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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Thai baht hits highest level against the USD in six years
The baht finished in spectacular fashion after a year as one of the world’s most stable currencies, when it reached 30.15 baht against the US$, its highest level in six years. Kasikornbank Bank is forecasting that the Thai baht could move into a range of 30-30.30 baht to the dollar this week (up to January 3). Investors have been selling USD…
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Flydubai introduces daily Dubai-Krabi flights
PHOTOS: Tourism Authority of Thailand More routes from more locations into Thailand’s secondary airports has been the story of 2019 aircraft arrivals. Now the Tourism Authority of Thailand has welcomed flydubai’s inaugural flight on the Dubai-Krabi route. It arrived at Krabi International Airport two weeks ago. The budget airline out of the United Arab Emirates is operating a daily flight on the…
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Phuket Sky Way cable car will provide tourists with a new view of the island
PHOTOS: Phuket People’s Voice The committee of economy development, bringing together both government and private sectors, has agreed to allow a cable car project on Phuket as the island’s new landmark. It has been revealed that the cable car design is finished and the Environmental Impact Assessment will be commissioned soon. At the moment the working title for the project…
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Central “deeply appalled” by Nazi pics at their Christmas display
UPDATE: The family of one of the people in the photo, has contacted The Thaiger and asked us to remove the photo. We have blurred one of the faces to comply with their wish after a discussion on the matter. “Three French hens, Two turtle doves and a pair of Nazi’s in a Bangkok shopping centre”. A cultural collision, a…
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Keep your phone’s operating system up to date or lose mobile banking, warns Bank of Thailand
The Bank of Thailand says a constant threat from malware and bogus apps requires a robust security response and as a result, phones with outdated operating systems will likely lose full access to online banking. The Nation reports that assistant BOT governor Siritida Panomwon Na Ayudhya says there has been significant growth in the popularity of mobile banking, with approximately…
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Why is Thailand’s PropTech market so valuable…
… and who will come out on top in the battle of the portals and hybrids, 2020 and beyond? How big is the Thailand economy? Is Thailand just for tourism? The explosive growth in the economy has now placed Thailand as the second largest economy in Southeast Asia. With over 70 million people now residing in Thailand, the country boasts one of…
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Thai Airways presents new recovery plan for board approval
Thai Airways president Sumeth Damrongchaitham says the national carrier will submit a 2020-2025 rehabilitation plan to the Board of Directors in January, with a separate purchasing plan for new aircraft also being put forward. The Nation reports that the rehabilitation plan will consist of twenty projects and four key measures. One of these will be to increase the revenue derived…
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Competition amongst discount airlines concerns Thai CAA
PHOTO: Travel Daily (the photo is for display only and does not reflect on the airlines depicted) Thailand’s airlines are strapped for cash, facing serious competition and discounted airfares, and the Thai Civil Aviation Authority is closely watching their safety standards. This from the CAAT director-general Chula Sukmanop. Sukmanop says he’s worried because many airlines, especially budget carriers, are facing…
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Tesco to sell assets in Thailand and Malaysia
Tesco, Britain’s biggest supermarket chain, has announced it may sell off its businesses in Thailand and Malaysia. A statement says that “following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malaysia, including an evaluation of a possible sale of these businesses.” In other words, they want to sell. “The evaluation of strategic…
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Hotel association wants rules on short-term rentals, home sharing
PHOTO: Airbnb and other accommodation-share businesses, plus a glut of newly opened hotels rooms across the country, is putting pressure on the traditional hotel model The Thai Hotels Association has again asked for a meeting with the Minister of the Interior to discuss the impact of short-term rentals and home sharing services like Airbnb on the domestic hotel business. The…
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FULL TIME WRITER – English language
THIS IS A JOB ADVERTISEMENT Are you Mr. or Ms. Write? The Thaiger is currently seeking a full-time writer, in English, to work from our Cherngtalay offices in Phuket. You will have an enthusiasm for writing and a working knowledge of life in Thailand. You may have journalism experience but flair, speed and enthusiasm are much more important. You will…
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Number of foreign companies investing in Thailand up over 100%
Foreign investment in Thailand has grown by 106% according to the National News Bureau of Thailand, with officials rolling out a number of measures to make foreign investment less complicated. The latest increase is despite a fall in the number of foreign companies approved to carry out business in the Kingdom – down 23% from last year. Poonpong Naiyanapakorn, deputy…
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HADO introduces augmented reality e-sports at SHOW DC, Bangkok
It’s the first physical e-sports centre for Thailand and the largest in Southeast Asia. Bangkok’s SHOW DC is adding to its reputation as a state-of-the-art lifestyle and entertainment destination with the introduction of Thailand’s first physical e-sport centre. Originating in Japan, HADO is the world’s first physical, augmented reality technology, and FoodYum Company is introducing the new phenomenon to Thailand at…
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New Bangkok clinic dedicated to fixing surgery gone wrong
PHOTO: PlastyTalk The director of Yanhee Hospital in Bangkok says 50 million baht is being invested to create a centre dedicated to fixing botched surgical procedures. Dr Supot Sumritvanitcha says Yahnee Hospital will be the first facility in Thailand to offer this service. The Nation reports that the need has arisen due to illegal beauty clinics and other underground facilities…
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Strong interest of foreign investors in Phuket’s resorts – JLL report
PHOTO: Dhawa Phuket “In the Asia Pacific, Phuket is one of the three hotel investment markets in the region that have been highlighted.” Buoyed by the rise of experience-driven travel and an affinity toward locally-inspired hotel offerings, resort assets remain a top target among investors. According to JLL Hotels & Hospitality’s Global Resort Report, resort sales accounted for 20% of…
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