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.
To keep up with the most recent business news in Thailand, subscribe to our newsletter and follow us on social media.
-
Sponsored Boost your business in Thailand: 5 powerful benefits of using BoostedByPeople
As a business owner in Thailand, you know how tough it is to stand out online. Ads get skipped, scrolled past, or flat-out ignored. People are more sceptical than ever about what they see on their feeds. And even when...
-
Lululemon to open store in Thailand this July
Canadian athletic apparel, accessories, and footwear brand lululemon athletica will open a store in CentralWorld in Bangkok this July. It will be the brand’s first store in Thailand. The brand did not give an exact date in July for the store’s opening on CentralWorld’s first floor opposite H&M Home – joining the mall’s newly-opened American burger joint Shake Shack. Lululemon…
-
Bangkok’s luxury condo market is booming
Bangkok’s luxury condo scene is booming with rent at some high-end condominiums now hitting 100,000 baht per month, reports BangkokBizNews. Sanchai Khu-Ekachai, Director and Head of Research and Consulting at Knight Frank Thailand Co., Ltd. said… “The condo market began to recover because of demand from foreigners affected by the Russia – Ukraine war, especially condos in Bangkok. Russian tourists stimulated…
-
Thailand is the biggest exporter of condoms in the world
Condoms are among five products that Thailand exports more than any other country in the world, according to data from the global trade insights website kidka.com, reports Prachachat. Today, the Ministry of Commerce’s Director of the Trade Policy and Strategy Office, Poonping Naiyanapakorn, revealed that Thailand was the champion exporter of five outstanding Thai products in 2022… Fresh Durian Thailand…
-
Grab Thailand relaunches premium services with ‘The Ultimate 5 Senses Experience’
Grab Thailand is ramping up its premium on-demand ride-hailing service by reintroducing “GrabCar Premium” with the concept of “The Ultimate 5 Senses Experience,” in collaboration with Spotify and Chol Aromatique. This strategic move is aimed at creating an impressive user experience through an astonishing ambience appealing to all five senses, targeting urban people – especially white-collar workers and foreign tourists – who…
-
AI-created song removed from streaming platforms
An ingenious AI tune impersonating Canadian stars Drake and The Weeknd was removed after causing quite a commotion! “Heart On My Sleeve,” a tune created using artificial intelligence (AI) software to emulate the voices of Drake and The Weeknd, has been causing a right stir. After receiving millions of listens within a short space of time, Universal Music Group (UMG)…
-
Record high Netflix subscriptions, imminent password crackdown
Netflix Smashes Records with 232.5 Million Subscribers, and Ad-Supported Tier Going Brilliant Ace stuff from Netflix as they revealed that the number of subscribers reached a staggering 232.5 million in the first quarter, setting some serious records. Not only that, their swanky new ad-supported tier is getting a thumbs up from tv lovers. The streaming titan flexed those financial muscles…
-
Musk’s Twitter activities contribute to spreading misinformation
Elon Musk vowed to make Twitter the “most accurate source of information about the world,” yet he has repeatedly used his own account to amplify false claims from some of the internet’s most notorious disinformers, as demonstrated by an AFP analysis of his online activity. Musk’s posts display a penchant for drawing attention to misinformation on topics ranging from the…
-
A closer look at the crypto industry in Thailand
Thailand’s crypto industry has been steadily growing in recent years. This success is partially thanks to the government’s increased support for the sector. In 2018, the Thai government legalized cryptocurrencies and introduced a regulatory framework to oversee crypto-related activities in the country. Since then, Thailand has become a popular destination for crypto startups like Bitcoin casinos, trading exchanges, and payment…
-
Thailand’s billionaire trio makes Forbes’ 2023 list of world’s richest
Forbes yesterday released its annual list of the world’s billionaires, and Thailand has its hands in the till with 28 billionaires, three of whom are ranked in the top 150. The list includes Dhanin Chearavanont, Charoen Sirivadhanabhakdi, and Sarath Ratanavadi, whose net worths range from US$12.3 billion to US$14.9 billion. Despite this achievement, the year 2023 proved challenging for the…
-
Shake Shack opens for business in Thailand
World-famous New York burger joint Shake Shack opened its flagship Thailand store at CentralWorld in Bangkok at 10.30am today. The first 500 customers at the store this morning were given handcrafted bamboo Shake Shack fans woven by a community enterprise in Ayutthaya, ready for the summer season. The restaurant’s menu offers American classics like burgers, hot dogs, chicken, fries and also…
-
Huneety releases solution for talent shortage
Press Release Huneety is a regional HRtech startup headquartered in Bangkok and founded by 2 French entrepreneurs, Simon Carvi, Co-Founder & CEO and Vianney d’Hostel, Co-Founder & COO. Huneety is the combination of “H” for Humans and the word “Unity”. Huneety was born in late 2021 from the acute talent shortage in Southeast Asia, a phenomenon that is expected to…
-
Thailand’s leading Fintech “DeeMoney” unveils new strategy “Owndee” with better rates, faster, and easier transfers
DeeMoney is Thailand’s No 1 money transfer service licensed by BoT DeeMoney aims to be NeoBank offering comprehensive cross-border payment and money transfer services on digital platforms that best address target customers’ demand In 2022, DeeMoney emerged as a dominant fintech player in the non-bank money transfer sector, with overall transactions exceeding 3 million transactions with a volume over 50…
-
Prime office location for rent in the heart of Bangkok’s thriving Bang Kapi area
Looking for a strategic prime office location to establish your business in Bangkok? Look no further than the SINGHA COMPLEX project in the bustling Bang Kapi area. The recently completed office space on the 18th floor of the tower is now available for long-term rent. The indoor area of the office measures 783 square metres and it is currently unfurnished.…
-
Thailand’s top 10 most expensive condos
Thailand is home to 15 condominium projects selling condo units for more than 50 million baht each, according to the Agency for Real Estate Affairs (AREA). Matichon reports that the President of AREA’s Thai Real Estate Research and Valuation Information Centre, Sophon Pornchokchai, revealed on Tuesday that the most expensive condominium unit in Thailand is worth a whopping 887.2 million…
-
Thailand woos crypto companies with tax waiver
Thailand‘s Cabinet approved a tax waiver for cryptocurrency firms yesterday. The Cabinet decided that companies raising funds by issuing digital tokens for investment are exempt from paying corporate income tax and value-added tax (VAT), according to a government spokesperson. Once the new tax waiver is implemented, crypto companies can issue investment tokens in Thailand without any tax on primary or secondary…
-
Selfridges’ Thai owners take on 70 billion baht debt
Central Group, Selfridges’ Thai owners along with Austrian enterprise Signa Holdings, have taken on another £1.7 billion (US$ 2 billion, 70 billion baht) of debt in a strategy to increase investment returns. The London branch of Bangkok Bank provided the loan, secured against the lease on the retailer’s London flagship store. Selfridges said the loan would “release capital” for the…
-
Thai Airways to merge with Thai Smile to ‘reduce losses’
Thai Airways is to merge with Thai Smile to “reduce losses.” The plan is expected to be approved by the end of this year. Piyasvasti Amranand, chairman of THAI’s committee overseeing the airline’s rehabilitation, said the restructuring had been on the cards for a while and had always been part of the plan. “A study about the merger plan is…
-
Thai Airways Q4 loss narrows
Thai Airways Q4 profit almost tripled as tourists started to return to the holiday kingdom. The carrier’s net income for the three months ending December 31 rose to 11.2 billion baht (US$300 million) from 4 billion baht a year earlier, chief executive officer Chai Eamsiri said on Friday. Thai Airways Q4 profit to support strong growth in 2023 Operating income…
-
Malware and ransomware biggest threat to Thai businesses
Malware and ransomware continue to be just as much of a threat to businesses this year as last, according to a cybersecurity firm FortiGuard Labs. The global cyber threat study and research team, found malware and ransomware with sophisticated attack patterns and delivery remain the main threats to Thai organisations. Vulnerability will increase During the fourth quarter of 2022, FortiGuard…
-
Foreigners invest 5 billion baht in Thailand in January 2023
In the first month of 2023, foreign investment in Thailand amounted to 5.129 billion baht, the biggest investors being the Japanese, investing 3.588 billion baht. Foreign investment is expected to reach 100 billion baht by the end of the year. Today, Deputy Minister of Commerce Sinit Lertkrai revealed 52 cases of foreign investment in January under the Foreign Business Act…
-
Taxes up, bribes down – Palang Pracharath Party wants venues to operate legally
The ruling Palang Pracharath Party’s Chaiwut Thanakamanusorn wants to make it easier for entertainment venues to operate legally. The Minister for the Digital Economy would like to see bars and clubs operate within the tax system, bringing in fiscal revenue and administration fees while reducing the scope for bribery. Chaiwut said on Sunday that Palang Pracharath members had agreed that…
-
Small hotels recover in Thailand as foreigners move downmarket
As small hotels recover in Thailand, returning tourists are choosing different options from pre-pandemic staples. A study of small hotels and hostels found booking growth is now higher than before the pandemic, with bookings from overseas tourists exceeding those of local travellers. As small hotels recover in Thailand, bookings are up by a quarter from the pre-Covid levels, according to…
-
Thai Airways rehabilitation ahead of schedule
Thai Airways expects to exit its rehabilitation plan ahead of schedule. The airline is already looking for new aircraft as the recovery in global tourism bolsters earnings. CEO Chai Eamsiri said Thursday that the carrier will be able to leave its court-supervised debt plan “much earlier” than the late-2024 target, according to Bloomberg. The company is also in talks with…
-
New law allows foreign talent to thrive in Thailand
The government of Thailand has taken a huge step forward in attracting highly skilled foreign workers to the country, with the release of a new law that allows foreigners to work or invest in 18 select industries. The Royal Thai Gazette website published a notice from the Ministry of Interior outlining the special permit for migrant workers, signed by Prime…
-
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…
-
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.…
-
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…
-
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…
-
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…
-
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…
Don't forget to check out some other things to do in Thailand - get help starting a business or finding a job in Thailand, buy Thailand property, rent a yacht or book a medical procedure worldwide.