market
- 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…
- 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
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
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
Samsung’s Galaxy S24 series boasts strong pre-orders in Thailand
Thai Samsung Electronics’ Vice-President of Mobile Experience, Sitthichoke Nopchinabutr, expressed confidence in the company’s position in Thailand’s competitive smartphone segment. This follows the recent launch of Samsung’s Galaxy S24 series, equipped with advanced artificial intelligence (AI) capabilities. Sitthichoke revealed that the volume of pre-orders for the S24 series places Thailand among the top five markets globally. Moreover, it leads to…
- 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,…
- Thailand News
Veggie vendetta: Foreign workers in hot water for dumpster diversions in Thai market
A group of foreign workers sparked controversy after being accused of selling vegetables picked from dustbins in a local Thai market. The incident prompted calls for the authorities to investigate whether these actions contravene the law. The issue, widely debated on social media, emerged when a Facebook user exposed the problem by sharing pictures along with a caption that questioned…
- 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…
- Thailand News
Unexpected love sprouts in the cabbage aisle: A market trip blossoms into a captivating romance
A captivating incident surfaced on social media when a woman revealed her market visit to buy cabbages, which turned into an unexpected romance. Unable to find cabbages of her preference, the woman’s attention was drawn to an attractive young man emerging from a nearby vegetable store, presumed to be the shop owner’s son. The woman intrigued and excited, approached the…
- Thailand News
Carabao-Red Sun hops into the ring to challenge Thai beer titans
The beer market in Thailand has been invigorated by the introduction of a new player, Carabao-Red Sun, which aims to challenge renowned beer brands, Singha and Chang. The new entrant comes from the Carabao Group, led by Sathien Setthasit, and has already been launched across Thailand via Modern Trade stores. This new contender to the 2.6 hundred billion baht beer…
- Phuket News
Phuket City gears up for debut of Chartered Walking Street market
Phuket City Municipality issued an advisory to residents and visitors alike, informing them of the forthcoming closure of Phang Nga Road this coming Sunday, November 5. The thoroughfare will be shut down from 1pm to midnight to pave the way for the debut of the Chartered Walking Street Market. The Chartered Walking Street Market’s geographical footprint will extend along Phang…
- Thailand News
Surin: More than 300 shops destroyed by massive fire at Chong Chom border market
A massive fire engulfed the Chong Chom border market in Surin’s Kap Choeng district late last night, destroying over 300 shops. The fire thankfully claimed no lives. In response to the emergency, over 10 fire trucks, along with numerous firemen and rescue teams from the district and surrounding areas, were dispatched to quell the fire at the Chong Chom border market…
- Business News
ThaiBMA warns investors about corporate bonds as firms struggle amidst pandemic
The Thai Bond Market Association (ThaiBMA) is urging caution among investors considering corporate bonds due to ongoing challenges faced by several companies in the aftermath of the Covid-19 pandemic. Ariya Tiranaprakit, ThaiBMA’s executive vice president, highlighted that three companies failed to meet debenture payments totalling 12.1 billion baht this year. Additionally, some firms struggled to adhere to corporate bond payment…
- Business News
Rice export surge: Thailand fast-tracks new varieties to boost global market share
Thailand is making significant strides in boosting its export competitiveness by fast-tracking the development of new rice varieties to meet global market demand, with plans to introduce 30 new varieties in the coming year. Following the “new rice variety contest for Commerce” event, Commerce Minister Jurin Laksanawisit discussed Thailand’s efforts to combat the lack of diversity in its product offerings…
- Crime News
Vendors in eastern Thailand deny monitor lizard meat sold at market
Vendors at a market in Thailand’s eastern Trat province deny that monitor lizard meat is being sold there. This news comes after two suspects arrested in the central Suphan Buri province claimed that the reptile meat was sold to markets in Trat along the Thai-Cambodian border. Reporters from ThaiRath visited the Bo Phloi municipal fresh market in Trat’s Bo Rai district…
- Technology News
Three crucial lessons learnt while building a lending start-up during Covid-19
Press Release Without a doubt, starting a business from scratch is a crazy leap of faith, and doing so during a global pandemic is sheer insanity. To this day, Amir, my business partner and co-founder, and I have never even met. We took a chance and discarded the conventional “dating process” for founders in favour of a more modern approach.…
- Thailand News
Bangkok’s Jodd Fairs market is relocating
Famous night market Jodd Fairs in the Rama 9 area of Bangkok will be relocating to Ratchada at the end of the year. The new night market is expected to open in January 2024. In November 2021, the famous Talat Rot Fai Ratchada (Train Night Market Ratchada) which permanently closed during the Covid-19 pandemic made a comeback under the rebranded…
- Crime News
15 year old stabs teen to death at Thai market
A 15 year old boy stabbed a 16 year old boy to death at Owl Night Market in Nonthaburi province, just north of Bangkok in central Thailand, on Tuesday. The teenagers apparently did not know each other. The deceased’s 15 year old friend Tee (pseudonym) told police that he was at the market with his friends when another group of…
- Tourism News
Tourists flock to famous market in Koh Samui
Tourists are flocking to a famous market in Koh Samui for its mouthwatering food. The vice president of the Tourism Council of Thailand said the tourists are loving the Pad Thai, papaya salad (Somtam), and grilled chicken at The Wharf Samui. The market opens every Wednesday and Friday from the late afternoon until late night. Tourism Council Vice President Wiwat Chuenban…
- Thailand News
Thailand: Don’t buy multicoloured axolotls, warns experts
Multicoloured Mexican amphibians are Thailand’s latest trend, but experts are begging people not to buy them. Brightly coloured axolotls might be cute, but they die after just one week, according to a group of axolotl breeders in Thailand. Axolotls are a type of critically endangered Mexican salamander popularised among the Thai youth through the game Minecraft. The animal has become…
- Crime News
Man stabs ex-girlfriend’s new boyfriend 30 times at market in central Thailand
A jealous Thai man stabbed his ex-girlfriend’s new partner over 30 times, leaving him lying in a pool of blood at a busy market in the central province of Samut Prakan province on Tuesday. Rescue workers rushed the unconscious victim to hospital where he died from his injuries. In a horror attack, 20 year old Korakitti stabbed his ex-girlfriend’s new…
- Thailand News
Couple having sex in car allegedly attempt to run over security guard after confrontation
A security guard narrowly dodged getting run over after asking a couple who were having sex in a parked car at a Bangkok market to move along. When the head of security approached the car in the early hours of Sunday morning, the driver attempted to run him over and fled the scene. No one was injured. 20 year old…
- Food
City Guide: Top 5 supermarkets to buy groceries in Thailand
If you’re visiting Thailand for an experienced period, or planning to buy or rent an apartment and call the country home, then you’re bound to run out of essentials from time to time. Fortunately, Thailand’s numerous supermarket store franchises provide everything you need, from kimchi to toilet paper. But if you’re not sure which chain best suits your shopping wants…
- Travel
Travel Guide: Top 5 magical night markets in Thailand 2022
Thailand’s night markets are sure to provide a memorable holiday experience. These colourful community hubs of local trade and fares can be found in every major city across the country, from Chiang Mai to Phuket, from Bangkok to Krabi. Each the top night markets in Thailand has something unique to offer, whether it’s a unique type of item at extremely…
- China News
Alibaba and Tencent sites added to US ‘notorious markets’ list
The US government has added popular e-commerce sites operated by China’s Tencent and Alibaba to its “notorious markets” list. The US Trade Representative’s office said on Thursday that is was adding the two online markets to its growing list of 42 online and 35 physical markets that are alleged to facilitate or engage in widespread piracy of copyright and trademark…
- Property
Demand for residential property returns to Phuket
After the Phuket Sandbox programme has seen 4 months since its commencement, it seems to have brought some life back to the island after almost 2 years of a stagnated economy. The Tourism Authority of Thailand says a total of 59,689 international tourists have visited the Andaman Sea vacation island under the Sandbox programme from July 1 to October 30.…
