expansion

  • Phuket NewsPhuket Airport sees surge with over 30,000 passengers daily

    Phuket Airport sees surge with over 30,000 passengers daily

    Phuket International Airport is experiencing a significant upswing in passenger traffic this High Season, with daily figures surpassing 30,000 travellers and over 300 flights. This uptick in activity has prompted plans for an expansion of the international terminal to accommodate up to 18 million passengers annually. Monchai Tanod, the director of Phuket Airport, shared insights on the anticipated passenger numbers…

  • Tourism NewsSuvarnabhumi Airport to handle 80 million passengers yearly by 2031

    Suvarnabhumi Airport to handle 80 million passengers yearly by 2031

    Airports of Thailand (AoT) announced ambitious plans to upgrade Suvarnabhumi International Airport in a bid to accommodate 80 million passengers annually by 2031. AoT President Kerati Kijmanawat stated yesterday, August 28, that the agency is revising its master plan to expand the airport’s capacity over the next decade. This move aligns with the government’s goal to see Suvarnabhumi Airport rank…

  • Business NewsCiti expands medium-sized business operations in Thailand, Asia

    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 NewsThai baht finds its groove: Depreciation rate takes a dip

    Thai baht finds its groove: Depreciation rate takes a dip

    The Thai baht experienced a lessening in its depreciation rate in April, buoyed by an uptick in the country’s economic performance. A leading figure from the country’s central bank anticipates that the local currency will make a recovery in the second half of the year. In the initial quarter of this year, the baht saw a 7.8% decline against the…

  • Business NewsEA plans expansion in renewable power and EV sector

    EA plans expansion in renewable power and EV sector

    Renewable energy and electric vehicle (EV) developer, Energy Absolute Plc (EA), is set to expand its power business. The decision comes after a pause in the introduction of new projects since 2019. Currently, the firm’s wind and solar farms generate a capacity of 664 megawatts. The company’s CEO, Somphote Ahunai, noted in a 2020 interview that EA diversified into EV-related…

  • Thailand NewsBetong tourism association pushes for airport runway extension

    Betong tourism association pushes for airport runway extension

    The Betong District Tourism Association is pressing for an extension of the runway at Betong International Airport. The expansion is integral to Prime Minister Srettha Thavisin’s tourism enhancement agenda. The longer runway is anticipated to allow larger aircraft to land, subsequently increasing the influx of tourists. Deputy President of the association, Narin Ruangwongsa, expressed the intention to propose this expansion…

  • Phuket NewsPhuket Airport seeks public input on expansion plan

    Phuket Airport seeks public input on expansion plan

    A call to action echoes across Phuket as the Airports of Thailand invite the public to the final hearing on the second phase of Phuket International Airport’s expansion. Slated to be conducted at the prestigious Proud Phuket Hotel in Sakhu, the hearing is scheduled from 9am to 12pm on March 8. The primary objective of this public hearing revolves around…

  • Business NewsThachang Green Energy projects major expansion by 2026 with new power plants

    Thachang Green Energy projects major expansion by 2026 with new power plants

    Thachang Green Energy (TGE), an operator and developer of biomass power plants listed on the Stock Exchange of Thailand (SET), projects a significant business expansion between 2025 and 2026. This growth is attributed to the additional power generation capacity from imminent power plant projects. While no capacity increment is planned for this year, TGE predicts a revenue surge of over…

  • Thailand NewsTikTok Thai training twist: App eyes Thailand for next big move

    TikTok Thai training twist: App eyes Thailand for next big move

    TikTok, the popular video-sharing social media app, is considering establishing a training centre in Thailand. Prime Minister Srettha Thavisin revealed this after meeting with the app’s executives during the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. The intent is to utilise the platform’s popularity to promote Thai food and local products, often referred to as soft power. The 61…

  • Thailand NewsPTT reinvestment: Diversifying beyond oil and petrochemicals for future growth

    PTT reinvestment: Diversifying beyond oil and petrochemicals for future growth

    National energy conglomerate PTT Plc has initiated a reinvestment phase, eyeing new ventures for future growth. This move follows the stagnation of the company’s traditional businesses, which are primarily centred around the oil refinery and petrochemical sectors. As these avenues have limited potential for enhancing future income, the company emphasises the need for reinvestment. PTT’s President and Chief Executive Officer,…

  • Business NewsTasty transformation: Thai instant noodles ride K-pop and J-pop wave

    Tasty transformation: Thai instant noodles ride K-pop and J-pop wave

    Thai Instant noodles, a staple in many households and offices, have evolved significantly in recent years, influenced by the growing popularity of Korean and Japanese pop culture in Thailand. As a result, manufacturers are diversifying their offerings, serving freshly prepared instant noodle dishes in their restaurants, petrol stations, and luxury retail complexes in Bangkok. The global demand for instant noodles reached…

  • Business NewsSizzle and supersize: Sizzler and McDonald’s cook up expansion goals in Thailand

    Sizzle and supersize: Sizzler and McDonald’s cook up expansion goals in Thailand

    Leading restaurant brands, Sizzler and McDonald’s are set on amplifying their reach, aiming to attract a wider range of customers and heighten patronage frequencies. The general manager of SLRT Co, Anirute David Collins, who oversees the operation of Sizzler Steakhouse, disclosed plans to inaugurate a Steak Lab concept Sizzler along Koh Samui’s coast on December 16. This restaurant expansion is…

  • Thailand NewsCosmetics industry goes global: Thai NSTDA’s empowering touch

    Cosmetics industry goes global: Thai NSTDA’s empowering touch

    The Thai National Science and Technology Development (NSTDA) initiated a comprehensive service to aid cosmetics industry entrepreneurs in their global market expansion. The NSTDA director, Chukit Limpijamnong, indicated that the cosmetics industry is a key sector for the agency and possesses significant expansion potential, both domestically and internationally. Therefore, firms in this sector require robust support in innovation and technological…

  • Business NewsLiuGong Machinery’s blueprint: Constructing a new chapter across Asia-Pacific

    LiuGong Machinery’s blueprint: Constructing a new chapter across Asia-Pacific

    LiuGong Machinery, a Chinese construction machinery manufacturer, unveiled plans to establish three new factories and three machine assembly facilities in the Asia-Pacific region. The company is still in the process of deciding on the specific countries for these new developments, with Thailand being one of the potential locations. The commencement of these projects is anticipated for the following year, according…

  • Business NewsYouTrip sets sights on Southeast Asian expansion

    YouTrip sets sights on Southeast Asian expansion

    Southeast Asian fintech giant YouTrip is gearing up for regional expansion, backed by a successful funding round that raised US$50 million (1.84 billion baht). The round witnessed participation from new investors, including global venture capital firm Lightspeed. This Singapore-based multi-currency digital payments platform has managed to amass over US$100 million (3.68 billion baht) in funding since its inception. The newly…

  • Business NewsThai beauty giants Srichand and Karmarts paint the world with global expansion plans

    Thai beauty giants Srichand and Karmarts paint the world with global expansion plans

    Srichand United Dispensary Co and Karmarts Plc, two Thai beauty corporations, are preparing for global expansion. Srichand’s Chief Executive, Rawit Hanutsaha, disclosed plans for aggressive international growth, particularly in Indonesia due to its large beauty market and population. The firm is in the process of identifying suitable Indonesian distributors and is also considering Malaysia. Srichand has already established a global…

  • Business NewsThailand’s commerce ministry aims for 20% cross-border trade boost

    Thailand’s commerce ministry aims for 20% cross-border trade boost

    The Commerce Ministry of Thailand has an ambitious vision for the upcoming year – pushing cross-border trade value to 1.2 trillion baht, marking a 20% increase from this year’s estimated 1 trillion baht. Deputy Commerce Minister Napintorn Srisunpang, the overseer of the Business Development Department, Trade Negotiations Department and Foreign Trade Department, disclosed the ministry’s strategy to achieve this. They…

  • Business NewsThaiBev expansion: 7 billion baht investment includes new Cambodia factory

    ThaiBev expansion: 7 billion baht investment includes new Cambodia factory

    ThaiBev, the Singapore-listed food and beverage company, announced an investment plan of 7 billion baht for the expansion of its operations both domestically and internationally. The company’s CEO, Thapana Sirivadhanabhakdi, revealed that 4 billion baht will be used to construct a new beverage factory in Cambodia, while 3 billion has been set aside for logistics facilities, a biogas factory, and…

  • Thailand NewsTHAI’S high-flying ambition: Soaring to new heights in tourist traffic

    THAI’S high-flying ambition: Soaring to new heights in tourist traffic

    Thai Airways International (THAI) unveiled an ambitious plan to expand its international flight offerings in the forthcoming high season. The airline’s primary focus is to draw in a higher number of tourists. A notable feature of this expansion is the airline’s decision to recommence flights to Istanbul, Turkey, which is a significant aviation hub for Asia, Europe, and Africa. This…

  • Thailand NewsThailand’s State Railway seeks 50 billion baht for expansions

    Thailand’s State Railway seeks 50 billion baht for expansions

    Thailand’s State Railway (SRT) is planning to request Cabinet approval for a funding amount exceeding 50 billion baht. This hefty sum is aimed at financing the construction of a double-track railway stretch from Khon Kaen to Nong Khai and the expansion of Red Line electric train routes. The announcement follows a directive from Transport Minister Suriya Jungrungreangkit, who instructed the…

  • Business NewsPhuket Airport expansion to double capacity, costing 6 billion baht

    Phuket Airport expansion to double capacity, costing 6 billion baht

    Phuket International Airport is set to undergo a significant expansion, as approved by the Airports of Thailand (AoT). The project, which is currently in the design stage, is estimated to have a price of upwards of 6 billion baht. AoT’s President, Kerati Kijmanawat, highlighted the expansion as a primary agenda during Prime Minister Srettha Thavisin’s recent visit. The proposed airport…

  • Business NewsRatch Group earmarks 35 billion baht for business expansion

    Ratch Group earmarks 35 billion baht for business expansion

    Thailand’s leading private power producer, Ratch Group Plc, remains steadfast in its decision to allocate a capital expenditure of 35 billion baht for the expansion of its operations in both the power and non-power sectors this year. Chief Executive Choosri Kietkajornkul said that out of this capital allocation, 29 billion baht is for investments in power generation. She further revealed…

  • Business NewsLiquid dreams: Thailand’s Pilatus Marine charts global growth with 1.05 billion baht vessel acquisition

    Liquid dreams: Thailand’s Pilatus Marine charts global growth with 1.05 billion baht vessel acquisition

    Pilatus Marine, a SET-listed company and Thailand’s leading liquefied petroleum gas (LPG) transport operator, is set to acquire three large used liquid-carrying vessels for a total cost of 1.05 billion baht. This move is aimed at expanding their services overseas. Operating in both marine and land transport of LPG, Pilatus Marine also leases vessels to other companies. The incoming ships,…

  • Business NewsThai AirAsia targets 40% domestic market share by 2023, plans Japan expansion

    Thai AirAsia targets 40% domestic market share by 2023, plans Japan expansion

    Thai AirAsia, a leading low-cost airline, has set a goal to command 40% of the passenger market share domestically by the close of 2023. This comes as the airline intends to introduce two additional routes in Japan in the upcoming year. In a revealing disclosure, Santisuk Klongchaiya, the Chief Executive of Thai AirAsia, mentioned that the airline’s market share in…

  • Thailand NewsBangkok waterways: 9.32 billion baht expansion plan unveiled

    Bangkok waterways: 9.32 billion baht expansion plan unveiled

    In a proactive move to alleviate traffic congestion in Bangkok, Thailand’s Office of Transport and Traffic Policy and Planning (OTP) is set to submit plans for the development of existing and potential canal routes. Underpinning these Bangkok waterways plans is the promotion of passenger boat transportation as a practical solution to the city’s notorious traffic issues. On the specifics of…

  • Business NewsWiko resumes Thai operations targeting 2% market share with affordable phones

    Wiko resumes Thai operations targeting 2% market share with affordable phones

    Aiming to carve out 2% of the Thai market by year-end and expand to 4% by next year, mobile manufacturer Wiko has resumed commercial operations. The company, with its French roots, intends to capture the lower to middle-tier smartphone segment. This comes after a six-month hiatus in its marketing efforts for the Thai market, and now the brand will move…

  • Thailand NewsHua Hin Airport upgrade to attract tourists and boost Thai economy

    Hua Hin Airport upgrade to attract tourists and boost Thai economy

    In a move poised to encourage tourism, Hua Hin Airport, operated by the Department of Airports (DoA), is set for a vast upgrade that will escalate it to international status, as confirmed by acting director Rattapol Charoenphon recently. The Hua Hin Airport has already made significant strides towards this goal, extending its runway to reach a length of 2.1 kilometres…

  • Business NewsStarbucks Thailand advances expansion, eyes 800 outlets by 2030

    Starbucks Thailand advances expansion, eyes 800 outlets by 2030

    Starbucks Thailand unveiled a bold expansion plan for the 2023 to 2030 period. The plan aims to increase the current number of Starbucks outlets in the country from 465 to a whopping total of 800 by the end of 2030. As per this agenda, the addition of 335 stores is projected across Thailand over the specified span. Nednapa Srisamai, the…

  • Business NewsKing’s Bangkok to unveil 1 billion baht teaching complex by 2024

    King’s Bangkok to unveil 1 billion baht teaching complex by 2024

    A new chapter beckons for King’s College International School Bangkok, with an estimated completion date of 2024 for its advanced teaching and learning complex. This ground-breaking venture surfaces on the heels of the successful inauguration of the senior school in 2021. Rendering a substantial investment tally projected above 1 billion baht, King’s Bangkok carries the intent of birthing a learning…

  • Economy NewsThai exports set for surge amid favourable market conditions and expansion plans

    Thai exports set for surge amid favourable market conditions and expansion plans

    With predictions of a rebounding global economy, Thai exports are expected to witness a surge in the second half of the year, according to the nation’s Commerce Ministry. Keerati Rushchano, the permanent commerce secretary, revealed that the current competitive baht exchange rate coupled with planned market expansion initiatives could significantly boost trade. The regions targeted for market expansion include Yunnan…