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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Experienced consultant analyses dramatic shift in Thai online shopping trends
In Thailand, online shopping appears to have become the desired norm, with a proportionate increase in consumer expectations, per a survey by advertising consultancy Wunderman Thompson. The data suggest that Thai patrons are willing to increase their online spending provided their experience includes faster delivery schedules among other factors, according to digital and customer relationship management director at Wunderman Thompson, Puvadon…
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Digital infrastructure to revolutionise Thailand’s capital market
A revolutionary digital infrastructure has been established in Thailand’s capital market, following collaborative efforts by the Stock Exchange of Thailand, the Association of Thai Securities Companies, and the Thai Bankers’ Association. The state-of-the-art system, aimed at fully electronic end-to-end bond offerings, was presented in an attempt to enhance the Thai market’s efficacy and transparency. This dynamic solution covers a broad…
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Thai tourism targets wealthy Asian expatriates for industry boost
The Tourism Authority of Thailand (TAT) set their sights on the growing wealth of Asian expatriates as a potential boon for the Thai tourism industry. Chinese nationals residing in Cambodia and Laos have been particularly targeted due to their propensity for choosing Thailand as a location to send their children for education. According to Oranooch Pakapan-Rutten, TAT’s marketing representative for Cambodia…
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Thai industries call for government aid to stimulate export growth amid falling rates
Industry leaders are soliciting governmental assistance in a bid to boost export growth, following steady declines observed over a streak of eight months, according to recent insights sourced from the Federation of Thai Industries (FTI). Discussions with 210 executives from 45 sectors of the industry revealed that an overwhelming 80% of respondents were in favour of government initiatives to trim…
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Thai tourism federation FETTA plans transformative change for streamlined operations
Faced with a long-standing need for agile operations and goal-directed development, the Federation of Thai Tourism Associations (FETTA) is set to drive transformative change in Thailand’s tourism landscape. This follows the recent realignment of seven local tourism associations that have transitioned from the Tourism Council of Thailand (TCT) to become part of FETTA. According to Adith Chairattananon, a FETTA representative…
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GPSC set to invest 8.28 billion baht in India’s Avaada Energy
Embarking on a mission to bolster its renewable energy portfolio, Global Power Synergy Plc (GPSC), the power production offshoot of PTT Plc – the national oil and gas conglomerate, is looking at investing upwards of 19.1 billion rupees (roughly 8.28 billion baht) in India-based Avaada Energy Private. This investment is aimed at leveraging the upswing in electricity demand in the…
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Business uncertainty grows as Thai stock slide continues amid Chinese property defaults and Russian turmoil
Analysts flagged potential downswings to the Thailand Stock Exchange (SET) index due to ongoing business uncertainties in Russia and loan defaults in China’s property market. Over the past week, the SET index experienced a seven day consecutive drop, and despite brief rallying, finished in the red. Concerns stemming from smaller stock performances and news of Chinese property market default have…
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Business uncertainty fuels Thai Baht dip amid political unrest and Asian currency devaluation
Embroiled in political and business uncertainty, the Thai baht plummeted to a low unseen since last November, a seven-month dip, agitating investor confidence. This occurred alongside a universal lowering in the value of various emergent Asian currencies versus an emboldened dollar, fuelled by robust US data allaying recession fears. Stock markets in the region largely painted a bleak picture, with…
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Thai exports set for surge amid favourable market conditions and expansion plans
With predictions of a rebounding global economy, Thai exports are expected to witness a surge in the second half of the year, according to the nation’s Commerce Ministry. Keerati Rushchano, the permanent commerce secretary, revealed that the current competitive baht exchange rate coupled with planned market expansion initiatives could significantly boost trade. The regions targeted for market expansion include Yunnan…
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Bank of Thailand to loosen foreign exchange regulations to stabilise long-term exchange rates
The Bank of Thailand revealed plans to loosen foreign exchange regulations to stabilise the long-term exchange rate. The move, which shows a clear focus on balancing capital inflows and managing volatility, comes as Thailand’s economy globally integrates further. Under the foreign exchange initiative, Thai individuals will now be able to pour as much as US$10 million into offshore markets, doubling…
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German and French firms eye Thailand’s booming electric vehicle sector
A surge of interest in Thailand’s budding electric vehicle (EV) industry has been noted among businesses from France and Germany. The Thailand Board of Investment (BoI) revealed this interest following an investment promotion roadshow in these European nations. The BoI’s Deputy Secretary-General, Wirat Tatsaringkansakul, suggested a particularly keen receptiveness from French and German investors. These potential investors are reportedly looking…
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US Ambassador celebrates first shipment of Thai pomelos to America
US Ambassador to Thailand Robert Godec had an opportunity to engage with Thai and foreign media today, where he expressed his delight at the first-ever shipment of Thai pomelos reaching the United States. This is a milestone that comes 190 years into the diplomatic ties between the two countries. The first export lot of the popular citrus fruits was dispatched…
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Fitch ratings reveal Thailand’s economic recovery to boost corporate earnings in 2023
Recovery of the domestic economy and alleviation of inflationary pressures are set to bolster the performance of corporations in Thailand this year, suggest analysts from Fitch Ratings during the 2023 Thailand Corporate Credit Outlook & Asean ESG conference, held recently in Bangkok. Corporates at Fitch Ratings (Thailand)’s Lertchai Kochareonrattanakul, a senior director, indicated in his talk that a boost in…
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ChatGPT security: Asia-Pacific tops list in account breaches, Group-IB reveals
In a comprehensive study conducted by the international cybersecurity corporation Group-IB, over 100,000 infiltrated ChatGPT accounts have been detected in concealed Internet marketplaces. In the last year, the majority of these ChatGPT credentials were discovered within the Asia-Pacific region, threatening ChatGPT security. Through the close survey of stealer-riddled devices, Group-IB identified upwards of 101,134 technological instruments storing saved ChatGPT credentials.…
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Buying a franchise Vs buying a business: The benefits and drawbacks of each option
Are you considering starting your own business? Do you have the motivation and desire to be an entrepreneur but are unsure of which route to take? Buying a franchise or buying a business are two popular options for aspiring entrepreneurs. Both have their own set of benefits and drawbacks. In this article, we’ll explore the benefits and drawbacks of each…
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Hotel Act concerns addressed by Thai Hotels Association due to government’s registration rules
The Thai Hotels Association (THA) has taken a positive step by welcoming the Ministry of Interior’s new regulations. These rules will now classify smaller accommodations that were operating before 2016 as hotels. This decision is expected to result in increased tax collection, providing additional income for the government. However, the proposal to exempt larger accommodation facilities from registration under the…
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Hydrogen program launched by Egco to cut CO2 emissions in the US
A significant advancement in the pursuit of cleaner energy took place recently, as Electricity Generating Plc (Egco), a subsidiary of the state-run Electricity Generating Authority of Thailand, launched a hydrogen program. This new initiative is set in the Linden Cogen thermal cogeneration plant’s 172-megawatt Unit 6, located in the US. The hydrogen fuel blending programme is part of a wider…
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Thai economy booms as government’s fiscal income beats projections with 122bn baht surplus
The Thai economy demonstrates strong recovery and active imports as the Thai government’s net income during the first two-thirds of fiscal 2023 has surpassed projections by 122 billion baht, revealed Fiscal Policy Office Director-General, Pornchai Thiraveja, 42 years old. Between October 2022 and May 2023, the Thai government raked in a total of 1.64 trillion baht, which is an 8%…
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Thailand’s real estate sector eyes foreign investment boost
With an eye on boosting the economy, real estate developers and consultants are urging Thailand‘s new government to implement policies that promote foreign investment. They believe such measures will stimulate a more positive environment for overseas buyers in the property market, suggesting promotional efforts to increase awareness among foreign investors. Artitaya Kasemlawan, head of residential sales projects at CBRE Thailand,…
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AIS urged to retract NBTC lawsuit amidst True-DTAC merger controversy
In an undisclosed revelation from employees within the National Broadcasting and Telecommunications Commission (NBTC), it was indicated that Advanced Info Service (AIS) has been encouraged to retract its lawsuit against last year’s NBTC board resolution, which validated the amalgamation of True-DTAC. This lawsuit could potentially create complications for the commission when deliberating the ongoing acquisition of the fixed broadband service…
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Drought hits Thailand’s cassava yield, imports to fill shortfall predicted
A projected decrease in Thailand’s yield of cassava and its by-products from 11 million tonnes last year to an estimated 9 million tonnes this year has been attributed to drought conditions. This situation is further compounded by more farmers opting for sugar cane cultivation instead. Ronnarong Phoolpipat, director-general of the Foreign Trade Department, revealed that despite the drought-induced shortfall in…
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Chinese tourism deterred by tourist scams in Thailand, says ATTA
Fear of being conned by tourist scams poses a bigger concern to prospective Chinese tourists than Thailand’s political ambiguity, advises the Association of Thai Travel Agents (ATTA). Given a sluggish economic recovery on the mainland, the Chinese tourism market could slightly be affected. Calling for tougher safety measures, ATTA’s president, Sisdivachr Cheewarattanaporn, indicated that improving the country’s image and reassurances…
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Thai tourism-linked businesses experience booming growth amid economic recovery
Amid escalating tourist arrivals and robust economic recovery, Thai tourism-associated enterprises have been reaping lucrative rewards, particularly in the fields of foreign exchange, travel agencies, tour guides, dining establishments, and the accommodation industry. Such industries have experienced impressive growth within the initial five months of this year, as revealed by data garnered through the Business Development Department of the Commerce…
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Business diversification: Susco Beyond explores EV market amidst fluctuating oil prices
Susco Beyond, an auxiliary affair of Susco Plc, a prominent Thai oil retailer, persists to diversify. While an integral part of their business still revolves around the oil industry, they seek to mitigate the risks associated with fluctuating oil prices through business diversification. To this end, they have turned their attention to non-oil businesses, an example of which includes their…
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Thai chicken advancement: CPF targets space-grade safety for production
In a bold step indicative of its commitment to product safety, Charoen Pokphand Foods PCL (CPF) has set its sights on the stars. Taking its poultry products to new heights, CPF is joining the “Thai Food Mission to Space” programme. A trailblazing endeavour, this Thai chicken project is spearheaded by CPF in partnership with Nanoracks Llc, a leader in space…
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Thailand tourism thrives as it ranks second in global travel, Bangkok tops city list
Thailand tourism continues to thrive, as online travel platform Agoda recently revealed that the country holds the title of the second most popular destination for travellers worldwide, with Bangkok topping the list of favourite cities for global travellers. The ranking came from an analysis of booking data collected from January to May of the current year, shared by government spokesman…
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31 Centara hotels scoop Tripadvisor Travellers’ Choice awards
Centara Hotels & Resorts scooped several top honours in the Tripadvisor Travellers’ Choice awards for 2023, with 31 of their properties being recognised worldwide. These prestigious awards, reserved for establishments consistently achieving excellent traveller reviews over the past year, place Centara’s hotels and resorts within the top 10% of all listings on Tripadvisor globally. This year, two Centara properties received…
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Delta Electronics cites external factors in share price fluctuations
There’s been a recent development with Delta Electronics (Thailand). The company has informed the Stock Exchange of Thailand (SET) that the company’s recent share price fluctuations are the result of external factors and that its financial fundamentals remain strong. Following a slump of 18.3% on Tuesday, Delta’s shares experienced volatility yesterday, closing up 0.26%. The trading alert on Delta’s shares…
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Fashion-forward: Jaspal gears up for IPO, set to make a stylish debut on stock exchange
Bangkok-based ready-to-wear fashion company Jaspal is preparing for an initial public offering (IPO) on the Stock Exchange of Thailand (SET) as it seeks funding to further develop its fashion and lifestyle ventures. Jaspal recently submitted a proposal for the listing, offering up to 156 million shares, representing no more than 26% of the firm’s paid-up capital, to the Securities and…
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Digital platforms in Thailand face new transparency law, affecting over 1,000 major operators
A new law issued by royal decree will come into effect on August 21, aimed at regulating digital platforms in Thailand while promoting transparency and consumer protection, according to Digital Economy and Society Minister Chaiwut Thanakamanusorn. The digital platform service law was was first published in the Royal Gazette on December 23, 2022. Upon implementation, digital platforms looking to conduct…
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