business
- Thailand News
Thai supermarket Big C to launch four new branches
Big C Supercenter Plc, one of Thailand’s biggest supermarket and convenience store chains, is set to expand with the launch of four additional branches by the end of 2025. Company Chief Executive and President Aswin Techajareonvikul announced plans to renovate 18 existing stores and open one new store this year, with a total investment of 5 billion baht. “Moreover, the…
- Events
Exclusive event for the brightest business minds in the ASEAN region
FACE, in collaboration with the ASEAN Economic Forum, is proud to present an exclusive networking event tailored for business leaders across Southeast Asia. This highly anticipated event is set to take place on September 20 at the Waldorf Astoria. The event promises to bring together the region’s most influential CEOs, founders, and investors for an evening of dynamic pitches, strategic…
- Thailand News
Thailand’s delivery and ride-hailing GMV hits US$5bn in H1 2024
Thailand’s online food delivery and ride-hailing services saw a significant rise in gross merchandise value (GMV) in the first half of 2024, reaching US$5 billion (approximately 168 billion baht), as reported by India-based Redseer Strategy Consultants. Both sectors are anticipated to maintain double-digit growth from 2023 to 2028, propelled by robust demand among digital consumers and an increasing number of…
- Thailand News
Major Udon Thani pub to reopen after partners resolve dispute
A major pub in Udon Thani will reopen by the end of this month following a negotiation between its partners. Over 100 employees, left jobless by the sudden closure, can now look forward to returning to work. Employees from a prominent pub in Udon Thani municipality filed a complaint yesterday, September 2, with the Udon Thani Governor through the Damrongdhama…
- Thailand News
Commerce Ministry cracks down on hidden foreign ownership
The Commerce Ministry intensifies its scrutiny of businesses allegedly using Thai nominees to hide foreign ownership, focusing on sectors like tourism, real estate, and logistics. Auramon Supthaweethum, director-general of the Department of Business Development, stated that under the Foreign Business Act of 1999, foreign firms must secure permission as outlined in specific lists before starting operations. A Thai limited company…
- Thailand News
Kenyan envoy urges stronger Thai-African trade and academic ties
Thailand and African nations should enhance bilateral trade, investment, and academic exchanges to foster stronger ties and expand business prospects, according to Kenyan ambassador to Thailand, Kiptiness Lindsay Kimwole. Speaking at a press conference yesterday, August 28, Kimwole, who also serves as the dean of the African Ambassadors’ Group, advocated for increased Thai investment in Africa. His comments were made…
- Thailand News
Thailand’s female CEOs soar but the gender equality gap remains
Thailand’s female business leaders are smashing glass ceilings at an impressive rate, but the country’s gender equality struggle is far from over. With 32% of senior leadership positions in Thai businesses held by women, compared to a global average of 27%, Thailand boasts one of the highest ratios of women CEOs in the world. Nearly 90% of businesses in Thailand…
- Thailand News
Nonthaburi noodle vendor investigated for gold purchase taxes
A noodle vendor in Nonthaburi announced plans to purchase an additional 100 baht of gold jewellery, despite already owning over 40 baht of gold. This revelation sparked discussions on social media about the profitability of his business amidst an economic slowdown and rising gold prices. The owner of Hong Te Noodle, Rangsan Suwannason or Cake, located in front of Krisada…
- Thailand News
GMM Music partners with Warner Music Asia in massive deal
GMM Music announced a strategic investment partnership with Warner Music Asia (WMA), one of the world’s leading music industry giants. WMA will invest 370 million baht in cash and provide a minimum guarantee payment of 315 million baht to accelerate GMM Music’s growth and expand the Thai music industry, the largest in Southeast Asia, to a global market. Chief Executive Officer…
- 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…
- Business News
Virgin Active celebrates 10 years of operation in Thailand
Virgin Active Thailand is celebrating 10 years of operations and is looking to continue boosting the health and wellness of the country. Part of the Virgin Group global portfolio, Virgin Active currently has 8 clubs in Thailand, which deliver nearly 60,000 exercise classes yearly. Country Director for Virgin Active in Southeast Asia, Julien Bera, sees the 10th anniversary as a…
- 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…
- Thailand News
GMM strikes a chord with Tencent, plans IPO crescendo
Thailand’s largest music company, GMM Music, is gearing up for an initial public offering (IPO) as early as this year, thanks to a significant equity investment from China’s Tencent Holdings. GMM Music’s Chief Marketing Officer Fahmai Damrongchaitham revealed in a candid interview with Bloomberg Television that the company is aiming for an IPO as soon as possible, depending on the…
- 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…
- Thailand News
Spicy new arrival: Rosa’s Thai set to sizzle
Work is well underway as the launch of Rosa’s Thai restaurant at Chantry Place, Norwich, UK draws near, with eye-catching billboards now advertising the grand opening. This will be the first Rosa’s Thai in East Anglia, joining the ranks of 41 other locations across the UK. The new restaurant, which will employ a team of 25, is set to open…
- 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…
- Business News
Robinhood app to cease operations on July 31, SCB announces
Thailand’s beloved Robinhood application will cease operations on July 31, as announced by Siam Commercial Bank (SCB) yesterday. Offering commission-free food delivery, hotel booking and various other services, Robinhood announced that they have fulfilled their mission of supporting riders and small businesses during difficult times. SCB X Plc, the holding company for SCB and its affiliates, stated that Robinhood had…
- 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,…
- Business News
Political risks threaten foreign investment in Thailand
Siam Commercial Bank (SCB) EIC Research Centre warns that heightened political risks are casting a shadow over foreign investment in Thailand’s financial, capital, and long-term direct investment markets EIC Chief Economist Somprawin Manprasert warned that various political risks and uncertainties could significantly impact foreign investor confidence and lead to substantial capital outflows from offshore investors in the Thai equity market.…
- 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…
