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 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...
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Thailand eyes 100,000-tonne rice boom at global convention
Thailand is actively promoting its unique and high-quality rice varieties, with expectations that the Thailand Rice Convention will result in orders for 100,000 tonnes and generate revenue exceeding 2 billion baht. During the 10th Thailand Rice Convention 2025 held in Bangkok yesterday, May 26, Commerce Minister Pichai Naripthaphan emphasised the government’s dedication to advancing Thailand’s rice sector. The Ministry of…
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Thailand’s Visa payments slow despite higher visitor spending
Visa Thailand is experiencing slower growth in Visa card payments by inbound tourists, correlating with stagnant foreign tourist arrivals. Despite this, there has been an increase in spending per visitor, attributed to “higher quality travellers,” according to the card company. During April and May, foreign tourist spending in Thailand using Visa cards increased by 10% year-on-year. This is a decrease…
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TAT and AIS launch travel campaign to boost domestic tourism
The Tourism Authority of Thailand (TAT) has collaborated with Advanced Info Service (AIS) to introduce the Sukjai Travel Thailand – Aunjai Everywhere campaign to invigorate domestic tourism this year. The campaign focuses on showcasing both prominent cities and emerging travel destinations, beginning with an event on Banthat Thong Road in Bangkok, offering tourists an array of culinary delights and exclusive…
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TrueCorp outage chaos: Free data and calls offered
TrueCorp sparked nationwide chaos yesterday morning when mobile and Internet services suddenly crashed, leaving thousands of customers disconnected. The telecom giant has since apologised and promised compensation for those affected by the unexpected disruption. “Various services, including voice and data, are now returning to full capacity across all areas nationwide,” TrueCorp announced yesterday afternoon, May 22, trying to reassure frustrated…
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PTT to cut costs amid US tariffs and oil price drop
National oil and gas company PTT Plc is preparing to tackle US tariffs and a decline in global oil prices by cutting costs and enhancing operational efficiency to improve profitability. The company is also facing challenges in the petrochemical and oil refining sectors. PTT’s strategy includes three initiatives: Axis to reduce spending, D1 to foster asset synergy within the PTT…
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‘Little Moscow’ boom: Russians fuel Phuket property frenzy
Phuket’s luxury property scene is getting a flashy new address—“Little Moscow.” Tucked in the serene north of the island, Nai Thon Beach is rapidly transforming into Thailand’s next ultra-luxe real estate hotspot, fuelled by foreign money, especially from Russian buyers escaping war and winter. The sleepy seaside village, nestled within Sirinat National Park and just minutes from Phuket International Airport, is…
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Thailand’s Pride Celebration 2025 boosts rainbow tourism economy
Central Pattana Plc (CPN), part of Central Group and operator of Central shopping centres, is reinforcing its dedication to diversity and equality with the launch of Thailand’s Pride Celebration 2025: Pride For All. Nattakit Tangpoonsinthana, CPN’s chief marketing officer, highlighted that the campaign celebrates Pride Month as a recognition of human rights and a strategic element for economic expansion. Thailand’s…
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Robinhood takes over as Foodpanda bows out of Thailand
Thailand’s food delivery game just got a major shake-up — and it’s Robinhood taking the wheel. Yesterday, May 20, Thai-born delivery platform Robinhood announced a strategic redirection agreement with Foodpanda Thailand, as the international giant prepares to exit the country after 13 years of operations. The move, effective immediately, allows Foodpanda customers, restaurant partners, and delivery riders to transition smoothly…
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Krungsri delays new credit lines amid US tariff uncertainty
Companies are delaying the utilisation of new credit lines due to waiting for further clarification on US tariffs following the recent announcement of a 90-day suspension period, as reported by a Bank of Ayudhya (Krungsri) executive. Prakob Phiencharoen, who leads Krungsri’s corporate and investment banking group, stated that the bank is maintaining vigilance over corporate loan demand for the rest…
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Top Thai vending brand to blend fresh fruit smoothies
Forth Vending Co Ltd, which operates Tao Bin smart beverage vending machines, intends to procure fresh fruit directly from farmers to enhance its smoothie and juice range. Wittayakorn Maneenetr, Director General of the Department of Internal Trade (DIT), expressed that the department is advancing the government’s fruit management strategy for the 2025 harvest season. To stabilise fruit prices and boost…
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Thailand plans e-commerce laws to curb foreign dominance
A Senate committee is set to propose guidelines in the draft of the Platform Economy Act to tackle the dominance of foreign companies in Thailand’s e-commerce sector. Eakchai Ruangrat, the first Vice-Chairman of the Senate committee on commerce and industry, stated that this initiative aims to restore the country’s digital sovereignty. He made these comments during a recent e-commerce seminar.…
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Thai Airways’ comeback plan takes flight
Following a comprehensive business rehabilitation, Thai Airways International (THAI) has launched its Fly for the New Pride campaign, as it anticipates resuming trading on the Stock Exchange of Thailand (SET). The airline now operates with reduced debt and new revenue streams. Celebrating its 65th anniversary, the airline has lowered its liabilities from approximately 400 billion baht to around 80 billion…
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How to turn raw footage into engaging content in minutes
Creating great videos doesn’t have to take hours or expensive software. If you’ve ever recorded a video and felt stuck with too much raw footage, don’t worry. With a few smart tools and simple steps, you can turn that raw video into fun, eye-catching content in just minutes. Whether you’re a beginner or already make content, this guide will show…
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Thai state banks urged to bolster export businesses amid US tariffs
State-owned financial institutions are encouraged to implement measures to aid export businesses and the supply chain. During a policy briefing yesterday, May 15, Finance Minister Pichai Chunhavajira highlighted the impact of US reciprocal tariffs, predicting a two-year challenge for domestic businesses, particularly those involved in exports. Pichai urged these financial institutions to expedite the introduction of support measures, especially for…
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Thailand’s tourist trade rocked by tariff-ic blow
Thailand’s tourist trade is feeling the heat, not from the sun, but from a chilly global economy and punishing US tariffs that are sending shockwaves all the way to Bangkok’s hotel lobbies. Thailand’s hotel sector is bracing for a rough ride as fewer foreign visitors and shrinking wallets threaten to slash spending, spark price wars and pile pressure on operators,…
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True grit: New boss vows comeback cash in 100-day dash
True Corporation chief Sigve Brekke has hit the ground running, setting out a bold 100-day plan packed with promises of profit, digital dominance, and even a long-overdue payout to shareholders. Brekke, who took the reins as group chief executive in March, is banking on data, discipline and dividends to spark a revival at the telecom titan, following its blockbuster merger…
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Truce or just a tariff tease? Trump and Xi hit pause on trade war
The bitter trade war between the United States and China that rattled global markets is getting a breather — but don’t pop the champagne just yet. The US and China have agreed to suspend punishing tariffs on each other’s goods for 90 days, starting Wednesday, after a tense round of high-stakes talks in Geneva over the weekend. The temporary truce…
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China slump no drag-on for Phuket, says property tycoon
Fears that China’s economic slowdown could batter Thailand’s tourist trade have been brushed aside by a luxury property boss, who insists Phuket is still booming thanks to big spenders from elsewhere. Phuket’s posh property scene is still sizzling despite fewer Chinese tourists hitting the island and one property mogul reckons it’s all just a blip. Allan Zeman, chairman of the…
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Thailand Post ends talks with Chinese firm over joint venture
Thailand Post, a state-run logistics enterprise, has terminated year-long negotiations with a Chinese logistics firm over a joint venture that failed to deliver anticipated benefits. The discussions aimed to boost Thailand Post’s logistics volume between the two markets, influenced by the prevalence of Chinese products in the local e-commerce sector. Thailand Post President Dhanant Subhadrabandhu stated that the joint venture…
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Thailand and Bangladesh to advance free trade agreement talks
Previously, on May 8, Thai Commerce Minister Pichai Naripthaphan met Bangladeshi Ambassador Fayaz Murshid Kazi to discuss advancing free trade agreement (FTA) negotiations between the two nations. Following a joint declaration of intent, senior officials will engage in online discussions to outline expectations and scope, aiming to formally initiate negotiations this year. Thailand has expressed its support for Bangladesh, the…
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Thai stock market rebounds despite US tariffs and global volatility
Last month, the Stock Exchange of Thailand (SET) experienced volatility during the long holiday period. Before the Songkran festival, the SET was significantly impacted by US President Donald Trump’s tariff announcements, reaching a low of 1,056.41 points early in the month. The tariff news affected global stock markets; however, the gold price rose to over US$3,300 (approximately 113,190 baht) per…
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White Lotus filming fails to boost southern Thailand hotel tourism
Hotels in southern Thailand have yet to see any significant impact from the filming of The White Lotus HBO series in the country. The global economy’s volatility and safety concerns have influenced potential tourists’ decisions. Bill Barnett, managing director of C9 Hotelworks, a hospitality consultancy in Phuket, reported that despite the popularity of White Lotus Season 3, which aired on…
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Thailand’s solar rooftop market to see growth amid falling prices
The solar rooftop market in Thailand is poised for increased competition, driven by decreasing prices, a rise in supply from manufacturers, and government initiatives to promote renewable energy. EnergyLIB, a solar energy solutions provider, has introduced a solar system for townhouses, while a consortium including German cable manufacturer Lapp Holding Asia, Hong Kong-based industrial conglomerate Jebsen and Jessen Group, and…
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Thailand boosts fruit distribution to counter declining prices
The Thai Commerce Ministry is tackling the issue of declining fruit prices by accelerating the distribution of 950,000 tonnes of produce both within Thailand and abroad. Commerce Minister Pichai Naripthaphan stated that the ministry is collaborating with various organisations to manage the surplus of fruit through measures encompassing production, marketing, export, processing, and trade facilitation. The aim is to distribute…
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BoT tipped to slice interest rates as inflation and exports wobble
Thailand’s top money men are sharpening their scissors, with experts betting the Bank of Thailand (BoT) will slash interest rates at least twice more this year to prop up the faltering economy, rocked by a US trade war and dwindling tourist numbers. In a shock twist, April saw the consumer price index (CPI) shrink by 0.22%, the first drop in…
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Inflation tops concerns as Thai citizens urge government action
Consumer price inflation has emerged as the foremost concern among citizens, according to a survey by the National Statistical Office. The poll, which included families with members aged over 18, revealed a strong demand for government action on rising consumer costs as the Paetongtarn Shinawatra administration approached its six-month mark on March 12. Government spokesperson Jirayu Houngsub reported that 86%…
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Thailand to ease foreign business rules, boosting investment appeal
The Commerce Ministry intends to streamline business registration by excluding 10 service businesses from List 3 of the Foreign Business Act. This move aims to boost investment within the nation. Auramon Supthaweethum, the Director-General of the Department of Business Development (DBD), indicated that the ministry evaluated the service businesses on List 3 to adapt to evolving economic conditions. List 3…
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Thailand hotel prices soar, low season sparks price war fears
Room rates experienced a significant rise during the recent tourism High Season, drawing criticism from travellers who perceived Thai hotels as more costly than those in neighbouring countries. As the low season now takes hold, some hoteliers express concerns over potential price wars due to reduced arrivals. Thienprasit Chaiyapatranun, the president of the Thai Hotels Association (THA), reported that the…
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US tariffs force Thailand to cut growth forecast to 2.1%
The Ministry of Finance has revised its forecast for Thailand’s economic growth this year to 2.1%, down from the previous 3%, citing the impact of US tariffs and a global economic slowdown on Southeast Asia’s second-largest economy. Pornchai Thiraveja, director-general of the Fiscal Policy Office, indicated that if the US imposes a 10% tariff on Thai imports instead of the…
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Tales in textures: fabricating stories through AI patterns
Not everything is expressed through words. Some are communicated in interlaced threads, inscribed on radiating lines, or spewed like gold scales across the horizon. Now that AI is venturing into the realm of pattern-making, we no longer confine ourselves to terrestrial patterns. Desire flowing carpets that echo celestial tempests? Or dragon-scale wallpaper that changes according to light? Dreamina’s AI image…
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