Business News
Thailand business news, market trends, foreign investment, and economic updates—stay informed on stock market movements, entrepreneurship, and key developments shaping the economy. Get the latest from The Thaiger, your trusted source for business news in Thailand.
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Sponsored 5 ways retirees in Thailand lose money (and how to stop it)
Retiring in Thailand can be affordable and enjoyable, but many retirees lose money due to common mistakes. High living costs, scams, and unexpected expenses can quickly drain savings. There are five ways that retirees in Thailand can lose money and...
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Chevy’s having a “garage sale” and prices are halved
General Motors’ recent announcement that it’s ending production and sales of Chevrolets in Thailand means prices for new Chevrolets have been cut by half. The starting price for the latest SUV, the Captiva, is now just under half a million baht. General Motors announced Sunday that it’s pulling out of “markets that don’t produce adequate returns on investments,” namely Thailand,…
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Thailand’s General Motors plant sold to China’s Great Wall Motors
China’s Great Wall Motors has agreed to buy the General Motors’ Thailand manufacturing plant in Rayong. It’s expected than the transaction will be completed by the end of this year. GM announced this week that it is accelerating a retreat from “unprofitable markets”, becoming more dependent on the US, China, Latin America and South Korea for its manufacturing. Read more about…
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Slurpees, phonecard top-ups, snacks and now you can do your washing
…well, in one store anyway. Maybe more to come. You can pay your bills there, buy a Slurpee, get a good coffee and, now, do you washing too. A Bangkok 7-Eleven store has rolled out its own laundry service, not that anyone is going to be actually doing your laundry, but they will provide the washing machines. The laundromat at a…
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MICE sector to get 200 million baht in relief funding
Thailand’s government will provide relief funding for the MICE (meetings, incentives, conferences, exhibitions) sector after it declined by half due to the coronavirus outbreak. The cabinet approved the extra budget last week. The Thailand Convention and Exhibition Bureau (TCEB), together with the Thai Chamber of Commerce (TCC) and listed companies, will provide 200 million baht in cash incentives to promote…
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Thai Airways considers leasing planes and outsourcing cabin staff
In its attempts to restructure the legacy national airline, senior staff of Thai Airways may lease aircraft and cabin staff. The plans are part of fleet and service improvement options as demanded by the Thai Government who had to find 11.1 billion baht over the first 9 months of 2019 to keep the national airline in the skies. According to…
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Grab plans to be in 30 Thai provinces this year
Grab, the everyday-everything-travel-food-delivery-super-app, has kicked off 2020 by announcing its expansion plan to second-tier cities and provinces across Thailand through a new, innovative business model using Mini-Grab Centres (Mini-GCs). The move will see it extend its presence to 30 of Thailand’s 76 provinces before the end of 2020 and help increase the benefits of Thailand 4.0 and the digital economy…
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The Coronavirus Effect – Phuket by numbers
by Bill Barnett of c9hotelworks.com The impact of the current outbreak of the novel coronavirus in China, and a limited spread to 18 other countries, will be felt in the months ahead. Whilst the headlines loom large at the moment with statistics and stories of the spread, the downstream effects on Thai tourism, and particularly the areas favoured by Chinese…
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Thai tourism to take hit over Coronavirus
by Bill Barnett of c9hotelworks.com A travel ban is now in effect in Mainland China for tour groups who were booked for holidays overseas. Over the past few days hoteliers in Phuket, Bangkok and throughout the country are reporting significant cancellations, not only of groups but also independent travellers (FITs). Last year Mainland Chinese travellers to Thailand nearly eclipsed 11 million,…
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Forecasts for Bangkok property 2020
A supply influx of new office space is on the way while the overall retail industry faces low consumer confidence. But, in 2019, the number of Chinese tourists to Thailand has started recovering, says CBRE, an international property consultant. Bangkok Office Market The office market in Bangkok continues to perform strongly for this, but CBRE identifies challenges that are heading…
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Three massive condo developments along Phuket’s up-market Layan Beach
by Bill Barnett – c9hotelworks.com Two new condo developments are going ahead in the Layan Beach area of Phuket’s up-market west-coast beach strip. And there’s another one underway next to the Dream Beach Club at the northern end of the Layan beach strip. All in all, another 1,200+ keys added to the available rooms along the Bang Tao/Layan Beach area.…
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Minor International battles Marriott over popular Phuket hotel property in court
Marriott International, the American international hotel company, has failed in its bid to secure an injunction in a Thai court to stop a legal claim filed by the Minor International group. Minor International (MINT) says that its subsidiary MI Squared Ltd had filed a legal claim in a Thai court against Marriott International and the Thai subsidiary Luxury Hotels &…
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Bangkok’s vacant land owners growing fruit and vegetables to evade vacant-land tax
A loophole in land tax around Bangkok (actually everywhere in Thailand) is having an unexpected side effect, mostly good. Many vacant property owners in Bangkok are growing fruit and vegetables to escape the newly launched tax on their undeveloped land. For example, Banana trees are now growing on an expensive piece of land near Naradhiwat-Rajanagarindra Road. To avoid the new…
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Two out of three CEOs say the 2020 Thai economy will not improve – Survey
Many CEOs, based in Thailand, don’t expect Thailand’s economy to improve during 2020. Many surveyed cited global economic uncertainties, according to the “CEO Survey” of 100 individuals. The survey was conducted by Krungthep Thurakit newspaper a month ago. Around 68.4% of the respondents didn’t expect the economy to improve this year, while 31.6% were saying that the economy would fare…
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Doctors, teachers and WHAT?#! Thai kids career choices 2020
PHOTO: Bangkok Prep The results of the 11th Children’s Dream Career Survey for 2020 are out. The annual survey is conducted by Adecco Group Thailand. 4,050 Thai children, aged 7 to 14 years from all parts of the country, were surveyed about their dream career. The top dream career for Thai kids is to become a doctor, followed by teacher. The…
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Thailand charges towards an electric car future, with a few speed bumps
Thailand has the biggest automotive industry in Southeast Asia and the 12th largest in the world. Most of those coming out of Thai factories, well just about all really, are standard internal combustion engines with a few ‘hybrid’ models sprinkled in there as well. The hybrids include electric motors and charging systems which saves fuel and load on the petrol engines. But there…
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Starbucks Thailand introduces paper straws from next Monday
The Thai operators of Starbucks Coffee says it will provide paper straws to customers at all stores across Thailand starting next Monday, January 6. The announcement is most likely in response to the national mood to reduce usage of single-use plastic items although the local Starbucks franchise say the announcement has been in the pipeline for the past year. Starbucks…
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EssilorLuxottica announces a 6.3 billion baht fraud at a plant in Thailand
EssilorLuxottica has reported a 213 million US$ (6.3 billion baht) fraud in on of its plants in Thailand. EssilorLuxottica is a French-Italian multinational corporation based in Paris with subsidiaries and manufacturers around the world. Essilor Luxottica, a global designer, manufacturer and distributor of ophthalmic lenses, frames and sunglasses, has announced that its subsidiary Essilor International recently discovered fraudulent fund transfers in one…
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