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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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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South Korean tourists outnumber Chinese in Chiang Mai amid direct flights boost
The South Korean market may surpass the Chinese in terms of tourist arrivals in Chiang Mai this year, attributed to the increase in direct flights and favourable winter weather, as reported by the Tourism Authority of Thailand (TAT). Patsalin Swetarat, director of TAT’s Chiang Mai office, noted that a decline in safety confidence among Chinese travellers has somewhat affected tourism…
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New Hotel Act targets 500 unlicensed Thai hotels
The Tourism and Sports Ministry is set to propose a new Hotel Act specifically for small and medium-sized hotels, with the aim of registering over 500 unlicensed accommodations that currently cannot participate in the existing system. Tourism Vice-Minister Jakkaphon Tangsutthitham reported that more than 90,000 small and medium-sized accommodations in Thailand do not qualify as hotel businesses under the current…
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Google to build new cloud data centre in Chon Buri
Google is set to enhance its footprint in Thailand by constructing a new cloud data centre in Chon Buri, announced Google’s president and chief investment officer, Ruth Porat. Porat engaged with Prime Minister Paetongtarn Shinawatra during the World Economic Forum (WEF) in Davos on Wednesday, January 22. The Google executive expressed gratitude towards the Thai government for its support in…
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Thailand mandates biometric SIM registration to combat fraud
The board of the National Broadcasting and Telecommunications Commission (NBTC) has provisionally approved a draft for a new SIM card registration system, incorporating biometric data collection from mobile users. The proposed system mandates all mobile operators to implement liveness detection biometric technology for SIM card registrations. This move aligns with recent political calls for stricter measures to combat prevalent online…
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US and Thai stocks rise as Trump delays tariff hikes
Global and Thai stock markets experienced a short-term rebound following US President Donald Trump’s decision not to immediately increase import tariffs. Analysts have advised investors to remain vigilant regarding potential policy changes, as current conditions are unpredictable. On January 20, the price of West Texas Intermediate (WTI) crude oil declined after Trump announced plans to sign an executive order declaring…
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Thailand tops as dream destination for Southeast Asian travellers
Thailand has emerged as the top dream destination for Southeast Asian travellers, as revealed by Grab’s SEA Travel Insights 2024 report. Chantsuda Thananitayaudom, senior director of commercial and marketing at Grab Thailand, highlighted the importance of Southeast Asian tourists to Thailand’s tourism industry. In 2024, Thailand welcomed over 10.6 million travellers from Southeast Asia, representing 30% of its international arrivals.…
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MK Group goes MongKol: Thai hotpot chain’s CNY rebrand
In a sizzling marketing twist, Thailand’s leading Suki restaurant chain, MK Group, embraces the cultural phenomenon of “muketing” by rebranding four Bangkok branches to “MongKol” restaurants just in time for Chinese New Year. Muketing, a fusion of marketing and the Thai term mutelu (beliefs and superstitions), integrates lucky symbols, colours, and auspicious timings into business strategies. MK Group’s new MongKol branding,…
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Three million Thai elderly to receive 10,000 baht cash handout
Approximately three million elderly people are set to receive 10,000 baht (US$293) each as part of the second phase of the government’s cash handout initiative, according to Deputy Finance Minister Paopoom Rojanasakul. Paopoom indicated that a recent review identified 3.04 million elderly people 60 years old and over as eligible for the scheme. However, it is estimated that around 20,000…
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Trumping expectations: Bitcoin set to soar under US president
Bitcoin’s price is set to soar during the first three months of Donald Trump’s presidency, while a groundbreaking crypto sandbox in Phuket promises to double Thailand’s digital adoption rate of 12%, according to Binance’s Thai division, the world’s leading cryptocurrency exchange. Ahead of Trump’s swearing-in as the 47th president of the United States, bitcoin reached a staggering new peak at…
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Thailand bets big on casino boom under entertainment banner
In a daring move set to shake up the Land of Smiles, the Government of Thailand is pushing forward with a controversial plan to legalise casinos, sneakily packaged as entertainment complexes. This bold move comes hot on the heels of outspoken former premier Thaksin Shinawatra’s call to legalise online gambling, promising a windfall of tax revenue. Now, the Digital Economy…
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PTT Plc shifts gears: Oil giant explores new horizons
PTT Plc, Thailand’s oil and gas giant, is re-evaluating its tactics in the logistics sector, contemplating a shift away from its traditional petroleum roots. The national conglomerate is investigating fresh investment avenues in non-oil sectors, aiming to revamp its business footprint in the rapidly advancing world of logistics. Leading the charge is Chaya Chandavasu, PTT Senior Executive Vice-President for Corporate…
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Red light: Thailand’s car industry caught in hybrid dilemma
Thailand’s car production industry, a powerhouse of the national economy, stands at a pivotal red light crossroads. The decision now looms large: should the focus be on propelling battery electric vehicles (BEVs) into the spotlight, or should there be a concerted effort to guide the internal combustion engine (ICE) sector through a transitional phase towards electric vehicles (EVs)? With the…
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Majority ineligible for Thailand’s debt relief programme
A significant number of borrowers have registered for the You Fight, We Help debt relief programme one month after its launch. However, a substantial portion of these applicants do not meet the eligibility criteria, as noted by banking officials. Kris Chantanotoke, Chief Executive of Siam Commercial Bank (SCB), highlighted that some registrants do not qualify for the programme. Consequently, the…
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Thai rice exporter says policy changes are grain-ing momentum
A seasoned Thai rice exporter expressed support for upcoming changes in rice trade policy, anticipated to be enacted later this month, though he highlighted that small businesses still encounter significant obstacles in entering international markets. After the first meeting of the Operational Committee under the 1946 Rice Trading Act (Session 1/2025), Commerce Minister Pichai Naripthaphan announced that the committee had…
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Tech-savvy traveler: gadgets that will enhance your next Thailand trip
Thailand has it all: stunning beaches, vibrant cities, and a rich culture. But getting around isn’t always easy, especially if it’s your first time. The right gadgets make the journey more comfortable, so you can enjoy the trip without hassle. Here are some tech essentials worth packing. Travel-Friendly Smart Devices Your phone and a few good apps can make getting…
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Finding the best brokers in Thailand: key features to check
To invest in Thailand’s financial markets, choosing an ideal broker for a problem-free and successful trading session is a necessity. For both new and experienced investors, a reliable broker with certain specific features can make a significant contribution in your trading session. To make a smart selection, follow these important features to choose among the best brokers in Thailand. 1.…
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Rising sun eclipses Thailand: Japan now No.1 for Chinese tourists
Japan has dethroned Thailand as the top destination for Chinese tourists in a stunning reversal of fortunes. A remarkable surge in visitors last year sent Thailand scrambling to refocus its tourism strategy across other Asian markets. According to the Japan National Tourism Organisation, Japan welcomed a whopping 6.98 million Chinese tourists in 2024, a staggering 188% increase. Meanwhile, Thailand’s Tourism…
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Thailand banks on foreign investment to power economic surge
Bangkok Bank remains bullish on a surge in foreign direct investment (FDI) into Thailand, anticipating it will turbocharge the nation’s economy in the coming years despite global uncertainties. At the 2025 ASEAN Business Forum helmed by the bank last Thursday, Bangkok Bank President Chartsiri Sophonpanich unveiled striking figures: Thailand’s investment applications soared by 35% in 2024, hitting a decade peak…
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Power play: Thailand set to slash electricity bills with tariff tweak
In a shock move that could see electricity bills slashed, the Energy Regulatory Commission (ERC) is eyeing a reduction in the power tariff by 0.17 baht per kilowatt-hour. This welcome change hinges on the government trimming its budget for renewable energy promotion. At present, the power tariff stands at 4.15 baht per unit, with a chunk earmarked for renewable energy…
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Trump card for bitcoin: 2025’s super cycle sparks crypto buzz
Crypto analysts are buzzing with excitement at the prospect of a bitcoin “super cycle” in 2025, as Donald Trump‘s return to the US Presidency brings a pro-crypto windfall. His administration’s staunch support for Bitcoin is injecting new life into the market, with enthusiasts riding high on optimism. Bitcoin recently dipped from its late-2024 peak amid profit-taking and cautious interest rate…
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Retail therapy: Tops looks for Lunar New Year discounts, tourists
Central Food Retail Co., (CFR), the powerhouse behind Tops grocery stores, is banking on a flurry of government stimulus and a tourism boom to set tills ringing as the Lunar New Year approaches. Chakkit Chatupanyachotikul, the marketing maestro at CFR, is upbeat about the impact of the government’s Easy E-receipt tax deduction scheme, a nifty initiative running from January 16…
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Driving Thailand’s economy into the high-tech fast lane
In a bid to supercharge Thailand’s sputtering economy, Industry Minister Akanat Promphan is rallying the manufacturing sector to shift gears and embrace high-tech innovation. With aspirations to increase GDP growth by 1% annually, Akanat is touting cutting-edge products as the next big play, given the triple threat of tech disruptions, geopolitical spats, and looming climate change. Since the pandemic, Thailand’s…
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Thai-ing up rates: BoT bosses feel heat over 2% cap warning
Bank of Thailand (BoT) bosses are under fire after warnings from the top brass at the National Economic and Social Development Council that their key policy rate should not breach the 2% mark. BoT chief advisor Supavud Saichuea insisted keeping the lid on interest rates is crucial, given the country’s inflation target and sluggish GDP growth. Speaking at a high-profile…
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Thailand’s nuclear power plan delayed amid policy uncertainties
Thailand is preparing for the integration of nuclear power technology but the implementation of the new power development plan (PDP) for small modular reactors (SMRs) is experiencing delays. The PDP, effective from 2024 to 2037, has yet to be enforced, involving collaboration between the Energy Regulatory Commission and the Office of Atoms for Peace on nuclear power and electricity management. SMRs,…
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Chinese tourists cancel Thailand trips amid safety concerns
Hotels and airlines are experiencing widespread cancellations from Chinese tour groups ahead of the Chinese New Year holiday, with independent tourist bookings also slowing due to safety concerns in Thailand. Eason Chan, a singer and actor from Hong Kong, cancelled a planned concert in Thailand last week, citing safety concerns for Chinese fans visiting the country. Additionally, Hong Kong’s Security…
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Thailand bets on man-made marvels for tourism cash boost
According to insiders at Krungthai Compass, man-made hotspots, from sports hubs to spectacular events, are set to propel Thailand to the brink of a tourism revolution thanks to a bold new strategy. Thailand is banking on an artificial allure to supercharge its tourism engine, with Krungthai Compass, a top research centre under Krungthai Bank, revealing that new, man-made tourist attractions…
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Noodle no more: Ramen shops fold under rising costs (video)
In an unprecedented wave of financial distress, a record number of ramen noodle eateries in Japan went belly up in 2024, unable to stomach the soaring ingredient and utility costs without raising their own prices. Research firm Teikoku Databank Ltd has revealed that insolvencies with liabilities of at least 10 million yen (approximately 2.2 million baht) surged by more than…
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Taxing tunes: Music giant pitches cut to boost Thailand’s soft power
Thailand’s largest music company made a bold appeal to the government for a corporate tax reduction in the entertainment sector, arguing it could supercharge the industry and bolster the nation’s soft power ambitions. GMM Music Plc CEO Phawit Chitrakorn paints a picture of an industry that thrives on slim profit margins, clocking in at a modest average of 10%. Phawit…
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Fuel for thought: Thailand sees shift in consumer petrol gears
Thailand’s engines are revving as fuel consumption takes a notable 2% leap, in line with the country’s economic growth, which is pegged at a healthy 2.6% to 2.7% for 2024. The Department of Energy Business reveals that from January to November, Thais guzzled an average of 155 million litres of fuel daily. Turning heads in the petrol station queue is…
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Casino kingpins eye Thailand: Melco’s big gamble on Bangkok
Macau gambling giant Melco Resorts & Entertainment is rolling the dice on Thailand, as they devise plans to dive headfirst into the country’s booming tourism scene and cultural tapestry. With whispers of legalised gambling on the horizon, this move could be a jackpot for the casino giants. At the helm, Lawrence Ho, Melco Chairman and CEO, is singing the praises…
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