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.
-
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...
-
Taxing decisions: Thai businesses brace for higher import duties
Thailand’s business entrepreneurs are leaning towards higher import tariffs should the government forge ahead with its ambitious tax reform plans, according to a fresh poll from the Federation of Thai Industries (FTI). This survey follows hot on the heels of Finance Minister Pichai Chunhavajira unveiling a set of tax reform proposals designed to swell state coffers, fuel national development, sharpen…
-
Fuelling growth: Thailand’s energy use rises as tourism powers up
The Department of Energy Business revealed fuel consumption in Thailand saw a 2.1% rise last year, reaching a daily average of 155.4 million litres, in tandem with an estimated GDP growth of 2.6-2.7%, largely fuelled by bustling tourism-related industries. In 2023, total fuel consumption was slightly less, at 152.3 million litres per day. Jet fuel, driven by the surge in…
-
Tariff-ied: Thai exporters brace for US trade heat
Thai exporters could soon find themselves in hot water, facing increased tariffs from the United States. The Government of Thailand might also be compelled to import more American goods to balance out its trade surplus, warns Burin Adulwattana, the Managing Director and Chief Economist at Kasikorn Research Centre (K-Research). Burin shared that K-Research hasn’t yet drilled down into the possible…
-
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…
-
Thai banks to ban mule account transactions next month
The banking sector will introduce a ban on financial transactions involving mule accounts next month, adhering to a directive from the Bank of Thailand. Following a recent meeting of the Joint Standing Committee on Commerce, Industry and Banking, Payong Srivanich, chairman of the Thai Bankers’ Association, announced that banks are upgrading their operational and security systems to block transactions across…
-
Thai fruit exports set for boost with 3.5 billion baht deals
The Commerce Ministry of Thailand organised a business matching event focused on fruit and agricultural products, alongside a signing ceremony for memorandums of understanding (MoUs) between Thai exporters and international buyers. These initiatives are anticipated to boost export sales by 3.5 billion baht (US$104 billion). Deputy Commerce Minister Napintorn Srisunpang reported that 96 Thai fruit export companies, along with 65…
-
Exclusive: The strategy behind Stake F1’s Hustlin’ Harder Campaign
The iconic O2 Arena in London set the stage for an extraordinary moment in Formula 1 as the Stake F1 Team KICK Sauber unveiled its 2025 challenger, the C45. Thousands of fans, media representatives, and stakeholders gathered to witness the reveal, which coincided with Formula One’s F175 LIVE celebration marking the sport’s 75th anniversary. With dramatic lighting and an energetic…
-
IMPACT invests 5 billion baht to expand MICE hub
IMPACT Exhibition Management Co Ltd is making a bold move to dominate Thailand’s meetings, incentives, conferences and exhibitions tourism (MICE) industry, investing 5 billion baht in two new hotels to transform Mueang Thong Thani into a world-class event and entertainment hub. The investment, part of a long-term expansion strategy, will position IMPACT as a key player in the government’s proposed…
-
Unregistered hotels could boost tourism revenue to 3.5 trillion baht
Unregistered hotel operators entering the registration system could significantly increase hidden tourism revenues, potentially reaching 3.5 trillion baht if successful, according to the Tourism and Sports Ministry. Tourism and Sports Minister Sorawong Thienthong stated that the annual revenue reported by the ministry is lower than the actual tourism figures due to the extensive informal economy, which includes illegal accommodations and…
-
Commerce Ministry acts to remove unsafe products from e-commerce
The Commerce Ministry is collaborating with 16 government agencies and prominent online platforms to tackle the issue of substandard and non-compliant products on e-commerce platforms. Under the notice and takedown policy, products identified as substandard will be promptly removed, according to Commerce Minister Pichai Naripthaphan. This initiative aims to protect consumers from low-quality products in online marketplaces. The collaboration involves…
-
Thailand considers cutting free public lighting to lower power bills
The Provincial Electricity Authority (PEA) stated that discussions among national state agencies are necessary regarding the Energy Ministry‘s proposal to reduce power bills by cutting the government’s free electricity supply to public lighting. Currently, local administrative bodies and departments responsible for highways and rural roads are exempt from paying for public lighting, a cost shouldered by the government amounting to…
-
Sky’s the limit: AIS takes off with HOVERAir X1 Pro Max drone
In a daring leap into the skies, Advanced Info Service (AIS) has launched its first drone, the HOVERAir X1 Pro Max, setting its sights on the lucrative drone market. The high-flying gadget is now ready for takeoff at AIS service shops, promising to boost revenue from retail outlets and capture the imaginations of tech enthusiasts and adventurers alike. In a…
-
Gold prices soar to record heights amid Trump’s tariff turmoil
Gold is glittering like never before, with prices reaching record heights as jittery investors scramble for safe havens following United States President Donald Trump’s bombshell tariff threats against Mexico and Canada. The price of bullion saw a gleaming rise of up to 0.2%, hitting an all-time high of US$2,799.65 per ounce. This shiny achievement came hot on the heels of…
-
Gem of a deal: Bangkok fair set to sparkle with 3.5 billion baht in trade
Organisers of the 71st Bangkok Gems & Jewelry Fair expect the event to generate over 3.5 billion baht in trade. Scheduled for February 22 to 26 at the Queen Sirikit National Convention Centre (QSNCC), the fair is hosted by the Department of International Trade Promotion (DITP) and the Gem and Jewellery Institute of Thailand, with support from various public and…
-
Thai seafood exports to US unaffected by fishing gear concerns
The Department of Fisheries aims to reassure the public that recent changes to Section 66 of a Fisheries Executive Decree will not impact seafood exports to the United States. There are concerns that the US might ban Thai seafood caught using fishing gear harmful to certain marine mammals. Bancha Sookkaew, Director General of the Department of Fisheries, responded to a…
-
Investors to pump 40 billion baht into Pattaya’s tourism sector
Investors are set to inject 40 billion baht into Pattaya, focusing on new hotels and attractions to enhance tourism. On Wednesday, January 29, Wallaya Traisorat, CEO and President of Asset World Corporation (AWC) announced the opening of Meliá Pattaya Hotel, a 234-room property with an investment exceeding 2 billion baht. This hotel targets workcation travellers, digital nomads, meetings, incentives, conferences…
-
Smog threat looms over Thai tourism, hoteliers urge government action
Hotel operators are calling on the government to collaborate with the entire supply chain to address the smog issue before it significantly impacts tourism. Hostels have raised concerns about the financial burden of maintaining clean air for guests. Marisa Sukosol Nunbhakdi, executive vice-president of Sukosol Hotels, stated that there have been no cancellations or delays due to smog during the…
-
Japan and China remain top spots for Thai tourists
Japan and China are anticipated to continue being the leading destinations for Thai tourists this year, with at least 2.5 million people expected to visit due to visa exemptions, weaker currencies, and a variety of tourism options. Charoen Wangananont, president of the Thai Travel Agents Association (TTAA), noted that these countries were the most popular at the Thai International Travel…
-
Chinese New Year spending in Thailand hits 51 billion baht
Public expenditure during the Chinese New Year is projected to reach 51.78 billion baht, marking the highest level in five years, according to recent government estimates. Sasikan Wattanachan, deputy government spokesperson, noted that this figure signifies a 4.5% rise compared to the previous year. It is also the first occasion since the Covid-19 pandemic that spending for Chinese New Year…
-
South Korean tourists outnumber Chinese in Chiang Mai amid direct flights boost
The South Korean market may surpass the Chinese in terms of tourist arrivals in Chiang Mai this year, attributed to the increase in direct flights and favourable winter weather, as reported by the Tourism Authority of Thailand (TAT). Patsalin Swetarat, director of TAT’s Chiang Mai office, noted that a decline in safety confidence among Chinese travellers has somewhat affected tourism…
-
Google to build new cloud data centre in Chon Buri
Google is set to enhance its footprint in Thailand by constructing a new cloud data centre in Chon Buri, announced Google’s president and chief investment officer, Ruth Porat. Porat engaged with Prime Minister Paetongtarn Shinawatra during the World Economic Forum (WEF) in Davos on Wednesday, January 22. The Google executive expressed gratitude towards the Thai government for its support in…
-
Thailand mandates biometric SIM registration to combat fraud
The board of the National Broadcasting and Telecommunications Commission (NBTC) has provisionally approved a draft for a new SIM card registration system, incorporating biometric data collection from mobile users. The proposed system mandates all mobile operators to implement liveness detection biometric technology for SIM card registrations. This move aligns with recent political calls for stricter measures to combat prevalent online…
-
Thailand drafts law for new financial hub with competitive incentives
The Finance Ministry has completed drafting legislation for a financial hub and plans to present it to the Cabinet by early February. Deputy Finance Minister Paopoom Rojanasakul stated that this legislation offers more privileges and authority than the Eastern Economic Corridor laws. The government is committed to advancing this draft law. Once Cabinet approval is obtained, it will be submitted…
-
US and Thai stocks rise as Trump delays tariff hikes
Global and Thai stock markets experienced a short-term rebound following US President Donald Trump’s decision not to immediately increase import tariffs. Analysts have advised investors to remain vigilant regarding potential policy changes, as current conditions are unpredictable. On January 20, the price of West Texas Intermediate (WTI) crude oil declined after Trump announced plans to sign an executive order declaring…
-
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,…
-
Three million Thai elderly to receive 10,000 baht cash handout
Approximately three million elderly people are set to receive 10,000 baht (US$293) each as part of the second phase of the government’s cash handout initiative, according to Deputy Finance Minister Paopoom Rojanasakul. Paopoom indicated that a recent review identified 3.04 million elderly people 60 years old and over as eligible for the scheme. However, it is estimated that around 20,000…
-
Trump card: Gold prices set to shine amid US policy jitters
Gold prices are predicted to rise by over 6% in the coming three months following Donald Trump’s inauguration as US President, due to uncertainties surrounding US economic and political policies, according to local traders. Hua Seng Heng Gold Futures (HGF) forecasts a 6.38% increase in gold prices within the first three months of Trump’s administration and a 3.3% rise over…
-
Trumping expectations: Bitcoin set to soar under US president
Bitcoin’s price is set to soar during the first three months of Donald Trump’s presidency, while a groundbreaking crypto sandbox in Phuket promises to double Thailand’s digital adoption rate of 12%, according to Binance’s Thai division, the world’s leading cryptocurrency exchange. Ahead of Trump’s swearing-in as the 47th president of the United States, bitcoin reached a staggering new peak at…
-
PTT Plc shifts gears: Oil giant explores new horizons
PTT Plc, Thailand’s oil and gas giant, is re-evaluating its tactics in the logistics sector, contemplating a shift away from its traditional petroleum roots. The national conglomerate is investigating fresh investment avenues in non-oil sectors, aiming to revamp its business footprint in the rapidly advancing world of logistics. Leading the charge is Chaya Chandavasu, PTT Senior Executive Vice-President for Corporate…
-
Red light: Thailand’s car industry caught in hybrid dilemma
Thailand’s car production industry, a powerhouse of the national economy, stands at a pivotal red light crossroads. The decision now looms large: should the focus be on propelling battery electric vehicles (BEVs) into the spotlight, or should there be a concerted effort to guide the internal combustion engine (ICE) sector through a transitional phase towards electric vehicles (EVs)? With the…
Don't forget to check out some other things to do in Thailand - get help starting a business or finding a job in Thailand, buy Thailand property, rent a yacht or book a medical procedure worldwide.