business
Business news in Thailand, covering market trends, trade developments, and corporate affairs.
- Thailand News
Ministerial bling: Pichai denies link to 26 million baht necklace rumour
Commerce Minister Pichai Naripthaphan has stepped forward to address recent rumours surrounding a 26.44 million baht diamond necklace, after reports suggested it was in the possession of a high-ranking government minister with the initial “P”. The necklace, a stunning piece from Lotus Arts De Vivre, is the Zambian Emerald & Diamond Necklace, valued at 26.44 million baht, and was reportedly…
- Phuket News
No vacation panic: Phuket hoteliers stay cool on visa cut fears
Phuket hoteliers are not overly concerned by the government’s potential move to shorten visa-free stays for tourists, despite concerns that it might impact the local tourism industry. According to Suksit Suvunditkul, Thai Hotels Association’s southern chapter chief, the average length of stay for European guests is only around two weeks, while those seeking longer stays typically opt for condominiums. “If…
- Visa Information
Your guide to obtaining a work visa in Thailand
We all know that Thailand is a tourist magnet, with more than 35 million people visiting the country in 2024. But did you know that it’s also a hotspot for digital nomads, retirees , and corporate professionals looking to make a living? If you’re one of them, then there’s one crucial thing you need to sort out, and that is…
- Thailand News
Thai tourism ministry cracks down on foreign-led tour businesses
The Ministry of Tourism affirmed its commitment to investigating foreign businesses and nominee operations in key tourist areas. In 2024, 40 licences were revoked. The ministry insists that tour companies and guides must be Thai. Natreeya Thaweewong, the permanent secretary of the Ministry of Tourism and Sports, yesterday, March 16, addressed concerns raised by a former Phuket MP regarding foreign…
- Thailand News
Lufthansa sets sights on Thailand as expansion takes off
The Lufthansa Group is focusing on expanding its operations in Asia and Thailand, while also diversifying into non-airline businesses. Carsten Spohr, chief executive of the group, highlighted that Thailand is not just a tourism hub but also a lucrative business destination. The demand for cargo from Thailand is rising, and the Asia-Pacific region is the fastest-growing market for maintenance, repair,…
- Business News
Thailand tightens foreign business laws to curb nominee practices
Thailand has several laws regulating the entry and activities of foreigners, as detailed by Auramon Supthaweethum, Director General of the Department of Business Development (DBD). The Immigration Law permits temporary residence, and the Alien Employment Act allows temporary employment, subject to permits and exceptions for banned occupations. The Foreign Business Act of 1999 restricts certain businesses to protect Thai interests,…
- Thailand News
Tiktok to invest 300bn baht in Thai tech hub development
TikTok plans to invest approximately 300 billion baht in Thailand over the next five years to transform the country into an ASEAN technology hub. The decision emerged from discussions yesterday, February 28, between Helena Lersch, TikTok’s vice-president of public policy, and Prime Minister Paetongtarn Shinawatra in Bangkok, as reported by Government Spokesperson Jirayu Houngsub. Lersch expressed appreciation for the Thai…
- Thailand News
Thai Airways reports huge loss but promises strong comeback
Thai Airways International has assured stakeholders that its massive loss for fiscal year 2024 is due to a one-off debt-to-equity conversion and will not hinder its operational performance or planned exit from its rehabilitation programme. The airline reported a staggering loss of 26.901 billion baht, primarily caused by a one-time accounting loss of 45.271 billion baht from the debt-to-equity conversion completed…
- 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…
- Finance
A2D Ventures partners with The Urban Office to boost Thailand’s startup ecosystem
A2D Ventures, a leading early-stage venture capital firm and angel investing platform in Southeast Asia, is proud to announce the launch of Venture Spark, an accelerator programme aimed at accelerating Thailand’s startup ecosystem. In partnership with The Urban Office, the initiative is designed to provide Thai startups with access to world-class mentorship, state-of-the-art resources, and a collaborative environment, ensuring their…
- 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…
- 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…
- 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…
- 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…
- 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
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…
- 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…
- 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…
- 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…
