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 How one hospital visit in Thailand could cost more than your whole trip
Thailand is a favourite spot for travellers who want to enjoy more while spending less. From cheap street food to low-cost hotels and fun attractions, it’s easy to stretch your budget here. But there’s one thing many people don’t think...
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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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Hippo hooray: Moo Deng ‘charges’ up Chon Buri’s tourism boom
Chon Buri province is experiencing a significant boost in tourism revenue, largely due to the popularity of a baby pygmy hippo named Moo Deng. This charming young hippo, only four months old, has become a major attraction at the Khao Kheow Open Zoo. Governor Thawatchai Srithong announced that Chon Buri’s tourism-related revenue reached 27 billion baht (US$777 million) from July…
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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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Thai businesses urged to monitor US trade policy under Trump
The Thai Wholesale and Retail Trade Association advises local businesses to closely watch global trade dynamics and the international economy in light of Donald Trump’s recent return to the White House. This call to attention comes amid concerns about potential shifts in US trade policy that could have far-reaching impacts. Somchai Pornrattanacharoen, serving as an honorary advisor to the association,…
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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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Thailand implements 8.36 billion baht plan to stabilise rice prices
The National Rice Policy and Management Committee has introduced three strategic measures to stabilise rice prices amidst concerns of potential oversupply during the harvest season. By maintaining a balance between demand and supply, these initiatives aim to prevent a price drop in this year’s rice crop. Commerce Minister Pichai Naripthaphan announced that the first measure entails an 8.36 billion baht…
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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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Thailand to register unregistered hotels in response to EU carbon rules
The Tourism and Sports Ministry is set to register unregistered hotels within a year, responding to the forthcoming EU Carbon Border Adjustment Mechanism (CBAM), which introduces strict environmental regulations. CBAM, starting in 2026, will impose carbon pricing on imports, impacting Thailand’s tourism sector if service providers fail to meet standards. Efforts are underway to host a global-scale trade show, such…
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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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Thailand leads ASEAN in gold demand growth amid record prices
Thailand continues to lead the ASEAN region in consumer gold demand growth, as reported by the World Gold Council (WGC). In the third quarter of 2024, Thailand’s gold demand surged by 11% year-on-year, reaching 14.5 tonnes, marking its second consecutive quarter of robust growth. Globally, gold demand remained strong, increasing by 5% from a year earlier to 1,313 tonnes. This…
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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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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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Thai Drinks launches 100m baht campaign to boost local tourism
Thai Drinks Co Ltd, the producer of Crystal Drinking Water, announced a partnership with the Tourism Authority of Thailand (TAT) to launch a significant marketing initiative aimed at boosting domestic tourism. With an investment of 100 million baht, the campaign seeks to engage consumers by linking the consumption of Crystal water to the exploration of Thailand’s natural beauty. From October…
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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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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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Bitcoin set for record high amid US election and rate cuts
Bitcoin is poised for a potential surge to a new record high this month, driven by expectations of further US policy rate cuts and a potential victory by Donald Trump in the US presidential election, according to insights from Merkle Capital, a digital asset fund manager. Last month, Bitcoin reached US$73,600, marking an increase of over 25% compared to 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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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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Bank of Thailand board chair decision delayed amid controversy
The selection process for a new board chairman at the Bank of Thailand (BoT) has been delayed yet again, as the independent committee overseeing the choice opted to postpone its decision for another week. They indicated the necessity of more time to fully consider the information presented. This marks the second delay in the decision-making process, following an earlier postponement…
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