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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Sponsored Is Swedish snus a good alternative to smoking in Thailand?
With approximately 106,000 people in Thailand succumbing to smoking-related illnesses annually, people are exploring alternatives in pursuit of a safer option. And for many, the answer is Swedish snus (pronounced snoose and rhymes with goose), a traditional Scandinavian tobacco product...
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Top 5 foreign nationalities buying condos in Thailand in 2022
Chinese nationals bought the most condos out of any foreign nationality in Thailand this year despite the difficulties posed by Beijing’s strict Covid-19 restrictions, which are finally easing up after three years. In Thailand, foreigners are permitted to own 49% of the units in any condominium building. The remaining 51% must have Thai ownership. Although fewer Chinese bought condos in…
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Thaiger Cage hospitality digital pitch event to debut at Thailand Tourism Forum 2023
BANGKOK, THAILAND Leading Thai digital media outlet The Thaiger is launching a new start-up technology pitch event ‘The Thaiger Cage’ on 16th January 2023 at the Conrad Bangkok. It is a special prequel to the Thailand Tourism Forum (TTF) 2023, now in its twelfth year and widely considered to be the country’s leading annual hospitality event The special one-hour pre-event…
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Yell BKK launched ONETOUCH’s special edition package, ‘Amulet of Protection’
Press Release Thailand ranks 2nd in teen pregnancy among other ASEAN countries, and this doesn’t include STDs. ONETOUCH, a Thai condom brand, wants to take part in minimizing the problems by helping recap how to use condoms correctly in an unforgettable way. Beliefs, amulets, wish-washes, and Thai people are inseparable with no gender or age in between. That’s why there…
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An insight into trading stocks in Thailand
Thailand’s growing economy means that promising companies can mushroom over the years. In the next three years, it is expected to grow by around 5% annually. The question for investors however is, if they can trade stocks in the country, to profit from its growth. And the answer is, yes, they can. The Stock Exchange of Thailand, also known as…
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Thai Airways considers reviving stored A380s to meet rising demand
Thailand’s flag carrier Thai Airways International is considering expanding its fleet by reviving two Airbus A380 aircraft stored away for years to meet the rising demand for flights. The airline is “studying closely” the cost-effectiveness of restoring the planes and has not yet committed to a decision, says Airline Commercial Chief Korakot Chatasingha. “As you know, to bring them…and return…
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PayPal to lock out Thai users at end of month
Most PayPal users in Thailand will be locked out of the service next month unless they jump through a series of complex and quite silly hoops that are intelligible only to Thai citizens. After a year of nothing but statements, PayPal told customers this morning that they cannot use the service after December 15 unless they take “certain actions” that,…
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Thailand pulls the plug on foreign land ownership regulation
The Thai government has already pulled the plug on the draft ministerial regulation that would open up new foreign land ownership options in Thailand. The regulation proposed allowing foreigners who hold a 10-year Long Term Resident visa to buy a property and/or land of up to one rai in Thailand, given they invest a minimum of 40 million baht into Thailand…
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Marketing in Thailand as a Foreigner: Volume #2.2 Ad Campaign Crossroad: Global Materials vs. The New Investment
Sometimes, It’s Okay to Wear Socks and Sandals Foreign marketers sometimes need to be bold enough to wear socks and sandals in a tropical country like Thailand to stand out. If you wonder why: READ HERE. I have no space for rewriting all this; otherwise, you would think this article is too long, but it is already long enough that…
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Thai transgender entrepreneur buys Miss Universe Organisation for US$20 million
A Thai celebrity, businesswoman, trans rights activist, and beauty queen bought the Miss Universe Organisation for US$20 million yesterday. Jakapong “Anne” Jakrajutatip is the first woman to own the company – formerly owned by Donald Trump – in its 71 year history. Anne is a transgender woman famous in Thailand for starring in Project Runway and Shark Tank. She is…
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Do business smoothly in Thailand with BizWings accounting firm
Sponsored Meet BizWings (Thailand) Co Ltd., an accounting firm ready to support you and set you up for success in doing business in Thailand. It doesn’t matter whether you’re just starting out, have an established company, or you’ve been around the block a few times. Being a foreign business owner in Thailand, you will be faced with numerous problems. One…
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It’s in the jeans – Iconic pants mined from rich seam of racism
When a pair of filthy old Levi’s blue jeans dating back to the 1880s was found in an abandoned mine in the former Wild West by self-described “denim archaeologist” Michael Harris, he knew immediately they were something special. The vintage pants were sold at Durango Vintage Festivus, a four-day celebration of denim on the outskirts of Aztec, N.M. for $87,400…
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The impact of leisure activities on the Thai Economy
The always boisterous and immensely beautiful country of Thailand has always provided tourists with a plethora of incredible activities and events to embark on. Given that an increased amount of tourist-related activity still fully resides in Thailand’s most populated destinations, it is important to note the wider impact that the leisure industry has brought to the country’s economic stance and…
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BOT to mount rescue of crumbling baht
The Bank of Thailand (BOT) is attempting to steer the baht and the economy through some tricky times. As the government is apparently out of ideas to jump-start the economy due to high debt, the responsibility has fallen to the central bank. The central bank’s recent move to raise the key policy rate by 0.25 percentage points to 1% has, however,…
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Thai Airways is recruiting a new CEO
Debt-ridden Thai Airways is looking to hire an “ethical” Chief Executive Officer to steer the airline in the flight direction. After a year without a CEO, the nation’s flag carrier posted a job advertisement on LinkedIn looking for a highly-qualified aviation expert to take on the tall order of getting THAI back off the ground. THAI needs a leader who…
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Marketing in Thailand as a Foreigner: Volume #2.1 Ad Campaign Crossroad: Global Materials vs. The New Investment
Sometimes, It’s Okay to Wear Socks and Sandals Foreign marketers sometimes need to be bold enough to wear socks and sandals in a tropical country like Thailand to stand out. If you wonder why: READ HERE. I have no space for rewriting all this; otherwise, you would think this article is too long, but it is already long enough that…
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Line Man Wongnai now Thailand’s largest tech startup
Line Man Wongnai became Thailand’s largest tech startup by valuation thanks to a new round of funding. Singapore sovereign wealth fund, Capital Market Company (GIC), led the latest funding round that managed to raise 10.1 billion baht for the Thai food delivery app and in doing so made it Thailand’s latest unicorn company. Line, Taiwan Mobile, BRV Capital Management and PTT…
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Thailand’s MICE industry continues to flourish
Thailand’s resurgence in the Meetings, Incentives, Conferences, and Exhibitions (MICE) tourism industry continues to flourish with over 100,000 gatherings recorded this year. The Thailand Convention and Exhibition Bureau (TCEB) reported the nation catalogued about 69,000 arrivals of groups coming from abroad between April to June 2022. The TCEB estimate over 4,000 MICE arrivals this month and predict about 31,000 more…
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Yell signs a collaboration agreement with BACON Singapore and SOUNDS Shanghai
Press Release Yell, an independent agency, has partnered with Singapore’s Bacon Creative and China’s Shanghai Soundsplan Marketing & Planning to expand the organisation’s global reach through partnership creation. This enhances Yell’s ability to serve Asia-Pacific customers and transform into the first Thai agency with an international network. Dissara Udomdej, Yell’s founder and CEO, said, “Yell has developed a more entity…
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Thai Airways sells five Airbus A340s stored away for 13 years
Thai Airways (THAI) has found a buyer for five dusty Airbus A340s which have gone unused for 13 years. Thailand’s flag carrier has sold one A340-500 and four A340-600 planes for a total of 350 million baht. The transaction is sure to help THAI on its road to financial recovery since the Bankruptcy Court approved a debt restructuring plan for…
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Marketing in Thailand as a Foreigner: Volume #1 The Legend Thai Ads
Sometimes, It’s Okay to Wear Socks and Sandals. Matching socks and sandals is a universal fashion faux pas, but it is more severe in Thailand. They keep you warm and cold-free during winter, but we never merge them with sandals or flip-flops because it is confusing when you live in a country where the equator is only 15 degrees below.…
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Importance of trading only with regulated brokers
Investing boils down to making decisions. Good decisions can bring rewards in the form of profits, whereas bad decisions can be very risky and lead to losses. For every investor that wants to trade financial assets online, choosing a brokerage company is one of the first decisions that has to be made. Brokers provide a gateway to the world of…
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Opposition to foreign land ownership in Thailand
The government scheme to allow foreigners to buy one rai of land may have been met by enthusiasm in the expat community but not everyone has welcomed the idea. The Interior Ministry’s proposal to allow foreigners to own a bit of land if they invest 40 million baht is seen by many as a short-term fix to the kingdom’s economy…
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How can young drivers reduce their car insurance premiums?
SPONSORED Being a young driver is an incredibly exciting time. It’s a coming of age where you score one of your biggest achievements to date and gain a whole new level of freedom and flexibility. Of course, as exciting and life-altering as it is, one thing that can put a new driver off of the experience, is the fact that…
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Thai anti-corruption body names names over Thai Airways Rolls Royce engine scandal
Part of the debacle Thai Airways finds itself in now harks back to poor decisions made 30 years ago with some “expensive” aircraft engine purchases. Since then there have been numerous investigations and serious charges levelled against Rolls Royce over payments made to Thai Airways personnel. Rolls Royce has since settled over the case following an investigation by the British…
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Wealth decreasing among top 50 richest in Thailand
While the wealth of the 50 richest people in Thailand has fallen nearly 6% to a collective US$151 billion, Forbes Asia has announced at the top 10 richest people in the country remain in mostly the same ranking. Charoen Pokphand Group’s Chiaravanont brothers saw their wealth decrease by nearly US$3.7 billion this year but still remain the richest in Thailand…
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Thai hospitality sector opposes dual accommodation pricing
Many hotels have voiced their opinions over the government’s proposal to adopt dual pricing in the hospitality industry. They described the plan as “impractical” and asked that the government come up with promotions and campaigns to boost tourism instead. A government spokeswoman said yesterday that hotels would be expected to adopt a dual pricing system where Thais would continue to…
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Thai PM promises to accelerate Thailand’s electric vehicle future
The Thai PM wants to cement Thailand’s reputation as the biggest SE Asian hub for car manufacturing, and electric cars too. Currently Thailand is the world’s 10th largest manufacturer of vehicles (OICA 2021). Some of the world’s leading automobile manufacturers – Honda, Toyota, Mitsubishi, Nissan, Suzuki, Mazda, Mercedes Benz, Ford, Volvo and BMW – have manufacturing plants in Thailand. Last…
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Thai Airways has sold 11 of its old aircraft, 26 to go
Thai Airways has managed to sell the first 11 aircraft out of a total of 37 it has put up for sale as part of its bankruptcy recovery program. The airline’s acting president, Chansin Treenuchagron, ay Thailand’s transport minister has permitted Thai Airways to sell 1 older Boeing 737-400 plane and 10 Boeing 747-400 ‘Jumbo’ jets. Thai Airways had found…
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Phuket’s Central Patong shopping mall plans reopening and recruitment drive
Central Patong shopping mall in Phuket is launching a large-scale recruitment drive on the back of plans to reopen after a year of closure due to the pandemic. Central Department Store, the managers of the shopping centre, informed stores in the Central Patong shopping mall of the temporary closure on February 1 last year. But on Saturday, the Thai department…
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UPDATE: Fraudulent Japanese restaurant owner denied bail
UPDATE: Fraudulent Japanese restaurant owner denied bail The court denied the owner of Daruma Sushi’s request for bail this afternoon after he was arrested by police at Suvarnabhumi Airport yesterday. Police say “Metha” has caused millions of baht in damages and has countless allegations against him. The 39 year old owner of Daruma Sushi – Metha Chalingsook – got into…
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