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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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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Online grocery shopping gains popularity in Thailand
Squeezing the avocados and smelling the mangoes, in person, may well become a thing of the past as online grocery buying quickly gathers pace. The intense competition in online grocery sales is expected to surge in 2020. Online Apps like Line, Grab and Lazada are making major inroads into the Thai grocery market valued around 30 billion baht. Pushing the growth…
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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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Crunching the numbers on Phuket’s hotels – 2020
PHOTO: Travel 141 Bill Barnett from c9Hotelworks, crunches the numbers and reports on some challenges for Thailand’s largest island and most popular tourist destination, outside of Bangkok. Robust passenger arrivals in the second half of 2019 highlighted by growth in Indian tourists helped rebalance the island’s tourism sector, according to the C9 Hotelworks newly released Phuket Hotel Market Update (link…
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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 fraud linked to merger friction of the Euro eyewear giants
PHOTO: Global Retail Alliance Latest info on the fraud at a Thai factory making lenses for the multinational eyewear conglomerate, EssilorLuxottica. The newly merged Italian-French manufacturer of ophthalmic lenses, frames and sunglasses says it was the target of a 190 million euro (6.3 billion baht) fraud at a Thai factory as an ongoing power struggle over the 2017 merger of the…
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