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 to reduce out-of-pocket medical expenses in Thailand?
Managing medical expenses in Thailand is important as healthcare costs continue to rise. The country’s healthcare system includes both public and private options, but even with the Universal Coverage Scheme (UCS) for citizens, many still face high out-of-pocket medical expenses....
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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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Baht out of luck: Thai currency slips as greenback flexes muscle
The Thai baht is wobbling once again, with currency watchers bracing for a further slide this week as the mighty US dollar gathers steam following a temporary pause in the US-China tariff war. Analysts say the baht could weaken to as low as 33.80 per dollar in the coming days, as uncertainty lingers despite a fleeting boost in global market…
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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 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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Thailand and Australia boost trade ties amid new vehicle standards
Thailand and Australia are working to enhance sustainable and stable regional trade, aiming to boost the value of automotive exports and maintain Thailand’s status as Australia’s leading exporter of pickup trucks. Commerce Minister Pichai Naripthaphan discussed these objectives after meeting with Australian Ambassador Angela Macdonald at her Bangkok residence on May 7. A significant topic addressed was Australia’s New Vehicle…
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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 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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Bitcoin tipped to smash US$100k as crypto bulls charge ahead
Bitcoin is gearing up for a six-figure breakout, with crypto watchers boldly predicting the world’s biggest digital coin could hit a jaw-dropping US$100,000, even as the US central bank holds fire on interest rate cuts. Despite the Federal Open Market Committee (FOMC) likely keeping rates steady this week, optimism is soaring among investors, thanks to heavyweight institutions snapping up spot…
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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 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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Thailand mulls motorcycle cut amid China slowdown, US tariff fears
The Federation of Thai Industries (FTI) is contemplating a reduction in Thailand’s motorcycle manufacturing target, despite an increase in production in the first quarter of this year. The decision arises from a sluggish domestic economy, decreased foreign tourist arrivals, especially from China, and uncertainties linked to US President Donald Trump’s tariffs. Surapong Paisitpatanapong, vice-chairman of the FTI and spokesperson for…
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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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Trumped up trouble puts brakes on Thailand’s car industry
Thailand’s car industry is veering off course, with annual production now expected to skid below target thanks to Washington’s punishing tariffs and a domestic market bogged down by debt and rejected loans. Thailand’s automotive engine is spluttering, with the Federation of Thai Industries (FTI) warning that this year’s car production is set to fall short of its 1.5 million-unit goal,…
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Phuket Airport soars as Russians jet in while China jets off
Phuket Airport is flying high despite a sharp drop in Chinese tourists, with Russian and Turkish travellers stepping in to keep the island’s tourism industry cruising toward a record-breaking 18 million passengers this year. Phuket International Airport is on course to welcome a whopping 18 million passengers in 2025, even as the number of Chinese arrivals nosedives, according to airport…
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Rate expectations: BoT tipped to slash interest rates
Thailand’s top bankers are bracing for a financial shake-up, with the central bank set to cut interest rates this week as economic headwinds from abroad leave growth floundering. The Bank of Thailand (BoT) is widely expected to trim its key policy rate by 0.25 percentage points tomorrow, April 30, as the kingdom battles a growing storm of economic setbacks. Kasikorn…
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What are the advantages of buying Instagram followers?
Instagram has had a big effect on people’s lives worldwide. It is a social network where people share photos and videos, but it is also a powerful tool for building and promoting businesses. Many people buy followers to try to get more friends quickly. This method can work, and it also has some advantages. Why Is It So Hard To…
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US targets Thai exports for strict origin checks amid trade concerns
The United States has identified 50 to 60 Thai products for stringent origin verification to prevent circumvention of trade regulations through false origin claims for exports to the US, as stated by Finance Minister Pichai Chunhavajira. He noted that the US is focusing on the issuance of certificates of origin (C/O) to prevent misuse of trade privileges granted to Thailand,…
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How Thailand data centre investment improves tech infrastructure in the country
A well-matured and properly maintained data centre operation helps support and improve Thailand’s tech infrastructure, but this can only be achieved with the right kind of continued investment. With that said, let’s dive straight in and take a closer look at how continued investment in data centres in Thailand improves the country’s tech infrastructure. What are data centres, and why…
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Thai Airways partners with KMC to convert Boeing 777-300ERs
Thai Airways has signed a Memorandum of Inderstanding (MOU) with Kansas Modification Center, LLC (KMC) to establish a joint venture for converting Boeing 777-300ER passenger aircraft into freighters. The agreement, signed yesterday, April 25, by Thai Airways CEO Chai Eamsiri and KMC CEO James Allen Gibbs at Thai Airways’ headquarters on Vibhavadi Rangsit Road, marks a significant milestone for both…
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Talk not tariffs: ASEAN plays it cool as trade war heats up
As Washington rattles the tariff sabre, ASEAN isn’t taking the bait, instead doubling down on diplomacy and pledging to keep trade ties intact with the US, its second-biggest partner. ASEAN has made it crystal clear: it’s sticking with multilateralism and won’t retaliate against US tariff hikes. That’s the message from Commerce Minister Pichai Naripthaphan after a special virtual summit of…
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Political hurdles threaten Thailand’s casino legislation
Thailand’s bold proposal to legalise integrated casino resorts is facing growing resistance from both political circles and the public. The Entertainment Complex Bill, which aims to establish five destination resorts across key tourist hubs, has been delayed due to internal disagreements within the ruling coalition and protests from opposition parties. If the bill passes, many Thai players would be able…
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Thailand’s war on cyber fraud gets a major upgrade
Thailand is beefing up its fight against online scams in a big way — and it’s coming for the fraudsters faster than ever. The Ministry of Digital Economy and Society (DES) is set to transform its Anti-Online Scam Operation Centre into a fully-fledged department, following the implementation of a powerful new emergency decree that came into effect on April 13.…
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Chinese tourists favour Vietnam over Thailand amid rising costs
Thailand has fallen behind Vietnam as the most-visited Southeast Asian destination for Chinese tourists in the first quarter. The Association of Thai Travel Agents (ATTA) subsequently urged the government to lower travel costs, which are currently 30% higher than Vietnam’s, and enhance Thailand’s appeal with new attractions. The Tourism and Sports Ministry recorded 1.3 million Chinese visitors to Thailand during…
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Commerce Ministry targets foreign nominees in 6 sectors
The Commerce Ministry has updated its nominee inspection strategy, focusing on six high-risk sectors. Auramon Supthaweethum, Director General of the Department of Business Development (DBD), stated that the agency is intensifying investigations into businesses suspected of using Thai nationals as nominees to conceal foreign ownership. This initiative aims to address the issue of foreign-operated nominee businesses that affect investor confidence…
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Miss Universe strips Thai beauty pageant of title after controversy
Thailand’s beauty pageant scene has been rocked by a shocking decision from the Miss Universe Organisation, which has officially stripped Suchata “Opal” Chuangsri of her third runner-up title following her participation in the Miss World Thailand event. The controversy began when Opal appeared at a business announcement for the Miss World 2025 competition, violating her contract by participating in another…
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Foodpanda to bow out of Thailand next month
Foodpanda announced it will cease operations in Thailand, with the delivery giant confirming that its services will end on May 23. The shocking decision marks the end of an era for the popular food delivery platform, which has served millions of Thai customers since its launch. In a statement released today, April 23, via their official fan page, Foodpanda Thailand…
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