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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Lights, camera, Covid – Tourism Ministry wants film crews to come to Thailand now
Without much luck with their ‘cunning ideas’ to draw back a few of the remaining world’s travellers, Thailand’s tourism officials are turning to the film industry to attract some people and investment. The Tourism and Sports Ministry is aiming to generate around 3 billion baht from foreign film crews and is targeting film projects with an investment over 100 million baht.…
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UPDATE: Thailand Covid zones and your restrictions
Which of the five coloured zones are you living in? A green zone? Red zone? Pale red zone? hat’s the difference and what’s open and what’s not? If you’re not in Samut Sakhon, the coastal province just south west of Bangkok, then some of the restrictions imposed by the CCSA have recently been lifted. Here’s a quick look at what’s…
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Pattaya Beach, fly over the pristine but horrifyingly empty beaches | VIDEO
The Thailand Discovery YouTube channel has captured an empty Pattaya beach front for the first month of 2021. The first month of any year would usually be one of the busiest months of the year and the beaches should be heaving with tourists in the post Christmas/New Year break and the lead up to the Chinese New Year travel burst.…
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Re-openings and easing of restrictions in Chon Buri, effective Monday, February 1
Re-open for business, sort of. Chon Buri province’s PR department has released its latest list of orders which will come into force on Monday. It follows the CCSA changing the Chon Buri provinces Red Zone classification into an Orange Zone. More about the latest provincial zones and restrictions HERE. The hard-hit bar and entertainment scene in Pattaya will be breathing…
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Taxis and tuk tuks ask Thai government for help
Unions of Thai Taxi workers and Thai automobile drivers have handed over an official request to a government labour committee to file a request to the government seeking financial support. Thai Taxi workers passed over their requests to Suthep Yoo-on, the chairman of the Labour Committee officially seeking industry support. Just about all sectors of the country’s transport infrastructure have…
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Scrub away Pattaya’s restrictions with a Walking Street wash-a-thon
Without much other good news on the horizon, Pattaya officials have celebrated almost two weeks of no new Covid-19 infections with a celebratory ‘wash down’ of Walking Street. The ritual ‘wetting’, in the Songkran tradition, was seen as a new beginning, washing away the bad spirits and the bad times that had fallen on the once-busy red light district. Sonthaya…
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Phuket eases restrictions, bars back to late-night hours
Things are getting back to normal in Phuket. The provincial government eased disease control restrictions, allowing restaurants, bars and entertainment venues to go back to their normal operating hours – no more midnight closure order – and lifting the late-night alcohol ban. While bars can now stay open late and serve alcohol after midnight, dancing is prohibited and venues cannot…
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Massage workers in Pattaya call for reopening of spas and massages shops
A group of about 50 workers from Pattaya massage shops and spas gathered together to call for the reopening of their businesses after being closed for the past month due to Covid-19 restrictions. The group called themselves the “Pattaya Health Massage” presented a letter signed by 60 massage shops, spas and gyms to Bang Lamung District Sheriff this morning. Chon…
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Chatuchak market is in worst crisis in 5 decades due to Covid-19, vendors say
Chatuchak Weekend Market, Bangkok’s biggest market and a popular tourist destination, is hit hard by the new wave of Covid-19. With the lack of foreign tourists due to travel restrictions over the past year, as well as more locals staying at home despite the market’s strict disease control measures, the number of visitors at the market has dropped by 90%.…
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Eating out until 11pm in Bangkok is waiting for approval
Bangkok restaurants may soon be allowed to stay open a little later. Health officials are considering easing up Covid-19 prevention measures by extending restaurant dine-in closing times to 11pm. If the proposal by the Thai Restaurant Association is given a green light, it may lead to the lifting ban of alcohol drinking. After the order of shutting entertainment venues and…
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34.7% of Thai tourist businesses closed down
“When the tourists start coming back it will be a very different holiday experience for them. Will it ever get back to the numbers before Covid? Never.” A Tourism Authority of Thailand survey, conducted between January 10 – 12, indicates that more than a third of the country’s tourism-related businesses has already shut up shop and gone out of business.…
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Government is to allow people to use “legal” parts of cannabis in business
With intentions to promote cannabis as the country’s potential new cash crop, the government is preparing guideline to allow people to produce, sell or own cannabis and hemp. The permitted businesses, including textile, pharmaceutical, and cosmetics will be able to register to receive FDA permissions from January 29. According to the FDA secretary-general, leaves, stalks, stems, roots, flowers, and seeds…
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US jobs market stumbles back into decline
The labour market for the world’s largest economy is heading back into reverse mode after slowly chugging back into gear over the past 8 months, following the March stock crash and initial impacts of the US state lockdown measures.. The December report was the first drop since April figures, providing the strongest evidence of the impact of the huge number…
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Covid-19 could cost an estimated 9 billion baht loss to the economy – Thai alcohol association
An alcohol business association is saying the latest round of restrictions and closures on pubs and bars could cost the industry and businesses 9 billion baht. The Thai Alcohol Beverage Business Association is railing against the Thai government’s policies as they restrict the operations and operating hours of tens of thousands of bars, pubs and clubs around the country. They…
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Thai Air Asia says new Covid outbreak has destroyed business
The executive chairman of Asia Aviation, the largest shareholder in Thai Air Asia, says the Covid-19 resurgence has “destroyed the low-cost carrier”. Tassapon Bijleveld says that, even without a national lockdown, bookings have plummeted. “Travel sentiment has plunged lower than last year. This is different this time because people are voluntarily skipping their travel plans even without a nationwide lockdown…
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Thai Airways delays take off in 2021 | VIDEO
Due to the current outbreak of Covid-19, Thai Airways, Thailand’s flagship airline, is reducing its international flight schedule until at least March 27. A limited schedule of domestic flights are still operating as normal under the airline’s domestic carrier Thai Smile. Thai Airways will reduce international flights to the following destinations: Asia •Hong Kong: One daily return flight – TG638/TG639…
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Thai Restaurant Association asks PM not to restrict in-dining services
As the 4 day New Year long weekend comes to a close, there are a number of proposed restrictions looming as the CCSA battles to contain the latest outbreaks of cases, particularly in and around Bangkok and the nearby easter provinces. There is currently a proposal to restrict Bangkok’s restaurants to take away services only, as well as full travel…
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What’s closed in Bangkok? Decision on restaurants today.
Here’s the full list of closures from the BMA that went into effect at midnight last night in the city of Bangkok. The Bangkok Metropolitan Organisation has closed “high risk’ venues around Bangkok.(Pattaya/Banglamung list of restrictions and closures below) Entertainment venues, water parks, amusement parks, playgrounds, floating markets, flea markets, snooker and billiards clubs, arcade game premises, games shops, Internet…
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