Business News
Stay abreast of the ever-changing Business News in Thailand through our comprehensive coverage of local and international business events, market trends, and economic updates. We provide reliable analysis, in-depth features, and expert insights on the most relevant business stories, including issues affecting Thailand’s stock market, foreign investment, and entrepreneurship. Track the business world’s pulse as we inform you of crucial developments shaping Thailand’s economic landscape.
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Sponsored Working in Thailand: How expat health insurance protects your career and lifestyle
Starting a career in Thailand can be an exciting chapter, but it also brings unique challenges, especially when it comes to health and wellness. For expats, navigating Thailand’s healthcare system and meeting work permit requirements can be difficult. And while...
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Israeli food tech could elevate Thailand’s agriculture sector
Israeli food technology has the potential to significantly enhance Thailand’s agriculture sector, according to Israeli Ambassador Orna Sagiv. Speaking at the Savor the Future of Food: Satisfy Your Hunger with Israel’s Innovation event in Bangkok held recently, Sagiv highlighted Thailand’s vital role as the kitchen of the world, emphasising its major contributions to food production and supply on a global scale.…
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Thai nominee crackdown: DBD ‘takes stock’ in sweeping investigation
Thailand’s business watchdog, the Department of Business Development (DBD), is gearing up for a major crackdown on foreign firms using Thai nominees to skirt local regulations. Next year, they’re planning a sweeping investigation into a whopping 27,000 business entities. The mission? To dig deep into industries like tourism, real estate, hotels and resorts, transport and logistics, and even the bustling…
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Thailand’s biz boom buzzes past 90,000 as exports, tourism take off
Thailand’s business scene is buzzing, with new registrations expected to smash through the 90,000 mark this year. This surge comes courtesy of a rebound in exports and tourism alongside government stimulus measures kicking in as 2024 draws to a close. According to Auramon Supthaweethum, the Director-General of the Department of Business Development (DBD), there was a promising 2.18% uptick in…
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Thailand’s TV dramas to ‘script’ new chapter in economic growth
Thailand’s TV dramas are set to become the next big thing in economic growth as the government throws its weight behind the creative industry. In a bold move, a dedicated subcommittee has been established under the National Soft Power Development Committee to craft policies turbocharging the sector. With traditional TV viewership dwindling, channels are dusting off old classics and cutting…
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Crypto rockets: Bitcoin set to reach new heights
Bitcoin’s star is on the rise, with traders buzzing about the possibility of its price rocketing from a cool US$98,000 to a dazzling US$180,000. This optimism stems from the hope of the Federal Reserve slashing interest rates next year and a flood of interest from big-money institutional investors. Bitcoin hit an all-time high of US$98,000, yesterday, November 24, thanks to…
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Nissan Thailand denies complete shutdown, only partially
Nissan Motors is slashing jobs and scaling down operations in Thailand as it grapples with declining market share and increased competition from Chinese automakers. In a dramatic twist to its global restructuring plan, unconfirmed local reports suggest the Japanese car giant is planning to cut around 1,000 jobs in Thailand—part of a worldwide layoff affecting 9,000 employees announced earlier this…
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AirAsia plans low-cost hubs in Bangkok and Kuala Lumpur
Well-known discount airline AirAsia is setting its sights on replicating the global connectivity success of Dubai but with a low-cost twist centred in Bangkok and Kuala Lumpur. After navigating the challenges posed by the Covid-19 pandemic, the airline is eager to expand its network and leave its tumultuous past during the pandemic behind. Tony Fernandes, the founder of AirAsia, envisions using…
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Crypto the future: Thailand coins new digital investment arena path
Thailand is making strides to become a regional leader in digital asset investment, with the government pledging to create opportunities and enhance accessibility in this burgeoning market. Deputy Finance Minister Julapun Amornvivat emphasised the importance of collaboration with the private sector to support the growth of digital assets during a keynote speech at a Binance TH event. In his address,…
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Buckle up: Thai auto shifts gears for loan market acceler-ace-tion
Hold onto your seat belts, folks, because CIMB Thai Auto is gearing up for a high-octane comeback in the used car loan market. The subsidiary of CIMB Thai Bank (CIMBT), known for its expertise in financing pre-loved motors, has its eyes set on a market turnaround next year, fuelled by a gradual economic recovery and cooling interest rates. Upbeat Managing…
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GTA reports gold prices glisten amidst market chaos
In a refreshing change from recent volatility, the Gold Traders Association (GTA) sparkled with an announcement that gold prices are holding firm today, maintaining the surge seen earlier. For the shrewd investor or even the casual enthusiast watching their assets, this is golden news. Gold ornaments are on offer for 43,600 baht per baht weight, mirroring yesterday’s closing figures, much…
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Page turner: Thailand’s book market writes 2025 comeback story
Thailand’s book market is on the cusp of a thrilling new chapter, as publishing prospects for 2025 glisten under the warm glow of an economic upswing. The Publishers and Booksellers Association of Thailand (PUBAT) is buzzing with optimism, as executive committee member Theerapat Charoensuk reveals that the nation’s literary scene is poised for robust growth, propelled by the country’s economic…
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Thailand ranks in top three for Southeast Asia IPOs
Thailand has emerged as one of the top three initial public offering (IPO) markets in Southeast Asia, securing 26% of the total fundraising in the region. This achievement reflects a robust pipeline of IPOs, particularly in the consumer, healthcare, and real estate sectors, according to global consultancy Deloitte. As of yesterday, November 19, Thailand conducted 29 IPOs in the year,…
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Thailand on the offensive with DE-fence against call centre scams
In a bold move to tackle the ever-growing menace of call centre scams, the government’s Digital Economy and Society Ministry is pulling out all the stops by developing a cutting-edge platform, DE-fence. Slated for an early 2025 debut, this high-tech watchdog will act as a first line of defence against dodgy calls and deceitful texts. It promises to arm the…
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Thai investment roadshow heads to Shanghai to court investors
Thailand’s Finance Minister and Board of Investment (BOI) Chairman Pichai Chunhavajira will lead a delegation to Shanghai this week for a four-day investment roadshow, targeting high-tech manufacturers and EV industry players. BOI Secretary-General Narit Therdsteerasukdi announced that the mission, running from tomorrow, November 19 to 22, aims to attract Chinese manufacturers, particularly those specialising in EV battery cells and advanced…
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Medeze scoops prestigious industry award for stem cell innovation
MEDEZE Group Public Company Limited hit a high note in the world of regenerative medicine, bagging the coveted ACES Award for Industry Champions of the Year. This accolade shines a spotlight on the firm’s monumental strides in stem cell banking across Southeast Asia, celebrating its impressive evolution from Bangkok Stem Cell in 2010 to Thailand’s top mesenchymal stem cell bank…
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Thailand set to ‘stir up’ the economy with juicy stimulus carrot
Thailand is gearing up to dangle a glittering economic carrot with a new stimulus package set to roll out by year’s end, stretching well into 2025. This ambitious plan aims to supercharge the country’s economy, injecting life into key sectors and rallying national growth. In the corridors of power, Deputy Finance Minister Julapun Amornvivat revealed that the top-tier economic stimulus…
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Thailand economy gives a surprise ‘Thai’ five with Q3 growth leap
Thailand’s economy just delivered a surprise package of positive news! Official figures released today, November 18, reveal that the nation’s economic growth has leapt to a striking 3.0% increase in the third quarter compared to last year, leaving analyst predictions of 2.6% in the dust. In a stellar performance, Southeast Asia’s second-largest economy also recorded a seasonally adjusted growth of…
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EV excitement with a shock: Thailand’s green dream hits a snag
Thailand’s electric vehicle (EV) industry may be sparking excitement but beneath the surface, a storm of challenges is threatening to short-circuit the nation’s EV ambitions. Despite a surge in EV usage, the sector is grappling with poor domestic car sales, sluggish economic growth, crippling household debt, and cutthroat pricing wars that could derail its progress. Chinese EV manufacturers, with their…
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Thailand’s debt drive: Putting the brakes on cars and homes
The financial woes of Thailand have taken centre stage as crippling debt levels put the brakes on car sales and curb the housing market, particularly among low-income households. With banks wary of non-performing loans (NPLs), many hopeful borrowers are seeing their applications for mortgages and car loans hit the skids. In response, the government is steering new initiatives to tackle…
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Thai elderly to soon receive 10,000 baht cash aid: Finance Ministry
The Ministry of Finance is poised to introduce a one-time cash payment initiative targeting the elderly, as confirmed by Deputy Finance Minister Paopoom Rojanasakul. This proposal, amounting to 10,000 baht, will be presented during the upcoming economic stimulus policy committee meeting scheduled for Tuesday, November 19. This new measure specifically excludes state welfare cardholders and disabled individuals who previously received…
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Bangkok Motor Expo shifts into high gear to rev up bookings
Buckle up, folks! The 41st Bangkok International Motor Expo is zooming into town tomorrow, and car distributors are hoping for a much-needed boost in bookings, despite the market feeling like it’s stuck in first gear. Last year saw a whopping 53,248 bookings, and this time around, organisers are revved up to beat that record this year. Kwanchai Paphatphong, the man…
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Thailand explores nuclear energy amid gas supply concerns
The Energy Regulatory Commission (ERC) is gearing up for a deep dive into the legalities of a new small modular reactor (SMR) project right here in Thailand. The nation is at a crossroads, and embracing nuclear energy could be its ticket to a future-proof power grid. Why now, you ask? The country’s domestic gas supplies are drying up, and talks…
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Thai Airways cash turbulence: Will shareholders give a capital lift-off?
In a dramatic twist, shareholders of Thai Airways International (THAI) are in a heated debate over whether to pump more cash into the airline, despite its recent financial turnaround. With a shiny rehabilitation plan in place, which includes a bold proposal for capital injection, the airline’s comeback story is under the microscope. Central to this saga is the question of…
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Gartner’s tech-tacular 2025 trends: AI you ready for the future?
US technological research and consulting firm Gartner has unveiled the groundbreaking tech trends to dominate 2025, including AI imperatives, novel computing frontiers, and human-machine synergy. These trends promise to revolutionise organisations with responsible and ethical innovation, said Gartner VP analyst Gene Alvarez “Tracking these trends will help IT leaders shape the future of their organisations with responsible and ethical innovation.”…
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Thai hoteliers worry foreign businesses could harm tourism image
Concerns have risen among Thai hoteliers over the increasing use of Thai nominees by foreign businesses, which they fear may tarnish Thailand’s tourism reputation. The Thai Hotels Association’s (THA) monthly sentiment index highlights this growing unease, especially as the high season begins. THA President Thienprasit Chaiyapatranun revealed that nearly half of Thailand’s hotels express apprehension about illegal foreign investments, particularly…
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Thailand plans 14 new floating solar farms to boost renewable energy
The Electricity Generating Authority of Thailand (EGAT) is pushing forward with the development of 14 new floating solar farm projects as part of its strategic efforts to increase renewable energy production. These projects, with a combined capacity of 2,656 megawatts, are set to be constructed on the reservoirs of seven hydroelectric dams under the latest national power development plan (PDP) for…
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Grain expectations: Thailand ‘rices’ to occasion with export boost
Thailand is on track to bolster its rice exports to 9 million tonnes this year, potentially generating 230 billion baht (US$6.4 billion), according to the Commerce Ministry. This optimistic projection follows the country’s successful export of 7.45 million tonnes in the first nine months, already yielding 172 billion baht (US$4.95 billion) in revenue. This marks a notable year-on-year increase of…
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Bangkok: Ratchadaphisek land listed for 11 billion baht sale
A prominent businessman has put a substantial parcel of land up for sale in the Ratchadaphisek area, valued at 1.5 million baht per square wah, amounting to over 11 billion baht. This prime location has attracted interest from Chinese investors keen on developing a hotel. Over 19 rai of land, located along Ratchadaphisek Road and near the Eastern Orange Line…
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Thai baht hits lowest level amid central bank independence fears
Thailand’s baht suffered a significant drop, marking the largest decline among Asian currencies amid growing concerns over the diminishing independence of the nation’s central bank. The baht depreciated by over 1% to 34.739 against the US dollar, reaching its weakest level since August 19. This decline followed reports that Kittiratt Na-Ranong, a former finance minister known for his critical stance…
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Hippo hooray: Moo Deng ‘charges’ up Chon Buri’s tourism boom
Chon Buri province is experiencing a significant boost in tourism revenue, largely due to the popularity of a baby pygmy hippo named Moo Deng. This charming young hippo, only four months old, has become a major attraction at the Khao Kheow Open Zoo. Governor Thawatchai Srithong announced that Chon Buri’s tourism-related revenue reached 27 billion baht (US$777 million) from July…
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