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 How to reduce out-of-pocket medical expenses in Thailand?
Managing medical expenses in Thailand is important as healthcare costs continue to rise. The country’s healthcare system includes both public and private options, but even with the Universal Coverage Scheme (UCS) for citizens, many still face high out-of-pocket medical expenses....
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Land of smart: Thailand’s AI ambitions set to smile on the future
Hold the front page! Thailand is making some serious waves in the world of artificial intelligence (AI). The Land of Smiles is rolling up its sleeves to become a key regional centre for AI training, partnering with the United Nations Educational, Scientific and Cultural Organisation (UNESCO). This clever move is all about leading the charge in helping developing countries tackle…
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Thai banks remains cautious despite liquidity surplus
Thailand’s banking sector is experiencing a significant liquidity surplus, according to a Bank of Thailand (BoT) assistant governor. The central bank has not yet increased its lending oversight, indicating a cautious approach by banks when it comes to extending loans. Sakkapop Panyanukul, in an article featured on the BoT’s website, explained that banks’ lending decisions are closely tied to the…
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Chinese firms eyeing 90 billion baht investment in Thai tech sectors
Concerns about potential high tariffs on Chinese exports under the incoming US president’s administration are prompting Chinese entrepreneurs to consider substantial investments in Thailand, according to the Board of Investment (BoI). The anticipated investments, valued at 90 billion baht, are expected to focus on sectors such as electric vehicle (EV) battery manufacturing, data centre equipment, and biodegradable packaging. Narit Therdsteerasukdi,…
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Israeli food tech could elevate Thailand’s agriculture sector
Israeli food technology has the potential to significantly enhance Thailand’s agriculture sector, according to Israeli Ambassador Orna Sagiv. Speaking at the Savor the Future of Food: Satisfy Your Hunger with Israel’s Innovation event in Bangkok held recently, Sagiv highlighted Thailand’s vital role as the kitchen of the world, emphasising its major contributions to food production and supply on a global scale.…
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Thailand’s biz boom buzzes past 90,000 as exports, tourism take off
Thailand’s business scene is buzzing, with new registrations expected to smash through the 90,000 mark this year. This surge comes courtesy of a rebound in exports and tourism alongside government stimulus measures kicking in as 2024 draws to a close. According to Auramon Supthaweethum, the Director-General of the Department of Business Development (DBD), there was a promising 2.18% uptick in…
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Thailand’s TV dramas to ‘script’ new chapter in economic growth
Thailand’s TV dramas are set to become the next big thing in economic growth as the government throws its weight behind the creative industry. In a bold move, a dedicated subcommittee has been established under the National Soft Power Development Committee to craft policies turbocharging the sector. With traditional TV viewership dwindling, channels are dusting off old classics and cutting…
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Michelin shifts gears: Revs up investment amid Thailand’s EV push
Iconic French tyre manufacturer Michelin is turbocharging its investment in Thailand, eager to ride the wave of the government’s electric vehicle (EV) push, even as local car sales take a dip. With the pedal to the metal, Michelin plans to rev up sales by rolling out cutting-edge products and eco-friendly technologies in line with the global shift towards sustainable business…
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Crypto rockets: Bitcoin set to reach new heights
Bitcoin’s star is on the rise, with traders buzzing about the possibility of its price rocketing from a cool US$98,000 to a dazzling US$180,000. This optimism stems from the hope of the Federal Reserve slashing interest rates next year and a flood of interest from big-money institutional investors. Bitcoin hit an all-time high of US$98,000, yesterday, November 24, thanks to…
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Nissan Thailand denies complete shutdown, only partially
Nissan Motors is slashing jobs and scaling down operations in Thailand as it grapples with declining market share and increased competition from Chinese automakers. In a dramatic twist to its global restructuring plan, unconfirmed local reports suggest the Japanese car giant is planning to cut around 1,000 jobs in Thailand—part of a worldwide layoff affecting 9,000 employees announced earlier this…
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AirAsia plans low-cost hubs in Bangkok and Kuala Lumpur
Well-known discount airline AirAsia is setting its sights on replicating the global connectivity success of Dubai but with a low-cost twist centred in Bangkok and Kuala Lumpur. After navigating the challenges posed by the Covid-19 pandemic, the airline is eager to expand its network and leave its tumultuous past during the pandemic behind. Tony Fernandes, the founder of AirAsia, envisions using…
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Crypto the future: Thailand coins new digital investment arena path
Thailand is making strides to become a regional leader in digital asset investment, with the government pledging to create opportunities and enhance accessibility in this burgeoning market. Deputy Finance Minister Julapun Amornvivat emphasised the importance of collaboration with the private sector to support the growth of digital assets during a keynote speech at a Binance TH event. In his address,…
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Bitcoin nears US$100,000 as Trump boosts investor confidence
Bitcoin‘s rapid ascent towards the US$100,000 mark gained momentum today, driven by investor optimism about a potential supportive stance from the incoming US administration under President-elect Donald Trump. Traders in Asia saw bitcoin prices surpass US$96,000 for the first time, reaching a peak just above US$96,898. This year has witnessed a dramatic surge in bitcoin’s value, with its price more…
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GTA reports gold prices glisten amidst market chaos
In a refreshing change from recent volatility, the Gold Traders Association (GTA) sparkled with an announcement that gold prices are holding firm today, maintaining the surge seen earlier. For the shrewd investor or even the casual enthusiast watching their assets, this is golden news. Gold ornaments are on offer for 43,600 baht per baht weight, mirroring yesterday’s closing figures, much…
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Page turner: Thailand’s book market writes 2025 comeback story
Thailand’s book market is on the cusp of a thrilling new chapter, as publishing prospects for 2025 glisten under the warm glow of an economic upswing. The Publishers and Booksellers Association of Thailand (PUBAT) is buzzing with optimism, as executive committee member Theerapat Charoensuk reveals that the nation’s literary scene is poised for robust growth, propelled by the country’s economic…
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Thailand ranks in top three for Southeast Asia IPOs
Thailand has emerged as one of the top three initial public offering (IPO) markets in Southeast Asia, securing 26% of the total fundraising in the region. This achievement reflects a robust pipeline of IPOs, particularly in the consumer, healthcare, and real estate sectors, according to global consultancy Deloitte. As of yesterday, November 19, Thailand conducted 29 IPOs in the year,…
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Thailand boosts Chinese investment with new roadshow in China
Thailand is actively promoting itself as an investment destination for Chinese businesses by organising a new roadshow in China. The initiative, led by the Board of Investment (BoI), aims to showcase the potential business opportunities available to Chinese investors, especially in the sectors of electric vehicle (EV) battery manufacturing and smart electronics. Deputy Prime Minister Pichai Chunhavajira, who also serves…
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Thai investment roadshow heads to Shanghai to court investors
Thailand’s Finance Minister and Board of Investment (BOI) Chairman Pichai Chunhavajira will lead a delegation to Shanghai this week for a four-day investment roadshow, targeting high-tech manufacturers and EV industry players. BOI Secretary-General Narit Therdsteerasukdi announced that the mission, running from tomorrow, November 19 to 22, aims to attract Chinese manufacturers, particularly those specialising in EV battery cells and advanced…
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Medeze scoops prestigious industry award for stem cell innovation
MEDEZE Group Public Company Limited hit a high note in the world of regenerative medicine, bagging the coveted ACES Award for Industry Champions of the Year. This accolade shines a spotlight on the firm’s monumental strides in stem cell banking across Southeast Asia, celebrating its impressive evolution from Bangkok Stem Cell in 2010 to Thailand’s top mesenchymal stem cell bank…
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Thailand set to ‘stir up’ the economy with juicy stimulus carrot
Thailand is gearing up to dangle a glittering economic carrot with a new stimulus package set to roll out by year’s end, stretching well into 2025. This ambitious plan aims to supercharge the country’s economy, injecting life into key sectors and rallying national growth. In the corridors of power, Deputy Finance Minister Julapun Amornvivat revealed that the top-tier economic stimulus…
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Banpu strikes a green chord amid energy chaos
While the energy industry faces turbulent times, Thai powerhouse Banpu is staying the course, determined to hit the right note with its ambitious green agenda. Listed on the Stock Exchange of Thailand (SET), Banpu is full steam ahead in its mission to produce quality energy with a keen focus on environmental care, even as market volatility looms large. Under the…
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EV excitement with a shock: Thailand’s green dream hits a snag
Thailand’s electric vehicle (EV) industry may be sparking excitement but beneath the surface, a storm of challenges is threatening to short-circuit the nation’s EV ambitions. Despite a surge in EV usage, the sector is grappling with poor domestic car sales, sluggish economic growth, crippling household debt, and cutthroat pricing wars that could derail its progress. Chinese EV manufacturers, with their…
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Thailand’s debt drive: Putting the brakes on cars and homes
The financial woes of Thailand have taken centre stage as crippling debt levels put the brakes on car sales and curb the housing market, particularly among low-income households. With banks wary of non-performing loans (NPLs), many hopeful borrowers are seeing their applications for mortgages and car loans hit the skids. In response, the government is steering new initiatives to tackle…
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Thai elderly to soon receive 10,000 baht cash aid: Finance Ministry
The Ministry of Finance is poised to introduce a one-time cash payment initiative targeting the elderly, as confirmed by Deputy Finance Minister Paopoom Rojanasakul. This proposal, amounting to 10,000 baht, will be presented during the upcoming economic stimulus policy committee meeting scheduled for Tuesday, November 19. This new measure specifically excludes state welfare cardholders and disabled individuals who previously received…
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The rise of online casinos in Southeast Asia: A look at live casino trends
The online casino scene in Southeast Asia has seen tremendous growth, particularly with the rise of live casino platforms. These digital spaces offer players a unique blend of convenience and excitement, allowing them to engage in their favourite games from the comfort of their homes. As technology continues to evolve, the trends shaping the live casino experience are becoming increasingly…
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Bangkok Motor Expo shifts into high gear to rev up bookings
Buckle up, folks! The 41st Bangkok International Motor Expo is zooming into town tomorrow, and car distributors are hoping for a much-needed boost in bookings, despite the market feeling like it’s stuck in first gear. Last year saw a whopping 53,248 bookings, and this time around, organisers are revved up to beat that record this year. Kwanchai Paphatphong, the man…
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Thailand explores nuclear energy amid gas supply concerns
The Energy Regulatory Commission (ERC) is gearing up for a deep dive into the legalities of a new small modular reactor (SMR) project right here in Thailand. The nation is at a crossroads, and embracing nuclear energy could be its ticket to a future-proof power grid. Why now, you ask? The country’s domestic gas supplies are drying up, and talks…
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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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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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Thai hoteliers worry foreign businesses could harm tourism image
Concerns have risen among Thai hoteliers over the increasing use of Thai nominees by foreign businesses, which they fear may tarnish Thailand’s tourism reputation. The Thai Hotels Association’s (THA) monthly sentiment index highlights this growing unease, especially as the high season begins. THA President Thienprasit Chaiyapatranun revealed that nearly half of Thailand’s hotels express apprehension about illegal foreign investments, particularly…
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