Business News
Thailand business news, market trends, foreign investment, and economic updates—stay informed on stock market movements, entrepreneurship, and key developments shaping the economy. Get the latest from The Thaiger, your trusted source for business news in Thailand.
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Sponsored 12Go introduces Japan Rail Passes to enhance travel accessibility for international travellers
For those who have travelled throughout Thailand, 12Go is a well-known provider of various trips, though the platform itself has a much wider reach. Ranging from buses to planes, 12Go is undoubtedly a leading booking platform for travel throughout the...
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Thailand’s Central Bank start twiddling the currency knobs to curb baht speculators
The Thai Central Bank says it is taking steps to ease the impact of speculative currency trading which has contributed to strengthening the baht. They say they’re ready to use additional measures if speculative trading continues to persist. The Bangkok Post reports the Central Bank reduced the outstanding balance of non-resident baht accounts (NRBA) and non-resident baht accounts for securities…
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Avani Hotels and Resorts re-brands two resorts in Krabi
PHOTO: Klong Dao Beach, Krabi, home for one of the new ‘Avani’ brand hotels Two new hotels are on the way for Krabi under the Avani Hotels & Resorts brand. Avani Hotels & Resorts have signed up two new resort hotels in Krabi, marking the brand’s continued growth in Thailand. The existing resorts will undergo renovations to bring the properties in…
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Somkid says new Thai Government will speed up stimulus spending as growth falters
PHOTO: The Nation Somkid Jatusripitak, a day after being officially announced as a Deputy PM and head of the finance ministry, says he will speed up investment in key infrastructure projects to boost the country’s growth rate to 3.5% for the rest of 2019. “I have confidence we can manage the country’s economy under the coalition government to boost its…
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Talks resume in the ongoing China-US trade spat
By China Daily – Asia News Network There’s been a resumption of talks in the China-US trade.’war’ Analysts are hoping the restart in talks between top negotiators from both nations will deliver a win-win outcome. China’s Vice-Premier Liu He spoke by phone with US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin on Tuesday. According to reports, officials exchanged views…
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New EU-Vietnam free trade deal threatens Thailand
PHOTO: Hanoi, Vietnam’s capital, where the new trade deals with the EU were signed last week Vietnam’s new trade deal with the EU is threatening Thailand’s trade and investment. The European Union-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement were signed on June 30 in Hanoi. Thailand has no free trade agreement with the EU so all Thai…
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Thai parliament addresses low prices for farm produce
PHOTO: Low prices for produce, from coconuts to rice, roller to oil palm The new parliament has considered urgent motions on the low prices of farm goods and resolved to set up a 39 member extraordinary House committee to look into the the matter. The new Thai House of Representatives has deliberated 11 urgent motions lodged on the issue of…
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Chiang Mai hotels battle disruptors
by Bill Barnett Thailand’s northern tourism hub of Chiang Mai has become a victim of its own volume-driven success. According to hospitality data provider STR, market-wide hotel occupancy for the first five months of the year is down 5.1%, compared to the same period in 2018. In the newly released C9 Hotelworks Chiang Mai Hotel Market Update, the comparison between…
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Thai Stock Exchange best performer in Asia – first six months
The Stock Exchange of Thailand (SET) Index shows an increase of 6.8% over previous month up to the end of June, marking it as the best performer in Asia. The SET is up 10.6% from the end of 2018 to 1,730.34 points. The average daily trading value of SET and Market for Alternative Investment in June was 60.53 billion baht…
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Luxury condos change the face of Sathorn Road in Bangkok
by Somluck Srimalee, The Nation From Sathorn junction to Taksin Bridge, the riverside section of Sathorn Road has been transformed from a strip of shophouses to luxury residential condos in a gentrification that added 8,000 new apartments to the area. As well, the businesses have shifted to a more modern trade to replace the traditional trades. With the market trend, listed…
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The Thai Baht in 2022 – a prediction
Please note: This is just ONE website’s predictions of the currencies in the future. It should not be taken as a serious representation of the state of the world currencies in 2022. Trying to find a few good numbers amid the bad we thought we’d look forward three years to some of the world’s major currencies and their projected performance…
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High-speed rail airport link contracts to be signed next month
The Eastern Economic Corridor Policy Committee has reported progress in the high-speed rail project to link three airports (Suvarnabhumi, U-Tapao and Don Mueang), and the Map Ta Phut industrial port development project. Contracts for both projects are expected to be signed between state firms and private concessionaires in July. The Eastern Economic Corridor Policy Committee, chaired by PM Prayut Chan-o-cha,…
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Thailand’s auto manufacturing expects to reach 2.2 million
PHOTO: Autoinfo Car sales for 2019 are likely to increase thanks to the improved purchasing power of Thais as the agricultural sector returns better prices. Permanent Secretary of the Ministry of Industry, Phasu Loharachun, say the automotive industry is the main economic activity generating revenue for the country. Meanwhile, the total number of cars to be manufactured this year is expected…
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Somkid blames sluggish formation of Thai government for GDP downgrading
Deputy PM Somkid Jatusripitak is saying the delay in forming Thailand’s next government caused the downgrading of the country’s GDP projections from 3.8% to 3.3%. The Bank of Thailand downgraded their forecasts at a meeting this morning. But Somkid noted that he was confident that Thailand’s GDP growth will pick up again once the new cabinet had been announced and…
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Trying to find a pulse in Thailand’s economic health
Thailand’s economy is south-east Asia’s wounded soldier as the newly elected Thai government tries to boost confidence and stimulate the economy after five years of military rule. Certainly the past 12 months have been the most challenging. GDP growth hit a four-year low of 2.8% for Q1 2019 and exports remain weak. Despite having unlimited power for half a decade,…
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Thai car manufacturers upbeat about sales
PHOTO: Chevrolet’s proposed SUV ‘Blazer’ to replace the Captiva Car sales for the first five months of this year stood at 437,722 equating to a year-on-year rise of just over 9%. Sales for May alone were 88,097 units, up 3.7%. But May’s growth slowed from the double-digit rise that the sector experienced between January and April, 2019. • By brand sales…
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Thailand Post’s no-go list
Twenty years ago postal services were thought to he going out of fashion as email and social media began to replace people sending letters in the post. But that’s all changed now as online retail services are making the world’s postal services busier than ever. Including Thailand Post. If you’re wishing to avoid problems with Thailand Post and would like…
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Thailand’s exports plunge 5.8% in May
Thai exports have declined 5.8% for the month of May 2019. The value of May’s exports is 648 billion baht. The Commerce Ministry says in their report today that the contraction is mostly influenced by global factors including ongoing trade tensions between US and China and tighter global financial conditions, and specific factors of each country and region, political uncertainty…
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Private hospitals briefed on new drug prices and medical fee notifications
Internal Trade department officials have briefed representatives of 353 private hospitals around Thailand about the public notification of prices of drugs, medical supplies and medical services to patients are treated at their hospitals. Internal Trade Department Director General Wichai Phochanakit explained that the private hospitals need to notify the public of the prices of drugs separately, not including the hospital…
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Thai Baht hits six year high – 31.05 to the US dollar
The Thai baht has hit a six-year high, reaching 31.05 to the US dollar yesterday after the US Federal Reserve signalled possible interest rates cuts. The US Fed says their monetary easing would be in response to increased economic uncertainty and a drop in inflation expectations. The Thai currency is forecast to keep trading in a range of 31.15 to 31.25…
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Where to post all of your job positions: Completely free!
Recruitment can cost you more than you realize. You do not want to sacrifice candidate quality, but you don’t wish to spend too much time and money to find them. All types of employers are searching online for platforms they can use to post their job positions for free. From social networking websites to job boards, there are many ways…
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Chinese move their purchase power away from Bangkok condo market
Chinese condo buyers are veering their purchase power away from the Bangkok property market citing the strong Thai currency, overpricing and a supply glut. 2015 – 5.8 Yuan to the Thai Baht 2019 – 4.4 Yuan to the Thai Baht The rise of the baht and the weakening of the Chinese Yuan over the past four years, have culminated in…
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Bangkok to Hua Hin van operators blame Prayut but passengers say the service was “terrible”
PHOTO: NewsBeezer A minivan service from Bangkok to Hua Hin has been forced to conclude services by the end of June. “June and James Transport” are blaming the military government and NCPO leader Prayut Chan-o-cha. But Manager Online says reviews from customers shed a different light on the story saying the service was “terrible”. Customers say the vehicles were terrible…
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True Digital Park opens in Sukhumvit 101 Road, Bangkok
Under the concept of ‘One Roof, All Possibilities’, the new True Digital Park is now ready to support the country in driving the digital economy. The “Work Space” is a workplace and digital innovation development space. The True Digital Park says they will collaborate with government agencies, enterprises and global tech giants including The National Innovation Agency, Digital Economy Promotion Agency,…
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Administrative Court rejects private hospitals’ plea to remove caps on pricing
Thailand’s private hospital sector has failed to win respite from an order controlling their medical prices, after the Supreme Administrative Court turned down their request. The court made the decision saying that the order will not cause irreversible damages to the hospitals even though an injunction has not been issued yet. The Private Hospital Association, together with 42 private hospitals,…
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Fishermen say they will protest fishing bans off Nakhon Si Thammarat, Thailand
Fishermen in Nakhon Si Thammarat are warning of mass protests against the provincial governor if he doesn’t act and allow them to fish legally in the seas off the provincial coast. The south Thailand fishermen say they’re being harassed by fishery officials. 500 local fishermen gathered yesterday to air their grievances to the newly elected Palang Pracharat MP for the…
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Private sector waits for new economic ministers to raise investor confidence
The private sector says they’re waiting to see the new ministers emerge from the current negotiations that will be in charge of economic portfolios, who may raise the confidence of investors. Meanwhile, the Consumer Confidence Index was at 77.7 in for the month of May, the lowest in 19 months. Thanawat Pholvichai, director of University of the Thai Chamber of…
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Facing headwinds in 2019, Thai economy looks better for 2020
The Thai economy is projected to grow 3.8% in 2019, slightly below last year’s 4.2%. The main reason is slower growth in the global economy. thailand-business-news.com reports that this is likely to lead to a deceleration in Thai exports and tourism, which will impact domestic consumption. But the report says that foreign direct investment and government stimulus measures could prop up…
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Final design for Phuket Light Rail wrapped up next week
A final design of light rail (tram) project in Phuket should be concluded by next week as a dispute over how the rail structure will be laid is close to being settled. Deputy Transport Minister Pailin Chuchottaworn says recent talks have been focussing on the design of tram track construction along some of the densely populated areas from the airport…
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MRT extension from Hua Lamphong to Tha Phra opens Mother’s Day in Thailand
PHOTO: The Nation A free trial service of the MRT Blue Line extension from Bang Sue to Tha Phra in Bangkok will be launched at the beginning of next year, and commercial services will begin in March. Mother’s Day on August 12 this year has been picked for the official launch of the MRT extension service from Hua Lamphong to…
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Nation Multimedia Group takes legal action over alleged copyright violation
The Nation Multimedia Group is filing criminal cases against two media monitoring service companies for violation of its copyright. NMG’s subsidiaries Krungthep Turakij Media, Nation News Network and Kom Chad Luek Media, as plaintiffs, filed criminal cases with the Central Intellectual Property and International Trade Court on April 9 against iSentia Bangkok and iSentia Monitoring Services (Thailand). The two companies…
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