BUSINESS NEWS

Chinese electric vehicle (EV) manufacturer Omoda & Jaecoo (Thailand) is planning to spend more money in a bid to stimulate sales of EVs amid the sluggish automotive market in Thailand. The company, a subsidiary of China’s state-owned Chery Automobile, earlier announced a 5-billion-baht investment to build a battery EV (BEV) plant in Rayong, scheduled to […]

The Thai Restaurant Association sees the price war among major shabu brands as reflecting challenges of the sluggish Thai economy, as consumers are increasingly seeking value-for-money dining choices. This price competition is also affecting small and medium-sized restaurant operators. Last weekend, Thai media reported on the launch of Bonus Suki, a new sukiyaki brand operated

The proposed 36% tariff on US imports of Thai products could pile pressure on the manufacturing sector, with workers likely to bear the brunt, says the Employers’ Confederation of Thai Trade and Industry (EconThai). The rate, scheduled to take effect on Aug 1, is higher than Thailand’s key rivals in Southeast Asia, as a 20%

Washington, D.C. — On May 11, 2025, the opening day of the SelectUSA Investment Summit 2025 in Washington, D.C., Dr. Nalinee Taveesin, President of Thailand Trade Representatives, led a high-level delegation from both the Thai public and private sectors to the biggest investment conference in the USA. The mission aims to deepen economic cooperation with

An increase in the daily minimum wage to 400 baht for all workers in Bangkok will take effect on July 1, the national wage committee said on Tuesday. The 400-baht minimum rate will also apply to workers in most hotels and entertainment venues nationwide. Previously, it was limited to major tourist provinces and to upmarket

As consumers tighten their budgets, leading sukiyaki restaurants are engaging in a price war to attract customers. This strategy has advantages and drawbacks, while the effect on sales can be uncertain. Local suki giants MK Restaurants and Suki Teenoi are going head-to-head in a battle for diners, as the sluggish economy affects purchasing power and

The government on Tuesday welcomed the latest assessment by global credit rating agency S&P Global Ratings, stating that the rating reflected confidence in the country’s economic management. S&P on Monday affirmed Thailand’s credit rating at BBB+ and retained its stable outlook for the country. The agency projected Thailand’s gross domestic product (GDP) growth at 2.3%

Central Group has spent over 300 million baht on revamping Huamark Center to turn it into a next-generation lifestyle shopping mall. Pong Skuntanaga, head of corporate business development at Central Group, said the primary goal of the investment was to create a vibrant space that meets the diverse needs of people of all ages and

Thailand should have a casino tax rate that is competitive with Singapore and a substantial number of locals should be allowed to visit casino complexes, rather than solely serving foreign tourists in order to stimulate tourism and economic growth, says integrated resorts operator MGM Resorts International. The operator is interested in investing in a US$3-5

A passenger takes a photo with a train on a platform at Krung Thep Aphiwat station in Bangkok on Jan 3. (Photo: PR SRT Facebook account)  Thailand and Malaysia will revive a train line between Bangkok and Butterworth in the next three months following a pledge by their leaders to expand transport links. Transport Minister