market
- 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…
- 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…
- 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
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…
- 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…
- 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 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…
- 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
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
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…
- 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…
