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 Is private health insurance in Thailand worth it? Real costs vs risks explained
Thailand has a strong healthcare system with both public and private options. Public hospitals offer affordable care, but many people, including expats, choose private health insurance for faster service, modern facilities, and more treatment choices. To decide if private health...
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Red Bull tycoon tops Thailand rich list with US$44.5 billion fortune
Red Bull really does give you wings—especially if your name is Chalerm Yoovidhya. The co-owner of the world-famous energy drink has officially been crowned Thailand’s richest man this year, boasting a staggering net worth of US$44.5 billion (1.4 trillion baht), according to Forbes magazine. Chalerm’s jaw-dropping fortune saw an eye-watering leap of US$8.5 billion, marking a 24% surge from the previous year.…
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Bangkok Bank backs Thai businesses entering Indonesia’s market
Bangkok Bank (BBL) is prepared to aid Thai medium-sized enterprises (SMEs) looking to expand into Indonesia, where there is significant potential across various supply chain industries. During the 2025 Indonesia Investment and Trade Forum, hosted by Bangkok Bank and its Indonesian affiliate Permata Bank, BBL president Chartsiri Sophonpanich highlighted Indonesia’s promising economic and social prospects. The country’s GDP per capita…
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Cambodia halts oil imports, Thai firms unfazed
Cambodia’s decision to halt refined oil imports from Thailand is unlikely to significantly affect Thai oil companies, as they have the flexibility to redirect their sales to other Asian countries, according to the Department of Energy Business (DOEB). Thai oil exporters currently send nearly 6 million litres of oil daily to Cambodia, which could instead be redirected to markets like…
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How Thailand’s boldest businesses are scaling with intention
What was once considered a visionary trend has become the engine of growth for businesses everywhere. In Thailand, forward‑thinking enterprises are no longer debating the question Should we adopt AI? but to focusing on How can we use it as a strategic advantage? We are living in an era where AI can optimise supply chains, automate decision-making, and personalise customer engagement…
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Thailand hotels face delays in 1.7 billion baht subsidy scheme
Hotel operators in Thailand are experiencing delays in the approval process for the initial phase of the 1.7 billion baht co-payment scheme, while some online travel agents (OTAs) are offering prices lower than those under the government’s subsidy. The scheme, aimed at local tourists, opened registration for the public yesterday, July 1, after hotels were able to register since June…
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India’s growth to boost Southeast Asia’s aviation market
India’s significant economic expansion is anticipated to bolster Southeast Asia’s aviation market, including Thailand’s aviation sector, as noted by the Indian airline IndiGo, which intends to introduce its new business class seating to Bangkok and Phuket. IndiGo Chief Executive Pieter Elbers highlighted that whenever new Southeast Asian destinations are launched or route capacities increased, there is a notable surge in…
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China’s durian craze drives Thailand’s tech farming boom
Most people either adore it or gag at the smell, but durian — the spiky “king of fruits” that “tastes like heaven and smells like hell” — is winning over Chinese consumers in record numbers. Thailand, the world’s top durian exporter, is racing to modernise production as demand from China soars. Chinese agricultural experts are now working alongside Thai farmers…
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Thailand plans AI legislation to boost adoption and governance
Thailand is drafting legislation to establish an artificial intelligence (AI) ecosystem and broaden AI adoption. The Electronic Transactions Development Agency (ETDA) concluded an online public hearing on the draft, intending to present it to the Cabinet by the end of July. The development of Thailand’s AI regulatory framework has been grounded in soft laws and guidelines. Sak Segkhoonthod, senior advisor…
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Grab Thailand rolls out 0% fees, AI tools to save restaurants
As Thailand’s economy stumbles and food businesses tighten their belts, Grab Thailand is stepping in with a bold new lifeline. The food delivery giant has launched a series of targeted initiatives aimed at helping small restaurant operators and solo entrepreneurs survive the current financial crunch, complete with zero commission deals, AI tools and micro-loans. Chantsuda Thananitayaudom, country head of Grab…
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Chinese investment boosts amulet trade in Bangkok’s Pantip Plaza
The amulet business in Bangkok’s Pantip Plaza is booming, with foreign investors, especially from China, driving the trade of Thai Buddhist amulets and sacred objects. The market, once dominated by Thai collectors, has transformed into a major hub for Chinese investors, who have set up shop in the mall to cater to their fellow countrymen. Despite a slight downturn in…
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Thailand shopping giant hits CRC button on spending spree
Thailand retail heavyweight Central Retail Corporation (CRC) is splashing out up to 47 billion baht in a three-year spree of store openings, renovations and regional rollouts, even as spending on the high street looks shakier than a Black Friday bargain bin. CRC, listed on the Stock Exchange of Thailand (SET), unveiled a sweeping investment plan of 45–47 billion baht between…
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Rev it up: Tax breaks drive Thai pickup market into high gear
Thailand’s struggling pickup market is getting a turbo boost from a government scheme that lets drivers swap their clapped-out motors for shiny new rides, with tax breaks thrown in to sweeten the deal. The Federation of Thai Industries (FTI) is banking on a state-backed trade-in scheme to kickstart domestic pickup sales, which have taken a sharp nosedive this year. Sales…
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Thai hotels warn of layoffs amid 400 baht wage hike proposal
The Thai Hotels Association (THA) has raised concerns about potential large-scale layoffs in the hotel sector during the low season, should the government proceed with plans to increase the daily minimum wage to 400 baht next week. The THA has submitted a petition to the prime minister, urging the cancellation of this policy. La-iad Bungsrithong, an advisor to the THA…
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Bourse of concern: Thai stocks tumble after US strike on Iran
A United States military strike on Iran* has sent shockwaves through global markets, with Thailand’s stock exchange plunging to post-pandemic lows, prompting emergency stabilisation measures to stop the slide. The Stock Exchange of Thailand (SET) went into crisis mode yesterday, June 23, after fears of an escalating Middle East conflict caused oil prices to surge and Thai stocks to slump 1.3%,…
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10 best sports stadiums in Thailand
Thailand has many iconic stadiums, from grand football arenas to revered Muay Thai venues. Sporting culture is as great as in any other country, and the facilities that follow have a lot to boast about. One stadium even found its place in the Guinness World Records. The love of sport doesn’t come alone–there’s also love for betting. Sports betting expert…
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Cambodian tourist numbers to Thailand drop 48% due to closures
Cambodian tourist numbers visiting Thailand have significantly decreased by 48% this month due to border closures, impacting a market already experiencing a slowdown since the previous year. Despite this, Thai AirAsia has reported a strong load factor on flights from Bangkok to Cambodia. Thapanee Kiatphaibool, governor of the Tourism Authority of Thailand (TAT), stated that Cambodian arrivals in the first…
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EconThai warns against dissolving House amid political unrest
The Employers’ Confederation of Thai Trade and Industry (EconThai) has advised against dissolving the House of Representatives to tackle the weakened political stability in the wake of a leaked phone call between Prime Minister Paetongtarn Shinawatra and Hun Sen, former Cambodian prime minister. Tanit Sorat, vice-chairperson of EconThai, expressed concern about the potential political vacuum that could result from dissolving…
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Thai restaurants struggle with 400 baht minimum wage hike
The Thai Restaurant Association expressed concern about the impact of the recent decision to raise the daily minimum wage to 400 baht on the already struggling restaurant sector. This adjustment, effective from July 1, will apply to all workers in Bangkok and is extended to employees in most hotels and entertainment venues across the country. Currently, the minimum wage in…
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Thai political instability threatens economy amid US tariff concerns
Political instability between Thailand’s ruling Pheu Thai Party and its coalition partner, the Bhumjaithai Party, is expected to further weaken investor confidence. This comes amid threats of a 36% US tariff on Thai exports. Poonyawat Sreesing, a senior economist at Siam Commercial Bank’s Economic Intelligence Centre (SCB EIC), highlighted that the Thai economy has been enduring political uncertainty for some…
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King Power seeks duty-free contract renegotiation after setbacks
Thailand’s leading duty-free giant King Power is in talks with Airports of Thailand (AOT) to renegotiate its contracts across five major airports, after claiming external factors severely impacted business performance. The duty-free giant, known for its extensive presence in airports across the country, raised concerns about an increasingly challenging market and the financial burden of maintaining its original commitments. In response, King Power is…
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Bank of Thailand to name new governor amid challenges
The Bank of Thailand (BoT) is set to appoint a new governor as Sethaput Suthiwartnarueput will conclude his term on September 30. The selection process is crucial, as the new governor will navigate Thailand’s economic challenges and influence monetary policy and financial stability. Applications for the position closed on June 4, with seven candidates in the running. The candidates are:…
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Dusit International eyes 16 billion baht revenue boost this year
Dusit International is set to bounce back in 2025, with the company projecting a revenue of 16 billion baht from its residential properties and reduced interest burdens. The company is confident in its recovery, as it moves closer to turning a profit, despite challenges faced in previous years. “Dusit International is on track for a strong turnaround,” said Suphajee Suthumpun,…
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Koh Larn registers 158 businesses in accommodation crackdown
To clean up Koh Larn’s rapidly expanding accommodation sector, Bang Lamung District Chief Patcharapat Srithanyanon announced the successful registration of unlicensed guesthouses and rentals on the popular tourist island. The crackdown, which aims to bring unregulated businesses into compliance, promises to improve transparency and foster sustainable development in the region. “Koh Larn has become a major destination for both Thai…
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Thai government backs new AI law to boost investment
The government has expressed readiness to endorse the current draft of principles for the artificial intelligence (AI) law, aiming to ensure uniform regulations for AI developers and service providers. The principles are designed to foster rather than deter investment. These principles address safety standards for AI systems, data management for AI development, and risk levels concerning personal data. Wisit Wisitsora-at,…
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‘Pre-bed purchase’ trend takes over Thailand’s shopping habits
Forget late-night snacks – in Thailand, the hottest thing at 9pm is a shopping spree. Thai consumers are increasingly embracing a unique habit: the “pre-bed purchase,” where online shopping peaks just before bedtime. This shift is transforming the retail landscape, with health and beauty products consistently topping wish lists across all demographics. The trend, driven by a desire for relaxation…
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Thai Fruits Festival 2025 launched to boost domestic durian sales
The Department of Internal Trade (DIT) and the Thai Fresh Market Association have jointly initiated the Thai Fruits Festival 2025 by DIT to distribute quality durian and promote domestic consumption, aiming to support local fruit prices. Goranij Nonejuie, Deputy Director General of the DIT, announced the collaboration with the Yes Bang Phli market in Samut Prakan to enhance fruit consumption…
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Thai-Cambodia border tensions rattle SET index
Tensions at the Thailand-Cambodia border have unsettled investors, with the Stock Exchange of Thailand (SET) index declining by 4.8% since May 15. Krungsri Capital Securities (KCS) reported that cross-border commerce disruptions and shaken confidence in sectors linked to Cambodia, such as beverages, food, cinemas, and hospitality, are contributing factors. Carabao Group, which generates 10% of its sales from Cambodia, and…
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Hotel boss eyes Thai tourism slump as golden opportunity
Thailand’s tourism sector may be cooling off, but one hotel boss is turning up the heat — and he’s betting big on local travellers. Despite a slowdown in international arrivals, Koko Global Hospitality (Thailand) Co Ltd (KGH), the operator behind the Kokotel hotel chain, is expanding its footprint across the region. The company’s chief executive, Rei Matsuda, believes the current…
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Thailand sukiyaki price war heats up as restaurants slash prices
Sukiyaki restaurants are slashing their prices in a fierce battle to attract customers, as tighter budgets and the sluggish economy continue to affect consumer spending. However, while the price war promises short-term gains, its long-term impact on sales and brand perception remains uncertain. Leading the charge are MK Restaurants and Suki Teenoi, two major players in the local sukiyaki scene.…
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Thailand invests 300 million baht in Thai AI language model
The National Science and Technology Development Agency (NSTDA) has collaborated with Siam AI Corporation to launch a Thai large language model (LLM), aiming to enhance Thailand’s artificial intelligence (AI) capabilities and sovereign AI strategy. Siam AI has committed an investment of 300 million baht to support this initiative. During the memorandum of understanding signing with Siam AI Corporation last Friday,…
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