Thai business
- Business News
AIS resumes HBO partnership, offers affordable streaming via AIS Play app
Advanced Info Service (AIS) has renewed its collaboration with global content provider HBO, making content available to customers through the AIS Play mobile app and AIS Playbox set-top box platform at competitive rates. Pratthana Leelapanang, Chief Consumer Business Officer at AIS, stated that the move aims to capitalise on the growing market for streaming services, encompassing both short-form and long-form…
- Business News
Etix Itel Bangkok invests US$20m in data centre expansion amid cloud services boom
Etix Itel Bangkok Co, the company behind the ETIX Bangkok#1 data centre, is set to invest nearly US$20 million in expanding its capacity to meet the increasing demand for cloud services and digital transformation in Thailand. The growth of the digital economy in the country has been bolstered by global cloud providers investing in the region. Nuttanai Anuntarumporn, CEO of…
- Business News
Thai Bankers’ Association considers new fee structure for industry
The Thai Bankers’ Association (TBA), which represents the banking industry in the country, is contemplating the introduction of a new fee structure in response to increasing operating costs. Banks are planning to take into account expenses from traditional and digital banking services while finalising the updated fee structure. This will be done in conjunction with the Bank of Thailand. The…
- Business News
Nine executives apply for NBTC secretary-general role
A total of nine executives have applied for the position of secretary-general at the National Broadcasting and Telecommunications Commission (NBTC). Seven individuals submitted their applications during the initial application period running from March 20 to April 7, with a further two applying during the extended period, concluding May 7. According to Dr Sarana Boonbaichaiyapruck, NBTC chairman, the new secretary-general will…
- Business News
Saha Group unit invests 6 billion baht in KingBridge Tower project
KingBridge Tower Co, a subsidiary of Saha Group, has invested six billion baht in the construction of KingBridge Tower, with a focus on offering office space rentals. Situated alongside Bhumibol Bridge and Rama III Road, the tower has been chosen as a demonstration project for energy and environmental conservation by the Circular Economy in Construction Industry group. The project utilises…
- Business News
Kerry Express partners with All Speedy to expand services into 7-Eleven branches in Thailand
Kerry Express (KEX), a leading express delivery provider in Thailand, has announced a partnership with All Speedy Co, a subsidiary of CP All, to extend its services to 7-Eleven branches across the country. Through this collaboration with All Speedy, Kerry Express is set to broaden its network of service points, offering services from as little as 19 baht and providing…
- Business News
The future of Thai workforce: Embracing flex work and employee experiences
Despite facing economic uncertainties, nearly 60% of global executives anticipate their businesses to achieve stable or significant growth. Asian leaders, however, express concerns about the rising cost of capital and debt, labour market tightness, and competition for talent when planning for the upcoming year. In the Global Talent Trends (GTT) Study 2023 by Mercer, human resources leaders in Thailand shared…
- Business News
Thailand’s export forecast for 2023 suggests 1% growth due to China’s economic recovery
Thailand’s exports are predicted to experience a 1% increase in 2023, with a more significant improvement anticipated later in the year due to the recovery of China’s economy, according to the Thai National Shippers’ Council (TNSC). In a news conference, council chairman Chaichan Chareonsuk stated that although exports faced a downturn in the first quarter, a resurgence is predicted for…
- Economy News
CP boss outlines 4 ways government could speed up pandemic recovery
One of Thailand’s wealthiest businessmen has outlined 4 ways in which the government could accelerate the country’s Covid-19 recovery. The Bangkok Post reports that Dhanin Chearavanont, senior chairman of the Charoen Pokphand Group, was responding to questions from journalist Suthichai Yoon during a Facebook Live interview yesterday. According to Dhanin, the government must increase relief measures for those affected by…
- Covid-19 News
Survey shows nearly half of Thai businesses expect return to normality in early 2022
A survey carried out by the Bank of Thailand shows that nearly half of Thai businesses expect life to return to normal during the first quarter of 2022. According to a Bangkok Post report, businesses of all sizes were interviewed between July 1 – 22 as part of the business sentiment index. The findings show that 45% expect people to…
- Business News
Consumer groups sue Trade Competition Commission for approving CP-Tesco merger
Thailand’s Trade Competition Commission has been served with a lawsuit courtesy of the Foundation for Consumers and 37 other consumer groups, as a result of a merger between the conglomerate Charoen Pokphand Group and Lotus (formerly Tesco Lotus). “The Charoen Pokphand Group is a Thai conglomerate based in Bangkok. It is Thailand’s largest private company and one of the world’s…
- Covid-19 News
Thailand producing over 4 million face masks a day
An increase in production facilities means Thailand is now producing 4.2 million face masks a day, leading to a growing surplus. A report in Nation Thailand says Internal Trade Director Vichai Pochanakit says producers in China are once again exporting the raw materials needed for mask production. The Thai government is now looking at ways to manage a daily surplus…
- Business News
Thai Airways petitions overseas creditors not to confiscate its aircraft
Thailand’s beloved but beleaguered national carrier is appealing to creditors in Switzerland, Japan and Germany not to seize its aircraft, while a similar request is being prepared for US creditors. If each country’s court approves the petition, Thai Airways assets will be protected against seizure when they fly into their jurisdictions. In particular, the airline will not risk having its…
- Business News
Thai Airways files for bankruptcy protection
Despite Thai Airways issuing a press statement and taking to social media to deny rumours it intends to file for bankruptcy, various media reports appear to confirm the struggling carrier will file for Chapter 3/1 of the Corporate Reorganisation section of the Bankruptcy Act. This is the Thai equivalent of Chapter 11 bankruptcy in the US. TTR Weekly reports that…
- Business News
Business recovery in the Covid-19 era
As some countries begin to tentatively look to reboot their economies in a Covid-19 world, what does the future hold for business? Nation Thailand reports today on an extensive Bank of Thailand survey that examined the impact of the pandemic on four business sectors and what might happen next. Things are looking a bit brighter for the manufacturing and retail…
- Business News
Number of foreign companies investing in Thailand up over 100%
Foreign investment in Thailand has grown by 106% according to the National News Bureau of Thailand, with officials rolling out a number of measures to make foreign investment less complicated. The latest increase is despite a fall in the number of foreign companies approved to carry out business in the Kingdom – down 23% from last year. Poonpong Naiyanapakorn, deputy…
- Business News
Thailand may lift ban on foreign investors for some innovation sectors
PHOTO: Marvin Meyer/Unsplash Thailand’s Commerce Ministry is considering whether to remove certain innovation-related businesses from the list of those open only to Thai citizens. The idea is being floated as a way of increasing foreign investment in Thailand, making the country a more attractive option for overseas companies. Deputy Director General of the Department of Business Development, Poonpong Naiyanapakorn says…
- Business News
Thai duty free giant King Power considers move into UK hotel industry
PHOTO: www.chillpainai.com The CEO of King Power, Aiyawatt Srivaddhanaprabha, says the group is considering a move into the hospitality sector in the UK. Speaking to the press yesterday, Aiyawatt says the idea comes at a time when property prices in the UK and Europe are dropping as a result of the global economic slowdown. “Our deal will be finalised next…
- Economy News
Strong baht poses a tough challenge for Thailand
PHOTO: Dreamstime.com Thailand’s currency is currently giving it a major economic headache, according to a Bloomberg report shared by ThaiVisa this morning. The Thai baht has been the best performer globally against the US dollar for over 5 years now, but that strength has caused growth estimates to be cut for an economy relying on trade and tourism. The ongoing…
- Business News
The most influential brands among Thailand’s millennials
PHOTO: ipg-connect.com A report published yesterday lists the most influential brands for Thailand’s millennials, who are also known as Generation Y. The report, carried out by Singapore think-tank Influential Brands and Bangkok-based brand agency Neo Target, lists Lazada, Grab Taxi, The Mall, Central, Cafe Amazon, Auntie Anne’s, Krispy Kreme, Mister Donut, Watson, Taokaenoi, Jobthai.com, Acer Computer, S&P and Makro among…
