market

  • 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…

  • Thailand News

    Thai condo market hit by economic woes and Myanmar restrictions

    The Thai condo market is experiencing a downturn due to the current economic situation, with banks tightening lending and household debt remaining high. The recent stringent regulations by the Myanmar government have further impacted sales, as Myanmar buyers are significant customers second only to Chinese buyers. Thailand’s real estate market has been negatively affected by the Myanmar government’s restrictions on…

  • 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

    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…

  • Cannabis

    Should you invest in the Thai cannabis market

    If you’re exploring investment opportunities in the cannabis market, Thailand can offer a progressive platform for your future ventures. By establishing a Thai Limited Company, you can position yourself effectively in this rapidly developing industry. Having a thorough comprehension of the diverse licensing options available in Thailand’s cannabis sector is of paramount importance. These licenses play a significant role in…

  • 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…

  • 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

    Bangkok’s new food paradise: Mitsukoshi supermarket

    Bangkok is set to experience a gastronomic transformation as One Bangkok, the city’s fully integrated smart and sustainable district, partners with Japan’s largest department store group, Isetan Mitsukoshi Holdings Co., Ltd. This strategic collaboration aims to redefine Bangkok’s food and grocery shopping experience. One Bangkok, a joint venture between TCC Assets (Thailand) and Frasers Property Holdings (Thailand) Company Limited, has…

  • 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…

  • 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…

  • Business News

    Microsoft invests US$1.7 billion in Indonesia for AI, cloud services

    Microsoft revealed its plan to invest US$1.7 billion in Indonesia, with the intent of enhancing the nation’s cloud services and artificial intelligence (AI) capabilities. This includes the construction of data centres, according to the company’s chief executive, Satya Nadella, who announced it today, April 30, during his visit to the country. Marking his first stop in a Southeast Asian tour,…

  • 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.…

  • 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…

  • Thailand News

    Market thief electrocuted during wire heist in Mae Klong

    A female thief’s audacious wire theft act at the Rom Hub Market nearly turned fatal when she was electrocuted during the thievery, sparking concerns among local shop owners. A CCTV system at a catfish shop in Rom Hub Market, Mae Klong, Mueang district, Samut Songkhram province, captured the shocking incident. On the night of March 6, the woman, wearing what…

  • 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

    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

    Thailand’s potash push: Prosperity or peril?

    As Thailand eyes a leap into the lucrative potash market, concerns loom large over the potential environmental havoc it may unleash. Residents in the vicinity of Thailand’s solitary commercial potash mine have raised a chorus of apprehension, cautioning against Prime Minister Srettha Thavisin’s grand vision to catapult the nation into a leading potash producer. Their concerns centred around the likely…

  • 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…

  • Business News

    NocNoc leverages AI for personalised consumer experiences with IPO planned for 2028

    NocNoc, the e-marketplace specialising in home products and services, leverages artificial intelligence (AI) to deliver personalised online and offline consumer experiences. The platform is expanding into new lifestyle categories to tap into the home and living market, estimated to be valued at around 450 billion baht. Better Bee Marketplace Co, the firm behind the platform, anticipates an initial public offering…

  • Business News

    Samsung’s AI-infused Galaxy S24 series set to invigorate Thai premium smartphone market

    The latest AI-empowered Samsung Galaxy S24 series of smartphones, announced recently by Samsung Electronics Co, is set to stimulate the Thai premium smartphone market in the first quarter of this year. According to IT analysts, the launch of these new smartphones will lead to a rebound in Thailand’s local smartphone market by 2024. The new Galaxy S24 series, which includes…

  • Business News

    CP Group tempers investment due to global risk factors

    Charoen Pokphand (CP) Group, a renowned Thai conglomerate, has planned to temper its investment activities in the current year. The group’s CEO, Suphachai Chearavanont, has indicated that this strategic shift is driven by the desire to reap the benefits from previous years’ investments. Suphachai voiced concerns over several global risk factors anticipated to lead the agriculture sector into a stagnation…

  • Thailand News

    Pattaya floating market: Loss of Chinese tourists amidst safety concerns

    In a bid to revive Pattaya‘s reputation, the operator of the iconic Pattaya Floating Market is sounding the alarm, urging authorities to dispel safety concerns that have plagued Thailand. Amidst the ongoing struggle for a tourism comeback, Sumaporn Srimuang, the market’s general manager, reveals shocking statistics and pleads for a shift in perception. “China remains the linchpin of Pattaya’s tourism,…

  • Food

    Gourmet Market EMSPHERE: a new culinary destination opens in Thailand

    Gourmet Market, the premium supermarket and WORLD CLASS GOURMET DESTINATION invites all to experience the largest and ultimate dining kingdom at the new hot hit branch, EMSPHERE. This grand launch sets its mood and tone under the concept “HANG NEVER OVER: Shop, Taste, Chill, and Repeat”, which offers a unique shopping phenomenon with an assembly of ingredients and fabulous delectable…

  • Phuket News

    Chalong’s ex-mayor resists pressure to close popular Suksamran Market

    Former Chalong Mayor Samran Jindapol is standing his ground against formal charges, refusing to shut down the popular Suksamran Market on Chao Fa East Road, despite pressure from Chalong Municipality. The market, which has been functioning without disruption for nearly ten years, is still bustling with residents and vendors, who continue to back Samran staunchly. The ex-mayor, fondly known by…