market
- 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…
- Cannabis
Should you invest in the Thai cannabis market
If you are 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…
- 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…
- 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
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
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…
- 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,…
- 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…
- 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…
- 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…
- 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…
