business
- 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…
- 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
Thailand boosts SMEs growth in upcoming Synergy Expo 2024
Thailand is set to boost marketing opportunities for small and medium-sized enterprises (SMEs) through the newly announced Thailand SME Synergy Expo 2024. This five-day trade show, running from June 19 to 23 at the Queen Sirikit National Convention Center in Bangkok, is a collaborative effort by the Business Development Department (DBD), the Office of SMEs Promotion (Osmep), and several governmental…
- 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…
- Search Engine Marketing (SEM)
How to choose a domain name for your blog
Initiating a blog and selecting an optimal domain name is one of the initial and paramount tasks you’ll encounter. It is far from being merely a location for your blog, but the introductory impression, the emblem, and the entity. This task might seem overwhelming, but rest assured, we’re here to assist you. This write-up will walk you through an uncomplicated,…
- 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…
- 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,…
- 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…
- Search Engine Marketing (SEM)
What a marketing agency can do for business startups
Get ready to launch your startup into the stratosphere by teaming up with a marketing agency! Imagine diving into an industry projected to explode to a whopping 786 billion by 2026 – this is where you want to be, and guess what? With the digital world buzzing, snagging some top-notch marketing smarts isn’t just smart; it’s absolutely essential. Picture an…
- 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
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
Top profitable business opportunities booming in Thailand
For individuals possessing a profound interest in the dynamic sphere of business startups, especially within the entrepreneurial landscape of Thailand, this article serves as a vital resource. Thailand surpasses its image as a haven for beach enthusiasts, establishing itself as a hub of creativity and innovation. Within this context, a diverse range of startups is thriving—from pioneers in technology to…
- 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…
- 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
Thai agencies launch e-system to streamline corporate data
The Thai Chamber of Commerce, the Office of the Public Sector Development Commission (OPDC), and the Business Development Department have collaborated to implement an electronic system streamlining corporate data. This highly anticipated paperless system is projected to save residents and entrepreneurs up to 7 billion baht annually. Sanan Angubolkul, the chamber’s chairman, stated that the project eliminates the need for…
- 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…
- 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. …
