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 Limited-time deal: Save 20% on Cigna's expat health plans forever
Starting a new life abroad is exciting—new culture, new lifestyle, and new chances to grow. But living far from home also means taking steps to protect your health in unfamiliar surroundings. Without the right coverage, even small health issues can...
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Thai and mighty: Thailand’s soft power shines in Shanghai
Commerce Minister Pichai Naripthaphan led a star-studded delegation to the bustling 7th China International Import Expo (CIIE), held from November 4-6 at Shanghai’s grand National Exhibition and Convention Centre. Thailand took centre stage, flaunting its rich soft power in a bold bid to dazzle the international crowd. Opening triumphantly, Pichai inaugurated the Thailand Pavilion to elevate the nation’s global image…
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Thailand biofuel subsidy ends in 2027, costs to rise for farmers
Thailand’s Energy Ministry is set to introduce measures to mitigate the effects of the impending cessation of biofuel price subsidies in 2027. With the expiration of these subsidies, the cost of biofuels is anticipated to rise, impacting palm and sugar cane growers who supply raw materials for biofuel production. Farmers sell their crops to factories that produce two types of…
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What can a foreigner own in Thailand?
Ranked as the 6th most expat-friendly country globally, Thailand offers a welcoming environment for international citizens, though some legal restrictions do apply. While Thai law places certain limitations on foreign ownership and investment, these regulations vary depending on the type of asset or business venture you’re interested in. Whether you’re an expat looking to invest in Thailand or planning to…
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Thailand targets 8 million European tourists to boost long-haul numbers
Thailand aims to attract eight million European tourists next year as part of a strategy to boost the number of long-haul visitors to a record 11 million, the Tourism and Sports Ministry announced. This move follows plans to collaborate with airlines and foreign ambassadors to ensure a full resumption of international flights. Tourism and Sports Minister Sorawong Thienthong emphasised the…
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TBA to the rescue: Thai bankers roll out debt relief plan
The Thai Bankers’ Association (TBA) is set to roll out a major debt restructuring programme to provide much-needed relief to the country’s household debt crisis. The scheme, expected to span three years, will focus on borrowers with a staggering 1.4 trillion baht in debt, covering everything from mortgages to auto loans and small business borrowings. In a bold move to…
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Thailand enforces stricter regulations on illegal factories
Thailand’s Industry Ministry is intensifying efforts to enforce stricter regulations on substandard products that falsely claim to meet Thai Industrial Standards Institute (TISI) standards. Industry Minister Akanat Promphan announced the initiative following a Cabinet meeting, emphasising the need for collaboration with modern trade stores to conduct random product inspections. “To enforce measures to control substandard products, we are seeking cooperation…
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Thailand’s public debt remains sustainable at 64% of GDP
The recent Cabinet meeting focused on the nation’s public debt status, revealing it remains well within sustainable limits. Public debt as of August reached 11.7 trillion baht, accounting for 64% of the country’s GDP, comfortably below the 70% benchmark for fiscal sustainability. Government spokesperson Jirayu Houngsub detailed during the meeting that the Finance Ministry adhered strictly to the public debt…
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LNG prices stable in 2025, easing Thailand’s power tariff adjustments
Liquefied natural gas (LNG) prices are projected to remain stable in early 2025, alleviating some of the pressure on Thai officials as they prepare to calculate a new power tariff for electricity bills from January to April next year. According to the Electricity Generating Authority of Thailand (EGAT), this stability in LNG pricing will influence the upcoming adjustment of the…
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Thailand to launch 130 billion baht sustainability-linked bonds for 2025
The Public Debt Management Office (PDMO) is gearing up to introduce a sustainability-linked bond (SLB) valued at 130 billion baht for the fiscal year 2025. This move aligns with the country’s commitment to reducing carbon emissions and promoting the use of electric vehicles (EVs). An initial release of bonds worth 20 to 30 billion baht (US$588 to 882 million) is…
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Thailand to ‘China’ its brand with bold e-commerce marketing
Expanding Thai products into the Chinese market relies heavily on creating a distinct corporate identity, testing products among Chinese consumers, and leveraging online marketing channels. According to the Thai E-Commerce Association, tapping into e-marketplaces is essential for Thai exporters aiming to establish a foothold in China. The association highlights the importance of live commerce and suggests setting up a cross-border…
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Thai Airways reshuffle: Finance Ministry calls for new managers
Thailand’s Finance Ministry is set to shake up Thai Airways International Plc (THAI)‘s rehabilitation plan, nominating two high-profile officials to join the team managing the troubled national airline’s comeback. In a bid to secure its position as THAI’s primary creditor, the ministry will propose these candidates at a crucial meeting with debtors on Friday, November 8. The nominees, Polchak Nimwatana,…
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Thailand seeks Japanese investment in high-tech sectors
Thailand’s Commerce Minister Pichai Naripthaphan met with Japanese business leaders on November 1 to encourage increased investment in advanced technology sectors, aiming to restore Japan’s position as Thailand’s primary foreign investor. In his first meeting since taking office, Pichai held discussions with Keita Ishii, president of the Japan Chamber of Commerce and Industry (JCCI), alongside executives from major Japanese firms…
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Commerce ministry urges halt on soyabean oil price hikes
The Commerce Ministry issued a call to edible oil processors, urging them not to increase retail prices, citing no rise in production costs. This follows reports indicating that soyabean oil producers are considering raising the price of bottled soyabean oil. Goranij Nonejuie, Internal Trade Department Deputy Director-General, announced that the department has formally requested the Soyabean and Rice Bran Oil…
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Thai ESG fund rockets to top spot with impressive returns
One Equity Thailand ESG Fund (ONE-THAIESG) is stealing the spotlight in the Thai ESG fund scene, boasting a whopping 8.53% return this year, as proudly announced by One Asset Management (ONEAM). What’s behind this stellar performance? A one-two punch of a policy rate cut by the US Federal Reserve and Thailand’s very own economic comeback. TESG funds are the latest…
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Auto boom: Thailand revving up as global car parts powerhouse
Thailand is racing ahead in the fast lane of auto parts manufacturing in the Asia-Pacific region, speeding towards becoming a crucial export hub for Germany’s esteemed Schaeffler Group. Spotlighting both traditional internal combustion engines (ICE) and the rapidly accelerating electric vehicle (EV) industry, Schaeffler is gearing up for an automotive revolution. Micah Shepard, Schaeffler’s head honcho for vehicle lifetime solutions…
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Poll position: US election could rattle global markets, says ASPS
Asia Plus Securities (ASPS) is urging investors to pay close attention to the forthcoming US election, predicting it is set to send shockwaves through global markets. With expectations of heightened volatility, ASPS has delivered a stern warning: it’s time to back stocks boasting low volatility and stellar third-quarter performances for 2024. Insider tips from ASPS suggest the starched-collar bigwigs at…
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5 surprising ways Internet of Behaviour impacts daily life and choices of Thais
It’s strange, almost unsettling, how an online ad seems to read your mind. It knows you’ve been eyeing those Onitsuka Tiger sneakers, popular among Bangkok’s fashionistas, even though you’ve barely mentioned it. That, right there, is the IoB at work—the Internet of Behaviours. Picture IoT (Internet of Things), but more invasive. While the IoT connects physical gadgets, like smart lights…
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Turning up the Thai-mometer: Thailand and Russia in heated talks for free trade pact
Thailand is turning up the heat on trade negotiations with Russia, as both nations look to seal a dynamic free trade agreement with the Eurasian Economic Union (EAEU). Recent high-stakes discussions at the Commerce Ministry between Thailand’s Commerce Minister, Pichai Naripthaphan, and Russian Deputy Minister of Agriculture, Sergey Levin, underscored a shared ambition to boost trade and investment. The spotlight…
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Thailand embraces AI to lead global economy by 2030
Thailand is rapidly embracing artificial intelligence (AI) technology across public and private sectors, aligning with global technological advancements. This movement was highlighted during a seminar, where experts emphasised the importance of an AI-ready workforce to propel Thailand into the forefront of the AI-driven global economy by 2030. Scheduled as a significant milestone, 2030 is anticipated to witness a global economic…
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GDP on the up: Thailand’s economy gears up for 2.7% ‘Thai’ to growth
Thailand’s Finance Ministry is projecting GDP growth of 2.7% for the current year, with expectations to reach 3% in 2025. The Fiscal Policy Office (FPO) announced that while fiscal measures have been maximally employed to bolster the economy, further support from monetary policy is essential for achieving higher growth rates. During the ministry’s economic briefing, Pornchai Thiraveja, FPO Director-General, reaffirmed…
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