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 12Go introduces Japan Rail Passes to enhance travel accessibility for international travellers
For those who have travelled throughout Thailand, 12Go is a well-known provider of various trips, though the platform itself has a much wider reach. Ranging from buses to planes, 12Go is undoubtedly a leading booking platform for travel throughout the...
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Thai farmers urged to go bananas for ripe returns
The Government of Thailand is urging beleaguered Thai farmers to pivot to bananas from rice as a strategy to bolster their earnings amidst plummeting rice prices. Commerce Minister Pichai Naripthaphan dropped the fruity bombshell while addressing People’s Party MP Narongdech Ularnkul’s concerns about rice price stabilisation. “A rice oversupply is crushing prices, and bananas could be the alternative farmers need.…
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BTS Thailand outlines key leadership succession planning strategies
BTS Thailand recently hosted the event Honoring Henrik Ekelund: Leadership, Legacy, and Succession Planning. As part of BTS GROUP AB, a global consultancy headquartered in Stockholm, Sweden, BTS Thailand specialises in leadership development and business transformation through experiential learning and simulations. The event brought together C-suite, top executives, various industry leaders, and experts to share insights on the future of…
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Lufthansa sets sights on Thailand as expansion takes off
The Lufthansa Group is focusing on expanding its operations in Asia and Thailand, while also diversifying into non-airline businesses. Carsten Spohr, chief executive of the group, highlighted that Thailand is not just a tourism hub but also a lucrative business destination. The demand for cargo from Thailand is rising, and the Asia-Pacific region is the fastest-growing market for maintenance, repair,…
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Thai interest rate cuts to ease loan load amid economic slowdown
In a move that promises relief for borrowers across Thailand, six leading commercial banks and a clutch of state-owned counterparts have slashed lending rates following the Bank of Thailand’s recent policy rate cut. This adjustment is designed to alleviate the financial strain as the economy slows down. Domestic systemically important banks (D-SIBs) are joining forces to trim loan interest rates…
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Trading places: Thai export boom hides ticking trade bomb
Amidst the cheers of soaring export numbers, the Thai National Shippers’ Council (TNSC) fired a warning shot, urging Thailand to shift its focus towards resolving trade imbalances on a country-by-country basis. TNSC chairman Chaichan Charoensuk warned that the ongoing trade war resembles a ticking time bomb for exporters, with an explosion expected in the second quarter. The council predicts a…
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DHL delivers electrifying future for Thailand: Charges up EV plans
In a daring move set to shake up the logistics scene, renowned global courier DHL has unveiled its ambitious Strategy 2030 for Thailand with a zesty focus on the booming electric vehicle (EV) sector, spare parts service, and cross-border e-commerce. The master plan is poised to transform Thailand into a pivotal regional hub amidst the swirling challenges of global trade,…
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Bangkok condo illegally rented daily, reveals weak law enforcement
Residents and the Bangkok Metropolitan Administration (BMA) have raised concerns over a condominium in Sukhumvit 11, developed by a company listed on the Stock Exchange of Thailand (SET), where half of the 450 units are allegedly rented out daily through online platforms, highlighting weak law enforcement in Thailand. A foreign resident and unit owner at the condominium disclosed that more…
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Thai exporters urge government to speed up US trade talks
The private sector has called on the government to expedite trade negotiations with US President Donald Trump and to incorporate private sector input into these discussions. The Thai National Shippers’ Council (TNSC) highlighted concerns that delays could adversely impact exports. Chaichan Charoensuk, the TNSC chairman, noted the lack of significant progress in preparing for potential US-imposed measures aimed at reducing…
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Boom to bust: Chinese investment in Thai property hits rock bottom
Once a beacon of opportunity, Thailand’s vibrant condo market for Chinese investors is now dimming, as economic clouds gather over China’s middle class. Stephen Yao, a former Chinese investments broker in Bangkok, and Pattaya, has seen his formerly bustling schedule dwindle. In 2017 and 2018, he made a staggering 32 trips from China’s Guangdong province to Thailand. But recent years…
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Thailand tightens foreign business laws to curb nominee practices
Thailand has several laws regulating the entry and activities of foreigners, as detailed by Auramon Supthaweethum, Director General of the Department of Business Development (DBD). The Immigration Law permits temporary residence, and the Alien Employment Act allows temporary employment, subject to permits and exceptions for banned occupations. The Foreign Business Act of 1999 restricts certain businesses to protect Thai interests,…
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Thai shippers warn of slow govt response to Trump’s trade policies
The Thai National Shippers’ Council (TNSC) has raised concerns over the government’s sluggish response to potential trade penalties under the policy of U.S. President Donald Trump, warning that delays could result in heavy tariffs on Thai exports. TNSC Chairman Chaichan Charoensuk stated that the government has made little progress in preparing for the so-called Trump 2.0 trade measures. Trump previously…
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Thailand sees record 1.13 trillion baht foreign investment boost
Prime Minister Paetongtarn Shinawatra expressed optimism about Thailand’s economic prospects, highlighting significant foreign investment, which reached over 1.13 trillion baht last year, the highest in a decade. In a monthly Empowering Thais TV segment aired by the National Broadcasting Services of Thailand, the premier shares her optimism in regards to economic trajectory, despite last year’s 2.5% growth. “We will work…
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Cable crackdown: Thailand bridges gap on cybercrime
In a campaign to cut off cybercriminals at their source, Thailand’s top telecom regulator is joining forces with the Department of Highways to tackle illegal cross-border cable networks lurking near national bridges. In a bid to sever the sinister circuits exploited by cybercriminals, the National Broadcasting and Telecommunications Commission (NBTC) is tying knots with the Department of Highways to clamp…
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Thai Airways reports huge loss but promises strong comeback
Thai Airways International has assured stakeholders that its massive loss for fiscal year 2024 is due to a one-off debt-to-equity conversion and will not hinder its operational performance or planned exit from its rehabilitation programme. The airline reported a staggering loss of 26.901 billion baht, primarily caused by a one-time accounting loss of 45.271 billion baht from the debt-to-equity conversion completed…
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Thai car market hits speed bump, FTI urges govt to drive recovery
The Federation of Thai Industries (FTI) is urging a turbocharged response from the government to rev up the nation’s sputtering car market. Demand for motors has hit a roadblock, with a particular skid in pickup truck sales. According to January’s numbers, it’s been a bumpy ride, causing manufacturers to slam the brakes on production by more than 200,000 units over…
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No dice: Thai casino entry plan unlikely to get Cabinet approval
A new proposal by the Council of State for Thai nationals to enter casinos is unlikely to receive Cabinet approval, according to Interior Minister Anutin Charnvirakul. The proposal requires Thais to maintain a minimum of 50 million baht in fixed deposit accounts for six months before accessing a casino entertainment complex. Anutin, who also serves as a Deputy Prime Minister…
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Cheers: Thailand’s booze rules shake-up promises economic tonic
In a move that could pop the cork on a 100-billion-baht economic boom, Thailand is considering scrapping its afternoon booze sales ban: a measure that could turn holidaymakers’ frowns upside down and get tills ringing right across the Land of Smiles. Industry leaders are raising a glass to the potential windfall, with the promise that lifting these restrictions could lure…
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Thai-ing the knot: Thailand pushes for free trade deal with gulf nations
Thailand is advancing negotiations on a free trade agreement with Gulf countries to boost trade, tourism, and investment. Nalinee Taveesin, the chair of Thai Trade Representatives, described the Gulf countries as Thailand’s most significant market in the Middle East, with trade between the two regions reaching approximately US$36 billion last year. Non-oil and natural gas trade saw nearly a 10%…
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NCSA watchdog warns delivery firms after major data breach
Thailand’s National Cyber Security Agency (NCSA) sounded the alarm for logistics firms, urging them to step up customer data protection after a cyberattack exposed a major security flaw in one operator’s system. The warning comes as the Personal Data Protection Commission launches an investigation into the breach. Air Vice Marshal Amorn Chomchoey, Secretary General of the NCSA, stressed that delivery…
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Thailand’s economic growth hits a snag but hope remains
Thailand’s financial fortunes took a slight dip as the latest economic figures failed to meet the lofty heights analysts had anticipated. Official data reveals a respectable 3.2% growth in the last quarter of 2024 compared to the previous year, which, while promising, didn’t quite hit the 3.9% growth mark predicted by a Reuters poll of analysts. The National Economic and…
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EC Markets renews strategic partnership with world’s leading snooker player Judd Trump
EC Markets, a globally renowned multi-regulated CFD trading firm, is proud to announce the renewal of its exclusive FX partnership with Judd Trump, the preeminent figure in the world of snooker. This strategic collaboration underscores EC Markets’ steadfast commitment to excellence, innovation, and global expansion, aligning its brand with one of the most celebrated and influential athletes in contemporary sports.…
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Trump’s ‘Gold Card’ visa: A potential game-changer?
United States President Donald Trump has always sparked debate, and his recent proposal of a “gold card” visa is no different. This plan aims to create a new pathway to U.S. citizenship. The heart of the proposal is a $5 million investment in exchange for a visa, which could potentially change the landscape of U.S. immigration. The gold card visa…
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Challenges and innovations in Thailand’s education sector
Imagine sitting in a classroom where you’re expected to memorise entire textbooks, word for word. No critical thinking, no creativity—just pure repetition. Even if it sounds boring and frustrating! But you will be shocked when I tell you that that’s been the reality for many Thai students for years. But here’s the twist: education in Thailand is undergoing a major…
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Most watched sports in Thailand
While Thailand may be best known for the likes of its rich cultural heritage, stunning views, and warm hospitality, it also has a thriving sports scene. There is a deep passion for traditional sports, such as Muay Thai, but there is increasing interest in international sports which are now gaining a strong following. Sports fans are now watching, and engaging,…
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AirAsia soars to new heights with record passenger growth in 2024
AirAsia is flying high after recording a surge in passenger numbers throughout 2024, as the budget airline group expanded its fleet to meet booming travel demand. The carrier welcomed over 63 million passengers last year, an 11% increase from 2023, while its load factor climbed to 89%. The final quarter of 2024 was particularly strong, with 16.2 million passengers flying…
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Baht to the future: Thailand exports ready for Trump change
The Export-Import Bank of Thailand is bullish about the country’s export growth this year, buoyed by ripple effects from US President Donald Trump’s trade policies. According to Exim Bank President Rak Vorrakitpokatorn, several global regions, including the EU, South Asia, and Southeast Asia, are ramping up imports in anticipation of Trump’s next moves, especially with uncertainty looming over US imports…
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Nok Air turbulence: Pilot lawsuit leaves airline flying on fumes
Nok Air has come out swinging against allegations that it forced junior pilots to pay for their training as a prerequisite for employment, denying any involvement amidst a high-flying lawsuit. The airline finds itself in hot water after Teerawat Angkasakulkiat, President of the Thai Pilots Association, revealed that 13 pilots have taken legal action against the carrier. Back in 2018,…
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Thailand hotel room rates soar by 15% amid travel demand surge
Hotel room rates in Thailand increased by an average of 15% from 2023, as reported by SiteMinder, an e-commerce platform assisting hotels with direct and third-party bookings. This growth distinguishes Thailand as the only country with double-digit expansion. The Hotel Booking Trends report from SiteMinder, which analysed over 125 million reservations, indicates that the average daily rate (ADR) in Thailand…
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Fuelling the future: PTT Oil shifts gears for a brighter 2025
PTT Oil and Retail Plc (OR) is revving up for a sunnier financial forecast this year, aiming to bounce back after last year’s revenue slip. The secret sauce? A Thailand infused with tourism and investment buzz, according to OR chief Peekthong Thongyai. Thanks to a tourism surge, Thailand’s economic prospects are looking rosier than ever. Back in 2019, the country…
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Full steam ahead: SRT fast-tracks freight boost to cut costs
In a bid to slash transport costs for import and export businesses, the State Railway of Thailand (SRT) is all set to turbocharge freight services between Laem Chabang Port in Chon Buri and Bangkok. SRT Governor Veeris Ammarapala and his team, yesterday, February 12, descended on the deep-sea port and the Inland Container Depot (ICD) in Bangkok’s Lat Krabang district,…
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