market
- Business News
Thailand faces investment challenge post-1997 financial crisis
Thailand faces investment challenges post-1997 financial crisis despite natural gas discovered in the Gulf of Thailand around 40 years ago sparked nationwide excitement, marking the beginning of a golden era. This period saw the launch of the Eastern Seaboard Development Project aimed at developing the eastern coastal region. Foreign investment surged, propelling the economy to expand at double-digit rates, and…
- Business News
Tenzing Pacific Services predicts market’s ‘positive momentum’ to continue
Tenzing Pacific Services is anticipating positive stock market momentum to carry through to the end of 2024 despite volatility and share performance dispersion. Tenzing Pacific Services, a health, life, and business insurance and investment company, saw June as a mixed bag when it came to growth. This is in large part due to the market’s performance not necessarily correlating with…
- Thailand News
Thai Finance Ministry pledges market confidence amid scandal
Thailand’s Finance Ministry vows to restore confidence in the Thai capital market following allegations of fraud involving former executives of Energy Absolute (EA), a company listed on the Stock Exchange of Thailand (SET). Finance Permanent Secretary Lavaron Sangsnit expressed optimism that actions by the Securities and Exchange Commission (SEC), in collaboration with the Department of Special Investigation (DSI) and the…
- Thailand News
Lottery frenzy hits Chai Nat market ahead of July 16 draw
Hopeful lottery enthusiasts flocked to buy tickets for today’s draw at Pasi Sung Market in Chai Nat. The atmosphere at Pasi Sung Market was abuzz yesterday with eager lottery buyers looking for their favourite numbers for the government lottery draw today, July 16. With people hoping to become the next millionaire, many were out early, scouring the stalls for their…
- Thailand News
Phuket officials inspect Chamcha Market for hygiene
Officials conducted a thorough inspection of Chamcha Market in Phuket Town yesterday, July 3, to ensure vendors adhere to food hygiene guidelines and display accurate prices. The inspection, led by Phuket Provincial Commercial Office Chief Woranit Apirat Jirawong, was a collaborative effort with the Sanitation and Environmental Health Department of Phuket City Municipality. Chamcha Market, also known as Lor Rong…
- Business News
Toy story: Thailand art toys boom with adult collectors’ creativity
The local art toys sector in Thailand is experiencing significant growth, primarily driven by the purchasing power of mainly adult collectors, compounded by the creativity of small toy manufacturers. According to the Director-General of the Business Development Department, Auramon Supthaweethum, the art toy business is set for continued expansion due to rising consumer demand, presenting promising opportunities for Thai entrepreneurs.…
- Cannabis
What is the fastest-selling cannabis type in Thailand
Take a journey with us through Thailand’s lush cannabis landscape, where strains like Siamese Sativa and Ayutthaya Amnesia reign supreme. These strains, embodying the vibrant spirit of Thai vitality, are not just popular; they’re transforming the way enthusiasts perceive cannabis. Siamese Sativa, a pure sativa variety, awakens the senses with its crisp citrus aroma and floral notes, while Ayutthaya Amnesia…
- 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…
- Business News
France loses top spot as Europe’s largest equity market to UK
France’s political turbulence has resulted in the nation losing its position as Europe’s largest equity market, a title it claimed from the UK less than two years ago. President Emmanuel Macron’s unexpected announcement of a snap election triggered a significant sell-off, erasing about US$258 billion from the market capitalisation of French companies. Major banks such as Societe Generale SA, BNP…
- Thailand News
Puffball mushroom prices plummet to 30 baht as season ends
As the mushroom season approaches its end, the price of puffball mushrooms (Barometer Earthstar) has dropped drastically to as low as 30 baht per litre, with only the older variants featuring black interiors remaining available. Reports today confirm the winding down of the 2024 puffball mushroom season. These sought-after mushrooms, prized for their soft, white interiors and sweet, fragrant taste,…
- Thailand News
Parking lot scales up: Fish delivery driver attacked in market brawl
A chaotic scene erupted at a local market in Udon Thani as a fish delivery driver was attacked over a parking dispute. The incident, which occurred around 7am yesterday, June 10, saw several men assaulting the driver before fleeing the scene in a pickup truck. Police from Udon Thani’s 191 suppression unit received a report of the attack, which took…
- Thailand News
Fire at Chatuchak Market destroys 118 shops, kills 1,000 animals
A devastating fire broke out in the pet section of Chatuchak Market early this morning, destroying 118 shops and resulting in the deaths of approximately 1,000 animals. The fire, which started at around 4.30am, left employees scrambling for safety as thick smoke filled the area. Deputy Inspector of Bang Sue Police Station, Police Lieutenant Natthaphong Piyananwanich, received the fire report…
- 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
Market shooting in Samut Prakan leaves one dead, two injured
A heated argument in a Samut Prakan local market quickly turned into a violent shooting, resulting in the tragic death of a woman and serious injuries to two others. The incident stemmed from a confrontation involving inappropriate remarks. The incident occurred at 7pm yesterday at the Bang Ya Phraek market in Samut Prakan. Authorities from Samrong Tai Police Station received…
- Business News
Thailand’s smartphone market set to grow 3% to 5% in 2024
Thailand’s smartphone market contracted by 2% in the first quarter due to slow economic recovery, a research paper revealed. However, the government’s digital wallet scheme is projected to stimulate industry growth by 3% to 5% in 2024, according to Counterpoint Technology Market Research’s Thailand Smartphone Tracker report. 5G smartphone shipments accounted for 52% of total smartphone sales in the first…
- Thailand News
Chiang Rai: Fire devastates central Mae Chan market
A massive fire engulfed the bustling central market in Mae Chan, Chiang Rai, causing extensive damage and leaving vendors devastated. The blaze spread to adjacent buildings and destroyed numerous stalls, taking over two hours to put under control. A ferocious fire broke out yesterday at Nuanchan Market, commonly known as Kad Lang Mae Chan, located along the Chan River in…
- Thailand News
Car fire creates traffic jam near Buffalo Market in South Pattaya
A car fire erupted on Thepprasit Road in South Pattaya yesterday, causing chaos near the Buffalo Market. A black Kia van burst into flames, sending thick smoke billowing across the road towards Jomtien Beach, bringing traffic to a standstill. The incident sparked when 36 year old Patcharaporn Chatmong had just dropped her child off at school. Moments later, the brakes…
- Business News
Bitcoin declines amid speculations of crypto market peak
Bitcoin’s value is slowly declining, marking a significant shift in the digital asset market worth over US$500 billion (18.5 trillion baht). This has led to speculation about the possible peak of the cryptocurrency rebound. The token is on the brink of a five-day losing streak, which hasn’t been seen since October of the previous year. The overall crypto market has…
- Business News
BGRIM to invest US$3.39m in Middle East’s energy market
A dominant player in the power industry, BGRIM disclosed its plans to infiltrate the Middle Eastern clean energy market, with an investment approaching US$3.39 million for a 40% stake in the independent power producer, ThreeEightSix Holdings Ltd. The company’s president, Harald Link, confirmed this strategic investment that focuses on commercial and industrial solar assets within the Gulf Cooperation Council region,…
- Thailand News
Gold ornament prices leap to 41,200 baht in surprise surge
Gold prices soared unexpectedly, prompting swift action from interested buyers, as the latest figures from the Gold Traders Association (GTA) showed a significant jump. Today, gold ornaments’ selling price broke through to 41,200 baht per baht-weight, an increase of 350 baht from the previous day’s closing price. The surge in gold prices is not just an isolated economic event but…
- Thailand News
Gold prices in Thailand soar, buyers urged to stay updated
Gold prices in Thailand saw a rapid increase, urging interested buyers to check the latest updates. Today, April 26, the price for gold ornaments surged to 41,350 baht, marking a 100 baht rise from the previous day’s close as reported by the Gold Traders Association (GTA) at 9.04am. The global gold spot price hovers around US$2,333 (86,379 baht) per ounce,…
- Thailand News
Gold prices hit new record in Thailand amid market volatility
Gold prices in Thailand skyrocketed, setting a new all-time high record, reflecting a sharp increase of 750 baht from the previous day’s closing rate. The surge occurred amidst volatile market conditions, with the Gold Traders Association (GTA) announcing five price changes within the first 35 minutes of the trading day, starting with an initial hike of 700 baht at 9am.…
- Business News
Bangkok’s residential market downturn with 22.5% annual decline
Greater Bangkok’s residential market saw a downturn in the final quarter of last year, with new units sold shrinking by 14.5% compared to the previous year. This contributed to an overall annual decline of 22.5%, as reported by the Real Estate Information Center (REIC). Vichai Viratkapan, the acting director-general of the centre, attributed this to a mismatch between supply and…
- Thailand News
Thai Drinks targets Gen Z in Asia for est Cola expansion
Keen on broadening its reach in Asia, Thai Drinks, the company managing est Cola, is targeting the Gen Z market for expansion. Forecasting a growth of 25% in the Thai carbonated soft drink market due to warmer weather and intensive marketing campaigns, Suporn Denpaisarn, the non-alcoholic beverages division head at Thai Drinks, reveals their growth plans. According to Nielsen IQ…
- 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…
- Automotive
Electrifying the future: Thailand’s EV market in 2024
Diving into Thailand’s EV market in 2024, you’re stepping into a landscape brimming with both hurdles and potential. This dynamic market, pivotal for investors eyeing the Asian electric vehicle (EV) scene, offers a unique blend of challenges and opportunities. As you navigate through, understanding these aspects becomes crucial for tapping into its vast potential. The current state of the Thailand…
- Business News
Thai Department of Commerce collaborates to stabilise fruit market
The Department of Commerce, in collaboration with global fruit importers, is examining the futures market and preparing to roll out an additional 35 initiatives. These initiatives are aimed at promoting Thai agricultural products, to maintain price stability throughout the year. Commerce Minister Phumtham Wechayachai yesterday presided over a business-matching project’s launch. This project, centred on fresh and processed fruit and…
- Business News
SCB X Plc set to acquire Home Credit’s Vietnamese operations
Thailand’s largest bank by market value, SCB X Plc, is reportedly on the brink of securing a deal to acquire the Vietnamese operations of consumer lender, Home Credit. The transaction, which could be worth up to US$900 million, is expected to be announced within the week, say sources familiar with the proceedings who wish to remain anonymous due to the…
- Thailand News
Mike Tyson’s Thailand high: The cannabis 2.0 comeback
In an exclusive interview with Mike Tyson, the boxing legend revealed his daring venture into Thailand’s cannabis market with Tyson 2.0, sparking both business strategy and personal mission. In a deep dive discussion, Tyson unveils the intertwined relationship between cannabis and combat sports, recounting his escapade in Thailand and the serendipity that spared him from the long arm of the…
- Business News
Red Sea attacks reshape global oil market towards regionalisation
The global oil market is becoming increasingly regionalised due to militant attacks in the Red Sea and skyrocketing freight rates making more local supplies desirable. A decrease in tanker traffic through the Suez Canal is encouraging a divide, with one trading area centred around the Atlantic Basin, including the North Sea and the Mediterranean, and another focused on the Persian…
