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 9 most common health issues covered by insurance for expats in Thailand
Thailand is a popular destination for expats due to its affordable lifestyle and excellent healthcare system. However, settling in a new country often brings health concerns. To ensure you’re covered for the most common medical needs, understanding what expat health...
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Byte me: Thai online sellers plug into AI revolution to boost cash
Thailand’s e-commerce scene is getting a high-tech makeover as local sellers turn to artificial intelligence (AI) to outsmart the competition and rake in more baht. But while the potential is massive, a new report reveals most sellers still feel left in the digital dust. Thailand’s online shopkeepers are waking up to the AI boom but many say they’re still struggling…
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Chiang Mai hotels thrive during Songkran with strategic pricing
Hotels in Chiang Mai experienced a strong performance during the Songkran holiday, despite offering lower room rates compared to the previous year. The pricing strategy was aimed at attracting last-minute domestic travellers, whose confidence was affected by last month’s earthquake. Paisarn Sukjarean, President of the Thai Hotels Association’s upper northern chapter, indicated that many Thais remained unsettled by the earthquake…
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Bank of Thailand seeks new governor as Sethaput’s term ends
The Ministry of Finance has initiated the process to select a new governor for the Bank of Thailand (BoT), as Sethaput Suthiwartnarueput’s five-year term concludes on September 30. A selection committee, led by former Finance Permanent Secretary Sathit Limpongpan, will soon convene to establish candidate requirements and the application timeline, according to ministry spokesperson Pornchai Thiraveja. Under Thai law, the…
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License to bill: Thailand gives green light to trio of virtual banks
Thailand’s financial future is getting a digital upgrade, with three new virtual banks set to get the green light by June 19, the Finance Ministry has confirmed. In a bold move to modernise banking and boost financial inclusion, the Bank of Thailand has already shortlisted three candidates from a pool of five heavyweight consortiums. The final list of approved operators…
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Baht to the future: Thai currency eyes 33 mark as dollar dives
The Thai baht is flexing its muscles on the global stage, with experts predicting it may surge past the symbolic 33-per-dollar mark in the second quarter, fuelled by trade tensions, a faltering US economy, and sky-high gold prices. According to Kasikorn Research Center (K-Research), the baht has climbed to a six-month high, riding the wave of a weakening US dollar…
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Nestlé fights Thai court ban on Nescafé in bitter legal row
Thailand’s coffee kingpin is caught in a legal grind, and your morning cup of Nescafé could be at risk. Nestlé, the global food and beverage giant behind the iconic brand, is fighting back after a Thai court slapped a temporary ban on the production, sale, and importation of Nescafé products in the country. The high-stakes case pits Nestlé against its…
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Protecting your bets: password hygiene and account management
Online betting continues to grow in Thailand. With more people using mobile apps, protecting personal accounts becomes essential. Most users store payment information, history, and login data on their phones. If this data gets exposed, the consequences can be serious. Strong password practices play a big role in securing betting accounts. Many users now use multiple platforms to place bets,…
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Thailand boosts green industry with World Bank project
Efforts are underway to enhance carbon data management in Thailand’s industry to boost investment in the Map Ta Phut sandbox, a collaborative project between the World Bank and the Industrial Estate Authority of Thailand (IEAT). This initiative aims to reduce carbon dioxide emissions and support factory operators in Rayong’s Map Ta Phut Industrial Estate in transitioning to businesses based on…
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Thai finance minister to address US tariff impacts on economy
Thailand’s Finance Minister Pichai Chunhavajira is set to engage with the Bank of Thailand governor regarding the United States‘ reciprocal tariff measures ahead of his visit to the United States. Aiming for a formal meeting with the central bank governor by tomorrow, April 17, Pichai intends to evaluate the impacts of US trade policy, global economic trends, and the US’s…
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Thailand’s flower power: a splash of life and tradition
Thailand’s a place that grabs you—steamy air, spicy street food, and then there’s the flowers. Walk through any market, and you’ll see orchids spilling over tables, lotus buds bobbing in water, jasmine tucked into garlands. They’re not just there to look nice; they’re part of what makes Thailand tick. I’ve watched vendors weave them into offerings and kids hawk them…
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Byte-sized bounce: Thai digital sector plugs back into confidence
Thailand’s digital sector has shown signs of life, climbing out of the red and back into confidence territory this year, thanks to artificial intelligence (AI) hype, economic boosters, and a softer policy rate. But insiders warn the rebound could short-circuit if skills shortages and wage hikes aren’t tackled fast. The Digital Economy Promotion Agency (DEPA) revealed that its Digital Industry…
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IMF urges Thailand to give baht-up households a helping hand
The International Monetary Fund (IMF) has warned Thailand to boost protections for struggling families or risk keeping millions trapped in a cycle of crushing debt, much of it borrowed just to put food on the table. In a hard-hitting Country Focus report released on April 9, the global financial watchdog highlighted that more than half of Thai workers lack formal…
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Thai travellers offered 50% off flights to China for Songkran
Chinese travel agents are pulling out all the stops to fill planes over the Songkran holiday, offering Thai tourists cut-price tickets to the mainland in a desperate bid to claw back losses after a dramatic drop in Chinese visitors to Thailand. Some tour operators are slashing fares by up to 50%, flogging unsold flight tickets at bargain rates rather than…
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Gambling legality in Thailand
Thailand’s tourism industry has been going through a bit of a renaissance, with visitors flocking from all over Europe, America, and Asia. Many come to experience the authentic Thai culture, see the incredible sights, and learn something more about the country’s fascinating history. Many of the visitors, however, are gambling fans, who’d like to play a hand or two. But,…
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Nestlé challenges Thai court ban on Nescafé production
Nestlé has expressed concern for small business owners following a court order prohibiting the production and sale of Nescafé in Thailand. The company is preparing to file an appeal after Chalermchai Mahagitsiri, a shareholder in Quality Coffee Products Co., Ltd. (QCP), sought a temporary injunction. Yesterday, April 9, a report detailed that Chalermchai initiated legal proceedings at the Min Buri…
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Fizzy drink giants face sugar tax squeeze as sweet crackdown kicks in
Thailand’s fizzy favourites are feeling the pinch as a new sugar tax kicks in, forcing beverage makers to cut the sweet stuff or cough up more cash. Beverage chiefs and sweet drink producers have been slapped with a sour surprise as the Finance Ministry rolls out the latest phase of Thailand’s sugar tax crackdown, pushing firms to trim the sugar…
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Why you should always buy Instagram followers
You want more people to see the content you’ve spent days creating? You should buy Instagram followers. You want an Instagram presence that’s large enough to attract paid sponsors for your posts? You should buy Instagram followers. You want to build a social media community of users in your small business’ target audience, or you want to build brand awareness?…
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Thai stock market tumbles amid US tariff concerns
The Stock Exchange of Thailand (SET) today experienced a significant drop in share prices amid concerns over a potential trade war following tariff increases by the US government. The SET Index fell by 42.30 points or 3.76%, reaching 1,082.91 shortly after opening. The Thai market resumed trading after a three-day break, while other global markets were unsettled yesterday, April 7,…
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Watt’s next: Thailand powers up for electric vehicle revolution
Thailand’s government is committed to transforming the nation into an electric vehicle (EV) manufacturing hub, with a policy focused on stimulating demand to encourage consumer adoption. Deputy Finance Minister Paopoom Rojanasakul emphasised the importance of building a domestic EV supply to meet this demand. The government has shifted from internal combustion engine (ICE) vehicle production to an EV focus through…
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Thai Airways expands fleet with 45 Boeing dreamliners
Thai Airways International (THAI) has confirmed that fleet expansion is a key part of its strategy, with the airline set to procure 45 Boeing 787-9 Dreamliners as part of a major deal to increase its aircraft numbers and strengthen ties with the United States. In a bold move aimed at both modernising its fleet and supporting Thailand’s trade negotiations with…
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Excise crackdown: 2.7 billion baht fines for tax evasion surge
The Excise Department has been directed to swiftly enforce a zero-tolerance policy on excise tax evasion, focusing on breaches of excise regulations. Deputy Finance Minister Paopoom Rojanasakul emphasised efforts to prevent the smuggling of goods without tax payment, particularly across borders and through online platforms. The department expressed a commitment to prosecuting and taking action against those involved in selling…
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Baht to the future: Thai currency takes a pounding as US tariffs bite
The Thai baht has taken a serious beating, diving to its weakest level in two and a half months, and it’s only set to sink further, after the US threw a financial curveball with a whopping 37% reciprocal tariff on Thai imports. The baht slipped to 34.38 to the dollar yesterday, April 3, with intraday lows hitting 34.44, a rate…
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Thai construction materials price index hits 112.8 in March
The March 2025 construction materials price index, as reported by Poonpong Naiyanapakorn, Director of the Office of Trade Policy and Strategy under the Ministry of Commerce, rose to 112.8. This marks a 0.5% increase compared to March 2024, continuing a 10-month growth trend. The increase is attributed to accelerated government budget disbursements in the first quarter, driving demand for construction…
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Trump’s tariff tantrum: US slaps huge levies on world as trade war erupts
Donald Trump has thrown the world into economic turmoil, launching a full-scale trade war by slapping sweeping new tariffs on imports, including crippling levies on key allies. Thailand has been caught in the tariff crossfire too, with officials claiming the nation could suffer an US$8 billion hit if the US were to even up levies between the two countries. Semiconductor…
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Thailand revamps tourism strategy amid Chinese market slowdown
The Ministry of Tourism and Sports is revising its strategy for the latter half of the year in response to the subdued Chinese market and diminished confidence due to a recent earthquake. A new crisis management team will be established to address these challenges. The ministry plans discussions with a strategy consulting team to guide the Tourism Authority of Thailand…
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Thailand fast-tracks factory rooftop solar panel revolution
Thailand’s solar industry is set to shine brighter as the government launches a one-stop service centre aimed at slashing red tape and supercharging solar panel sales, according to suppliers. With the Cabinet greenlighting the initiative on March 27, the Energy, Interior, and Industry ministries will team up to streamline the approval process for factory rooftop solar installations, eliminating the frustrating…
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On-job connection: Thai telecom firm cut off in fraud scandal
Thailand’s telecom watchdog has reportedly pulled the plug on K4 Communication Company Ltd, revoking its licence over a multi-million-baht fraud scandal that allegedly left investors high and dry. K4, which operated as a mobile virtual network operator (MVNO) using National Telecom’s (NT) network, was shut down after its executives were hit with arrest warrants for joint fraud, Bangkok Post reported.…
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Earthquake causes up to 100 billion baht damage, economy unaffected
Finance Minister Pichai Chunhavajira stated that the recent earthquake damage has not impacted the economy, while reaffirming the government’s commitment to support affected individuals. Reports suggest that up to 5,500 buildings in the capital might have sustained damage, with total financial losses potentially reaching 100 billion baht. Pichai mentioned on March 28, the day of the earthquake, that the ministry,…
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Bringing home the bacon: Korat businesses struggle as pork prices soar
Rising pork prices have left business owners in Nakhon Ratchasima facing daily losses, with some considering closure. They urge the government to fulfill economic promises and address the needs of smaller businesses rather than focusing solely on the wealthy. At a gathering at Rabieng Kiang Nam restaurant in Hua Thale subdistrict, Mueang district, representatives from pork stalls and restaurants discussed…
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ATTA boss calls for boost to Chinese tourism market
The newly appointed president of the Association of Thai Travel Agents (ATTA) is urging the government to ramp up support for marketing initiatives and development to revive the lagging Chinese tourism market. Thanapol Cheewarattanaporn, elected for a two-year term, welcomed the Cabinet’s approval of the draft entertainment complex bill but emphasised the need for strict casino regulations and meaningful employment…
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