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 Limited-time deal: Save 20% on Cigna's expat health plans forever
Starting a new life abroad is exciting—new culture, new lifestyle, and new chances to grow. But living far from home also means taking steps to protect your health in unfamiliar surroundings. Without the right coverage, even small health issues can...
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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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How to save this Black Friday in Thailand
Black Friday’s here again. It comes around fast, doesn’t it? November 29 is the big day this year, and the usual frenzy will hit both stores and websites, packed with deals begging for attention. Shoppers in Thailand, get ready. Whether you’re browsing Lazada, Shopee, or even global sites like Amazon, Black Friday has plenty of opportunities to save. But let’s…
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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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Buckle up: Thai auto shifts gears for loan market acceler-ace-tion
Hold onto your seat belts, folks, because CIMB Thai Auto is gearing up for a high-octane comeback in the used car loan market. The subsidiary of CIMB Thai Bank (CIMBT), known for its expertise in financing pre-loved motors, has its eyes set on a market turnaround next year, fuelled by a gradual economic recovery and cooling interest rates. Upbeat Managing…
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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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Thailand on the offensive with DE-fence against call centre scams
In a bold move to tackle the ever-growing menace of call centre scams, the government’s Digital Economy and Society Ministry is pulling out all the stops by developing a cutting-edge platform, DE-fence. Slated for an early 2025 debut, this high-tech watchdog will act as a first line of defence against dodgy calls and deceitful texts. It promises to arm the…
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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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Thailand economy gives a surprise ‘Thai’ five with Q3 growth leap
Thailand’s economy just delivered a surprise package of positive news! Official figures released today, November 18, reveal that the nation’s economic growth has leapt to a striking 3.0% increase in the third quarter compared to last year, leaving analyst predictions of 2.6% in the dust. In a stellar performance, Southeast Asia’s second-largest economy also recorded a seasonally adjusted growth of…
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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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Thailand consumer confidence rises for first time in eight months
Consumer confidence in Thailand saw its first improvement in eight months this October, driven by reduced concerns over recent floods and improved economic conditions influenced by government policies. The University of the Thai Chamber of Commerce (UTCC) reported a rise in the consumer confidence index to 56, up from 55.3 in September. The consumer confidence index, which measures consumers’ outlook…
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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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Tourism and gambling: The influence of Thai and Australian casinos on global travel
Tourism plays a major role in countries like Thailand and Australia. Admittedly, it’s more significant for the former, but the latter has been able to benefit in the past from the amount of foreign travel to the country that has been experienced. According to a report by Reuters, Thailand broke its record for tourism numbers and revenues in 2019. That…
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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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Thailand plans 14 new floating solar farms to boost renewable energy
The Electricity Generating Authority of Thailand (EGAT) is pushing forward with the development of 14 new floating solar farm projects as part of its strategic efforts to increase renewable energy production. These projects, with a combined capacity of 2,656 megawatts, are set to be constructed on the reservoirs of seven hydroelectric dams under the latest national power development plan (PDP) for…
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Grain expectations: Thailand ‘rices’ to occasion with export boost
Thailand is on track to bolster its rice exports to 9 million tonnes this year, potentially generating 230 billion baht (US$6.4 billion), according to the Commerce Ministry. This optimistic projection follows the country’s successful export of 7.45 million tonnes in the first nine months, already yielding 172 billion baht (US$4.95 billion) in revenue. This marks a notable year-on-year increase of…
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Bangkok: Ratchadaphisek land listed for 11 billion baht sale
A prominent businessman has put a substantial parcel of land up for sale in the Ratchadaphisek area, valued at 1.5 million baht per square wah, amounting to over 11 billion baht. This prime location has attracted interest from Chinese investors keen on developing a hotel. Over 19 rai of land, located along Ratchadaphisek Road and near the Eastern Orange Line…
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Thai baht hits lowest level amid central bank independence fears
Thailand’s baht suffered a significant drop, marking the largest decline among Asian currencies amid growing concerns over the diminishing independence of the nation’s central bank. The baht depreciated by over 1% to 34.739 against the US dollar, reaching its weakest level since August 19. This decline followed reports that Kittiratt Na-Ranong, a former finance minister known for his critical stance…
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Hippo hooray: Moo Deng ‘charges’ up Chon Buri’s tourism boom
Chon Buri province is experiencing a significant boost in tourism revenue, largely due to the popularity of a baby pygmy hippo named Moo Deng. This charming young hippo, only four months old, has become a major attraction at the Khao Kheow Open Zoo. Governor Thawatchai Srithong announced that Chon Buri’s tourism-related revenue reached 27 billion baht (US$777 million) from July…
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