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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Revamped Jungceylon Shopping Center unveils a refreshed look with new immersive concepts
Jungceylon, one of Phuket’s largest malls, is set to unveil its new look following an asset enhancement initiative (AEI) to reposition the mall as "The Oasis of Shopping in Patong" – a one-stop destination offering fresh and immersive concepts in...
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Phuket now has a world class shopping hub
by Tim Newton The population of Thailand is around 70 million people. I think most of them were at the opening night of the new Central Floresta on September 10. As far as openings go this must have put a smile on the Central owners and management involved in bringing this new shopping experience to fruition – it was a…
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Habitat Group launch Walden Sukhumvit 39
ADVERTISEMENT Following the success of Walden Asoke launched in March this year, and now 90% sold, the Habitat Group is launching its second city centre luxury low rise condominium under the Walden brand – Walden Sukhumvit 39. Developed under the concept of “Low Rise, High Living”, the 950 million baht development embraces nature in its design. With end-users and investors…
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Bangkok’s MRT given the green light to run Phuket and Chiang Mai light rails
Bangkok’s subway operator. the MRTA (Mass Rapid Transit Authority) has been given the green light to invest in the proposed Phuket/Phang Nga and Chiang Mai light rail services. The MRT is also going to run the service when the services are eventually constructed. The cabinet has approved some of the basic details of the project that will give the MRTA…
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Samsung teases world’s first foldable phone
At least it won’t break when you try and bend it. Samsung are about to reveal some details on the world’s first foldable smartphone at its developers’ conference in San Francisco this November, according to industry sources. Rumors that the South Korean tech company would unveil its foldable phone at the Samsung Developer Conference have been circulating around the world…
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A Mandarin for Phuket
PHOTO: The Mandarin Hotel Sanya Island One of Asia, and the globes, leading luxury hotel brands, Mandarin Oriental has inked a deal for a Phuket property. Mandarin Oriental, Phuket will be located on one of the undeveloped beachfront sites still to be found on ‘Millionaire’s Mile’ on the west coast of Phuket island. It will occupy 9.5 hectares of land in…
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Phuket has Golden future for its sister city
by Chongchit Buchanan Australia’s Gold Coast city and Phuket will sign a letter of intent to establish themselves as sister cities tomorrow (September 10). The intent of the agreement is to explore a stronger relationship between the two municipalities and create international business opportunities. Gold Coast Mayor Tom Tate will travel to Phuket to sign the agreement with his Phuket…
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Confidence levels in the Thai economy continue to rise
Consumer confidence in Thailand is riding high. In fact it’s at its highest level in over 5 years. A growing economy and better prices for farm products is believed to be part of the continuing confidence. Regions in the country which have a high level of manufacturing or tourism are reaping the benefits of the growing economy. A survey by…
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Chinese setting up shop in Chiang Mai
by Jintana Panyaarvudh The charm and beauty of Chiang Mai, the capital of northern Thailand, has made the province not only a must-see destination but also a golden nest for foreign investors – especially Chinese seeking business opportunities. Take Chinese entrepreneurs like Cherry and Zong Dan, for example. Having fallen for Chiang Mai’s charms, they opted to start their first…
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Pattaya attracting major government and international brand investment
As part of Pattaya’s make-over to attract high-scale tourism back to the popular seaside city, some of the biggest names in local and international leisure, retail and sport are putting their money down to invest in the region’s future. And the Thai government is investing heavily too as part of its commitment to rebrand the area and bring it up…
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Goodbye e-commerce, hello ‘new retail’
PHOTOS: Alibaba Group Our lifestyles are quickly evolving as the digital age kills off the ‘old’ and the ‘new’ inexorably creeps in to our daily life. Goodby Kodak and Polaroid – hello smartphone cameras and Facebook. Goodbye newspapers – hello instant news websites, blogs and live-streaming. The same is happening to retail as the shopfront moves to websites and screens…
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Former Thai actor arrested over Bitcoin scam
A once-popular actor has been charged with convincing foreigners to transfer to him more than 5,500 bitcoins as an investment. (5,500 Bitcoin are worth around 210,000 baht or US$6,300 each as of today) Police picked up 27 year old Jiratphisit Jarawitchit today at midday at a shopping mall in Bangkok’s Chatuchak district. The Criminal Court issued arrest warrants for him…
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Sony’s new Xperia XZ2 Premium with ultra-high sensitivity dual camera
ADVERTISEMENT Sony Thailand steps up its game with new smartphones introduced to compete offerings from some of the Chinese companies as well as Samsung and Apple. Sony have announced the new XZ2 Premium, which has one of the most remarkable cameras ever integrated into a smartphone. The new phone boasts the world’s highest ISO 12800 sensitivity for video recording in…
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Thavorn Hotels & Resorts receives Thailand MICE Venue Standard Award
Thavorn Hotels & Resorts is proud to announce its certification of Thailand MICE Venue Standard (TMVS) by Thailand Convention and Exhibition Bureau (TCEB). The certification assesses venues in three key areas – physical, technological, and service requirements. Certified venues appear on an Approved List and are publicised worldwide as venues that meet international standards. MICE – Meetings, Incentives, Conferences and…
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Blue Tree Phuket appoints hospitality ace as GM
Blue Tree Phuket has announced the appointment of Michael Ayling, a veteran of Phuket’s hospitality scene, as its general manager. Having worked in a consulting capacity on the project for the past 24 months, Mr Ayling now takes the reins to lead the development, beginning with its opening to the public in early 2019. The UK-born leisure industry professional brings…
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Boeing says Asian region biggest growth area for aviation in next two decades
By Data Leads. PHOTO: Thai Airways Boeing 787 Asian countries are estimated to require 16,930 more airplanes by 2037, making the region the fastest growing aviation area in the world. Boeing’s annual forecast, the Commercial Market Outlook, reveals that the world fleet of jet planes would need 42, 370 new planes valued at US$6.3 trillion. The forecast predicts that the global…
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AI company invests 350 million baht in SE Asia – opens office in Phuket
Invacio, an artificial intelligence company, are busy setting up their operations in Thailand as part of their global operations. They are investing up to 350 Million baht in south east Asia Invacio Research Analytics, a group subsidiary of Invacio founded by William J D West, has launched in Thailand, led by Linleeya West (Thai/Swiss educated) Linleeya West felt this was…
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Hilton Phuket Arcadia Resort & Spa announces their new GM
Hilton Phuket Arcadia Resort & Spa have today announced the appointment of Markus Kosch as the new GM. Markus most recently served as General Manager of Conrad Guangzhou in China. Commenting on his appointment, Markus said, “I am excited to have the opportunity to be at the helm of one of the largest resorts in Phuket.” A 22 year veteran in the…
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Thai Airways to end its Samui flights this September
PHOTO: planespotters.net Thai Airways is scrapping its Bangkok-Samui flights from September this year. The airline’s been flying Bangkok to Samui, return, twice a day in a Boeing 737 carrying up to 149 passengers. It negotiated a contract with Bangkok Airways to fly the two flights into Koh Samui, which built and manages the island’s airport since 2008. At the time,…
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BMW eyes bright future for electric cars in Thailand
That growth makes Thailand number three in the world in terms of market acceptance of PHEVs, according to Krisda Utamote, BMW Group Thailand’s director of corporate communications. Christian Wiedmann, president of BMW Thailand, says the German carmaker would continue churning out new electric vehicle models due to confidence in its global market expansion, with Thailand included. “In Thailand, BMW is…
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Property report tips Phuket property boom
According to Knight Frank Thailand’s research, the Phuket condo market is expected to perform better in line with the brighter economic situation and the growing population of the island. Increasing supply and higher selling prices will be the key drivers, while demand is forecast to improve slightly. The number of launches in Phuket is predicted to increase and Thai developers…
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Thai Airways profits up nearly 50% for Q1
Thai Airways International and its subsidiaries have been able to notch up an operating profit of 3,836 million baht for the first quarter of 2018. This represents a 49.4% improvement over the same period last year, despite rising fuel costs. That cashes out as a net profit of 2,737 million baht, still 432 million baht (13.6%) short of last year’s Q1…
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Warnings over cheap cosmetic surgery – Lee’s story
PHOTO: Nine News, Australia Most cosmetic surgeries in Thailand will definitely save you money when compared to the costs in western hospitals. And the vast majority of procedures will go perfectly according to plan with patients broadly happy with their results. But Lee Cameron says she will regret the decision to have cosmetic surgery in Thailand for the rest of…
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Netflix, Spotify and Chill – Navigating the brave new world of music and TV
by Ben Hobbs from h3-digital.com Subscription movies and music services are booming, in particular Netflix which has over 125 million users worldwide and Spotify which has over 70 million paying users. The subscription model is where you pay a monthly fee and are entitled access to media which is streamed via the internet, rather than buy a physical CD/DVD, an…
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South East Asia hotel investor’s summit kicks off in BKK Monday
PHOTOS: seahis.com The largest investor summit for hotel owners and investors in south east asia kicks off in Bangkok May 14 & 15. The event is being held at the Westin Grande Sukhumvit. At this stage the event has 220 registered delegates from 15 countries, representing 60 leading hotels. Organisers say the event will adopt a roundtable format to allow delegates guests…
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New 101 villa luxury property heading to Mai Khao, Phuket
PHOTO: Viagens e Férias Global hospitality group Melia Hotels International has signed a new 101 villa luxury property in Mai Khao, Phuket. The developer of the property is the Phuket Villa Group. Each of the hotel villas feature private pools. Slated for 2021, the group will enter the Phuket market with an exclusive luxury resort on the idealic Mai Khao beach, at the…
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Alibaba to invest 11 billion baht in Thailand
Chinese e-commerce giant Alibaba Group has committed to invest a combined 11 billion baht in Thailand in a move that PM Prayut Chan-o-cha says could benefit the country’s small farmers and rural enterprises due to the firm’s expertise in diverse technology. “Jack Ma (Alibaba’s co-founder and executive chairman) told me he does not solely look for profits because Alibaba already…
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Transparent Government. Where does Thailand rank?
Japan has the most open government system in Asia, according to the recently released World Justice Project. Thailand leads countries like China and Malaysia when it comes to transparent government. Globally, Thailand ranks 68th in the ranking. The report measures whether country’s basic laws and information on legal rights are publicly available, presented in simple language and if there is…
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Confidence riding high – Thai economy continues to surpass forecasts
Confidence is riding high according to the Joint Standing Committee on Commerce, Industry and Banking. They report that the private sector remains confident about Thailand’s economic growth of 4.5% being maintained as exports and tourism continue to rise. But the Committee warns that the private sector is being spooked by potential fall out from the ramping up of trade disputes…
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That was 2017. This is 2018. Thai Economy
by Patrick Cooke, Regional Editor for Asia. Rising overseas demand for goods and services pushed Thailand’s GDP towards five-year highs in 2017, with business-friendly fiscal policies and planned spending on infrastructure expected to support further expansion in 2018. The Thai economy improved over the course of 2017, recording year-on-year growth of 3.3% in the first quarter, 3.8% in the second…
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Future of money or a fraud? Deconstructing Bitcoin in the region.
By Asia News Network, NEW DELHI Bitcoin’s popularity in Asia has had a positive influence on other alternative cryptocurrencies such as ethereum and litecoin. Clearly there is a great demand for such digital money, even though its volatility hurts. Asia has reacted both warmly and violently to the rising interest and craze in cryptocurrencies. Asian regulators have either outrightly banned the…
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