business
- Thailand News
Thailand hotel room rates soar by 15% amid travel demand surge
Hotel room rates in Thailand increased by an average of 15% from 2023, as reported by SiteMinder, an e-commerce platform assisting hotels with direct and third-party bookings. This growth distinguishes Thailand as the only country with double-digit expansion. The Hotel Booking Trends report from SiteMinder, which analysed over 125 million reservations, indicates that the average daily rate (ADR) in Thailand…
- Thailand News
Single Thais impact wedding industry with shifting social values
A growing number of Thais are opting to stay single, with reasons cited including evolving social values, financial constraints, and mismatched expectations. This trend is impacting businesses associated with romance, such as wedding planners and florists. In 2023, a survey by the National Statistical Office found that one-fifth of Thais were single. Within the reproductive age group of 15 to…
- Thailand News
Last call for change: Businesses push to end 2-5pm booze ban
Hotels and businesses selling alcohol have urged the government to abolish the restriction on alcohol sales between 2pm and 5pm. They argue that this regulation is outdated and no longer relevant. This request coincides with the progression of a bill amending the alcohol beverages control law, which is poised to advance to its second and third readings in the House…
- Events
HKTDC unveils 7 LifeStyle Trade events in April
The Hong Kong Trade Development Council (HKTDC) will unveil the 7 LifeStyle Trade Events, covering gifts, houseware, fashion, printing and packaging, and licensing from April 27 to 30. With the latest products and trends on display under one roof, the events will feature a selection of lifestyle products and services from around the world, maximising and diversifying buyers’ sourcing in…
- Thailand News
MK Group goes MongKol: Thai hotpot chain’s CNY rebrand
In a sizzling marketing twist, Thailand’s leading Suki restaurant chain, MK Group, embraces the cultural phenomenon of “muketing” by rebranding four Bangkok branches to “MongKol” restaurants just in time for Chinese New Year. Muketing, a fusion of marketing and the Thai term mutelu (beliefs and superstitions), integrates lucky symbols, colours, and auspicious timings into business strategies. MK Group’s new MongKol branding,…
- Lifestyle
Royal Orchid Sheraton Riverside Bangkok’s shapes the future with new MICE spaces
Royal Orchid Sheraton Riverside Hotel Bangkok will play a pivotal role in the future of Thailand’s meetings, incentives, conferences, and exhibitions (MICE) sector in 2025 and beyond. This follows a comprehensive renovation of the the renowned hotel’s conference and banqueting facilities, including an entire floor of riverside meeting space. Located opposite luxury lifestyle complex ICONSIAM on the banks of the…
- Social Media Marketing (SMM)
Best social media marketing tools to boost your online presence (2025)
Social media… so important for your business, yet so endlessly demanding. You’re creating content, scheduling posts, analysing metrics, and maybe even juggling multiple social platforms. But sometimes, despite all that effort, your posts barely get any reach, no engagement, and worst of all, no sales. The good news is that just as social media has evolved, so have the tools…
- Social Media Marketing (SMM)
Boost your business in Thailand: 5 powerful benefits of using BoostedByPeople
As a business owner in Thailand, you know how tough it is to stand out online. Ads get skipped, scrolled past, or flat-out ignored. People are more sceptical than ever about what they see on their feeds. And even when you manage to capture attention, earning trust can feel like an uphill battle. So, how can you cut through the…
- 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
From seed to fortune: The Chearavanont family’s billion-dollar rise
What started as a humble seed shop in Bangkok has blossomed into one of the world’s wealthiest empires. The Chearavanont family, with a staggering net worth of US$44.1 billion (approximately 1.5 trillion baht), ranks 19th on Bloomberg’s list of the 25 richest families globally. Here’s how they did it. A century ago, brothers Chia Ek Chor and Chia Siew Whooy…
- 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…
- 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…
- Business News
Thailand’s business community urges govt for festive financial jolt
As the new year approaches, Thailand’s business community is pulling no punches in calling for urgent government intervention to jump-start the economy. With suggestions ranging from tax breaks to debt relief, industry leaders are clamouring for robust stimulus measures to invigorate growth. Nath Vongphanich, President of the Thai Retailers Association, is at the forefront of this push, advocating for a…
- 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
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…
- Best of
Top 5 accounting firms in Thailand 2024
Accounting is one service you can’t do without if you own a business in Thailand. A good accounting firm helps you manage critical financial tasks, such as calculating your withholding TAX and VAT and completing your financial statements. Plus, they also ensure that you comply with Thai law. In addition to keeping the numbers in line, an accounting firm can support…
- 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…
- 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…
- Environment News
Green dreams: EU-ASEAN leaders forge path to eco-future
Top EU-ASEAN business leaders and cooperation agencies came together for a high-powered Partners’ Dialogue forum to tackle the opportunities and challenges of ASEAN’s green transition. The event was hosted by none other than the European Union’s Ambassador, H.E. Sujiro Seam. Representatives from EU-ASEAN institutions, member states, businesses, and cooperation agencies gathered to share insights and experiences on ASEAN’s journey towards…
- 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.…
- Digital Marketing
Drive sales and impact with influencers & social users – no high costs, thanks to BoostedbyPeople.com
If your business finds it harder to stand out online, you’re not alone. Having a business in 2024 means you can’t afford not to have a strong online presence. However, many businesses are stuck in a rut, unable to find the right formula to make their efforts effective. Some fail to generate traffic at all, others struggle to convert their…
- Business News
Thailand’s local businesses get a global boost: It’s time to trade up
Strengthening Thailand’s local businesses to compete on the global stage could be a game-changing strategy for revitalising the national economy, according to Bank of Thailand Governor Sethaput Suthiwartnarueput. Sethaput is advocating for the implementation of “globally competitive localism,” a concept that leverages the strengths of local entrepreneurs, such as cultural assets, to create value-added products and services. This, he believes,…
- 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
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…
- Pattaya News
Bikers gang smash LED, sabotages Pattaya’s go-go scene
In a shocking act of vandalism, a gang of masked bikers unleashed a violent attack on a mobile LED advertising truck in Pattaya, causing a staggering 100,000 baht in damage. The brazen assault, which occurred on Monday night, September 23, saw four to five young men on unlicenced motorcycles armed with metal rods, smashing the truck’s LED display to pieces.…
