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 Moving to Thailand? Here are the health documents you should prepare before you go
The Thaiger key takeaways Valid passport, visa documents, health certificate, and vaccination records are essential for immigration and medical care in Thailand. Health insurance that meets visa requirements, like Cigna, provides protection, direct billing, and access to a wide hospital...
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Thailand mandates biometric SIM registration to combat fraud
The board of the National Broadcasting and Telecommunications Commission (NBTC) has provisionally approved a draft for a new SIM card registration system, incorporating biometric data collection from mobile users. The proposed system mandates all mobile operators to implement liveness detection biometric technology for SIM card registrations. This move aligns with recent political calls for stricter measures to combat prevalent online…
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Thailand drafts law for new financial hub with competitive incentives
The Finance Ministry has completed drafting legislation for a financial hub and plans to present it to the Cabinet by early February. Deputy Finance Minister Paopoom Rojanasakul stated that this legislation offers more privileges and authority than the Eastern Economic Corridor laws. The government is committed to advancing this draft law. Once Cabinet approval is obtained, it will be submitted…
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US and Thai stocks rise as Trump delays tariff hikes
Global and Thai stock markets experienced a short-term rebound following US President Donald Trump’s decision not to immediately increase import tariffs. Analysts have advised investors to remain vigilant regarding potential policy changes, as current conditions are unpredictable. On January 20, the price of West Texas Intermediate (WTI) crude oil declined after Trump announced plans to sign an executive order declaring…
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Thailand tops as dream destination for Southeast Asian travellers
Thailand has emerged as the top dream destination for Southeast Asian travellers, as revealed by Grab’s SEA Travel Insights 2024 report. Chantsuda Thananitayaudom, senior director of commercial and marketing at Grab Thailand, highlighted the importance of Southeast Asian tourists to Thailand’s tourism industry. In 2024, Thailand welcomed over 10.6 million travellers from Southeast Asia, representing 30% of its international arrivals.…
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Three million Thai elderly to receive 10,000 baht cash handout
Approximately three million elderly people are set to receive 10,000 baht (US$293) each as part of the second phase of the government’s cash handout initiative, according to Deputy Finance Minister Paopoom Rojanasakul. Paopoom indicated that a recent review identified 3.04 million elderly people 60 years old and over as eligible for the scheme. However, it is estimated that around 20,000…
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Trump card: Gold prices set to shine amid US policy jitters
Gold prices are predicted to rise by over 6% in the coming three months following Donald Trump’s inauguration as US President, due to uncertainties surrounding US economic and political policies, according to local traders. Hua Seng Heng Gold Futures (HGF) forecasts a 6.38% increase in gold prices within the first three months of Trump’s administration and a 3.3% rise over…
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Trumping expectations: Bitcoin set to soar under US president
Bitcoin’s price is set to soar during the first three months of Donald Trump’s presidency, while a groundbreaking crypto sandbox in Phuket promises to double Thailand’s digital adoption rate of 12%, according to Binance’s Thai division, the world’s leading cryptocurrency exchange. Ahead of Trump’s swearing-in as the 47th president of the United States, bitcoin reached a staggering new peak at…
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Thailand bets big on casino boom under entertainment banner
In a daring move set to shake up the Land of Smiles, the Government of Thailand is pushing forward with a controversial plan to legalise casinos, sneakily packaged as entertainment complexes. This bold move comes hot on the heels of outspoken former premier Thaksin Shinawatra’s call to legalise online gambling, promising a windfall of tax revenue. Now, the Digital Economy…
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Red light: Thailand’s car industry caught in hybrid dilemma
Thailand’s car production industry, a powerhouse of the national economy, stands at a pivotal red light crossroads. The decision now looms large: should the focus be on propelling battery electric vehicles (BEVs) into the spotlight, or should there be a concerted effort to guide the internal combustion engine (ICE) sector through a transitional phase towards electric vehicles (EVs)? With the…
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Thaksin’s power tariff cut plan sparks debate on electricity pricing
Thaksin Shinawatra‘s proposal to lower the power tariff from 4.15 to 3.70 baht per kilowatt-hour has ignited a discussion on the future of electricity pricing, which has remained elevated since 2022. The adjustment of tariff rates directly impacts electricity bills, with a reduced tariff leading to lower costs for businesses and households. The former prime minister introduced the tariff reduction…
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Majority ineligible for Thailand’s debt relief programme
A significant number of borrowers have registered for the You Fight, We Help debt relief programme one month after its launch. However, a substantial portion of these applicants do not meet the eligibility criteria, as noted by banking officials. Kris Chantanotoke, Chief Executive of Siam Commercial Bank (SCB), highlighted that some registrants do not qualify for the programme. Consequently, the…
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Thai rice exporter says policy changes are grain-ing momentum
A seasoned Thai rice exporter expressed support for upcoming changes in rice trade policy, anticipated to be enacted later this month, though he highlighted that small businesses still encounter significant obstacles in entering international markets. After the first meeting of the Operational Committee under the 1946 Rice Trading Act (Session 1/2025), Commerce Minister Pichai Naripthaphan announced that the committee had…
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Finding the best brokers in Thailand: key features to check
To invest in Thailand’s financial markets, choosing an ideal broker for a problem-free and successful trading session is a necessity. For both new and experienced investors, a reliable broker with certain specific features can make a significant contribution in your trading session. To make a smart selection, follow these important features to choose among the best brokers in Thailand. 1.…
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Call it off: Thai telecom giants reject merger offers on the line
Shareholders of Thai telecom mobile carriers, Advanced Info Service (AIS) and Thaicom, have been advised to hang up on acquisition offers from their controlling entities. The boards are urging a firm “no” to the merger plans proposed by Gulf Energy Development and Intouch Holdings. Back in July, Gulf Energy, the powerhouse investor behind Thaicom, and Intouch Holdings, which calls the…
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Rising sun eclipses Thailand: Japan now No.1 for Chinese tourists
Japan has dethroned Thailand as the top destination for Chinese tourists in a stunning reversal of fortunes. A remarkable surge in visitors last year sent Thailand scrambling to refocus its tourism strategy across other Asian markets. According to the Japan National Tourism Organisation, Japan welcomed a whopping 6.98 million Chinese tourists in 2024, a staggering 188% increase. Meanwhile, Thailand’s Tourism…
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Thailand banks on foreign investment to power economic surge
Bangkok Bank remains bullish on a surge in foreign direct investment (FDI) into Thailand, anticipating it will turbocharge the nation’s economy in the coming years despite global uncertainties. At the 2025 ASEAN Business Forum helmed by the bank last Thursday, Bangkok Bank President Chartsiri Sophonpanich unveiled striking figures: Thailand’s investment applications soared by 35% in 2024, hitting a decade peak…
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Trump card for bitcoin: 2025’s super cycle sparks crypto buzz
Crypto analysts are buzzing with excitement at the prospect of a bitcoin “super cycle” in 2025, as Donald Trump‘s return to the US Presidency brings a pro-crypto windfall. His administration’s staunch support for Bitcoin is injecting new life into the market, with enthusiasts riding high on optimism. Bitcoin recently dipped from its late-2024 peak amid profit-taking and cautious interest rate…
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Tax cuts with a twist: SEZ businesses get a decade of ten-percenters
The Revenue Department is slashing corporate income tax to just 10% for businesses nestled in Thailand’s special economic zones (SEZs) for the next ten years in a stunning financial manoeuvre. The move, designed to inject life into these strategically positioned areas, is set to give them a major boost. Director General Pinsai Suraswadi revealed that this game-changing tax cut received…
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Retail therapy: Tops looks for Lunar New Year discounts, tourists
Central Food Retail Co., (CFR), the powerhouse behind Tops grocery stores, is banking on a flurry of government stimulus and a tourism boom to set tills ringing as the Lunar New Year approaches. Chakkit Chatupanyachotikul, the marketing maestro at CFR, is upbeat about the impact of the government’s Easy E-receipt tax deduction scheme, a nifty initiative running from January 16…
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Driving Thailand’s economy into the high-tech fast lane
In a bid to supercharge Thailand’s sputtering economy, Industry Minister Akanat Promphan is rallying the manufacturing sector to shift gears and embrace high-tech innovation. With aspirations to increase GDP growth by 1% annually, Akanat is touting cutting-edge products as the next big play, given the triple threat of tech disruptions, geopolitical spats, and looming climate change. Since the pandemic, Thailand’s…
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Thailand’s nuclear power plan delayed amid policy uncertainties
Thailand is preparing for the integration of nuclear power technology but the implementation of the new power development plan (PDP) for small modular reactors (SMRs) is experiencing delays. The PDP, effective from 2024 to 2037, has yet to be enforced, involving collaboration between the Energy Regulatory Commission and the Office of Atoms for Peace on nuclear power and electricity management. SMRs,…
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Thailand sees record investment surge, driven by digital sector boom
Investments in Thailand are projected to increase this year, following a 35% rise in investment incentive applications, reaching 1.14 trillion baht (US$32.8 billion) last year. This marks the highest level since 2014, driven by substantial foreign direct investment (FDI) projects in data centres and cloud services, according to the Board of Investment (BoI). For the first time in 2024, the…
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Chinese tourists cancel Thailand trips amid safety concerns
Hotels and airlines are experiencing widespread cancellations from Chinese tour groups ahead of the Chinese New Year holiday, with independent tourist bookings also slowing due to safety concerns in Thailand. Eason Chan, a singer and actor from Hong Kong, cancelled a planned concert in Thailand last week, citing safety concerns for Chinese fans visiting the country. Additionally, Hong Kong’s Security…
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Thailand bets on man-made marvels for tourism cash boost
According to insiders at Krungthai Compass, man-made hotspots, from sports hubs to spectacular events, are set to propel Thailand to the brink of a tourism revolution thanks to a bold new strategy. Thailand is banking on an artificial allure to supercharge its tourism engine, with Krungthai Compass, a top research centre under Krungthai Bank, revealing that new, man-made tourist attractions…
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Taxing tunes: Music giant pitches cut to boost Thailand’s soft power
Thailand’s largest music company made a bold appeal to the government for a corporate tax reduction in the entertainment sector, arguing it could supercharge the industry and bolster the nation’s soft power ambitions. GMM Music Plc CEO Phawit Chitrakorn paints a picture of an industry that thrives on slim profit margins, clocking in at a modest average of 10%. Phawit…
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Central Pattana’s 500 million baht Chinese New Year splash
Central Pattana Plc (CPN) isn’t playing small this Chinese New Year as they, together with Central Department Store Co Ltd (CDS), unleash a mega 500-million-baht spending spree on their dazzling The Great Chinese New Year bash. Running from now until February 6, this vibrant celebration is expected to dazzle at Central malls nationwide, including the ever-busy Esplanade Ratchada. Leading the…
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Fuel for thought: Thailand sees shift in consumer petrol gears
Thailand’s engines are revving as fuel consumption takes a notable 2% leap, in line with the country’s economic growth, which is pegged at a healthy 2.6% to 2.7% for 2024. The Department of Energy Business reveals that from January to November, Thais guzzled an average of 155 million litres of fuel daily. Turning heads in the petrol station queue is…
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Casino kingpins eye Thailand: Melco’s big gamble on Bangkok
Macau gambling giant Melco Resorts & Entertainment is rolling the dice on Thailand, as they devise plans to dive headfirst into the country’s booming tourism scene and cultural tapestry. With whispers of legalised gambling on the horizon, this move could be a jackpot for the casino giants. At the helm, Lawrence Ho, Melco Chairman and CEO, is singing the praises…
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Shipping a car from the US to Thailand: Regulations and costs explained
Shipping a car from the USA to Thailand may sound like a straightforward task, but it can quickly become a maze of regulations, fees, and paperwork that might leave you feeling overwhelmed. Whether you’re relocating or just want to take your favourite vehicle along for the ride, making sure you understand the basics before diving in is crucial. Picture this:…
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Exploring the digital marketing landscape in Thailand: Trends and insights
The world has become a global village, such that business people no longer have to limit themselves to serving the needs of the people close to them. This approach has especially taken over in Thailand, where business people previously relied on traditional marketing. They have since learned that by digitising a business, they not only make their products more accessible…
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