business
- Guides
Infinito helps hotels in Thailand with revenue management
Maximising revenue and profit–isn’t that the ultimate goal for every business in the hospitality industry? If you run a hotel, you might have heard that revenue management is an effective way to boost your top-line revenue. It involves using data and analytics to predict demand, adjust prices, manage risk, and distribute rooms effectively to maximise profits. Surprisingly, despite its effectiveness,…
- Business News
WHA Corporation invests 60 million baht in AI for green logistics
WHA Corporation, Thailand’s leading developer of built-to-suit logistics facilities, is intensifying its investment in artificial intelligence (AI) to enhance its green logistics operations and ultimately transition into a tech company. This year, WHA plans to allocate 60 million baht to AI technology, which is expected to significantly boost business efficiency, according to the Group Chief Executive and Chairman of the…
- Business News
Thai Union posts 1.2 billion baht Q2 profit, up 14.2%
Thai Union Group Plc has recorded a net profit of 1.2 billion baht in the second quarter of this year, marking an increase of 14.2% compared to the same period last year. Sales for the group rose by 3.6% year-on-year, reaching 35.3 billion baht. The gross profit margin remained at 18.5%, the second-highest in the company’s history. The net interest-bearing…
- Thailand News
Business ties: Thailand extends visa-free stay for Hongkongers
Thailand’s extension of visa-free visits for Hong Kong residents is expected to bolster business relations and entice more visitors from the financial hub, despite a recent murder-suicide incident in Bangkok, according to industry leaders. The tragic event, involving six people, has not deterred travel plans, they emphasised. Anthony Lam Sai-ho, Executive Deputy Chairman of the Federation of Hong Kong Industries, praised…
- Thailand News
Thailand restaurant market to hit 400 billion baht in 2024
Central Restaurants Group (CRG) anticipates a 5% sales growth in 2024, driven by the digital wallet handout scheme, while Thailand’s restaurant market value is projected to reach 400 billion baht this year. Nath Vongphanich, CRG President, addressed the ruling Pheu Thai Party’s upcoming 10,000-baht digital wallet handout scheme, expected to launch in the fourth quarter. He mentioned that the company…
- Business News
CIMB promotion offers increased interest rates for saving accounts
CIMB Thai is offering a new range of savings accounts with increased interest rates until the end of July. Beginning on June 1, CIMB Thai customers who open a ‘Speed Savings Account’ will receive an increased bonus interest rate to help grow their savings. Each savings account will receive a base interest rate adjusted based on the total amount of…
- Business News
Phyathai Hospital celebrates app success with healthcare promotions and benefits
Phyathai Hospital has announced healthcare promotions to celebrate 500,000 people downloading their Health Up mobile application. Until September 30, patients at Phyathai-Paolo Group hospitals can access a 2-for-1 deal on specialised medical assessments and evaluations. Individually, these services cost 5,500 THB, but users who provide proof of registering with the app can book one additional Health Up Celebration package for…
- Business News
Energy Absolute’s chairman steps up as CEO amid allegations
Energy Absolute’s board promoted chairman Somchainuk Engtrakul to the roles of director and acting chief executive following allegations of fraud against the former CEO by the stock exchange regulator. The decision by the EA board took effect immediately on Sunday. This move came after former CEO Somphote Ahunai and his deputy Amorn Sapthaweekul resigned on Friday. The resignations followed accusations…
- Business News
Minor International celebrates sustainable business achievements
Minor International (MINT) is celebrating the efforts of businesses who have committed to sustainable growth and operating ethically. MINT, a Thai multinational company, specialises in hospitality, restaurant and lifestyle businesses located across 63 countries. Serving customers from the Asia-Pacific all the way to the America’s, MINT’s business portfolio consists of thousands of providers of food, hotels and tourism experiences. Seeing…
- Business News
E-Foreign Business service said to simplify foreign investments
The Department of Business Development (DBD) is set to launch a new online service this month, the e-Foreign Business is aimed at streamlining the process for foreign investors to apply for business permissions in Thailand. Director-General of the DBD, Auramon Supthaweethum highlighted that the new system is designed to shorten the processing time for business registrations and reduce the volume…
- Thailand News
Thai outbound travel unaffected by cheap tour packages
Thai outbound tour groups remain largely unaffected by cheaper travel packages, as the majority of current outbound travellers possess high purchasing power and seek quality offerings. Price dumping for package tours has been prevalent in destinations such as South Korea, Macau, and Italy, leading to governmental crackdowns on these practices. The Thai Travel Agents Association (TTAA) Vice-President, Chotechuang Soorangura, remarked…
- Business News
Tax relief planned for businesses after minimum wage hike
The Finance Ministry is poised to introduce measures to support businesses impacted by the recent increase in the minimum wage. The ministry confirmed that the wage hike must be paired with tax measures to lessen the burden on businesses, following precedents set by past wage increases. Deputy Finance Minister Julapun Amornvivat stated that the goal of the minimum wage increase…
- Business News
Thai sugar producer withdraws from challenging Cambodian market
Khon Kaen Sugar Industry Plc (KSL), Thailand’s third-largest sugar producer, has withdrawn its investment in the Cambodian market due to unfavourable business conditions, marking a significant setback in its regional expansion plans. According to KSL President Chalush Chinthammit, years of persistently low global sugar prices, a sluggish market in Cambodia, and the underutilisation of the Generalised System of Preferences (GSP)…
- Thailand News
Taking off: Really Cool Airlines CEO ready to revolutionise air travel
After 14 years as the mastermind behind Nok Air, Really Cool Airlines CEO Patee Sarasin is back with a daring new venture promising to shake up the airline industry. At 62, Patee believes that the winds of change are about to sweep through the world of air travel. Having witnessed the tumultuous impact of the Covid-19 pandemic on the aviation…
- Search Engine Marketing (SEM)
How to choose the right CMS to meet business needs
A CMS is crucial to the management of your online presence, it is the software that enables the optimisation, management, and creation of your digital content. But how do you choose the ideal one that aligns with your business needs? This guide will explore the pivotal points to consider when selecting a CMS. From comprehending your business needs to critically…
- Thailand News
Finance Ministry to launch new 100 billion baht investment fund
Plans are underway at the Finance Ministry to establish a new investment fund similar to the previous state-controlled Vayupak Fund, aimed at bolstering Thai shares with strong fundamentals. This initiative is expected to be finalised within two weeks. Finance permanent secretary Lavaron Sangsnit announced that the new fund is projected to attract a minimum of 100 billion baht into the…
- Business News
Weak economy and loan restrictions further plummets pickup sales
Domestic car sales are facing significant challenges as pure pickup sales dropped by 40.8% in the first five months of 2024, primarily due to a weak economy and difficulties in accessing loans, according to the Federation of Thai Industries (FTI). From January to May, sales of pickup trucks fell by 40.8% year-on-year to 75,510 units. While sales of pickup passenger…
- Business News
PDMO issues 20 billion baht in ESG bonds
The Public Debt Management Office (PDMO) is set to issue 20 billion baht in sustainable bonds to institutional investors this year. The public debt advisor for PDMO, Jindarat Viriyataveekul, stated that these bonds are designed for businesses adhering to environmental, social, and governance (ESG) principles. Sustainable bonds are a subset of ESG bonds, and PDMO currently has 467 billion baht…
- Thailand News
Thailand’s exports surge in May with agricultural products
Thailand’s exports reached their highest level in 14 months, achieving a 7.2% year-on-year growth in May, largely due to a surge in agricultural products. Director-General of the Trade Policy and Strategy Office Poonpong Naiyanapakorn announced that the value of exports in May expanded to US$26.2 billion (approximately 960 billion baht), marking a significant gain of 7.2%. Thai shipments, excluding gold,…
- Thailand News
Lazada denies divestment plans in Thailand amid growing rumours
Lazada Group has firmly denied any plans for divestment in Thailand, asserting that there are no ongoing discussions with investors regarding such a move. A company spokesperson addressed the circulating rumours. “Lazada Group is not considering any divestment of our business in Thailand and is not in discussion with any investors on this topic. Any rumours stating otherwise are untrue.”…
- Business News
Why is Thailand a great place to get custom suits made?
Custom clothes are a common site, not just in Thailand but across Southeast Asia. Tailoring is an age-old profession in Thailand and Vietnam and is especially popular within the Sikh communities. In Thailand, tailoring is more than just a service; it’s an experience that shows how traditional skills can be combined with modern style. Let’s explore the world of custom…
- Search Engine Marketing (SEM)
Is linkedin really a good source for lead generation
LinkedIn, the renowned platform for professional connections, holds significant magnitudes of potential for lead generation a possibility that’s been intriguing marketers over the recent past. Its algorithm, purposed to emphasise engaging, relevant content, offers a potentially fertile landscape for businesses seeking to broaden their exposure. However, traversing this realm may not be as simple as it first appears. The algorithm…
- Search Engine Marketing (SEM)
How to use STP framework for effective marketing
Imagine a marketing tool that not only enhances your understanding of your customers but also empowers you to effectively reach and convincingly persuade them. Welcome to the realm of the STP framework, a potent device that allows you to segment your marketing analytics to create bespoke and compelling campaigns. The STP framework, an acronym for Segmentation, Targeting, and Positioning, consists…
- Business News
More new businesses than closures in Thailand, employment stable
New business registrations in Thailand continue to outpace factory and business closures, with employment figures remaining stable, according to the Bank of Thailand. Assistant Governor for the Monetary Policy Group and Secretary of the Monetary Policy Committee, Piti Disyatat stated that the central bank is not alarmed by the current rate of factory and business closures, as they are fewer…
- Thailand News
Buzzing battle: Bangkok unites businesses to combat dengue fever
Bangkok Metropolitan Administration (BMA) and the Department of Disease Control (DDC) are actively collaborating with businesses to combat the rising incidence of dengue fever, a situation exacerbated by the expanding range of dengue-carrying mosquitoes due to climate change. To commemorate ASEAN Dengue Day, which occurs on June 15, BMA and DDC, in partnership with Kao Industrial (Thailand) Co. Ltd., Takeda…
- Lifestyle
Negotiations and bartering business in Thailand
Whether your interest lies in acquiring a high-end residence in the thriving city of Bangkok, or is searching for price-suitable deals at the energetic Chatuchak market, it is crucial to comprehend the skill of negotiation. The marketplace in Thailand is an active process of bargaining, wherein a properly-timed cordial smile and an agreeable counter-proposal can transform an average business interaction…
- Thailand News
HR leaders urged to align vision for strategy success
Aligning every member of an organisation with a unified vision has become essential in today’s fast-changing business environment. The recent HR Talk, titled E=AMC: Unlocking the Code — How HR Can Turn Strategy into Action, delved into this theme, offering significant insights into how Human Resources teams and leaders can transform strategic visions into concrete results. Distinguished speakers at the…
- Business News
New pathways to CEO roles ensures leadership transformation
Leadership is undergoing profound changes, reshaping the pathways to executive roles. The role of CEOs today is distinctly different from a decade ago, as the demands of constant connectivity and the need for agile responses to global shifts have transformed the landscape. CEOs must now embody vision, resilience, and adaptability, moving beyond past experiences and traditional strategies. They need to…
- Thailand News
How big data is shaping business decisions
The paradigm of the contemporary digital era, the term big data has evolved from a mere buzzword to a critical determinant, influencing every quarter of business operations. It is restructuring the process by which decisions are rendered, transitioning from instinctual and conjectural considerations to strategies rooted deeply in empirical data. This shift represents not a transient wave, but an imperative…
- Business News
Foreign business as usual: Thailand schools diplomats on investment
The Department of Business Development in Thailand hosted a briefing for diplomats and international organisation representatives to clarify the Foreign Business Act (FBA) of 1999. The objective was to educate foreign investors on the law to ensure compliance and proper investment practices in Thailand. The Director-General of the Department, Auramon Supthaweethum, stated that the meeting aimed to help foreign investors…
