business

  • 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…

  • 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

    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…

  • 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

    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

    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 SE Asia’s top hub for international concerts

    Aiming to transform Thailand into Southeast Asia’s leading festival and international concert hub, the government plans to engage with top record companies and concert organisers for global artists. Discussions will focus on the challenges and advantages of hosting such large-scale events in Thailand and how conditions can be optimised. Tourism and Sports Minister Sudawan Wangsuphakijkosol emphasised that the government’s objective…

  • 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

    Hong Kong bolsters business links with SE Asia and Middle East

    Hong Kong is set to intensify its business ties with Southeast Asian and Middle Eastern nations, as part of its contribution to China’s Belt and Road Initiative. Nicholas Ho Lik-chi, the Commissioner for Belt and Road, has identified Malaysia, Thailand, Indonesia, Vietnam, the United Arab Emirates and Saudi Arabia as key cooperation partners for the year ahead. Ho Lik-chi oversees…

  • 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

    Leading the way to the next era with ‘CRC OMNI-Intelligence’

    Yol Phokasub, Chief Executive Officer of Central Retail Corporation Public Company Limited or CRC, said “Central Retail continues to have strong growth amid various disruptions from technology disruption and the change in consumer behaviour to the arrival of generative AI and climate change. This is a result of Central Retail’s resilient ecosystem, which allows us to be able to adapt…

  • 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…

  • Search Engine Marketing (SEM)

    Boost your small Buisness: Master PPC advertising in simple steps

    Navigating the marketing landscape as a small business can seem daunting, especially when you’re up against bigger competitors. But what if there’s a way to level the playing field? PPC advertising, or pay-per-click, offers just that opportunity. By enabling you to display ads to your target audience with precision, it’s a strategy that can significantly boost your visibility online. PPC…

  • Digital Marketing

    Maximizing business growth: A case study on the impact of video marketing

    People today live their lives through the internet, so it can be hard for companies to stand out. Businesses are often left scratching their heads for an edge when they use old-fashioned marketing methods that feel tired and predictable. But out of all the digital noise, one strong force has emerged: video marketing. From the point of view of an…

  • Social Media Marketing (SMM)

    The potential of user generated content in social media marketing

    User generated content (UGC) is a new thing that has changed the game on social media. Businesses are changing how they market online because of this type of material, which is made by regular people instead of brands. The user generated content is content that is made by users, like regular people who show support for a brand. There are…

  • Business News

    Bank of Thailand urged to slash interest rates amid economic struggle

    Pressure is mounting on the Bank of Thailand to ease the economic strain on small and medium-sized enterprises (SMEs) by slashing interest rates on commercial bank loans. Pichai Naripthaphan, deputy chairman of the Pheu Thai Party‘s strategies and politics committee and an advisor to Prime Minister Srettha Thavisin, argued that the central bank needs to acknowledge the real-world challenges people…

  • Business News

    Hong Kong court orders liquidation of China’s indebted developer Evergrande

    China’s most indebted property developer, China Evergrande, was ordered to liquidate by a Hong Kong court today, a move that could potentially destabilise the already trembling Chinese capital and property markets. The liquidation process could be intricate due to the multiple authorities involved and the potential political implications. Following the order for liquidation, a provisional liquidator will be appointed, followed…