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Thailand: Business mergers triple in 2024

Mergers surged to 590 billion THB (17.2 billion USD), almost triple the value recorded in 2023, with transport, medical and insurance sectors leading the growth, reported the Trade Competition Commission of Thailand (TCCT) on January 1.

Illustrative image (Photo: Nation Thailand)
Illustrative image (Photo: Nation Thailand)

Bangkok (VNA) – Mergers surged to 590 billion THB (17.2 billion USD), almost triple the value recorded in 2023, with transport, medical and insurance sectors leading the growth, reported the Trade Competition Commission of Thailand (TCCT) on January 1.

The TCCT said the transport and logistics sector accounted for the highest merger value at 180 billion THB in 2024, followed by the medical sector (120 billion THB) and the insurance sector (88 billion THB).

TCCT Secretary-General Wissanu Wongsinsirikul attributed this growth to intense competition driving business expansion and projected further increases in merger activity.

Wissanu added that the TCCT has established rules to ensure that mergers benefit all business operators and protect the economy and consumers. The commission retains the authority to inspect all mergers to safeguard fair competition in Thailand’s economic system./.

VNA
#Trade Competition Commission of Thailand #TCCT Secretary-General Wissanu Wongsinsirikul #insurance sector #business expansion Thailand
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