Business News
Thailand business news, market trends, foreign investment, and economic updates—stay informed on stock market movements, entrepreneurship, and key developments shaping the economy. Get the latest from The Thaiger, your trusted source for business news in Thailand.
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Sponsored Moving with family? Here’s how to cut health costs in Thailand
Relocating to Thailand with your family brings exciting new opportunities, but it also comes with the challenge of managing healthcare costs in a new system. Thailand has both public and private healthcare options, each offering different prices and quality of...
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Thai Airways cash turbulence: Will shareholders give a capital lift-off?
In a dramatic twist, shareholders of Thai Airways International (THAI) are in a heated debate over whether to pump more cash into the airline, despite its recent financial turnaround. With a shiny rehabilitation plan in place, which includes a bold proposal for capital injection, the airline’s comeback story is under the microscope. Central to this saga is the question of…
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Gartner’s tech-tacular 2025 trends: AI you ready for the future?
US technological research and consulting firm Gartner has unveiled the groundbreaking tech trends to dominate 2025, including AI imperatives, novel computing frontiers, and human-machine synergy. These trends promise to revolutionise organisations with responsible and ethical innovation, said Gartner VP analyst Gene Alvarez “Tracking these trends will help IT leaders shape the future of their organisations with responsible and ethical innovation.”…
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Tourism and gambling: The influence of Thai and Australian casinos on global travel
Tourism plays a major role in countries like Thailand and Australia. Admittedly, it’s more significant for the former, but the latter has been able to benefit in the past from the amount of foreign travel to the country that has been experienced. According to a report by Reuters, Thailand broke its record for tourism numbers and revenues in 2019. That…
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Thailand launches digital durian initiative to boost productivity
The Digital Economy Promotion Agency (DEPA) has launched the One Tambon, One Digital (OTOD) Digital Durian initiative, aiming to enhance the productivity of 8.8 million Thai durian farmers through digital platforms and innovative technologies. This project seeks to standardise Thai durian production, leveraging applications for improved recording, storage, and tracking of crop data. This strategic move is designed to tackle…
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Thailand plans 14 new floating solar farms to boost renewable energy
The Electricity Generating Authority of Thailand (EGAT) is pushing forward with the development of 14 new floating solar farm projects as part of its strategic efforts to increase renewable energy production. These projects, with a combined capacity of 2,656 megawatts, are set to be constructed on the reservoirs of seven hydroelectric dams under the latest national power development plan (PDP) for…
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Grain expectations: Thailand ‘rices’ to occasion with export boost
Thailand is on track to bolster its rice exports to 9 million tonnes this year, potentially generating 230 billion baht (US$6.4 billion), according to the Commerce Ministry. This optimistic projection follows the country’s successful export of 7.45 million tonnes in the first nine months, already yielding 172 billion baht (US$4.95 billion) in revenue. This marks a notable year-on-year increase of…
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Bangkok: Ratchadaphisek land listed for 11 billion baht sale
A prominent businessman has put a substantial parcel of land up for sale in the Ratchadaphisek area, valued at 1.5 million baht per square wah, amounting to over 11 billion baht. This prime location has attracted interest from Chinese investors keen on developing a hotel. Over 19 rai of land, located along Ratchadaphisek Road and near the Eastern Orange Line…
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Suvarnabhumi Airport to offer early check-in by February
Suvarnabhumi International Airport is set to introduce an early check-in service, allowing passengers to complete their check-in process up to 24 hours before departure. This initiative, announced on the Transport Ministry’s social media platform, is aimed at enhancing traveller convenience and reducing congestion at Thailand’s primary international gateway. Airports of Thailand (AoT) President Kerati Kijmanawat indicated that the service is…
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Hippo hooray: Moo Deng ‘charges’ up Chon Buri’s tourism boom
Chon Buri province is experiencing a significant boost in tourism revenue, largely due to the popularity of a baby pygmy hippo named Moo Deng. This charming young hippo, only four months old, has become a major attraction at the Khao Kheow Open Zoo. Governor Thawatchai Srithong announced that Chon Buri’s tourism-related revenue reached 27 billion baht (US$777 million) from July…
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SEC to charge violators to boost Thai stock market confidence
The Securities and Exchange Commission (SEC) is set to initiate legal proceedings against violators of the Securities and Exchange Act to bolster confidence in the Thai stock market. This decisive action highlights the SEC’s commitment to safeguarding investor interests and maintaining market integrity. According to Anek Yooyuen, SEC Deputy Secretary-General, the regulatory body will persist in addressing cases involving misconduct…
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Thailand boosts local content in industries amid US-China trade tensions
Finance Minister Pichai Chunhavajira is advocating for increased utilisation of domestic raw materials by businesses and the promotion of Thai ownership within supply chain companies. This initiative is part of a broader strategy to enhance the competitiveness of local industries by offering privileges through the Board of Investment (BoI). Pichai, serving as the chairman of the BoI, emphasised the importance…
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Thailand refurbishes coal units to ensure affordable power supply
Thailand is taking steps to ensure a stable and affordable electricity supply through the refurbishment of two coal-fired power generation units. The Electricity Generating Authority of Thailand (EGAT) plans to extend the service life of Units 8 and 9, located in Lampang, as part of its strategy to maintain low-cost electricity production. Refurbishing these units involves essential maintenance to boost…
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Thai businesses urged to monitor US trade policy under Trump
The Thai Wholesale and Retail Trade Association advises local businesses to closely watch global trade dynamics and the international economy in light of Donald Trump’s recent return to the White House. This call to attention comes amid concerns about potential shifts in US trade policy that could have far-reaching impacts. Somchai Pornrattanacharoen, serving as an honorary advisor to the association,…
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Thaicom 9A satellite repositioned to secure Thailand’s orbital rights
Thaicom is set to reposition an EutelSat satellite, now labelled Thaicom 9A, to the 50.5° East orbit. This move comes as the deadline to retain Thailand’s rights to the orbit approaches, expiring tomorrow, November 12. The satellite operator aims to ensure the country’s continued access to this orbital position by completing the relocation process within the stipulated timeframe. Last month,…
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Vietnam to block Shein, Temu if unregistered by November
Vietnam announced plans to take action against Chinese online retailers Shein and Temu by blocking their Internet domains and mobile applications if they fail to register their operations with the Ministry of Industry and Trade by the end of November. This development arises from concerns over the influence of these Chinese platforms on local markets, particularly regarding their aggressive discounting…
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Bitcoin hits record high after Trump’s US presidential victory
Bitcoin surged past US$81,000 (2.78 million baht) today, November 11, hitting a record high, following Donald Trump’s win in the US presidential election. The victory, alongside the election of pro-crypto candidates to Congress, has fuelled speculation about a more lenient regulatory landscape for cryptocurrencies. The digital currency has experienced a remarkable rise, more than doubling from its lowest point of…
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Thailand implements 8.36 billion baht plan to stabilise rice prices
The National Rice Policy and Management Committee has introduced three strategic measures to stabilise rice prices amidst concerns of potential oversupply during the harvest season. By maintaining a balance between demand and supply, these initiatives aim to prevent a price drop in this year’s rice crop. Commerce Minister Pichai Naripthaphan announced that the first measure entails an 8.36 billion baht…
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ERC mulls 31% electricity tariff hike despite lower fuel costs
Businesses and households are facing a significant decision regarding the future of their electricity costs as the Energy Regulatory Commission (ERC) considers changes to the power tariff. Despite a projected decrease in fuel costs, the ERC is evaluating whether to maintain the current rate or implement an increase of 26 to 31% early next year. The existing tariff, set at…
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THAI union fights to keep government out of airline’s rehab plan
Thai Airways International (THAI) staff are up in arms, rallying against what they see as an attempt by the government to seize control of the airline under the guise of a rehabilitation plan amendment. The airline’s labour union staged a peaceful but determined protest outside THAI headquarters yesterday, November 8, holding up placards and calling on creditors to reject the…
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Loy Krathong festival to generate 6.9 billion baht tourism revenue
Thailand’s Loy Krathong festival is set to boost the economy, with an expected 6.9 billion baht in tourism revenue from 1.9 million domestic trips, as reported by the Tourism Authority of Thailand (TAT). The northern region is forecasted to be the most popular destination, drawing the highest number of tourists. TAT Governor Thapanee Kiatphaibool projected a 9% increase in tourist…
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Thailand to register unregistered hotels in response to EU carbon rules
The Tourism and Sports Ministry is set to register unregistered hotels within a year, responding to the forthcoming EU Carbon Border Adjustment Mechanism (CBAM), which introduces strict environmental regulations. CBAM, starting in 2026, will impose carbon pricing on imports, impacting Thailand’s tourism sector if service providers fail to meet standards. Efforts are underway to host a global-scale trade show, such…
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Bangkok Bank backs bold India expansion for Thai businesses
Thai businesses have their sights set on India’s booming market, and Bangkok Bank is rolling out the red carpet to support this promising venture. With an eye on India’s rapid economic growth and vast population, the bank’s president, Chartsiri Sophonpanich, calls it “a golden opportunity” for Thai entrepreneurs eager to expand. India’s economy is powering ahead at an annual growth…
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Thailand powers up clean energy game with 3 new hydropower projects
Thailand is set to enhance its clean energy capacity with the development of three additional hydropower dams by the Electricity Generating Authority of Thailand (EGAT). These dams will function as substantial batteries, thanks to a 90-billion-baht (US$2.65 billion) investment aimed at bolstering the country’s electricity supply amid concerns about the intermittency of solar and wind power. Egat is currently conducting…
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Thailand leads ASEAN in gold demand growth amid record prices
Thailand continues to lead the ASEAN region in consumer gold demand growth, as reported by the World Gold Council (WGC). In the third quarter of 2024, Thailand’s gold demand surged by 11% year-on-year, reaching 14.5 tonnes, marking its second consecutive quarter of robust growth. Globally, gold demand remained strong, increasing by 5% from a year earlier to 1,313 tonnes. This…
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Thailand biofuel subsidy ends in 2027, costs to rise for farmers
Thailand’s Energy Ministry is set to introduce measures to mitigate the effects of the impending cessation of biofuel price subsidies in 2027. With the expiration of these subsidies, the cost of biofuels is anticipated to rise, impacting palm and sugar cane growers who supply raw materials for biofuel production. Farmers sell their crops to factories that produce two types of…
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What can a foreigner own in Thailand?
Ranked as the 6th most expat-friendly country globally, Thailand offers a welcoming environment for international citizens, though some legal restrictions do apply. While Thai law places certain limitations on foreign ownership and investment, these regulations vary depending on the type of asset or business venture you’re interested in. Whether you’re an expat looking to invest in Thailand or planning to…
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Thailand targets 8 million European tourists to boost long-haul numbers
Thailand aims to attract eight million European tourists next year as part of a strategy to boost the number of long-haul visitors to a record 11 million, the Tourism and Sports Ministry announced. This move follows plans to collaborate with airlines and foreign ambassadors to ensure a full resumption of international flights. Tourism and Sports Minister Sorawong Thienthong emphasised the…
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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…
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Thailand enforces stricter regulations on illegal factories
Thailand’s Industry Ministry is intensifying efforts to enforce stricter regulations on substandard products that falsely claim to meet Thai Industrial Standards Institute (TISI) standards. Industry Minister Akanat Promphan announced the initiative following a Cabinet meeting, emphasising the need for collaboration with modern trade stores to conduct random product inspections. “To enforce measures to control substandard products, we are seeking cooperation…
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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…
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