Business News
Stay abreast of the ever-changing Business News in Thailand through our comprehensive coverage of local and international business events, market trends, and economic updates. We provide reliable analysis, in-depth features, and expert insights on the most relevant business stories, including issues affecting Thailand’s stock market, foreign investment, and entrepreneurship. Track the business world’s pulse as we inform you of crucial developments shaping Thailand’s economic landscape.
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Top 10 international schools in Thailand 2024
Thanks to its large global population, Thailand is home to a significant number of international schools. These schools offer a range of world-class curricula, such as the International Baccalaureate (IB), British, American, and Singapore curriculum, which attracts both expatriate families...
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German and French firms eye Thailand’s booming electric vehicle sector
A surge of interest in Thailand’s budding electric vehicle (EV) industry has been noted among businesses from France and Germany. The Thailand Board of Investment (BoI) revealed this interest following an investment promotion roadshow in these European nations. The BoI’s Deputy Secretary-General, Wirat Tatsaringkansakul, suggested a particularly keen receptiveness from French and German investors. These potential investors are reportedly looking…
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US Ambassador celebrates first shipment of Thai pomelos to America
US Ambassador to Thailand Robert Godec had an opportunity to engage with Thai and foreign media today, where he expressed his delight at the first-ever shipment of Thai pomelos reaching the United States. This is a milestone that comes 190 years into the diplomatic ties between the two countries. The first export lot of the popular citrus fruits was dispatched…
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Economic disparity in Thailand widens, agricultural sector hit hardest
The age-old struggle with economic disparity continues to cast a shadow on Thailand’s society as inequality widens, particularly in the agricultural sector, which sees roughly 6% to 8% of its populace remaining below the poverty line. According to a recent study by the Trade Policy and Strategy Office (TPSO), this disparity has been fuelled by multiple factors, including the move…
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Fitch ratings reveal Thailand’s economic recovery to boost corporate earnings in 2023
Recovery of the domestic economy and alleviation of inflationary pressures are set to bolster the performance of corporations in Thailand this year, suggest analysts from Fitch Ratings during the 2023 Thailand Corporate Credit Outlook & Asean ESG conference, held recently in Bangkok. Corporates at Fitch Ratings (Thailand)’s Lertchai Kochareonrattanakul, a senior director, indicated in his talk that a boost in…
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Buying a franchise Vs buying a business: The benefits and drawbacks of each option
Are you considering starting your own business? Do you have the motivation and desire to be an entrepreneur but are unsure of which route to take? Buying a franchise or buying a business are two popular options for aspiring entrepreneurs. Both have their own set of benefits and drawbacks. In this article, we’ll explore the benefits and drawbacks of each…
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Hotel Act concerns addressed by Thai Hotels Association due to government’s registration rules
The Thai Hotels Association (THA) has taken a positive step by welcoming the Ministry of Interior’s new regulations. These rules will now classify smaller accommodations that were operating before 2016 as hotels. This decision is expected to result in increased tax collection, providing additional income for the government. However, the proposal to exempt larger accommodation facilities from registration under the…
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Boggle Boggle: Korean noodle pop-up store debuts in Thailand with K-drama experience
In a move influenced by the continued fascination with K-pop culture among Thai enthusiasts, ‘Boggle Boggle,’ a Korean noodle pop-up store reminiscent of the famed late-night food spots or vintage red tents frequently portrayed in South Korean TV dramas, has made its recent debut in Thailand. Hosting its grand opening on June 24, Boggle Boggle occupies a space on the…
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Hydrogen program launched by Egco to cut CO2 emissions in the US
A significant advancement in the pursuit of cleaner energy took place recently, as Electricity Generating Plc (Egco), a subsidiary of the state-run Electricity Generating Authority of Thailand, launched a hydrogen program. This new initiative is set in the Linden Cogen thermal cogeneration plant’s 172-megawatt Unit 6, located in the US. The hydrogen fuel blending programme is part of a wider…
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Thailand’s real estate sector eyes foreign investment boost
With an eye on boosting the economy, real estate developers and consultants are urging Thailand‘s new government to implement policies that promote foreign investment. They believe such measures will stimulate a more positive environment for overseas buyers in the property market, suggesting promotional efforts to increase awareness among foreign investors. Artitaya Kasemlawan, head of residential sales projects at CBRE Thailand,…
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AIS urged to retract NBTC lawsuit amidst True-DTAC merger controversy
In an undisclosed revelation from employees within the National Broadcasting and Telecommunications Commission (NBTC), it was indicated that Advanced Info Service (AIS) has been encouraged to retract its lawsuit against last year’s NBTC board resolution, which validated the amalgamation of True-DTAC. This lawsuit could potentially create complications for the commission when deliberating the ongoing acquisition of the fixed broadband service…
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Global Thai rice export forecast to surpass 8 million tonnes
The appeal for Thai rice continues to be significant globally, with both Indonesia and Bangladesh expressing their aspirations to buy the grain through G2G or government-to-government contracts. Ronnarong Phoolpipat, head of the Foreign Trade Department, stated that the immense global demand for Thai rice is likely to boost exports to surpass 8 million tonnes this year. The department has plans…
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Drought hits Thailand’s cassava yield, imports to fill shortfall predicted
A projected decrease in Thailand’s yield of cassava and its by-products from 11 million tonnes last year to an estimated 9 million tonnes this year has been attributed to drought conditions. This situation is further compounded by more farmers opting for sugar cane cultivation instead. Ronnarong Phoolpipat, director-general of the Foreign Trade Department, revealed that despite the drought-induced shortfall in…
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Thai tourism-linked businesses experience booming growth amid economic recovery
Amid escalating tourist arrivals and robust economic recovery, Thai tourism-associated enterprises have been reaping lucrative rewards, particularly in the fields of foreign exchange, travel agencies, tour guides, dining establishments, and the accommodation industry. Such industries have experienced impressive growth within the initial five months of this year, as revealed by data garnered through the Business Development Department of the Commerce…
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Business diversification: Susco Beyond explores EV market amidst fluctuating oil prices
Susco Beyond, an auxiliary affair of Susco Plc, a prominent Thai oil retailer, persists to diversify. While an integral part of their business still revolves around the oil industry, they seek to mitigate the risks associated with fluctuating oil prices through business diversification. To this end, they have turned their attention to non-oil businesses, an example of which includes their…
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Post-pandemic business growth: CMG aims for 20% revenue boost relying on beauty trends
In an era marked by a surge in consumer-based beauty industry trends, Central Marketing Group (CMG), a key Central Retail Corporation subsidiary and renowned distributor of over forty top-notch global brands, targets a 20% revenue business growth for their beauty segment this year. The company’s president, Edwin Yap Hawson, notes that the anticipated business growth can be credited to inventive…
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Thai chicken advancement: CPF targets space-grade safety for production
In a bold step indicative of its commitment to product safety, Charoen Pokphand Foods PCL (CPF) has set its sights on the stars. Taking its poultry products to new heights, CPF is joining the “Thai Food Mission to Space” programme. A trailblazing endeavour, this Thai chicken project is spearheaded by CPF in partnership with Nanoracks Llc, a leader in space…
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31 Centara hotels scoop Tripadvisor Travellers’ Choice awards
Centara Hotels & Resorts scooped several top honours in the Tripadvisor Travellers’ Choice awards for 2023, with 31 of their properties being recognised worldwide. These prestigious awards, reserved for establishments consistently achieving excellent traveller reviews over the past year, place Centara’s hotels and resorts within the top 10% of all listings on Tripadvisor globally. This year, two Centara properties received…
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Delta Electronics cites external factors in share price fluctuations
There’s been a recent development with Delta Electronics (Thailand). The company has informed the Stock Exchange of Thailand (SET) that the company’s recent share price fluctuations are the result of external factors and that its financial fundamentals remain strong. Following a slump of 18.3% on Tuesday, Delta’s shares experienced volatility yesterday, closing up 0.26%. The trading alert on Delta’s shares…
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Pharmaceutical R&D lab investment drives JSP Pharma to target 30% revenue growth
JSP Pharmaceutical Manufacturing (Thailand) Plc, a company specialising in the distribution of medicines and nutritional supplements, is eyeing a 30% increase in revenue this year, which is partly due to the introduction of its new pharmaceutical research and development (R&D) service for the growing medical industry. In 2020, JSP earned 436 million baht, albeit incurring a loss of 17.4 million…
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Fashion-forward: Jaspal gears up for IPO, set to make a stylish debut on stock exchange
Bangkok-based ready-to-wear fashion company Jaspal is preparing for an initial public offering (IPO) on the Stock Exchange of Thailand (SET) as it seeks funding to further develop its fashion and lifestyle ventures. Jaspal recently submitted a proposal for the listing, offering up to 156 million shares, representing no more than 26% of the firm’s paid-up capital, to the Securities and…
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Sustainable financing: Unlocking Thailand’s net-zero pathway challenge
The urgency of tackling climate change and transitioning towards a sustainable future has drawn increased attention to the importance of sustainable financing in recent years. With every investment decision holding the potential to mould the fate of the planet, governments, corporations, and financial institutions are recognising the significance of funding environmentally friendly initiatives. The push for a net-zero carbon economy…
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Thailand boosts oversight of agriculture imports to tackle smuggling
The Ministry of Commerce in Thailand is ramping up its efforts to strengthen the oversight of agricultural product imports in an attempt to tackle smuggling in the country. The Internal Trade Department’s deputy director-general, Chakra Yodmani, noted that his agency has instituted measures to control the flow of 10 different crops, including paddy and milled rice, government stockpiled rice, fresh…
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Smart moves by KTO set to boost Korean tourists in Thailand by one million
The Korea Tourism Organization (KTO) is on a mission to lure travellers with cutting-edge smart tourism offerings, boosting the number of Korean visitors to Thailand to an impressive one million during the upcoming third quarter. As this thriving alliance between the two countries takes shape, Korean tourism is set to soar to new heights. Tanes Petsuwan, the Tourism Authority of…
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Thai SEC urged to tackle Stark’s negative shareholder equity, boost investor trust
Finance Minister Arkhom Termpittayapaisith urged the Securities and Exchange Commission (SEC) to address Stark Corporation’s negative shareholder equity issue to safeguard investors’ interests and bolster confidence in the market. Arkhom held discussions with the SEC’s secretary-general about the stock issue and encouraged the regulator to utilise available tools to boost investor trust in the market. He said… “It is crucial…
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Delta Electronics shares plunge 20%, triggering 1% drop in Thai Stock Exchange
Delta Electronics saw its shares plummet by approximately 20% recently, negatively impacting the Stock Exchange of Thailand (SET) after the implementation of market surveillance measures due to irregular price increases. Analysts from Krungsri Capital Securities (KCS) and Maybank Securities identified the primary cause of the 1% drop in the SET index as Delta’s share price decline, as the electronics parts…
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Luxury market boost: Siam Piwat doubles space at Siam Paragon amid soaring demand
Rapid growth in demand for luxury items during the pandemic has led Siam Piwat to enlarge the sales space allocated to luxury goods at Siam Paragon, doubling it in size. According to Mayuree Chaipromprasith, the president of corporate affairs and communications at Siam Piwat, the pandemic restrictions fuelled a significant increase in the appetite for the luxury market. The average…
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Thailand investments attract 45 billion baht in foreign funding
In the first five months of 2023, Thailand received foreign investments amounting to 45.4 billion baht, with Japan being the largest spender in the development of businesses in the country. The figures released by the Commerce Ministry show Japan’s investments reaching 15.9 billion baht, followed by China at 11.5 billion baht, and Singapore at 6.35 billion baht. The Business Development…
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Rice export surge: Thailand fast-tracks new varieties to boost global market share
Thailand is making significant strides in boosting its export competitiveness by fast-tracking the development of new rice varieties to meet global market demand, with plans to introduce 30 new varieties in the coming year. Following the “new rice variety contest for Commerce” event, Commerce Minister Jurin Laksanawisit discussed Thailand’s efforts to combat the lack of diversity in its product offerings…
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Election uncertainty affects Thai tourism, domestic spending slows down
As the Election Commission validates candidates for MP-elect roles this week, tourism operators express concern about a slowdown in domestic spending. Travellers appear to be delaying their plans, whilst local businesses hesitate to reinvest until a government is established. “There will still be a vacuum period until the government is formed,” said Sanga Ruangwattanakul, president of the Khao San Road…
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Economic slowdown, drought risk to hinder Thai economy in H2
The prospect of a domestic economic slowdown in the latter half of the year has been raised due to multiple factors, including potential drought, political uncertainties, and a slow global economy, according to the Employers’ Confederation of Thai Trade and Industry (EconThai). EconThai’s vice-chairman, Tanit Sorat, highlighted that the global economy is predicted to experience growth of less than 2.1%…
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