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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Is private health insurance in Thailand worth it? Real costs vs risks explained
Thailand has a strong healthcare system with both public and private options. Public hospitals offer affordable care, but many people, including expats, choose private health insurance for faster service, modern facilities, and more treatment choices. To decide if private health...
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India’s growth to boost Southeast Asia’s aviation market
India’s significant economic expansion is anticipated to bolster Southeast Asia’s aviation market, including Thailand’s aviation sector, as noted by the Indian airline IndiGo, which intends to introduce its new business class seating to Bangkok and Phuket. IndiGo Chief Executive Pieter Elbers highlighted that whenever new Southeast Asian destinations are launched or route capacities increased, there is a notable surge in…
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China’s durian craze drives Thailand’s tech farming boom
Most people either adore it or gag at the smell, but durian — the spiky “king of fruits” that “tastes like heaven and smells like hell” — is winning over Chinese consumers in record numbers. Thailand, the world’s top durian exporter, is racing to modernise production as demand from China soars. Chinese agricultural experts are now working alongside Thai farmers…
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Thailand plans AI legislation to boost adoption and governance
Thailand is drafting legislation to establish an artificial intelligence (AI) ecosystem and broaden AI adoption. The Electronic Transactions Development Agency (ETDA) concluded an online public hearing on the draft, intending to present it to the Cabinet by the end of July. The development of Thailand’s AI regulatory framework has been grounded in soft laws and guidelines. Sak Segkhoonthod, senior advisor…
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Thailand’s 36% US tariff at risk: Will minister secure a deal?
Thailand is on the edge of a crucial trade deadline with the US, and the stakes couldn’t be higher. Finance Minister Pichai Chunhavajira announced today that he will be heading to the US next week for urgent trade negotiations. With Thailand facing a 36% tariff on its exports unless a deal is struck, time is running out for the kingdom to…
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Chinese investment boosts amulet trade in Bangkok’s Pantip Plaza
The amulet business in Bangkok’s Pantip Plaza is booming, with foreign investors, especially from China, driving the trade of Thai Buddhist amulets and sacred objects. The market, once dominated by Thai collectors, has transformed into a major hub for Chinese investors, who have set up shop in the mall to cater to their fellow countrymen. Despite a slight downturn in…
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Thailand shopping giant hits CRC button on spending spree
Thailand retail heavyweight Central Retail Corporation (CRC) is splashing out up to 47 billion baht in a three-year spree of store openings, renovations and regional rollouts, even as spending on the high street looks shakier than a Black Friday bargain bin. CRC, listed on the Stock Exchange of Thailand (SET), unveiled a sweeping investment plan of 45–47 billion baht between…
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Rev it up: Tax breaks drive Thai pickup market into high gear
Thailand’s struggling pickup market is getting a turbo boost from a government scheme that lets drivers swap their clapped-out motors for shiny new rides, with tax breaks thrown in to sweeten the deal. The Federation of Thai Industries (FTI) is banking on a state-backed trade-in scheme to kickstart domestic pickup sales, which have taken a sharp nosedive this year. Sales…
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Totes tragic: Luxury handbag hire scene left holding the purse
Thailand’s luxury handbag hire scene has lost its sparkle, thanks to tighter wallets, fewer holidays and a growing trend for subtle spending over flashy splurges. Siam Borrow Bag Co Ltd, once riding high on the rise of rented luxury, is now facing a serious slump. Founder and owner Chadasa Panomyant says the high-end accessory rental business has struggled to bounce…
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Bourse of concern: Thai stocks tumble after US strike on Iran
A United States military strike on Iran* has sent shockwaves through global markets, with Thailand’s stock exchange plunging to post-pandemic lows, prompting emergency stabilisation measures to stop the slide. The Stock Exchange of Thailand (SET) went into crisis mode yesterday, June 23, after fears of an escalating Middle East conflict caused oil prices to surge and Thai stocks to slump 1.3%,…
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Cambodian tourist numbers to Thailand drop 48% due to closures
Cambodian tourist numbers visiting Thailand have significantly decreased by 48% this month due to border closures, impacting a market already experiencing a slowdown since the previous year. Despite this, Thai AirAsia has reported a strong load factor on flights from Bangkok to Cambodia. Thapanee Kiatphaibool, governor of the Tourism Authority of Thailand (TAT), stated that Cambodian arrivals in the first…
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Everything you need to know about MetaTrader 4 (MT4)
Getting into trading can feel a bit confusing at first. A lot is going on, and it’s easy to feel lost. But one thing that really helps is using a platform that makes everything easier to manage. MetaTrader 4 (MT4) is one of those platforms that traders keep coming back to. It’s been around for years, and there’s a reason…
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EconThai warns against dissolving House amid political unrest
The Employers’ Confederation of Thai Trade and Industry (EconThai) has advised against dissolving the House of Representatives to tackle the weakened political stability in the wake of a leaked phone call between Prime Minister Paetongtarn Shinawatra and Hun Sen, former Cambodian prime minister. Tanit Sorat, vice-chairperson of EconThai, expressed concern about the potential political vacuum that could result from dissolving…
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Thai political instability threatens economy amid US tariff concerns
Political instability between Thailand’s ruling Pheu Thai Party and its coalition partner, the Bhumjaithai Party, is expected to further weaken investor confidence. This comes amid threats of a 36% US tariff on Thai exports. Poonyawat Sreesing, a senior economist at Siam Commercial Bank’s Economic Intelligence Centre (SCB EIC), highlighted that the Thai economy has been enduring political uncertainty for some…
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King Power seeks duty-free contract renegotiation after setbacks
Thailand’s leading duty-free giant King Power is in talks with Airports of Thailand (AOT) to renegotiate its contracts across five major airports, after claiming external factors severely impacted business performance. The duty-free giant, known for its extensive presence in airports across the country, raised concerns about an increasingly challenging market and the financial burden of maintaining its original commitments. In response, King Power is…
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Thailand SEC cracks down on margin loan misuse
The Securities and Exchange Commission (SEC) will initiate a second round of public hearings regarding tighter regulations on margin loans. This comes amid concerns that certain brokerages have allowed margin credit to be utilised for non-investment purposes. Surasak Ritthongpitak, the Assistant Secretary General of the SEC, indicated that forthcoming regulatory amendments will likely prevent securities firms from granting margin loans…
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Bank of Thailand to name new governor amid challenges
The Bank of Thailand (BoT) is set to appoint a new governor as Sethaput Suthiwartnarueput will conclude his term on September 30. The selection process is crucial, as the new governor will navigate Thailand’s economic challenges and influence monetary policy and financial stability. Applications for the position closed on June 4, with seven candidates in the running. The candidates are:…
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Koh Larn registers 158 businesses in accommodation crackdown
To clean up Koh Larn’s rapidly expanding accommodation sector, Bang Lamung District Chief Patcharapat Srithanyanon announced the successful registration of unlicensed guesthouses and rentals on the popular tourist island. The crackdown, which aims to bring unregulated businesses into compliance, promises to improve transparency and foster sustainable development in the region. “Koh Larn has become a major destination for both Thai…
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Thai government backs new AI law to boost investment
The government has expressed readiness to endorse the current draft of principles for the artificial intelligence (AI) law, aiming to ensure uniform regulations for AI developers and service providers. The principles are designed to foster rather than deter investment. These principles address safety standards for AI systems, data management for AI development, and risk levels concerning personal data. Wisit Wisitsora-at,…
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Major disruptions as Krungthai, GSB, SCB announce maintenance
Millions of customers across Thailand are bracing for significant service interruptions as three of the country’s biggest banks – Krungthai, Government Savings Bank (GSB), and Siam Commercial Bank (SCB) – prepare for extensive system maintenance. The planned outages will affect online banking, ATMs, mobile applications, and payment services, leaving many customers scrambling to complete transactions ahead of the disruptions. Krungthai…
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‘Pre-bed purchase’ trend takes over Thailand’s shopping habits
Forget late-night snacks – in Thailand, the hottest thing at 9pm is a shopping spree. Thai consumers are increasingly embracing a unique habit: the “pre-bed purchase,” where online shopping peaks just before bedtime. This shift is transforming the retail landscape, with health and beauty products consistently topping wish lists across all demographics. The trend, driven by a desire for relaxation…
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Thai-Cambodia border tensions rattle SET index
Tensions at the Thailand-Cambodia border have unsettled investors, with the Stock Exchange of Thailand (SET) index declining by 4.8% since May 15. Krungsri Capital Securities (KCS) reported that cross-border commerce disruptions and shaken confidence in sectors linked to Cambodia, such as beverages, food, cinemas, and hospitality, are contributing factors. Carabao Group, which generates 10% of its sales from Cambodia, and…
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Hotel boss eyes Thai tourism slump as golden opportunity
Thailand’s tourism sector may be cooling off, but one hotel boss is turning up the heat — and he’s betting big on local travellers. Despite a slowdown in international arrivals, Koko Global Hospitality (Thailand) Co Ltd (KGH), the operator behind the Kokotel hotel chain, is expanding its footprint across the region. The company’s chief executive, Rei Matsuda, believes the current…
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Thai Smile shuts down after a decade of losses
After over a decade of struggling with continuous financial losses, Thai Airways International (THAI) has officially dissolved its wholly owned subsidiary, Thai Smile Airways. The decision marks the end of the budget airline’s operations, bringing a turbulent chapter to a close. The dissolution was officially announced to the Stock Exchange of Thailand (SET) on June 5, following a resolution passed…
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Thailand sukiyaki price war heats up as restaurants slash prices
Sukiyaki restaurants are slashing their prices in a fierce battle to attract customers, as tighter budgets and the sluggish economy continue to affect consumer spending. However, while the price war promises short-term gains, its long-term impact on sales and brand perception remains uncertain. Leading the charge are MK Restaurants and Suki Teenoi, two major players in the local sukiyaki scene.…
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Thai-Cambodian border checkpoint closures risk trade disruption
The Ministry of Commerce has assessed the impact of the closure of Thai-Cambodian border trade checkpoints, effective from yesterday, June 8. The closure has affected small businesses and markets, prompting discussions with the private sector to address the situation. Last year, Aranyaprathet in Sa Kaeo province accounted for 63.4% of trade, valued at 110.718 billion baht (US$3.39 billion). Khlong Yai…
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Thai EV sales rise 46% but face industry challenges
The recent increase in electric vehicle (EV) sales in Thailand, marked by a 46% rise in battery EVs (BEVs) from January to April, does not necessarily indicate a smooth trajectory for the industry. Despite this growth, challenges persist, including heightened competition among manufacturers and a downturn in the automotive sector. The Automotive Industry Club of the Federation of Thai Industries…
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Golden GI banana boom brings millions to Chaiyaphum farmers
The Office of Agricultural Economics Region 5 has highlighted the success of the golden banana export initiative in Nong Bua Daeng, Chaiyaphum province. This venture generates over 36 million baht annually for local farmers by producing golden bananas with geographical indication (GI) certification for the international market. Chaisak Wuttisak, director of the Office of Agricultural Economics Region 5 in Nakhon…
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Thailand urged to cut interest rates amid economic challenges
Thailand needs to adopt a more assertive approach in reducing interest rates due to its challenging growth outlook and low inflation, according to Somprawin Manprasert, a candidate for the position of Bank of Thailand (BoT)’s new governor. The benchmark interest rate, currently set at 1.75%, could be reduced by 75 to 100 basis points, Somprawin stated during an interview in Bangkok.…
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Banthat Thong’s food scene fights back despite tourist drop
Bangkok’s beloved Banthat Thong Road is facing a food fight of its own, with dwindling tourist numbers, high prices, and cautious diners taking a bite out of business. But the Thai Restaurant Association insists the area’s culinary star hasn’t lost its shine. “Banthat Thong still has tremendous potential,” said Thai Restaurant Association President Chanon Koetcharoen. “It remains a top destination…
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Class act! Posh parents splash out as international schools boom
Thailand’s international school sector is booming and it’s the well-heeled who are fuelling the fire. With tuition at top-tier institutions topping a whopping 1.1 million baht a year, it’s clear that wealthy families, corporate high-flyers, and expat professionals are queuing up for a classroom seat with a global edge. Auramon Supthaweethum, head of the Department of Business Development (DBD), named international…
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