business
- Business News
ExxonMobil projects 10% sales rise in Thailand’s lubricants market
ExxonMobil Marketing, Thailand, projects a 10% rise in sales of its flagship product, Mobil 1 lubricants, this year, ensuring its continued role as a prominent player in the finished lubricants and chemical marketing industry in Thailand. This follows Bangchak Corporation’s acquisition of a 65.99% stake in oil retailer Esso (Thailand) Plc from ExxonMobil Asia Holdings Pte last year, consequently leaving…
- 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
A match made for success: Libertex’s lucrative IB programme
Libertex, a market player with a resonant name in the global CFD trading arena, creates infinite opportunities for IB Partners in Thailand. Global CFD industry leader Libertex has built a reputation for being a trendsetter. With a long-standing tradition rooting back to 1997, the broker is known to create a space that fosters growth for everyone involved in online trading. …
- 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…
- Thailand News
Wallaya Chirathivat shapes Thailand’s retail industry
Thailand’s retail industry has been dramatically shaped by the innovative leadership of Wallaya Chirathivat, the President and Chief Executive Officer of Central Pattana Plc (CPN). As the head of one of the country’s most influential retail and property development firms, Wallaya’s strategies have led to significant advancements in the retail sector and her achievements have been recognised both locally and…
- 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
Thai retail sector struggles despite tax incentives and tourist spending
Despite increased spending by tourists and tax incentives to encourage buying, Thailand’s retail sector is under strain. The sector, facing the challenges of a surge of substandard goods from China, is burdening local entrepreneurs. Thai Retailers Association Vice President Chatchai Tuongratanaphan predicts a growth of only 1-2% in the retail sector for the first half of the year. This is…
- 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
AWC plans 36 billion baht investment in high-end tourism
Asset World Corp (AWC), a Stock Exchange of Thailand (SET)-listed company, maintains a positive outlook on high-spending tourists and outlined plans to invest in projects estimated at 36 billion baht (US$1 billion) this year. Wallapa Traisorat, AWC’s chief executive and president, highlighted Thailand’s potential to attract high-spending tourists from regional competitors through quality property development, specifically hotels in partnership with…
- 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…
- Business News
Centel posts impressive Q4 results with 9% revenue increase
Central Plaza Hotel Plc (Centel), known for operating Centara Hotels and Resorts, posted an impressive financial performance for the fourth quarter of 2023, with a total revenue of 6.02 billion baht marking a 9% increase year-on-year. The company’s yearly revenue for 2023 was also positive, amounting to 22.5 billion baht. This represented a significant growth of 24% or a revenue…
- Business News
Thailand aims to become Southeast Asia’s data centre hub
The Thailand Data Centre Council (TDCC) is pushing to establish Thailand as the central hub for data centres in Southeast Asia in the next three years, amid rising competition with foreign data centre providers joining the market. From the United States, Japan, China, Singapore, Malaysia, Australia, and India, global cloud data centre operators are turning their investment focus towards Thailand.…
- Business News
Thailand’s green utility tariff implementation faces SME hurdles
The Energy Regulatory Commission (ERC) of Thailand has estimated a two-year time frame for full implementation of the recently launched green utility tariff (GUT). This tariff, aimed at regulating renewable power prices, is a significant leap towards the global pushback on carbon-intensive manufacturing. However, businesses, particularly small and medium-sized enterprises, and some state entities have expressed unpreparedness to adopt the…
- Business News
Thai govt to review ASEAN-China FTA amid business concerns
The Trade Negotiations Department and Team Thailand, a government body focused on bolstering economic growth, have been directed by the Commerce Ministry to undertake a comprehensive study of products under the ASEAN–China Free Trade Agreement (ACFTA). This comes in response to concerns over the surge of low-cost Chinese goods in the domestic market. Commerce Minister Phumtham Wechayachai announced the ministry’s…
- Business News
Thai export growth projected at 2-3% amid global economic recovery
The UTCC (University of the Thai Chamber of Commerce) predicted a revival in exports, projecting a growth of 2-3% for the year, which equates to a value between US$290-293 billion. This shows a significant improvement from the 1% contraction experienced in the previous year. The UTCC’s president, Thanavath Phonvichai, attributed this predicted resurgence largely to the global economic recovery and…
- Business News
Revenue department develops data analytics to combat tax invoice fraud
The Director-General of the Revenue Department, Kulaya Tantitemit, announced the development of a data analytics system aimed at helping entrepreneurs integrate into the tax payment system and fight against falsified tax invoices. This announcement was made during a press conference alongside the Economic Crime Suppression Division. Five gangs responsible for the production of fake value-added tax (VAT) invoices have been…
- Thailand News
Mike Tyson’s Thailand high: The cannabis 2.0 comeback
In an exclusive interview with Mike Tyson, the boxing legend revealed his daring venture into Thailand’s cannabis market with Tyson 2.0, sparking both business strategy and personal mission. In a deep dive discussion, Tyson unveils the intertwined relationship between cannabis and combat sports, recounting his escapade in Thailand and the serendipity that spared him from the long arm of the…
- Thailand News
Daruma Sushi owner cleared of scam charges amid business collapse
The Criminal Court acquitted a 41 year old owner of the Daruma Sushi restaurant chain, of charges related to a coupon and franchise sales scam that allegedly caused hundreds of millions in damage. The court ruled that the mismanagement leading to the restaurant’s failure was not intentional or fraudulent. The verdict was delivered at 9am, today, February 15, at the…
- Business News
Charlton Media Group acquires Singapore’s Brand TD and expands into travel and tourism
Charlton Media Group, a leading name in business information, has officially announced its expansion into the travel and tourism sector. This strategic move comes with the acquisition of Brand TD from the reputable online news platform Travel Daily Media, known for its extensive coverage of the travel industry in Asia and beyond. Charlton Media Group, a leading provider of business…
- Business News
Thai industrial authority partners with Japanese firms for green utility project
The Industrial Estate Authority of Thailand (IEAT) is collaborating with Japanese firms, IHI Corporation and IHI Asia Pacific (Thailand) Co, on a green utility project at the Smart Park Industrial Estate in Rayong. The initiative, aimed at encouraging eco-considerate manufacturing, will involve a feasibility study on the development of renewable energy and green infrastructure. The study marks the first phase…
- Search Engine Marketing (SEM)
Top secrets to skyrocket your digital marketing success
In today’s fast-paced digital world, establishing a robust online presence is no longer optional for businesses; it’s imperative. With the competition only a click away, standing out and capturing your audience’s attention requires more than just being online. You need a game plan that not only increases your visibility but also engages and converts your audience effectively. That’s where proven…
