business
- Business News
Thailand’s future depends on nurturing innovative talent
Thailand’s future hinges on becoming a dynamic centre of innovative talent and progress. The pivotal element in realising this vision lies in securing the right talent—those who bring ideas to life and spearhead transformative change. Throughout a lengthy career, it has been evident that exceptional talents do not merely meet expectations, they redefine them. Good performers play their roles well,…
- Lifestyle
The pros and cons of participating in the gig economy
With the rise of the gig economy, more people these days are choosing to work as independent contractors and freelancers. Since it provides flexible, temporary work options and introduces a fresh viewpoint on autonomy and work-life balance, it is revolutionising the traditional job market. However, because it has less job stability and typical employment benefits, it raises questions about equality…
- Thailand News
BrewDog’s Bangkok expansion: What this means for Thai nightlife
Multinational brewery and pub chain BrewDog is shaking up the Bangkok bar scene with its latest announcement, partnering with Atalanta Hospitality to open its first bar in Thailand, part of a major push into the Asian market. BrewDog, known for its edgy branding and innovative brews, currently operates over 100 bars and hotels worldwide. Last year, it ambitiously unveiled plans…
- Business News
Former executive brings fresh perspective on talent management
A former corporate executive and business consultant, with over 15 years of experience working across various industries, recently transitioned into writing business articles and offering expert commentary on business-related matters. With a newfound focus on continuously evolving business strategies and management principles, the 42 year old former executive now leverages in-depth knowledge of market trends to decipher the complexities of…
- Business News
KBank restricts digital personal loans to refine business model
Kasikornbank (KBank), known for its leading mobile banking services, has strategically slowed down its digital personal loan operations. The move aims to refine its business model and enhance the quality of its loan products, according to its Chief Executive Kattiya Indaravijaya. Kattiya revealed that there is no specific timeline for the completion of the business model improvement. However, she assured that…
- Business News
Thai energy business reports 2.6% decline in Q1 fuel consumption
The Department of Energy Business (DOEB) reported a 2.6% decline in fuel consumption in the first quarter of the year, amounting to 156.7 million litres per day. This decrease is attributed to the expiration of the capped price policy. The Director General of DOEB, Sarawut Kaewtathip, noted a rise in the daily average volume of jet fuel and liquefied petroleum…
- Business News
Citi expands medium-sized business operations in Thailand, Asia
International bank Citi is set to aid the expansion of medium-sized businesses in Thailand and Asia. The move comes as economies in these regions experience high growth rates, presenting lucrative opportunities for companies to penetrate overseas markets. The managing director and head of Citi Commercial Bank (CCB) for Asia North, Australia, and Asia South, Gunjan Kalra, highlighted Asia’s rapid economic…
- Business News
Kasikornbank and SUN group fund Thai solar startup Ion Energy
Kasikornbank’s subsidiary Beacon Venture Capital has collaborated with Indonesia’s Solar United Network (SUN) Group to complete a Series A funding round for Ion Energy, a solar energy startup based in Thailand. The funding round closed at US$3 million. Ion Energy offers affordable, clean energy solutions to both residential and commercial sectors within Thailand. Beacon Venture Capital Managing Director Thanapong Na…
- Guides
Navigating the differences between Thai and Western work cultures
Exploring the core of global diversity prompts one to consider the distinct disparities between Thai and Western work cultures. This examination is not merely an insight into workplace practices but also a deep dive into the essence of cultural identity and its significant influence on daily life. For individuals intrigued by the subtleties of international work environments or contemplating a…
- Thailand News
AirAsia ventures into aviation consulting and planning
AirAsia is looking to expand its horizons beyond Southeast Asia by stepping into the realm of aviation consulting and planning. This strategic move comes as a part of a larger plan to separate its non-aviation ventures from its core aviation business. Tony Fernandes, the chief executive of Capital A, disclosed that a conditional sales and purchase agreement has been finalised…
- Guides
The real cost for startups in Thailand unveiled
Initiating a startup venture in Thailand offers a compelling opportunity, particularly given the nation’s potential for innovation and expansion. The attraction of establishing a business in Thailand, famously known as the Land of Smiles, is significant, attributed to its comparatively low startup costs relative to other nations. However, what does the financial landscape entail for emerging entrepreneurs? Upon exploring the…
- Business News
ExxonMobil projects 10% sales rise in Thailand’s lubricants market
ExxonMobil Marketing, Thailand, projects a 10% rise in sales of its flagship product, Mobil 1 lubricants, this year, ensuring its continued role as a prominent player in the finished lubricants and chemical marketing industry in Thailand. This follows Bangchak Corporation’s acquisition of a 65.99% stake in oil retailer Esso (Thailand) Plc from ExxonMobil Asia Holdings Pte last year, consequently leaving…
- Thailand News
Bangkok crab business owner seeks justice amidst false claims
The owner of the clear-sky crab business in Rama 2, went to Tha Kham Police Station to file a complaint at 10.30am today. This action followed allegations of fraud and physical abuse of a child, which also involved the police station. Guntouch Pongpaiboonwetch, also known as Gun Jomphalang, accompanied by 45 year old Rachot Kamrod, stated his intention to help…
- Business News
Bangkok and JETRO Review 2023 economic trends of Japanese ventures in Thailand
Bangkok discusses JETRO presenting the results of a survey of economic trends of Japanese joint venture companies in Thailand in the second half of 2023 towards the development of Bangkok as a city of economy and hope. Sanon Wangsrangboon, Deputy Governor of Bangkok welcomed Jun Kuroda, Chairman of Japan External Trade Organization, Bangkok: JETRO Bangkok to present the results of…
- Press Room
Techysquad teams up with Centroid Solutions
Techysquad, a leading provider of Forex CRM solutions, is proud to announce its recent partnership with Centroid Solutions, a prime provider of connectivity for multi-asset brokers. This collaboration unites the know-how and resources of both fintech firms to deliver enhanced technology to multi-asset brokers. Through its partnership, Techysquad aims to empower brokers with a complete solution that provides them with…
- Press Room
A match made for success: Libertex’s lucrative IB programme
Libertex, a market player with a resonant name in the global CFD trading arena, creates infinite opportunities for IB Partners in Thailand. Global CFD industry leader Libertex has built a reputation for being a trendsetter. With a long-standing tradition rooting back to 1997, the broker is known to create a space that fosters growth for everyone involved in online trading. …
- Thailand News
Thai prime minister graces TIME cover, signaling business revival
In an assertive move to announce Thailand’s readiness for business, TIME magazine featured Thai Prime Minister and Minister of Finance, Srettha Thavisin, on its March cover The issue hit the newsstands yesterday, capturing the attention of the international community. In a poignant declaration to the world, the 62 year old former real estate tycoon, graced TIME’s cover under the title…
- Business News
Delta Electronics to invest US$1 billion in manufacturing and R&D
Delta Electronics (Thailand), the nation’s premier electronics firm by market capitalisation, is primed to inject between US$500 million and US$1 billion in a bid to enhance its manufacturing and research and development (R&D) capabilities over the next five years. A significant portion of this investment is earmarked for Thailand, disclosed CEO Victor Cheng. Cheng revealed that the capital expenditure surpassing…
- Business News
Thailand risks losing satellite orbit rights at 50.5° East due to vacancy
Thailand’s entitlement to utilise the satellite orbit at 50.5° East may be revoked following its expiration in 2025 due to its prolonged vacancy. There’s speculation in the industry that the upcoming auctions for the unclaimed orbit slots at 50.5° and 142° E by the National Broadcasting and Telecommunications Commission (NBTC) might not be successful. This is due to the expectation…
- Thailand News
Wallaya Chirathivat shapes Thailand’s retail industry
Thailand’s retail industry has been dramatically shaped by the innovative leadership of Wallaya Chirathivat, the President and Chief Executive Officer of Central Pattana Plc (CPN). As the head of one of the country’s most influential retail and property development firms, Wallaya’s strategies have led to significant advancements in the retail sector and her achievements have been recognised both locally and…
- Thailand News
Citi Thailand’s transformative era under Narumon’s leadership
The bustling financial landscape of Thailand is witnessing a transformative era under the leadership of 52 year old Narumon Chivangkur. With an enviable career spanning 28 years at Citi, she currently holds the esteemed positions of Citi Country Officer (CCO) and Banking Head of Citi Thailand. Her journey reflects not only her professional dedication but also her unique blend of…
- Business News
True Corporation and AIS to review auction of key spectrum bands
True Corporation and Advanced Info Service (AIS), both leading mobile phone service operators, are gearing up to review a draft concerning the auction of three key spectrum bands, 850 megahertz, 2100MHz and 2300MHz. The draft is set to be completed by the National Broadcasting and Telecommunications Commission (NBTC) by June. The impetus behind this action is to secure a sufficient…
- Business News
EGCO to utilise Indonesian petrochemical operations for clean energy development
Electricity Generating (EGCO), the power generation subsidiary of the Electricity Generating Authority of Thailand (EGAT), plans to utilise its petrochemical operations in Indonesia to foster clean energy development, with a particular focus on hydrogen fuel. EGCO secured a 30% stake in PT Chandra Daya Investasi (CDI), a division of Indonesia’s largest integrated chemical and infrastructure solution provider, PT Chandra Asri…
- Business News
Thai retail sector struggles despite tax incentives and tourist spending
Despite increased spending by tourists and tax incentives to encourage buying, Thailand’s retail sector is under strain. The sector, facing the challenges of a surge of substandard goods from China, is burdening local entrepreneurs. Thai Retailers Association Vice President Chatchai Tuongratanaphan predicts a growth of only 1-2% in the retail sector for the first half of the year. This is…
- Business News
Commerce Ministry sees business boom: Registrations set to soar
The Business Development Department of the Commerce Ministry foresees a positive trend in new business registrations for the year. The projection rides on the anticipated recovery of the tourism sector, thriving e-commerce, and the burgeoning electric vehicles (EV) market. In the first couple of months of 2024, new business registrations have seen a 1.57% increase, reaching a total of 17,270.…
- Business News
Sena unveils rent-to-own strategy to tackle mortgage rejections
Sena Development, a publicly traded property developer, revealed new plans this month to rent and transfer ownership of its unsold condo units. This move is in response to a high rate of mortgage rejections. The company aims to enhance sales and revenue in the current year. Kessara Thanyalakpark, the managing director, stated that the innovative strategies would target two distinct…
- Business News
ThaiBev intensifies commitment to sustainable growth
Thai Beverage Plc (ThaiBev) is stepping up its commitment to sustainable development, implementing strategies that encompass all facets of its business operations. The company’s Executive Vice President and Chief of Sustainability and Strategy, Tongjai Thanachanan, outlined the firm’s commitment to achieving sustainability through a comprehensive approach, known as Enabling Sustainable Growth (ESG). This approach encompasses environmental, social, and governance goals.…
- Business News
AWC plans 36 billion baht investment in high-end tourism
Asset World Corp (AWC), a Stock Exchange of Thailand (SET)-listed company, maintains a positive outlook on high-spending tourists and outlined plans to invest in projects estimated at 36 billion baht (US$1 billion) this year. Wallapa Traisorat, AWC’s chief executive and president, highlighted Thailand’s potential to attract high-spending tourists from regional competitors through quality property development, specifically hotels in partnership with…
- Press Room
Libertex: once a leader, always a leader
The leading CFD broker part of Libertex Group that has been shaking the retail trading space for over two decades stands out as a beacon of innovation and excellence. Libertex, a name revered by millions of traders worldwide for more than 25 years continues to hold a prominent position in today’s retail trading industry. The brand has demonstrated an unshakable…
- Business News
Centel posts impressive Q4 results with 9% revenue increase
Central Plaza Hotel Plc (Centel), known for operating Centara Hotels and Resorts, posted an impressive financial performance for the fourth quarter of 2023, with a total revenue of 6.02 billion baht marking a 9% increase year-on-year. The company’s yearly revenue for 2023 was also positive, amounting to 22.5 billion baht. This represented a significant growth of 24% or a revenue…
