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 6 reasons you should send your kids to an American-Style summer camp in Thailand
It’s the end of June, and that means kids in Thailand are on a long summer holiday! If you’re looking for a fun yet educational activity for your kids to pass summer break, sending them to iCamp Thailand, the first...
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Custodied cryptocurrencies to see new regulations in Thailand
Custodied cryptocurrencies will see new regulations in Thailand. The Securities and Exchange Commission of Thailand issued new measures which require companies offering crypto custody services to “establish a digital wallet management system to accommodate efficient custody of digital assets and keys and ensure the safety of clients’ assets.” The new regulations went into effect on January 16th. The new measures…
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Central Fraud Registry, coming soon to clean up Thai banking
Thailand‘s forthcoming Central Fraud Registry will be a new investigative authority, working alongside the Computer Emergency Response Team, a group of financial institutions focused on cybercrime in the banking industry. The new fraud registry will concentrate on financial fraud in the industry. Thai Banking Association (TBA) chairman Payong Srivanich did not set a time frame for setting up the registry.…
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PM Prayut proud of Thailand’s pineapples
Prime Minister Prayut Chan-o-cha‘s face lit up with joy when he heard that Thailand is the biggest exporter of canned pineapple in the world, according to government spokesperson Anucha Burapachaisri. PM Prayut was “delighted” when the Agriculture Ministry informed him that Thailand holds a 32% share in the global canned pineapple market – the biggest in the world – valued…
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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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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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Tesla to launch in Thailand this month
Elon Musk’s Tesla Motors aims to launch in Thailand this month after a period of recruiting in the kingdom. The company will sell electric vehicles (EVs) in Thailand. Tesla registered as a company in Thailand in May this year with an initial registered capital of 3 million baht. The company is releasing two cars initially, the Model 3 and Model…
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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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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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Rich rewards offered for info on currency counterfeiters
With large numbers of fake banknotes now circulating in Thailand, especially in the north of the country, the Digital Economy and Society Ministry Saturday announced a counterfeit rewards system for those canny enough to spot the fakes and turn them in. If you come up with information on counterfeit banknotes, you can expect to be rewarded with up to 100,000…
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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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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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Centi-millionaires: how rich is REALLY rich?
Are you rich? Super rich? The world’s first global study on the ultra-rich found a surprising amount of centi-millionaires – people with more than US$100 million in investible assets. A startling 25,490 of these super wealthy and powerful people pepper the globe. The number of heirs, CEOs, tech gurus and finance moguls worth over $100 million doubled amid a period…
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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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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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International money transfers made fast, secure and transparent with DeeMoney Neo App
Sponsored With the pandemic boosting the global digital economy and accelerating cross-border payments, people are constantly looking for hassle-free modes of transaction. However, finding the right and trustworthy financial service can be challenging due to cumbersome procedures and money lost to hidden charges and exchange rates. DeeMoney, Thailand’s #1 Fintech specialising in cross-border payments, aims to address these pain points…
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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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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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Southeast Asia startup struggles at heart of this year’s Techsauce Global Summit
Press Release Startup funding, investor confidence and growth were just some of the pain points addressed at this year’s Techsauce Global Summit, which took place at ICONSIAM, Bangkok on the 26 and 27 August. The conference, which is back in physical form following a three-year hiatus, saw over 10,000 attendees, 1,500 startups and 300 speakers in attendance. Techsauce Global Summit acts…
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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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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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Thai Airways’ revenue finally takes off
Thai Airways’ July progress report reveals a promising outlook for Thailand’s flag carrier, which expects to exit its financial rehabilitation plan earlier than planned. The airline’s revenue has shot up due to increased passenger traffic, but cutting costs, selling stock, and chasing debts have been Thai Airways’ secrets to getting back on track. After improving its performance, Thai Airways submitted…
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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 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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