business

  • Business News

    Foreign business as usual: Thailand schools diplomats on investment

    The Department of Business Development in Thailand hosted a briefing for diplomats and international organisation representatives to clarify the Foreign Business Act (FBA) of 1999. The objective was to educate foreign investors on the law to ensure compliance and proper investment practices in Thailand. The Director-General of the Department, Auramon Supthaweethum, stated that the meeting aimed to help foreign investors…

  • Business News

    Thailand’s future depends on nurturing innovative talent

    Thailand’s future hinges on becoming a dynamic centre of innovative talent and progress. The pivotal element in realising this vision lies in securing the right talent—those who bring ideas to life and spearhead transformative change. Throughout a lengthy career, it has been evident that exceptional talents do not merely meet expectations, they redefine them. Good performers play their roles well,…

  • Lifestyle

    The pros and cons of participating in the gig economy

    With the rise of the gig economy, more people these days are choosing to work as independent contractors and freelancers. Since it provides flexible, temporary work options and introduces a fresh viewpoint on autonomy and work-life balance, it is revolutionising the traditional job market. However, because it has less job stability and typical employment benefits, it raises questions about equality…

  • Thailand News

    BrewDog’s Bangkok expansion: What this means for Thai nightlife

    Multinational brewery and pub chain BrewDog is shaking up the Bangkok bar scene with its latest announcement, partnering with Atalanta Hospitality to open its first bar in Thailand, part of a major push into the Asian market. BrewDog, known for its edgy branding and innovative brews, currently operates over 100 bars and hotels worldwide. Last year, it ambitiously unveiled plans…

  • Search Engine Marketing (SEM)

    What a marketing agency can do for business startups

    Get ready to launch your startup into the stratosphere by teaming up with a marketing agency! Imagine diving into an industry projected to explode to a whopping 786 billion by 2026 – this is where you want to be, and guess what? With the digital world buzzing, snagging some top-notch marketing smarts isn’t just smart; it’s absolutely essential. Picture an…

  • Business News

    KBank restricts digital personal loans to refine business model

    Kasikornbank (KBank), known for its leading mobile banking services, has strategically slowed down its digital personal loan operations. The move aims to refine its business model and enhance the quality of its loan products, according to its Chief Executive Kattiya Indaravijaya. Kattiya revealed that there is no specific timeline for the completion of the business model improvement. However, she assured that…

  • Business News

    Thai energy business reports 2.6% decline in Q1 fuel consumption

    The Department of Energy Business (DOEB) reported a 2.6% decline in fuel consumption in the first quarter of the year, amounting to 156.7 million litres per day. This decrease is attributed to the expiration of the capped price policy. The Director General of DOEB, Sarawut Kaewtathip, noted a rise in the daily average volume of jet fuel and liquefied petroleum…

  • Business News

    Citi expands medium-sized business operations in Thailand, Asia

    International bank Citi is set to aid the expansion of medium-sized businesses in Thailand and Asia. The move comes as economies in these regions experience high growth rates, presenting lucrative opportunities for companies to penetrate overseas markets. The managing director and head of Citi Commercial Bank (CCB) for Asia North, Australia, and Asia South, Gunjan Kalra, highlighted Asia’s rapid economic…

  • Guides

    Top profitable business opportunities booming in Thailand

    For individuals possessing a profound interest in the dynamic sphere of business startups, especially within the entrepreneurial landscape of Thailand, this article serves as a vital resource. Thailand surpasses its image as a haven for beach enthusiasts, establishing itself as a hub of creativity and innovation. Within this context, a diverse range of startups is thriving—from pioneers in technology to…

  • Guides

    Navigating the differences between Thai and Western work cultures

    Exploring the core of global diversity prompts one to consider the distinct disparities between Thai and Western work cultures. This examination is not merely an insight into workplace practices but also a deep dive into the essence of cultural identity and its significant influence on daily life. For individuals intrigued by the subtleties of international work environments or contemplating a…

  • Thailand News

    AirAsia ventures into aviation consulting and planning

    AirAsia is looking to expand its horizons beyond Southeast Asia by stepping into the realm of aviation consulting and planning. This strategic move comes as a part of a larger plan to separate its non-aviation ventures from its core aviation business. Tony Fernandes, the chief executive of Capital A, disclosed that a conditional sales and purchase agreement has been finalised…

  • Guides

    The real cost for startups in Thailand unveiled

    Initiating a startup venture in Thailand offers a compelling opportunity, particularly given the nation’s potential for innovation and expansion. The attraction of establishing a business in Thailand, famously known as the Land of Smiles, is significant, attributed to its comparatively low startup costs relative to other nations. However, what does the financial landscape entail for emerging entrepreneurs? Upon exploring the…

  • Thailand News

    Thai agencies launch e-system to streamline corporate data

    The Thai Chamber of Commerce, the Office of the Public Sector Development Commission (OPDC), and the Business Development Department have collaborated to implement an electronic system streamlining corporate data. This highly anticipated paperless system is projected to save residents and entrepreneurs up to 7 billion baht annually. Sanan Angubolkul, the chamber’s chairman, stated that the project eliminates the need for…

  • Thailand News

    Bangkok crab business owner seeks justice amidst false claims

    The owner of the clear-sky crab business in Rama 2, went to Tha Kham Police Station to file a complaint at 10.30am today. This action followed allegations of fraud and physical abuse of a child, which also involved the police station. Kanthasut Pongpaiboonwetch, also known as Kan Jomphalang, accompanied by 45 year old Rachot Kamrod, stated his intention to help…

  • Business News

    Bangkok and JETRO Review 2023 economic trends of Japanese ventures in Thailand

    Bangkok discusses JETRO presenting the results of a survey of economic trends of Japanese joint venture companies in Thailand in the second half of 2023 towards the development of Bangkok as a city of economy and hope. Sanon Wangsrangboon, Deputy Governor of Bangkok welcomed Jun Kuroda, Chairman of Japan External Trade Organization, Bangkok: JETRO Bangkok to present the results of…

  • Press Room

    Techysquad teams up with Centroid Solutions

    Techysquad, a leading provider of Forex CRM solutions, is proud to announce its recent partnership with Centroid Solutions, a prime provider of connectivity for multi-asset brokers. This collaboration unites the know-how and resources of both fintech firms to deliver enhanced technology to multi-asset brokers. Through its partnership, Techysquad aims to empower brokers with a complete solution that provides them with…

  • Phuket News

    Patong businesses deny service refusal to Thai nationals

    The vibrant tourist hotspot of Patong in Phuket has come under scrutiny amid allegations circulating on social media platforms. Claims suggest that certain local businesses have been denying service to Thai nationals. In response to these allegations, Weerawit Kreuasombat, the President of the Patong Entertainment Business Association (PEBA), has stepped forward to speak on behalf of the businesses in question.…

  • Thailand News

    Thai prime minister graces TIME cover, signaling business revival

    In an assertive move to announce Thailand’s readiness for business, TIME magazine featured Thai Prime Minister and Minister of Finance, Srettha Thavisin, on its March cover The issue hit the newsstands yesterday, capturing the attention of the international community. In a poignant declaration to the world, the 62 year old former real estate tycoon, graced TIME’s cover under the title…

  • Business News

    Delta Electronics to invest US$1 billion in manufacturing and R&D

    Delta Electronics (Thailand), the nation’s premier electronics firm by market capitalisation, is primed to inject between US$500 million and US$1 billion in a bid to enhance its manufacturing and research and development (R&D) capabilities over the next five years. A significant portion of this investment is earmarked for Thailand, disclosed CEO Victor Cheng. Cheng revealed that the capital expenditure surpassing…

  • Business News

    Thailand risks losing satellite orbit rights at 50.5° East due to vacancy

    Thailand’s entitlement to utilise the satellite orbit at 50.5° East may be revoked following its expiration in 2025 due to its prolonged vacancy. There’s speculation in the industry that the upcoming auctions for the unclaimed orbit slots at 50.5° and 142° E by the National Broadcasting and Telecommunications Commission (NBTC) might not be successful. This is due to the expectation…

  • Press Room

    Shining bright in 2023,Techysquad foresees an epic 2024

    Techysquad, a technology company with a track record of more than 10 years of innovation and development, saw a spectacular 2023 marked by exciting product releases, stellar partnerships and global industry recognition. The technology firm stole the spotlight at several major IT and fintech events, strengthening its foothold in the constantly evolving technology realm. Acclaimed for its broker-specific CRM solution,…

  • Thailand News

    Citi Thailand’s transformative era under Narumon’s leadership

    The bustling financial landscape of Thailand is witnessing a transformative era under the leadership of 52 year old Narumon Chivangkur. With an enviable career spanning 28 years at Citi, she currently holds the esteemed positions of Citi Country Officer (CCO) and Banking Head of Citi Thailand. Her journey reflects not only her professional dedication but also her unique blend of…

  • Business News

    True Corporation and AIS to review auction of key spectrum bands

    True Corporation and Advanced Info Service (AIS), both leading mobile phone service operators, are gearing up to review a draft concerning the auction of three key spectrum bands, 850 megahertz, 2100MHz and 2300MHz. The draft is set to be completed by the National Broadcasting and Telecommunications Commission (NBTC) by June. The impetus behind this action is to secure a sufficient…

  • Business News

    EGCO to utilise Indonesian petrochemical operations for clean energy development

    Electricity Generating (EGCO), the power generation subsidiary of the Electricity Generating Authority of Thailand (EGAT), plans to utilise its petrochemical operations in Indonesia to foster clean energy development, with a particular focus on hydrogen fuel. EGCO secured a 30% stake in PT Chandra Daya Investasi (CDI), a division of Indonesia’s largest integrated chemical and infrastructure solution provider, PT Chandra Asri…

  • Thailand News

    Over 400 Thai firms suspected of foreign nominee operations

    An inspection by the Business Development Department has revealed that over 400 firms across Thailand’s major tourist hotspots may be operating under foreign nominees. The firms under scrutiny are located in bustling provinces including Phuket, Bangkok, Chiang Mai, Surat Thani, and Chon Buri. The businesses investigated span various sectors, such as tour guides, restaurants, car rentals, hotels, and real estate.…

  • Business News

    Commerce Ministry sees business boom: Registrations set to soar

    The Business Development Department of the Commerce Ministry foresees a positive trend in new business registrations for the year. The projection rides on the anticipated recovery of the tourism sector, thriving e-commerce, and the burgeoning electric vehicles (EV) market. In the first couple of months of 2024, new business registrations have seen a 1.57% increase, reaching a total of 17,270.…

  • Business News

    Sena unveils rent-to-own strategy to tackle mortgage rejections

    Sena Development, a publicly traded property developer, revealed new plans this month to rent and transfer ownership of its unsold condo units. This move is in response to a high rate of mortgage rejections. The company aims to enhance sales and revenue in the current year. Kessara Thanyalakpark, the managing director, stated that the innovative strategies would target two distinct…

  • Business News

    ThaiBev intensifies commitment to sustainable growth

    Thai Beverage Plc (ThaiBev) is stepping up its commitment to sustainable development, implementing strategies that encompass all facets of its business operations. The company’s Executive Vice President and Chief of Sustainability and Strategy, Tongjai Thanachanan, outlined the firm’s commitment to achieving sustainability through a comprehensive approach, known as Enabling Sustainable Growth (ESG). This approach encompasses environmental, social, and governance goals.…

  • Business News

    Energy Absolute CEO runs for top spot in FTI

    The race for the top position at the Federation of Thai Industries (FTI) has heated up, as vice-chairman Somphote Ahunai, also the CEO of Energy Absolute, a company specialising in renewable energy and electric vehicles, has thrown his hat into the ring. The FTI, a significant body in Thailand, boasts a membership of over 15,000 nationwide. The current chairman, Kriengkrai…

  • Press Room

    Libertex: once a leader, always a leader

    The leading CFD broker part of Libertex Group that has been shaking the retail trading space for over two decades stands out as a beacon of innovation and excellence. Libertex, a name revered by millions of traders worldwide for more than 25 years continues to hold a prominent position in today’s retail trading industry. The brand has demonstrated an unshakable…