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BUSINESS

Bank of Thailand slashes tourism forecast

Somruedi Banchongduang, Published on 21/05/2025

» The Bank of Thailand has slashed its forecast for Chinese tourist arrivals this year by 2 million, or nearly 30%, reducing its projection for total foreign arrivals in 2025.

BUSINESS

GrabFood: Thailand’s Top Delivery App Tailored for Expats on the Go

Published on 21/05/2025

» In a city where time is precious and traffic unrelenting, GrabFood has emerged as more than just a delivery platform—it’s an essential part of daily life. From busy professionals seeking a quick lunch to expats craving the taste of home, GrabFood offers unmatched speed, variety, and reliability, making it Thailand’s go-to choice for food delivery.

BUSINESS

Thailand Showcases Rice Legacy at Global Convention

Published on 21/05/2025

» Over the past year, Thailand’s rice export performance has been strong, with a large export volume of 9.95 million tons, the highest in 6 years. However, in 2025, Thai rice exports trend is expected to face many challenging factors, such as surplus inventories and stockpiled rice in 2024 in key trading partner countries as well as intensified global competition due to the return of Indian rice exports and potential tariff adjustments under the Trump administration. All of these factors have contributed to volatility in the global rice market and intensified price competition. The global rice market situation tends to slow down effecting the first quarter of 2025 of Thai rice exports, with amount of 1.8 million tonnes, a decline of 27.99% year-on-year, from 2.51 million tonnes in 2024.

BUSINESS

China, Asean complete negotiations on upgraded free trade deal

Reuters, Published on 21/05/2025

» HONG KONG — China and the Association of Southeast Asian Nations (Asean) have completed negotiations to further refine their free trade area to include the digital and green economy and other new industries, China's commerce ministry said on Wednesday.

BUSINESS

Google I/O 2025 Recap: Major advances in AI showcased

Reuters and Online Reporters, Published on 21/05/2025

» MOUNTAIN VIEW, California - Google is preparing to put artificial intelligence into the hands of more internet users while teasing a $250-a-month subscription for AI power users, in its latest effort to fend off growing competition from rivals like OpenAI.

BUSINESS

SMEs look to each other for funding

Business, Nuntawun Polkuamdee, Published on 21/05/2025

» Small and mid-cap firms are facing greater obstacles in accessing funds through traditional channels, prompting them to forge strategic collaborations and pursue mergers and acquisitions (M&As) to survive the economic turbulence.

BUSINESS

Banking loan growth to slump in Q2

Business, Somruedi Banchongduang, Published on 21/05/2025

» Loan growth in the banking sector is expected to slow in the second quarter this year due to rising uncertainty surrounding global trade policies, according to an executive at the Bank of Thailand.

BUSINESS

OR eyes move into quick meal business

Business, Yuthana Praiwan, Published on 21/05/2025

» PTT Oil and Retail Business Plc (OR) is planning to venture into the quick meal business if ongoing talks with partners are successful.

BUSINESS

OTOD Smart Living project set in motion

Business, Komsan Tortermvasana, Published on 21/05/2025

» The Digital Economy and Society (DES) Ministry has launched the One Tambon, One Digital Smart Living (OTOD Smart Living) project nationwide to strengthen the digital capabilities of Thai communities and farmers.

BUSINESS

ONE Championship touts $470m tourism boost for Thailand

Business, Nick Atkin, Published on 21/05/2025

» ONE Championship chief executive Chatri Sityodtong says martial arts promotion does more than organise fighting competitions in Bangkok -- it's now a key engine for Thailand's tourism economy.