businesses
- Guides
Fuel your business growth with international recruiting services
Finding the right people is one of the most crucial problems that many organisations face today. For companies operating in fast-paced environments such as those in Thailand, Malaysia, Singapore, and beyond, finding competent personnel who fit with corporate objectives is vital for long-term success, hence the need for international recruiting services. This is where ADI Resourcing comes in as a…
- Thailand News
Bangkok Bank backs bold India expansion for Thai businesses
Thai businesses have their sights set on India’s booming market, and Bangkok Bank is rolling out the red carpet to support this promising venture. With an eye on India’s rapid economic growth and vast population, the bank’s president, Chartsiri Sophonpanich, calls it “a golden opportunity” for Thai entrepreneurs eager to expand. India’s economy is powering ahead at an annual growth…
- Tourism News
Senate urges crackdown on foreign-run tourism businesses
The Senate called on the government to intensify efforts against tourism businesses managed by local proxies for foreign citizens, aiming to shield local enterprises from unfair competition. During a recent session, Senator Nantana Nantavaropas raised concerns about the difficulties Thai businesses face in competing with companies managed by nominees. Tourism and Sports Minister Sorawong Thienthong responded, revealing that ministry representatives…
- Thailand News
China supports Thailand in combating dubious businesses
Chinese Ambassador Han Zhiqiang reaffirmed Beijing’s commitment to supporting Thailand in cracking down on dubious Chinese businesses, while also aiming to enhance bilateral trade and relations. Han made these comments during a seminar held on Tuesday, July 23, to commemorate the 49th anniversary of diplomatic ties between China and Thailand. A recent incident involving a Chinese-language billboard in Bangkok’s Huai…
- Thailand News
Thai Cabinet approves 55 billion baht lifeline for SMEs and tourism
The Thai Cabinet approved a low-interest loan programme worth 5 billion baht and a substantial 50 billion baht credit guarantee fund under the Ignite Thailand vision, aimed at bolstering small and medium-sized enterprises (SMEs). Deputy Finance Minister Paopoom Rojanasakul detailed the plan, highlighting that the low-interest loans would target tourism, wellness and medical, and agriculture and food sectors. Each borrower…
- Thailand News
Russian nominee business bust exposes 1.5 billion baht scandal
In a dramatic crackdown on illegal businesses in Phuket, 231 suspects, including 98 foreign nationals, mostly Russians, have been arrested, revealing a scandal worth over 1.5 billion baht. The Economic Crime Suppression Division (ECSD), under the directive of the Central Investigation Bureau (CIB) commissioner Police General Jirabhop Bhuridej, raided several accounting and real estate firms on the island. The operation…
- Digital Marketing
What is lead generation and how to do it
Ever been left scratching your head over the term lead generation? Don’t worry, you’re not alone. This fancy business lingo pops up a lot and if it’s got you feeling like you missed a memo, no sweat. So, what’s a lead? Well, in simple terms, it could be anyone or even an entire company that’s shown some interest in what…
- Thailand News
Thai tourism operators brace for impending annual low season
Thailand is set to face its annual tourism low season, warned Sisdivachr Cheewarattanaporn, the leading figure of the Association of Thai Travel Agents (ATTA). The transition into the low season comes after the country’s Songkran Holidays, a peak period for tourism. This shift leaves tourism operators grappling with the challenge of keeping their businesses afloat during the lull in tourist…
- Thailand News
Thai Business Department warns against online scammers
The Department of Business Development (DBD) in Thailand issued a warning to businesses, uncovering a new ploy by online scammers that could leave unsuspecting victims in legal jeopardy. DBD Director-General Oramon Sapthaveetham sounded the alarm today, urging businesses to stay vigilant or face the consequences. According to Oramon, the DBD has been inundated with complaints from businesses targeted by fraudulent phone…
- Business News
Hong Kong bolsters business links with SE Asia and Middle East
Hong Kong is set to intensify its business ties with Southeast Asian and Middle Eastern nations, as part of its contribution to China’s Belt and Road Initiative. Nicholas Ho Lik-chi, the Commissioner for Belt and Road, has identified Malaysia, Thailand, Indonesia, Vietnam, the United Arab Emirates and Saudi Arabia as key cooperation partners for the year ahead. Ho Lik-chi oversees…
- Business News
Thai Commerce Ministry set to liberalise ten service businesses this year
The Business Development Department under the Commerce Ministry is anticipated to liberalise ten service businesses within this year, encompassing sectors like telecommunications services, treasury centres, and currency exchange businesses. Director-General Auramon Supthaweethum stated that the department has already completed studies on eight of these businesses, with the remaining two set to open for public hearings soon. As soon as the…
- Thailand News
Commerce Ministry’s plan to catapult SMEs to 40% GDP by 2027
The Commerce Ministry unleashed an ambitious plan to elevate small and medium-sized enterprises (SMEs) to new heights, targeting a staggering 40% contribution to the GDP by 2027. A comprehensive strategy is set to turbocharge consumption, investment, government spending, and international trade, propelling SMEs into the forefront of economic prowess. Acknowledging the pivotal role SMEs play in Thailand’s economic fabric, Commerce…
- Business News
Thai business department investigates 439 firms for potential nomination violations
In a move to suppress the ‘grey’ market in the fiscal year 2023, the Business Development Department (BDD) investigated 439 companies, suspecting them of acting as nominees for foreign corporations. Interestingly, legal entities potentially involved in nominee activities were discovered in Chiang Mai and Chon Buri provinces. The BDD Deputy Director-General, Jitakorn Wongkhatekorn, revealed that the agency inspected three targeted…
- Business News
Thailand sees ten-year high in new business registrations, surpasses projections
The Business Development Department of Thailand’s Commerce Ministry reported an exceedance of its new business registration projections for the first half of the year. The original estimate of 42,000 to 45,000 new registrations translated to a practical figure of 47,286. A positive development which signals a thriving entrepreneurial climate. This buoyant climate has encouraged an upward revision of predictions for…
- Business News
SEC raises crowdfunding cap for retail investors to 50 million baht
In an effort to foster growth among startups and small to medium-sized enterprises (SMEs), the Securities and Exchange Commission (SEC) is extending the ceiling on security-based crowdfunding offers to 50 million baht for retail investors. Previously, the limit was 40 million baht. However, institutional, high-net-worth, and ultra-high-net-worth investors are not subjected to any caps. The financial regulator put forth in…
- Covid-19 News
Lockdown decision expected tomorrow for Bangkok
A full lockdown decision is expected tomorrow for Thailand’s capital of Bangkok after record daily Covid-19 infections have sent the city into a frenzy trying to stop the spread of the virus. The Centre for Covid-19 Situation Administration is expected to make the recommendation which will be forwarded to the full committee chaired by PM Prayut Chan-o-cha. The CCSA will…
- Songkran News
Pattaya announces plans to hold Songkran Festival
The tourist city of Pattaya is planning to hold Thai New Year, or Songkran Festival, this year as long as they receive the “go ahead” from the government. The Pattaya City Mayor, Sonthaya Khunplume, made the announcement today, saying that the water festival will be held with all the traditional activities including those taking place at temples. Songkran is the…
- Covid-19 News
54 provinces to see relaxing of disease control measures
Thailand is proposing an easing of disease control measures in 19 more provinces in an effort to resume business operations. The Centre for Covid-19 Situation Administration will consider the proposal on Monday, which would increase the number of provinces to see relaxed measures from 35 to 54. Those provinces would be listed as green zones and include: Kamphaeng Phet, Chai…
- Covid-19 News
Changes to Thai provincial Covid zones – what’s re-opening today?
There are quite a few changes coming into effect today around many of the Thai provinces. Some types of businesses will be re-opening and some restrictions are being lifted. The new measures go into effect TODAY. Here is a list from the National News Bureau of Thailand… Maximum control (Dark Red): Samut Sakhon The following locations will remain closed: Pubs,…
- Thailand News
198 new infections, 1 death – Thailand’s Covid-19 update
After a week of high and lows in the reporting of the latest clusters, Thailand officials are reporting 198 new infections of Covid-19 today, with 180 being locally transmitted. 69 of those local infections were found via tests at medical facilities and 111 were found by proactive testing. Most of the proactive tests were found in Samut Sakhon, where the…
- Thailand News
Disease control measures ease up in Samut Sakhon
Disease control restrictions are easing up in Samut Sakhon. The coastal fishing province that has been under “maximum control” since last month’s Covid-19 outbreak at a major seafood market in the province’s Mahachai area. Salons and barber shops are now allowed to open from 6am to 9pm in all districts of Samut Sakhon, but services are limited to hair cutting,…
- Politics News
Companies pull out from Trump brand after storming of Capitol incident
Corporate America is adding its weight in response to the insurgency at the Capitol building on January 6, and are pulling out from any association with the Trump brand after the storming of the capitol incident which economists say will have a profound medium and long-term effect on his business interests. Recently, Signature Bank closed Trump’s personal accounts and the…
- Tourism News
Krabi’s Ao Nang businesses shut up or sell up
Ao Nang, Krabi’s tourist strip, is struggling under the strain of no customers or tourists. Thai Residents reports that there are now at least 10 hotels up for sale valued at billions of baht. Businesses and hotels along the popular Ao Nang tourist strip have been shutting down because of the prolonged closure of Thailand’s borders to general tourism. Even…
- Pattaya News
Pattaya – fighting to survive its Covid crisis
Pattaya, like some of Thailand’s other former tourist hotspots, is facing some critical challenges. Hundreds of thousands of workers have left the city because there’s simply no work and up to 50% of the city’s shops are closed, some never to re-open. The Thaiger filmed most of this video on a long weekend at the end of October, the busiest…
- Phuket News
Phuket in a Covid Crisis – VIDEO
Phuket is facing an existential crisis. Because of its semi-isolation as an island, it doesn’t get much “passing traffic” and is too far away from Bangkok to attract much ‘weekend’ business. Whilst the borders stay closed the island’s businesses face ruin. A year ago, the streets of this tourist island were brimming with a diverse international tourism mix. In fact…
- Phuket News
Phuket hotels fighting for their lives as domestic tourism fails to support the island
In the wake of last weekend’s ministerial talkfest and discussions with local industry players on the island, Bill Barnett paints a bleak picture of a tourist island in freefall. All the shops, restaurants and hotels can’t remain empty, or merely keep their doors open with a handful of domestic customers, forever. Phuket’s hotel industry is reaching breaking point and drastic economic support…
- Tourism News
Tourism sector facing massive closures
Thailand’s tourism sector, long seen as a lifeline for the nation’s battered economy, is in a meltdown; more than 30% of tourism-related businesses have left the market with many more expected to follow, according to the Tourism Council of Thailand. The president of the TCT says the tourism industry predicts further deterioration after 6 months of the Covid-19 crisis, as…
- Covid-19 News
One third of tourism businesses could go under due to Covid-19
The president of the Tourism Council of Thailand is warning that close to a third of tourism-related businesses are likely to be permanently shuttered in the second half of this year, due to the impact of the Covid-19 crisis. Chairat Trirattanajarasporn says many will simply run out of liquidity to keep their businesses afloat and be forced to close up…
- Covid-19 News
Open for business. Just about all business restrictions in Thailand lifted from July 1.
Thailand has now gone over a month without a locally transmitted case of Covid-19, and July 1, approaching quickly, will see the resumption of all businesses and activities originally suspended under the Emergency Decree, including bars, pubs and “soapy” massage parlours. Spokesman of the Centre for Covid-19 Situation Administration Dr Taweesilp Visanuyothin made the announcement yesterday. He told the media…
- World News
Justice minister targets drug money laundering
With the government struggling to find revenue streams for its economic stimulus plans to rebuild an economy battered by Covid-19, Thailand’s justice minister thinks he has an idea to help. He wants authorities to target businesses that launder drug money from the Golden Triangle and has set a target of 1.5 billion baht by August. The minister says anti-drug forces,…
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