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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Jet fuel costs force Korean budget airlines to cut Thai flights
South Korean budget airlines are cutting and suspending flights to Thailand as rising jet fuel costs, worsened by the ongoing conflict in the Middle East, squeeze low-cost carriers on the route. T’way Air announced via Facebook that its daily service between Suvarnabhumi and Incheon airports will continue only until May 9, after which it will be reduced to twice weekly…
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US banks warned of cyber risks from new AI model
Top executives from major American banks were warned by a senior US government official about potential cyberattack risks linked to a new artificial intelligence model from Anthropic, with a closed-door meeting held in Washington, DC. Treasury Secretary Scott Bessent addressed a select group of bank CEOs, including those from Bank of America, Citi, and Wells Fargo, warning that integrating the…
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Thai economy braces for stagflation amid Iran war: How real estate must pivot to survive
The secretary-general of the National Economic and Social Development Council (NESDC), Danucha Pichayanan, said that the prolonged conflict and the closure of the Strait of Hormuz for over a month had significantly impacted global energy market confidence. Iran has proposed negotiation conditions, such as the withdrawal of US military bases from the Middle East. This marks an initial stance for…
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Oil firms deny plans to sue government over diesel price controls
Two oil refineries denied legal action against the Thai government after the Ministry of Energy ordered a reduction in the diesel refining fee to lower retail prices during the ongoing energy crisis. Energy Minister Akanat Promphan announced on April 7 that the refining margin for diesel types B7 and B20 would be cut by 2 baht. He added that retail…
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Southeast Asia leans toward China over US, 2026 survey finds
A survey published by a Singaporean institute has found that a slim majority of respondents across Southeast Asia would align with China over the United States if forced to choose between the two powers. The poll, conducted between January 5 and February 20, 2026, covered 2,008 respondents from all 11 ASEAN member states, including Timor-Leste, which joined the bloc in…
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Thailand plans overnight petrol station restrictions after April 20
Thailand could begin restricting fuel station operating hours after April 20, with petrol stations potentially closing from 10pm to 5am as the government considers energy-saving measures amid conflict in the Middle East. Prime Minister Anutin Charnvirakul said yesterday, on April 7, that the government is working on oil-saving measures to ensure the country has enough fuel for domestic use. He…
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AirAsia ticket prices rise 40% as fuel costs stay sky-high
AirAsia X is raising ticket prices by up to 40% as soaring jet fuel costs linked to the Middle Eastern conflict put fresh pressure on airlines across Asia. The carrier said yesterday, April 6, that higher oil prices had become its most serious challenge, with jet fuel costs doubling in recent weeks. The increase is forcing the long-haul low-cost airline…
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What is a refining margin, and why is it soaring during the Iran war?
Drivers are currently sweating over high gas station prices. A major cause is the conflict in Iran. Economic news often highlights rising refinery margins. The normal margin is two baht, but it recently exceeded 17 baht. Understanding the refinery margin is straightforward. A merchant buys oranges at a certain price to squeeze and sell bottled juice at a higher price.…
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Thailand freezes fares, offers fuel subsidies after 6-baht pump price shock
The Ministry of Transport has introduced targeted fuel subsidies for four specific transport groups from April 1 to 30, 2026. At the same time, it is freezing public transport fares to ensure affordable travel during the Songkran festival. The move follows a sharp retail fuel price hike of 6 baht per liter on March 26, 2026, by the Fuel Fund…
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SCB X CEO warns Thailand’s economy is ‘melting’ and cash handouts won’t fix it
Arthid Nanthawithaya, Chief Executive Officer of SCB X, has issued a warning regarding the current state of the Thai economy. He noted that the present crisis differs significantly from past events like the 1997 financial crash. Moreover, he emphasized that the current volatility is not a temporary phase. Instead, it is a permanent shift that will become more frequent and…
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