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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How to turn raw footage into engaging content in minutes
Creating great videos doesn’t have to take hours or expensive software. If you’ve ever recorded a video and felt stuck with too much raw footage, don’t worry. With a few smart tools and simple steps, you can turn that raw video into fun, eye-catching content in just minutes. Whether you’re a beginner or already make content, this guide will show…
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Thai state banks urged to bolster export businesses amid US tariffs
State-owned financial institutions are encouraged to implement measures to aid export businesses and the supply chain. During a policy briefing yesterday, May 15, Finance Minister Pichai Chunhavajira highlighted the impact of US reciprocal tariffs, predicting a two-year challenge for domestic businesses, particularly those involved in exports. Pichai urged these financial institutions to expedite the introduction of support measures, especially for…
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Thailand’s tourist trade rocked by tariff-ic blow
Thailand’s tourist trade is feeling the heat, not from the sun, but from a chilly global economy and punishing US tariffs that are sending shockwaves all the way to Bangkok’s hotel lobbies. Thailand’s hotel sector is bracing for a rough ride as fewer foreign visitors and shrinking wallets threaten to slash spending, spark price wars and pile pressure on operators,…
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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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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 Post ends talks with Chinese firm over joint venture
Thailand Post, a state-run logistics enterprise, has terminated year-long negotiations with a Chinese logistics firm over a joint venture that failed to deliver anticipated benefits. The discussions aimed to boost Thailand Post’s logistics volume between the two markets, influenced by the prevalence of Chinese products in the local e-commerce sector. Thailand Post President Dhanant Subhadrabandhu stated that the joint venture…
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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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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’s solar rooftop market to see growth amid falling prices
The solar rooftop market in Thailand is poised for increased competition, driven by decreasing prices, a rise in supply from manufacturers, and government initiatives to promote renewable energy. EnergyLIB, a solar energy solutions provider, has introduced a solar system for townhouses, while a consortium including German cable manufacturer Lapp Holding Asia, Hong Kong-based industrial conglomerate Jebsen and Jessen Group, and…
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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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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 to ease foreign business rules, boosting investment appeal
The Commerce Ministry intends to streamline business registration by excluding 10 service businesses from List 3 of the Foreign Business Act. This move aims to boost investment within the nation. Auramon Supthaweethum, the Director-General of the Department of Business Development (DBD), indicated that the ministry evaluated the service businesses on List 3 to adapt to evolving economic conditions. List 3…
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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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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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Late shift on Thailand’s stock market clock as SET goes global
Thailand’s stock market is pulling a night shift, with extended hours letting investors chase Wall Street and European giants well into the wee hours, starting May 6. The Stock Exchange of Thailand (SET) is throwing open its doors around the clock for global investment, with new trading hours for depositary receipts (DRs) linked to US and European securities launching this…
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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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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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Thailand plans new economic zones up north
Prime Minister Paetongtarn Shinawatra is anticipated to consider a proposal to establish new economic zones in the north and northeast of Thailand, aiming to bolster regional economies distant from the heavily promoted Eastern Economic Corridor (EEC). The initiative was proposed by a House of Representatives extraordinary committee following a study of special economic development zones in these regions. Tachaphol Kanjanakul,…
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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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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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Thai and mighty: Exports soar to 3-year high despite tariff troubles
Thai exports are firing on all cylinders, with shipments rocketing to their highest level in three years, defying fears over punishing US tariffs and giving the economy a hefty shot in the arm. Thai exports surged for the ninth straight month in March, jumping 17.8% year-on-year to a record-breaking US$29.5 billion, or around 1 trillion baht, according to the Commerce Ministry.…
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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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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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