business
- Pattaya News
Pop Mart makes a splash in Pattaya with new By the Sea store
Global art toy phenomenon Pop Mart is turning heads once again, this time with the grand opening of its brand-new By the Sea store at Central Pattaya Shopping Centre. The quirky, seaside-themed outlet is the latest addition to Pop Mart’s Thai expansion, cementing its position as a major player in the booming collectable art toy market. The move follows Pop…
- Business News
Thailand’s central bank launches phase two of sustainability framework
Thailand’s central bank is advancing its commitment to sustainability with the introduction of phase two of the Thailand Taxonomy, a strategic framework designed to guide banks and local businesses towards environmentally sustainable practices. This initiative, spearheaded by the Bank of Thailand, seeks to standardise the transition to sustainable operations across various sectors. The Thailand Taxonomy Board has unveiled a draft…
- Thailand News
Thai restaurant sales to soar 15% over new year period
Central Restaurants Group (CRG) anticipates a significant increase in sales within the Thai restaurant industry during the new year festive season, driven by a boost in dining out and a rise in foreign tourist numbers. This optimism comes as Thailand records approximately 33.5 million foreign visitors from January to mid-December. Leading the arrivals are Chinese tourists, numbering 6.4 million, followed…
- Guides
Fuel your business growth with international recruiting services
Finding the right people is one of the most crucial problems that many organisations face today. For companies operating in fast-paced environments such as those in Thailand, Malaysia, Singapore, and beyond, finding competent personnel who fit with corporate objectives is vital for long-term success, hence the need for international recruiting services. This is where ADI Resourcing comes in as a…
- Phuket Travel
Connect Responsibly with sustainable meetings at Four Points by Sheraton Phuket
Four Points by Sheraton Phuket Patong Beach Resort, just a few steps away from the shorelines of Phuket’s sunset coast, is helping meeting planners to Connect Responsibly in Southern Thailand with an innovative new programme designed to maximise the business results of each event while minimising the impacts upon the planet. Launched by Marriott Bonvoy Events™, Connect Responsibly is a…
- Visa Information
Everything you need to know about SMART Visa in Thailand
If you’re thinking about working, starting a business, or simply enjoying the perks of living in Thailand, the SMART Visa might be the golden ticket you’ve been searching for. Designed for skilled professionals, entrepreneurs, and investors, the SMART Visa makes it easier for foreigners to live and work in Thailand while contributing to the country’s growing economy. The SMART Visa…
- Thailand News
Nissan Thailand denies complete shutdown, only partially
Nissan Motors is slashing jobs and scaling down operations in Thailand as it grapples with declining market share and increased competition from Chinese automakers. In a dramatic twist to its global restructuring plan, unconfirmed local reports suggest the Japanese car giant is planning to cut around 1,000 jobs in Thailand—part of a worldwide layoff affecting 9,000 employees announced earlier this…
- Thailand News
Thailand consumer confidence rises for first time in eight months
Consumer confidence in Thailand saw its first improvement in eight months this October, driven by reduced concerns over recent floods and improved economic conditions influenced by government policies. The University of the Thai Chamber of Commerce (UTCC) reported a rise in the consumer confidence index to 56, up from 55.3 in September. The consumer confidence index, which measures consumers’ outlook…
- Thailand News
Thai Drinks launches 100m baht campaign to boost local tourism
Thai Drinks Co Ltd, the producer of Crystal Drinking Water, announced a partnership with the Tourism Authority of Thailand (TAT) to launch a significant marketing initiative aimed at boosting domestic tourism. With an investment of 100 million baht, the campaign seeks to engage consumers by linking the consumption of Crystal water to the exploration of Thailand’s natural beauty. From October…
- Thailand News
Thailand’s public debt remains sustainable at 64% of GDP
The recent Cabinet meeting focused on the nation’s public debt status, revealing it remains well within sustainable limits. Public debt as of August reached 11.7 trillion baht, accounting for 64% of the country’s GDP, comfortably below the 70% benchmark for fiscal sustainability. Government spokesperson Jirayu Houngsub detailed during the meeting that the Finance Ministry adhered strictly to the public debt…
- Thailand News
Thailand seeks OECD membership for global economic standing
Thailand aims to elevate its global standing by seeking membership in the Organisation for Economic Co-operation and Development (OECD), as announced by Foreign Minister Maris Sangiampongsa. This move highlights the country’s strategic alignment with the OECD’s objectives, further underscored by the formal launch of Thailand’s OECD Accession Process. Maris shared these developments yesterday, October 30, during an event organised by…
- Business News
Thai deep tech startups generate over 965 million baht
The Higher Education, Science, Research and Innovation Ministry’s Programme Management Unit for Competitiveness (PMUC) has successfully fostered over 90 Thai deep tech startups, generating an economic value exceeding 965 million baht. PMUC Director Thongchai Suwansichon highlighted the unit’s role in leveraging university research to commercialise products that benefit the national economy. “The PMUC sees the potential of research work in…
- Business News
Thai execs ‘gen’-erate buzz, placing big bets on AI for success
In a bold business move, executives in Thailand are betting big on generative artificial intelligence (GenAI), catapulting it to the top of their corporate agendas, reveals a sizzling study by global CRM giant Salesforce. Amidst economic turbulence, Siddharth Rastogi, Salesforce’s vice-president for the ASEAN, insists it will work. “We’ve got the magic mix for AI adoption, thanks to the nation’s…
- Thailand News
Power play: B.Grimm sets sights on electrifying China and Greece
B.Grimm Power appears to be on a mission to take over the global energy scene, with China and Greece now in its sights. The Thai energy giant is exploring renewable projects in these two countries, aiming to add several hundred megawatts to its portfolio. CEO Harald Link teased the plans but kept most details under wraps, stating that talks were…
- Business News
Thai business group demand rate cut to keep exports afloat
Thailand’s leading business group called for an urgent reduction in interest rates, reflecting growing concerns about the impact of a rapidly appreciated baht on exports. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) chairman, Sanan Angubolkul, highlighted the urgency for the Bank of Thailand (BoT) to adjust rates, aligning with the government’s repeated calls for monetary easing. Markets…
- Thailand News
Milking it: ThaiBev pours 18 billion baht into dairy, drinks expansion
ThaiBev Group plans to invest 18 billion baht in 2025, more than doubling its annual investment, focusing on strengthening its non-alcoholic beverage and dairy businesses, including establishing a dairy farm in Malaysia. ThaiBev Group, led by CEO Thapana Sirivadhanabhakdi, announced a significant investment increase to 18 billion baht for the fiscal year 2025, which spans from October to September 2025.…
- Thailand News
Thailand’s bold plan to regulate sex work sparks heated debate
Thailand Prime Minister Paetongtarn Shinawatra’s government is stirring up controversy with a proposal to develop an entertainment complex aimed at formalising underground businesses—sex work included. The plan is designed to bring these industries into the formal economy, making them taxable, and, in the long term, funding welfare programmes in education, public health, and infrastructure. But the proposal has ignited a…
- Thailand News
Reel deal: Thai man is squids in with government digital wallet
Among the many recipients of the government’s digital wallet handout is a 66 year old Thai man who transformed his share into a thriving small business selling grilled squid. State welfare cardholder Suwit Inrat, also known as Uncle Ood, received the handout money via his Krungthai Bank account around 2am today, September 27, prompting Suwit to spring into action. With…
- Thailand News
Mortgage growth in Thailand hits 23-year low at 1.2%
Kasikorn Research Center (K-Research) projects a mere 1.2% growth in mortgages within the commercial banking sector this year, marking the lowest expansion rate in 23 years. This subdued growth is largely due to the weakened purchasing power of potential homebuyers. According to Kanjana Chockpisansin, head of banking and financial sector research at K-Research, the second quarter of 2024 saw commercial…
- Thailand News
Bangkok delists more than 10,000 inactive companies
The Department of Business Development (DBD), under the Ministry of Commerce, announced the removal of 11,515 companies from the Bangkok business registry. The announcement, dated September 2 and 16, cited two primary reasons for this action. The first reason involves 8,420 companies that have not submitted their financial statements for three consecutive years, leading to the assumption that these companies…
- Thailand News
DSI pursues charges over 1 billion baht fraud at Ananda subsidiary
The Department of Special Investigation (DSI) initiated legal proceedings against former board members of a subsidiary of Ananda Development for violations of the Securities and Exchange Act, following the discovery of over 1 billion baht in damages. Through its Financial and Money Laundering Case Division, the DSI submitted case file No. 7/2021 yesterday, September 24, regarding Ananda Development Public Company…
- Crime News
Grilling it illegally: Immigration cops catch foreign ‘meat’ deliverers
Immigration police in Samut Prakan arrested three foreign nationals operating an illegal grilled pork delivery business. The suspects were caught preparing pork, vegetables, and dipping sauces for delivery to customers, violating laws prohibiting foreigners from competing with Thai workers. Yesterday, September 24, Police Colonel Sumet Janwongpitak, the superintendent of the Samut Prakan Immigration Office, led a team to inspect a…
- Thailand News
Southern Industrial Council opposes 400 baht minimum wage rise
The Southern Industrial Council opposes the proposed 400 baht minimum wage increase, advocating for region-specific adjustments instead. Businesses face high costs for electricity and oil, alongside competition from Chinese investments. Adisorn Tanaengchuan, President of the Southern Industrial Council and executive member of the Federation of Thai Industries (FTI), expressed concerns regarding the Labour Wage Committee’s meeting today to consider the…
- Thailand News
UK signs pivotal trade and investment deal with Thailand
The United Kingdom government has finalised a significant trade and investment agreement with Thailand, marking the first such deal since the Labour government assumed office in July. Commerce Minister Pichai Naripthaphan and UK Trade Minister Douglas Alexander signed the enhanced trade partnership agreement in Bangkok yesterday, September 18. The deal seeks to eliminate specific trade barriers, focusing on sectors such as…
- World News
Emirates takes luxury to new heights with fragrance collaboration
Emirates is soaring to new heights, unveiling its latest luxury enhancement—a first-of-its-kind partnership with Irish organic beauty brand VOYA. Launching aboard First and Business Class, Emirates teamed up with VOYA to create bespoke Eau de Toilette fragrances, marking a new chapter in its premium travel experience. With sophistication and understated luxury at its core, this exclusive range is VOYA’s first-ever…
- Thailand News
Langham’s latest hotel to transform Bangkok’s Customs House
Langham Hospitality Group is set to turn heads in Bangkok with its latest luxury venture, The Langham, Customs House, Bangkok. Set in the vibrant Bang Rak district, this glamorous new hotel will breathe new life into the city’s iconic Customs House, perched along the Chao Phraya River. At the heart of this project is the magnificent 1888-built Customs House, a…
- Pattaya News
Pattaya gears up for 61st OSEAL Lions Forum this November
The Pattaya Area Sponsorship Procurement Committee convened an important meeting yesterday at the Chanyut and Friends Law Office, situated at the Pattaya Central Red Light Intersection. The gathering was presided over by Chanyut Hengtrakul, the former Secretary to the Minister of Education, who now leads the committee. Discussions centred around the upcoming 61st Orient and Southeast Asian Lions Forum (OSEAL)…