growth
- Business News
MICE industry must prioritise people management to sustain growth
Game-changing People Management was the focus of a recent presentation at the TMX conference, one of the largest fairs dedicated to the meeting, incentive, convention and exhibition (MICE) industry. The discussion highlighted significant opportunities for growth and transformation within this expanding sector. The MICE industry is on a remarkable growth trajectory, with a projected compound annual growth rate (CAGR) of…
- Tourism News
Thailand aims for 3.4 trillion baht in tourism revenue by 2025
Thailand’s Tourism Authority (TAT) plans to achieve 7.5% revenue growth or 3.4 trillion baht in 2025, while private operators advocate for airfare subsidies to boost income, to mark the upcoming year as Thailand Grand Tourism Year. During the TAT Action Plan 2025 meeting yesterday, July 8, Chairman Natthriya Thaweevong announced that the government aims to mark 2025 as the Thailand…
- Search Engine Marketing (SEM)
How to gain your first 500 followers on instagram
Are you stepping into the Instagram domain with an exuberance to achieve your initial 500 followers achievement? Whether you are an emerging influencer, an entrepreneur running a small-scale venture, or simply a picture-sharing enthusiast, this advisory content paves the way for accruing a committed Instagram following. Indeed, deciphering the complex environment of Instagram may seem challenging, especially for new entrants.…
- Business News
Thailand’s TV market scores big with global sports events
Thailand’s TV market is poised for significant growth this year, driven by major global sports events, according to LG Electronics (Thailand). The head of marketing at LG Electronics (Thailand), Amnaj Singhachan, highlighted that the UEFA Euro 2024 football tournament, which runs from June 14 to July 14, and the Summer Olympics in Paris from July 26 until August 11, followed…
- Tourism News
Thailand tourism thrives despite slow GDP growth
Thailand’s tourism sector demonstrates resilience, maintaining momentum despite a GDP growth of only 1.5% in the first quarter, which trails behind its regional counterparts. The Tourism Authority of Thailand (TAT) attributes this robustness to a quicker rebound in tourism compared to other industries and is planning to sustain this through the ongoing promotion of festivals. Reports have shown that large…
- Guides
Essential life skills for success in the 21st century
As the world evolves, life skills crucial for the 21st century play an imperative role in personal and professional success. Mastery of diverse skills like problem-solving, critical thinking, communication, collaboration, creativity, and innovation is no longer optional; these are mandatory for navigating complex global landscapes. These competencies facilitate not only individual adaptability but also collective advancements in an increasingly digital…
- Business News
Thailand seeks new stimulus after Q1 growth falls short
Following Finance Minister Pichai Chunhavajira’s announcement yesterday, Thailand needs additional stimulus measures to unlock its economic potential after experiencing lower-than-expected growth in the first quarter. The country’s economy expanded by only 1.5% year-on-year in the first quarter. This performance, while surpassing analysts’ forecasts, fell short of the 1.7% growth recorded in the previous quarter, said Pichai. “There was still growth…
- Cannabis
How to clone your cannabis plant
The practice of cloning represents a significant advancement in cannabis cultivation, providing the ability to generate numerous plants from a single mother plant. Cloning offers a practical and economical method of preserving the genetic integrity, characteristics, and gender of favoured plants. Cloning should be considered by anyone interested in cannabis cultivation, as it not only conserves financial resources but also…
- Business News
Central Retail reports 6% revenue boost to 67.3 billion baht
Central Retail Corporation‘s first quarter earnings report revealed a robust performance, with a 6% revenue increase to 67.3 billion baht (US$1.84 billion). Significantly, the company’s net profit jumped by 14% to 2.52 billion baht (US$ 70 million) compared to the same period last year. Under the leadership of Yol Phokasub, the company has seen a notable shift towards omni-channel retailing,…
- Business News
Superrich faces stalled growth as tourists prefer travel cards
Renowned local money changer Superrich Currency Exchange (1995) Co, known by its SuperRich Orange brand, has faced a challenging start to the year with its transaction growth stalling at zero during the initial four months, despite an increase in foreign travellers. The stagnation in Superrich’s growth is largely due to the rising popularity of travel card services, which are increasingly…
- Business News
Thailand slashes satellite slot auction prices to attract bidders
The National Broadcasting and Telecommunications Commission (NBTC) is gearing up for a new auction of satellite orbital slots at 50.5° East, 51°E, and 142°E slated for August 23 to September 7, targeting slots that remained unsold in a previous bid. The amended draft for the auction conditions, approved on May 13 by the NBTC board, aims to attract bidders with…
- Search Engine Marketing (SEM)
How to get started with a YouTube channel as beginner
Setting up your channel is way easier than you might think, with a treasure trove of resources just waiting to help you sail smoothly through the setup process. But here’s where the real fun begins: creating content that strikes a chord. It’s all about jumping in with both feet, making those first videos, and learning as you leap. Remember, every…
- Business News
Mobile service market to grow 3 to 5% amid tourism surge
The annual growth rate for the mobile service market is forecasted to sit between 3 and 5% this year due to cost-cutting efforts by operators and an increase in mobile traffic and international roaming calls brought on by a surge in foreign tourists. Pisut Ngamvijitvong, a senior equity research analyst at Kasikorn Securities, asserts that these growth factors, along with…
- Business News
Maybank drops Thailand’s GDP growth forecast amid export and manufacturing slump
Maybank IBG Research has revised downwards its GDP growth forecast for Thailand, for both the current year and 2025. The downgraded estimates are due to a combination of factors, including a faltering export outlook, a deepening manufacturing slump, an uneven recovery in tourism, and limited chances of interest rate cuts by the Bank of Thailand this year. For this year,…
- Business News
AirAsia Cambodia launches anticipates aviation sector growth
A new low-cost airline, AirAsia Cambodia, was launched yesterday marking a significant milestone in Southeast Asian aviation. The chief executive of Capital A, AirAsia’s parent company, Tony Fernandes, anticipates a promising outlook for aviation in the region, driven by an increased influx of Chinese tourists, particularly in Thailand, despite soaring fuel costs and a robust US dollar. “Despite the economic…
- Thailand News
PM highlights enhanced ASEAN connectivity for regional growth
Prime Minister Srettha Thavisin affirmed yesterday the critical role of enhanced ASEAN connectivity in unlocking the region’s full potential and boosting its collective competitiveness. The 62 year old Thai PM revealed this perspective during a virtual gathering for the ASEAN Future Forum 2024, which focused on the theme Towards Fast and Sustainable Growth of a People-Centred ASEAN Community. “Our emphasis…
- Business News
Growth in Thai exports expected in Q1 due to stable freight costs
Thailand is set to experience a 1 to 2% growth in export value during the initial quarter of the year, fuelled by stable freight costs and rising shipments of key commodities such as rubber, rice, pet food, electronics, and automobiles. This positive forecast is shared by Keerati Rushchano, the permanent secretary of commerce, who anticipates a steady growth trajectory as…
- Thailand News
Thai Cabinet grants 300 million baht for northern provinces
A significant financial boost of 300 million baht (US$8.3 million) has been granted by the Thai Cabinet for the development of 13 projects aimed at tourism growth across four northern provinces; Phayao, Chiang Rai, Phrae, and Nan. The decision was made during a mobile meeting in Phayao, overseen by Prime Minister Srettha Thavisin during his two-day visit to the region.…
- Business News
Thailand’s smartphone market to grow 3% in 2024, says report
A 3% growth in Thailand’s smartphone market is anticipated in 2024, fuelled by the need for upgrades and enhanced technology features, says an international research firm. This follows a 2% rise in 2024, when Thailand was the only Southeast Asian nation to experience marginal growth, due to the strong performance of budget smartphones, as per Counterpoint Research’s Southeast Asia Monthly…
- Automotive
Electric dreams: 2024’s game-changing EV innovations
As you delve into the world of electric vehicles (EVs) in 2024, you’re stepping into a rapidly evolving landscape. The shift towards electric mobility is gaining momentum, with used EV sales playing a pivotal role in making green transportation more accessible. This surge in interest is not just about new models hitting the market; it’s about how the availability of…
- Business News
New VC funds to boost startup growth in 2024
This year, the growth of startups is anticipated to see a significant boost as several new venture capital (VC) funds emerge, following a period of slowed activity during the pandemic and recent crypto winter. Among these is the Finno Efra Fund, valued at 1.3 billion baht, co-established by EfraStructure and Krungsri Finnovate, with operations set to commence in March. Pawoot…
- Business News
Labour costs outpace revenue growth in Thai tourism sector
Rising labour costs in the tourism sector are outpacing revenue growth, resulting in increased hotel expenses, as revealed by hospitality market analyst STR. Jesper Palmqvist, senior director for Asia-Pacific at STR, warned that the only risk for hotels this year is maintaining cost controls in light of the extraordinary growth of labour costs and room rates. Over the past one…
- Business News
Thailand’s retail sector expects double-digit growth driven by private consumption and online retail
Anticipating a robust year ahead, Thailand’s retail sector is poised for a double-digit expansion. The growth is primarily spurred by a surge in private consumption and the government’s stimulus measures, such as the Easy E-Receipt tax refund scheme and a boom in online retail. However, the rising cost of living is a cause for concern, as stated by the Economic…
- Phuket News
Phuket eyes 50 million baht funding for critical environmental projects
A sense of optimism is in the air as Phuket Governor Sophon Suwannarat expressed confidence that the province would secure funding for two critical environmental projects. These projects are part of the emergency budget deliberations at the mobile Cabinet meeting in Ranong. The governor elucidated that each province has an allocation of 50 million baht under consideration. The funds are intended…
- Thailand News
Growth for aviation sector predicted for next year
In a recent update, HLIB Research has given a resounding thumbs up to the aviation sector, maintaining its overweight rating and predicting a lucrative 2024 after a robust recovery this year. The research powerhouse predicts a dazzling future for the industry, citing a surge in air travel demand, especially from international segments driven by the behemoths China and India. According…
- Business News
Exports grow for fourth consecutive month in Thailand misses projections
November marked the fourth consecutive month of growth for Thailand’s customs-based exports, which saw a 4.9% rise from the same period last year, according to data from the customs department. However, this fell short of the projected 6.3% year-on-year increase anticipated in a Reuters poll. Last month, October had witnessed an 8% year-on-year rise. In an unexpected turn, imports for…
- Business News
Slowing Chinese economy may impact Thailand’s exports, tourism and investment
Economic experts are voicing apprehension over the slowing Chinese economy, citing that the mainland’s deceleration and escalating tensions with the US could potentially affect Thailand in terms of exports, tourism, direct investment, and property. Despite China’s economy surpassing estimates by growing 4.5% in the first quarter, it has since experienced a slowdown. The disappointing figures in terms of investment, consumption,…
- Business News
Electronics firms poised for a shocking surge in the new year
Electronics companies listed on the stock market are set to witness a performance upturn in the new year, owing to a forecasted global recovery across all industry sub-sectors, according to KGI Securities. The firm predicts a higher growth rate in the second half of the year on the back of continuing inventory restocking. The outlook is based on the steady…
- Cannabis
Uncovering the controversial world of Plant Growth Regulators
The use of Plant Growth Regulators (PGRs) in agriculture and horticulture has become more controversial in recent years. Because of the possible effects that these chemicals may have on crops, human health, and the environment, there has been much discussion about these substances, which are intended to alter plant growth and appearance. What are Plant Growth Regulators (PGRs)? Plant Growth…
- Thailand News
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…
