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 Top 10 reasons for expats to get a comprehensive health insurance in Thailand
Moving to Thailand offers plenty of excitement and adventure, but the local healthcare system can be complex to navigate as an expat. From unique health risks to high costs at private hospitals, having a comprehensive health insurance plan is essential....
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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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Invacio Research Analytics: Pushing the boundaries of artificial intelligence and embracing cryptocurrencies
Newly established in Phuket, Invacio Research Analytics, a group subsidiary of Invacio founded by William J D West and led by Linleeya West (Thai/Swiss educated), are bringing Artificial Intelligence to Thailand and also bridging the gap between established currencies and the emerging world of cryptocurrencies. Through a sister subsidiary company, Invacio AAP Holdings (Seychelles), under the Invacio umbrella are all…
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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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Cathay Pacific brings the first A350-1000 to Suvarnabhumi
Cathay Pacific is the first airline to land an Airbus A350-1000 in Thailand and was congratulated by Airports of Thailand (AoT) deputy vice president Kanogwan Kasetsin and customer relations director Anussara Mongsup. Cathay Pacific’s A350-1000, the largest variant in the A350 family, carries 334 passengers in first, business and economy classes. Staff of Cathay Pacific, led by Kendrick Ko, country manager…
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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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10 good news stats from today’s economic forecast
The first four months of 2018 have seen the Thai economy surge ahead, Some key numbers were released today about the good news in the country’s financial report card. The value of exports rose 12.3% in April, year-on-year. • This month’s rise in exports is the 14th consecutive month of growth. In April Thailand shipped out 120,000 tonnes of durian,…
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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
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 album from iTunes or pay…
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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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5 things to check about your social media in 2018
Social media is going though some upheavals, affecting your numbers, especially the big ‘F’. Alex Runhaar, The Thaiger’s social media svengali, explains the things we need to focus on in 2018 as the social media washing machine swirls around us. https://www.youtube.com/watch?v=Y6T3-XXBGl4&feature=youtu.be
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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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Not all cryptocurrencies are the same
By Asina Pornwasin Thai companies wanting to raise public funds via Initial Coin Offerings (ICOs) using cryptocurrencies should be required to follow the strict rules and regulations on Initial Public Offerings (IPOs), currently applied to stocks and other financial instruments, said experts. The cryptocurrency hype in Thailand has stepped up following an announcement from listed Thai firm Jaymart’s J Venture…
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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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WEDNESDAY MORNING HEADLINES – All your news in 3 minutes
A lot of stories making up our news feeds today, from all over Thailand. Let’s ignore the threat of a 100% chance of rain from the forecast and focus on the sunshine in between. Here are today’s main news stories… Minimum wage rise, but… Debate over a rise in the minimum wage is heating up, with a key battleground opening…
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Cachet comes to Nai Yang
Cachet: The sate of being respected or admired. On December 16, 2017, discerning travellers discovered a new dimension of bespoke lifestyle resort with the grand opening of the Cachet Resort Dewa Phuket. This re-imagined lifestyle resort is set on the shores of Nai Yang Beach, at the north end of Phuket’s west coast, a mere 5 minutes from the international…
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mu Space is awarded 15 year satellite license to assist rural Thailand
mu Space becomes Thailand’s first space technology startup to operate a satellite service after the National Broadcasting and Telecommunications Commission awarded a license for the company. The 15-year license covers the operation of a satellite and provision of satellite-based services until 2032. Speaking on behalf of mu Space, Chief Technical Officer Samathorn Teankingkaeo said his team plans to differentiate mu…
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Where’s the best place to do business in Asia? (It’s not Thailand)
Singapore, closely followed by South Korea, remains the best country in which to run a business, according to the World Bank. While Brunei, Thailand and India have registered the most notable improvement in the ease of doing business. Pakistan, Myanmar and Bangladesh are the region’s lowest ranked economies. In the World Bank’s Ease of Doing Business list, Singapore has been…
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Billion baht sports & conference complex to be built at Mai Khao Beach
Phuket’s Governor led a team to visit 150 rai of land on Mai Khao Beach today (November 8) to review the plans to build a sports complex with a 900 – 1,000 million Baht budget from the budget year 2019. The sports complex is expected to attract more sports tourism to the island featuring a sports centre, exhibition hall and…
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The Thai Canal – cutting through the project’s hype
(Photo from mothership.sg) September 11, 2017 was the latest gathering of minds related to the challenges in establishing the much-discussed Kra Canal (now referred to as the Thai Canal) in Bangkok. The canal, if it happens, would slice a new shipping canal through the the slimmest section of the Malay Peninsula, anywhere from Chumpon to south of Phuket. The Thai…
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Show and tell – Governor in BKK to promote Phuket Street Food
Phuket’s Governor attended a press conference regarding the Phuket Street Food Festival 2017 in Central World Mall, Bangkok. The events will take place during the green season on September 16 and 17 at the 72nd Anniversary Commemoration of Queen Sirikit Public Park in Phuket Town. Phuket is one of 18 cities across the globe that are given the special title…
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World Bank upgrades Thailand’s growth projections
The World Bank on Thursday upgraded its economic growth projections for Thailand to 3.5 per cent from the 3.2 per cent estimated previously. The Bank said that economic growth in Thailand is gaining momentum, with global growth and recovery from severe droughts buoying an expansion of GDP by 3.3 per cent in the first quarter and 3.7 per cent in…
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Sports events leading the way in MICE
Sporting events are a key catalyst for Phuket’s MICE (meetings, incentives, conferencing, exhibitions) demand, with the industry valued at THB 5.74 billion. C9 Hotelworks has released their new Phuket MICE Tourism Market Update (c9hotelworks.com). With Thailand being ranked as the top MICE destination among ASEAN countries in 2016, Phuket is one of the major contributors with a total of 202,555 visitors.…
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