growth
- Business News
Bubbling brilliance: Thai soft drink market fizzes with 16% growth, ending years of flat fizz
The Thai soft drink market has seen a significant upturn, with a growth rate of 16% between September last year and August this year. This surge is a stark contrast to the previous five years’ tepid single-digit growth. The resurgence of food service restaurant operations can be credited for this change. Environmental conditions such as the El Niño phenomenon, which…
- Business News
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 News
EV sales in Thailand to hit 50,000 despite auto loan regulations
The Thailand Automotive Institute (TAI) anticipates a surge in electric vehicle (EV) sales to 50,000 units this year. This comes despite challenges such as diminishing purchasing power, rampant household debt, and the implementation of stricter auto loan regulations by banks. Last year, local EV sales in Thailand saw approximately 20,000 units sold. The popularity of EVs in the country can…
- Business News
Tissue dreams ahead: Kuma Thailand to build dedicated factory in five years
Kuma (Thailand) Co, the parent firm of the Kuma tissue brand, is setting its sights on augmenting its production capabilities by developing a dedicated factory within the next five years. The goal of this ambitious project is to bolster the company’s capacity and pave the way for future product expansion in the consumer goods sphere. The director at the helm,…
- Economy News
Thailand sees tourism growth skyrocketing to 3 trillion baht in 2023
Thailand recently experienced a surge in international arrivals, with numbers reaching 15 million within just seven months of this year, encouraging tourism growth, informed Rachada Dhnadirek, a deputy government spokesperson. She acknowledged the substantial contribution of northern hemisphere school summer breaks increasing the influx of international tourists to the vibrant Southeast Asian nation, thereby boosting tourism growth. In response to…
- Business News
Foodland pivots strategy targeting younger generations with Grocerant convenience outlets
Established supermarket chain Foodland Supermarket Co implements fresh business tactics to allure the younger generations whilst partnering with property developers to inaugurate convenience outlets on housing and condominium sites. Embracing this revamped strategy, the firm has tied up within SC Asset Corporation subsidiaries, leasing out space and debuting two novel ‘Grocerant’ outlets, a subsidiary retail label within the Foodland Group,…
- Business News
EV Market soars as Thailand and Indonesia take the lead in Asia
In a global trend, electric vehicles (EVs) are steadily gaining traction in the worldwide automobile market, with significant growth realised in Asia-ASEAN countries, specifically Thailand and Indonesia. This comes as per a study undertaken by the BloombergNEF research agency. Ideally placed at the forefront of Asia-Pacific transportation, Senior Analyst of BloombergNEF, Allen Tom Abraham, projected a sharp increase in the…
- Business News
Business diversification: Susco Beyond explores EV market amidst fluctuating oil prices
Susco Beyond, an auxiliary affair of Susco Plc, a prominent Thai oil retailer, persists to diversify. While an integral part of their business still revolves around the oil industry, they seek to mitigate the risks associated with fluctuating oil prices through business diversification. To this end, they have turned their attention to non-oil businesses, an example of which includes their…
- Pattaya News
Pattaya officials discuss opening Dongtan Beach Road to 24-hour vehicle access
In Pattaya, a recent meeting took place to discuss the possibility of opening Dongtan Beach Road to vehicle traffic 24 hours a day. This road, which connects Jomtien Beach to Pratumnak Soi 5, has been closed to traffic overnight for quite some time. However, due to significant growth in the area over the past year, particularly in the number of…
- Business News
Thai future food industry targets 5% growth amid health and eco trends
The Thai future food industry is expected to see a 5% growth this year, as the demand for healthier and more environmentally friendly food options rises. Visit Limlurcha, president of the Thai Future Food Trade Association, highlights the potential for export growth due to global trends that are bringing about significant changes in production, economies, lifestyle, society, and behaviour. From…
- Thailand News
Thai travel agent group says travel restrictions hamper tourism growth
The Thai Travel Agents Association is recognising some countries’ travel restrictions as hampering tourism growth. Charoen Wangananont, president of the TTAA, says that outbound tourism in the last two months of this year remains strong despite concerns about an economic recession. Such outbound tourism is holding steady, particularly to those destinations that currently have no travel restrictions. According to Bangkok…
- Health
How to combat mould in humid climates like Thailand
The most humid parts of the world include Thailand and all of South and Southeast Asia. For those who live or travel to these countries, combatting mould becomes a mainstay task of tropical living, especially during the rainy season. According to Dr Cameron Jones, a mould problem occurs when water vapour from the humid air can condense onto surfaces, providing…
- Thailand News
Vending machine industry sees resurgence thanks to pandemic
While Covid-19 resulted in Thailand’s overall economy suffering, a few select industries actually saw some impressive growth. The vending machine business is booming, and with demand rising companies like Sun Vending Technology Plc (SVT) are experiencing renewed popularity. The company reported massive growth this year and is making plans to expand. Senior vice president of SVT Pitsnu Chokwatana explained that…
- Entertainment
Thailand’s creative industry to grow by over 3% next year
Thailand’s Creative Economy Agency says the creative industry is expected to grow by 1.51 trillion baht in 2022, which is about 3.55%. The CEA says the growth demonstrates Thailand’s soft power and international cultural influence. But, some experts say more can be done to increase its growth, as Thailand has long been know for its exceptional tourism, cuisine, traditional medicine,…
- Sponsored
“No Place Like Home” – New Online Care Marketplace SAIJAI Launches Digital Start-Up in Thailand
Press Release A new digital on-demand online marketplace named SAIJAI has launched in Thailand and is setting its sights on democratizing home care in the country. Borne from a dynamic consumer behaviour shift over the past sixteen months to home-based lifestyle needs, the start-up brand is eyeing the Care From Home (CFH) marketplace, Thailand is the first market in its…
- Thailand News
Despite a better performance in first quarter, Thailand’s GDP may not impress in second
Despite performing better than predicted in the first quarter, Thailand’s gross domestic product may not be as impressive in the second quarter. As the first quarter saw a contraction of 2.6% year on year, analysts say the contraction was better than predicted. Now, an Oxford Economics report says the recent third wave in Covid-19 may prevent the GDP from seeing…
- Covid-19 News
Opportunities for 2020 export growth in Thailand
Despite the whirlwind of shutdowns, lockdowns and craziness descending on Thailand at the moment, the departments are still churning out numbers and trying to forecast the way ahead. They say that, due to the Thai baht weakening and massive government interventions around the world for both monetary and fiscal policies, there is still a chance that Thailand could reduce the…
- World News
Myanmar tourism increases a massive 40% in 2019
Myanmar has ranked highest among the world’s 20 quickest-growing travel destinations over the past 12 months. The report from the United Nations World Tourism Organisation. Vietnam and The Philippines are also regional winners over the past year that made it into the top 10 best performing emerging travel destinations. Myanmar Tourism Marketing, part of the Myanmar Tourism Federation, reports that…
- Events
2nd annual Thailand Game Expo opens at BITEC in Bangkok
AIS and M Vision have kicked off the 2nd Thailand Game Expo at the BITEC centre (Bangkok International Trade & Exhibition Centre) in Bangna. 700,000+ visitors are expected to attend the Expo this year, which runs through to this Sunday (February 2) and product sales tipped to top 2 billion baht. The event is organised by AIS eSports. Alistair Johnston, the…
- Technology News
Electric vehicle registrations in Thailand rose 380% in 2019
Electic cars (EVs) are on the rise in Thailand. The Electric Vehicle Association of Thailand (EVAT) reports a sharp increase in the number of electric vehicles registered in 2019. Department of Land Transport statistics show that, as of December 31, there were 2,854 electric vehicle registrations, including 1,572 new cars, up 380% from 2018 when only there were only 325 registered.…
- World News
“Build ASEAN brands” says AirAsia CEO
The CEO of AirAsia, Tony Fernandes, has told ASEAN governments to help create and strengthen “ASEAN brands” to drive the regional economy. Addressing the ASEAN Business and Investment Summit 2019, Mr. Fernandes says, although ASEAN is the world’s fourth largest economy, there are few ASEAN brands with impact beyond their national or regional boundaries. He blamed “both visible and invisible…
- Economy News
“Too good for its own good” – The Thai economy
Bloomberg has written an opinion piece about the robust Thai economy, sharing its fears along with some pats on the back. “Thailand really should let its hair down. The currency is strong and the current-account surplus is big versus the neighborhood, while there’s a lot of scope for fiscal expansion. The Bank of Thailand has been grudging in cutting interest rates, in contrast to the…
- Tourism News
The China Syndrome, south east Asia’s tourism dilemma
PHOTO: Lunar New Year celebrations in Bali – Jakarta Post “When China sneezes, the rest of south east asia catches a cold.” From quiet markets in Malaysia, empty rooms in Hanoi’s hotels and barren beaches in Bali, China’s economic slowdown and weakening yuan are sending shockwaves felt across south east Asia’s vacation belt. Thailand is just one of many countries…
- Economy News
Thai economic committee warns about stagnant growth in second half of 2019
The Joint Standing Committee on Commerce, Industry and Banking says they’re concerned by threats to the performance of the Thai economy in the second half of this year. The office says the lack of stimulating factors and the project of an ever-stronger baht will stifle economic expansion and the economy will fail to reach targets. The JSCCIB President Preedee Daochai…
- Tourism News
Japan’s Okinawa takes on Bali and Phuket
by Bill Barnett While Okinawa is often called the Hawaii of Japan, a changing Asian travelscape driven by low-cost airline carriers is seeing the resort destination attract a rising number of regional tourists. Last year, arrivals hit 9.84 million which is now elevating the market to the likes Asia’s twin resort icons, Bali and Phuket. Summing up the current shift…
- Business News
Growth of Thai economy lowest in nearly five years
PHOTO: Supply Chain Asia The Thai economy registered growth of just 2.3% in the second quarter of 2019, compared with 2.8% in the first quarter. This is the lowest rate of growth in 19 quarters, according to Tossaporn Sirisamphan, secretary-general of Thailand’s economic think-tank, the National Economic and Social Development Board. Tossaporn warns that although the situation is not yet…
- Technology News
Nation Multimedia Group aims to counter tech ‘disruption’
PHOTO: NMG group chief, Shine Bunnag Thailand’s media giant Nation Multimedia Group say they are poised to ride the new “digital wave” to tide over the industry disruption brought about by technology, group chief Shine Bunnag said while outlining his vision. Shine, who is chairman of NMG’s executive committee, said in an interview with Krungthep Turakij newspaper that with the…
- World News
Vietjet reports strong revenue for Q1 2019
Vietjet has reported revenue is up by nearly 28% during the first quarter of 2019. In its Q1 (first quarter) financial report the Vietnamese budget airline says international route revenue surpassed domestic revenue reaching 55% of total revenue. In the first quarter Vietjet launched four new international and two domestic routes, a total of 111 routes in its network. Vietjet…
- Travel
Strong growth from key markets compensate for slight dip in Chinese tourists
by Thanchanok Phobut | Senior Coordinator, Thailand CBRE, international property consultants, believe that the Thai tourism market is still as resilient as ever. Earlier this year, the Ministry of Tourism and Sports announced they are expecting more than 40 million tourists to visit Thailand this year, up from the record-breaking 38.3 million last year. According to the latest figures, the…
- Business News
Forecasts for Thai export growth revised upwards
The meeting of the Joint Standing Committee on Commerce, Industry and Banking has revised upwards its forecast of export growth in 2019 to between 6.5 – 7.5% from the previous forecast of between 3.5 – 4.5%. The revision is in line with export growth in the past eight months, the committee said. Growth momentum is expected to continue during the…
