire to be an entrepreneur but are unsure of which route to take? Buying a franchise or buying a business are two popular options for aspiring entrepreneurs. Both have their own set of benefits and drawbacks. In this article, we’ll explore the benefits and drawbacks of each…
-
Hotel Act concerns addressed by Thai Hotels Association due to government’s registration rules
The Thai Hotels Association (THA) has taken a positive step by welcoming the Ministry of Interior’s new regulations. These rules will now classify smaller accommodations that were operating before 2016 as hotels. This decision is expected to result in increased tax collection, providing additional income for the government. However, the proposal to exempt larger accommodation facilities from registration under the…
-
Hydrogen program launched by Egco to cut CO2 emissions in the US
A significant advancement in the pursuit of cleaner energy took place recently, as Electricity Generating Plc (Egco), a subsidiary of the state-run Electricity Generating Authority of Thailand, launched a hydrogen program. This new initiative is set in the Linden Cogen thermal cogeneration plant’s 172-megawatt Unit 6, located in the US. The hydrogen fuel blending programme is part of a wider…
-
Thai economy booms as government’s fiscal income beats projections with 122bn baht surplus
The Thai economy demonstrates strong recovery and active imports as the Thai government’s net income during the first two-thirds of fiscal 2023 has surpassed projections by 122 billion baht, revealed Fiscal Policy Office Director-General, Pornchai Thiraveja, 42 years old. Between October 2022 and May 2023, the Thai government raked in a total of 1.64 trillion baht, which is an 8%…
-
Thailand’s real estate sector eyes foreign investment boost
With an eye on boosting the economy, real estate developers and consultants are urging Thailand‘s new government to implement policies that promote foreign investment. They believe such measures will stimulate a more positive environment for overseas buyers in the property market, suggesting promotional efforts to increase awareness among foreign investors. Artitaya Kasemlawan, head of residential sales projects at CBRE Thailand,…
-
AIS urged to retract NBTC lawsuit amidst True-DTAC merger controversy
In an undisclosed revelation from employees within the National Broadcasting and Telecommunications Commission (NBTC), it was indicated that Advanced Info Service (AIS) has been encouraged to retract its lawsuit against last year’s NBTC board resolution, which validated the amalgamation of True-DTAC. This lawsuit could potentially create complications for the commission when deliberating the ongoing acquisition of the fixed broadband service…
-
Drought hits Thailand’s cassava yield, imports to fill shortfall predicted
A projected decrease in Thailand’s yield of cassava and its by-products from 11 million tonnes last year to an estimated 9 million tonnes this year has been attributed to drought conditions. This situation is further compounded by more farmers opting for sugar cane cultivation instead. Ronnarong Phoolpipat, director-general of the Foreign Trade Department, revealed that despite the drought-induced shortfall in…
-
Chinese tourism deterred by tourist scams in Thailand, says ATTA
Fear of being conned by tourist scams poses a bigger concern to prospective Chinese tourists than Thailand’s political ambiguity, advises the Association of Thai Travel Agents (ATTA). Given a sluggish economic recovery on the mainland, the Chinese tourism market could slightly be affected. Calling for tougher safety measures, ATTA’s president, Sisdivachr Cheewarattanaporn, indicated that improving the country’s image and reassurances…
-
Thai tourism-linked businesses experience booming growth amid economic recovery
Amid escalating tourist arrivals and robust economic recovery, Thai tourism-associated enterprises have been reaping lucrative rewards, particularly in the fields of foreign exchange, travel agencies, tour guides, dining establishments, and the accommodation industry. Such industries have experienced impressive growth within the initial five months of this year, as revealed by data garnered through the Business Development Department of the Commerce…
-
Business diversification: Susco Beyond explores EV market amidst fluctuating oil prices
Susco Beyond, an auxiliary affair of Susco Plc, a prominent Thai oil retailer, persists to diversify. While an integral part of their business still revolves around the oil industry, they seek to mitigate the risks associated with fluctuating oil prices through business diversification. To this end, they have turned their attention to non-oil businesses, an example of which includes their…
-
Thai chicken advancement: CPF targets space-grade safety for production
In a bold step indicative of its commitment to product safety, Charoen Pokphand Foods PCL (CPF) has set its sights on the stars. Taking its poultry products to new heights, CPF is joining the “Thai Food Mission to Space” programme. A trailblazing endeavour, this Thai chicken project is spearheaded by CPF in partnership with Nanoracks Llc, a leader in space…
-
Thailand tourism thrives as it ranks second in global travel, Bangkok tops city list
Thailand tourism continues to thrive, as online travel platform Agoda recently revealed that the country holds the title of the second most popular destination for travellers worldwide, with Bangkok topping the list of favourite cities for global travellers. The ranking came from an analysis of booking data collected from January to May of the current year, shared by government spokesman…
-
31 Centara hotels scoop Tripadvisor Travellers’ Choice awards
Centara Hotels & Resorts scooped several top honours in the Tripadvisor Travellers’ Choice awards for 2023, with 31 of their properties being recognised worldwide. These prestigious awards, reserved for establishments consistently achieving excellent traveller reviews over the past year, place Centara’s hotels and resorts within the top 10% of all listings on Tripadvisor globally. This year, two Centara properties received…
-
Delta Electronics cites external factors in share price fluctuations
There’s been a recent development with Delta Electronics (Thailand). The company has informed the Stock Exchange of Thailand (SET) that the company’s recent share price fluctuations are the result of external factors and that its financial fundamentals remain strong. Following a slump of 18.3% on Tuesday, Delta’s shares experienced volatility yesterday, closing up 0.26%. The trading alert on Delta’s shares…
-
Fashion-forward: Jaspal gears up for IPO, set to make a stylish debut on stock exchange
Bangkok-based ready-to-wear fashion company Jaspal is preparing for an initial public offering (IPO) on the Stock Exchange of Thailand (SET) as it seeks funding to further develop its fashion and lifestyle ventures. Jaspal recently submitted a proposal for the listing, offering up to 156 million shares, representing no more than 26% of the firm’s paid-up capital, to the Securities and…
-
Digital platforms in Thailand face new transparency law, affecting over 1,000 major operators
A new law issued by royal decree will come into effect on August 21, aimed at regulating digital platforms in Thailand while promoting transparency and consumer protection, according to Digital Economy and Society Minister Chaiwut Thanakamanusorn. The digital platform service law was was first published in the Royal Gazette on December 23, 2022. Upon implementation, digital platforms looking to conduct…
-
Sustainable financing: Unlocking Thailand’s net-zero pathway challenge
The urgency of tackling climate change and transitioning towards a sustainable future has drawn increased attention to the importance of sustainable financing in recent years. With every investment decision holding the potential to mould the fate of the planet, governments, corporations, and financial institutions are recognising the significance of funding environmentally friendly initiatives. The push for a net-zero carbon economy…
-
Thailand boosts oversight of agriculture imports to tackle smuggling
The Ministry of Commerce in Thailand is ramping up its efforts to strengthen the oversight of agricultural product imports in an attempt to tackle smuggling in the country. The Internal Trade Department’s deputy director-general, Chakra Yodmani, noted that his agency has instituted measures to control the flow of 10 different crops, including paddy and milled rice, government stockpiled rice, fresh…
-
Thai SEC urged to tackle Stark’s negative shareholder equity, boost investor trust
Finance Minister Arkhom Termpittayapaisith urged the Securities and Exchange Commission (SEC) to address Stark Corporation’s negative shareholder equity issue to safeguard investors’ interests and bolster confidence in the market. Arkhom held discussions with the SEC’s secretary-general about the stock issue and encouraged the regulator to utilise available tools to boost investor trust in the market. He said… “It is crucial…
-
TBN shares surge 144% on MAI debut, SET issues cautionary note
The Market for Alternative Investment (MAI) saw the debut of TBN Corporation shares on Monday, leading the Stock Exchange of Thailand (SET) to issue a cautionary note to investors in light of high trading speculation. Yesterday morning, TBN shares experienced a trading turnover ratio of 85%, reaching 41.5 baht by midday. The 144% increase was up from the initial public…
-
Delta Electronics shares plunge 20%, triggering 1% drop in Thai Stock Exchange
Delta Electronics saw its shares plummet by approximately 20% recently, negatively impacting the Stock Exchange of Thailand (SET) after the implementation of market surveillance measures due to irregular price increases. Analysts from Krungsri Capital Securities (KCS) and Maybank Securities identified the primary cause of the 1% drop in the SET index as Delta’s share price decline, as the electronics parts…
-
Luxury market boost: Siam Piwat doubles space at Siam Paragon amid soaring demand
Rapid growth in demand for luxury items during the pandemic has led Siam Piwat to enlarge the sales space allocated to luxury goods at Siam Paragon, doubling it in size. According to Mayuree Chaipromprasith, the president of corporate affairs and communications at Siam Piwat, the pandemic restrictions fuelled a significant increase in the appetite for the luxury market. The average…
-
Rice export surge: Thailand fast-tracks new varieties to boost global market share
Thailand is making significant strides in boosting its export competitiveness by fast-tracking the development of new rice varieties to meet global market demand, with plans to introduce 30 new varieties in the coming year. Following the “new rice variety contest for Commerce” event, Commerce Minister Jurin Laksanawisit discussed Thailand’s efforts to combat the lack of diversity in its product offerings…
-
SASE survey reveals security incidents doubled in Thailand amid remote work shift
A recent SASE survey reveals that Thailand has seen at least double the number of security incidents in 2021 compared to the previous year, primarily due to the rise in hybrid working environments. The study, commissioned by Fortinet, highlights the challenges faced by businesses in securing the ‘branch-office-of-one’ setup amid the shift to remote work. Rashish Pandey, vice president of…
-
Election uncertainty affects Thai tourism, domestic spending slows down
As the Election Commission validates candidates for MP-elect roles this week, tourism operators express concern about a slowdown in domestic spending. Travellers appear to be delaying their plans, whilst local businesses hesitate to reinvest until a government is established. “There will still be a vacuum period until the government is formed,” said Sanga Ruangwattanakul, president of the Khao San Road…
-
Economic slowdown, drought risk to hinder Thai economy in H2
The prospect of a domestic economic slowdown in the latter half of the year has been raised due to multiple factors, including potential drought, political uncertainties, and a slow global economy, according to the Employers’ Confederation of Thai Trade and Industry (EconThai). EconThai’s vice-chairman, Tanit Sorat, highlighted that the global economy is predicted to experience growth of less than 2.1%…
-
PSP Specialties plans IPO on Thai stock exchange for growth boost
Thailand’s leading lubricant producer, PSP Specialties Plc, is preparing for an initial public offering (IPO) to boost its business growth. The company plans to offer 350 million shares, approximately 25% of its total shares, on the Stock Exchange of Thailand. The price per share is yet to be determined, with a roadshow in the works to promote the company. CGS…
-
Chinese tourism boost: TAT aims for 5 million visitors despite real estate woes
Despite concerns surrounding China’s current real estate market downturn, the Tourism Authority of Thailand (TAT) remains optimistic about its prospects of attracting 5 million tourists from the Asian country in 2021. As travellers continue to save for overseas trips during the ongoing pandemic, TAT governor Yuthasak Supasorn anticipates Chinese tourism will see a surge, with Chinese tourists will be eager…
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.