BUSINESS NEWS

Data centre service market to expand 8%   Thailand’s data centre services market is projected to grow by 8% this year to 12.7 billion baht, driven by rising demand for greater processing power to support companies’ adoption of artificial intelligence (AI) and enlarged data storage. The finance, wholesale and retail, and healthcare sectors are taking […]

Don Mueang airport preps for 700,000 Songkran travellers Don Mueang international airport expects about 700,000 passengers to pass through its portals during the Songkran holiday, up10% on last year. Airports of Thailand Plc (AoT) president Kerati Kijmanawat said on Wednesday that Don Mueng airport was ready to handle the influx. Don Mueang airport director Wichit

More than 50 Thai ESG X funds planned for May unveiling The Association of Investment Management Companies (AIMC) announced the establishment of more than 50 Thai ESG Extra (ESG X) funds from over 20 member companies on May 2, with expectations for new liquidity of more than 20 billion baht flowing to the Thai stock

More than 50 Thai ESG X funds planned for May unveiling The Association of Investment Management Companies (AIMC) announced the establishment of more than 50 Thai ESG Extra (ESG X) funds from over 20 member companies on May 2, with expectations for new liquidity of more than 20 billion baht flowing to the Thai stock

Thai economy to grow slightly above 2.5%, recovery uneven, BoT minutes show Thailand’s economy was seen growing by slightly more than 2.5% this year, less than earlier expected, the minutes of the Bank of Thailand’s (BoT) Feb  26 monetary policy meeting showed on Wednesday, with economic recovery becoming more uneven. At the meeting, the BoT’s

Thailand launches new investment fund to bolster stock market.   The initiative aims to stabilise the domestic stock market amid global economic uncertainties sparked by US trade policies   The Cabinet has approved the launch of the “Thai ESG Extra” fund, designed to encourage investment in sustainable and high-growth equities through substantial tax incentives.  This initiative aims

Property consultancy JLL eases worries about oversupply.   Despite concerns over potential oversupply in Thailand’s office sector, particularly in Bangkok, property experts believe demand remains robust enough to absorb new developments coming into the market. Global property consultancy JLL Thailand dismissed worries about office oversupply in Bangkok, citing strong demand dynamics that continue to absorb

Thai long-term equity funds to be revived soon.   The Thai government plans to revive the long-term equity fund (LTF) programme to support the local stock market, which has been the worst performer in Asia so far this year. The fund could be set up within the existing environmental, social and governance fund (ESG) framework

ECL aims to grow portfolio with Itochu.   SET-listed Eastern Commercial Leasing (ECL) expects its portfolio of auto hire-purchase and leasing loans to increase by more than threefold to 20 billion baht in five years, supported by its recent partnership with Japanese trading house Itochu. ECL formed a strategic partnership with GMT, a subsidiary of

SRT to boost Laem Chabang To Bangkok Freight Services.   The State Railway of Thailand (SRT) aims to increase freight services from Laem Chabang Port in Chon Buri to Bangkok to help reduce transport costs for import and export businesses. SRT governor Veeris Ammarapala on Wednesday led a team to inspect the deep sea port