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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Nok Air will survive despite bankruptcy: CEO
Thai budget carrier Nok Air is insisting that its business will be able to return to solvency despite filing a business rehabilitation request with the Central Bankruptcy Court, shortly after national flag carrier Thai Airways did the same. Nok Air CEO Wutthiphum Jurangkool said yesterday that the impact of Covid-19 is preventing the airline from flying its 18 international routes,…
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Hotel bookings bounce back for long weekend holiday
The long holiday weekend is reportedly seeing heavy bookings at hotels and resorts, reigniting hopes of a revival of domestic tourism, which has been battered for months by the Covid-19 outbreak. Accommodations in the southern provinces in particular have been receiving a good rate of bookings with holidaymakers for the 4 day extended weekend. The tourism authoritiy of Thailand says…
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Global aviation recovery could take 3 years – Survey
“Widespread recovery of the global airline industry could be up to three years away.” That’s the consensus out of n industry poll conducted as part of FlightPlan: Charting a Course into the Future. 500 professionals around the world were asked questions about the likely recovery of the global aviation industry. Apart from the dire predictions of a slow recovery over the next…
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Tourism sector facing massive closures
Thailand’s tourism sector, long seen as a lifeline for the nation’s battered economy, is in a meltdown; more than 30% of tourism-related businesses have left the market with many more expected to follow, according to the Tourism Council of Thailand. The president of the TCT says the tourism industry predicts further deterioration after 6 months of the Covid-19 crisis, as…
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Thailand tries 2-prong strategy to get perishables to China
Thailand is bypassing supply-chain roadblocks to deliver its perishables – mainly agricultural and food products – to China, its biggest market in Asia. Since Thailand shares no border with China, perishable goods like fruit and vegetables have traditionally been sent from Thai farms and warehouses by truck, going through either Vietnam or Laos. Ships and planes are also used, but…
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Suvarnabhhumi Airport sees huge jump in traffic
Despite a continued and near-total ban on international arrivals, Bangkok’s Suvarnabhumi International Airport is seeing a spike in traffic after the government eased lockdown measures and allowed domestic travel. The airport’s general manager says that from July 1-15, Suvarnabhumi saw 3,205 flights (1,604 incoming and 1,601 outgoing) or an average of 214 per day. “The total number of passengers using…
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The future is now: 5G taking off in Thailand
5G… we’ve all heard aboutit, but what is it, really? 5G literally means fifth-generation wireless technology. As the successor to 4G, the biggest changes include higher speeds, almost zero latency (the delay in transfer of data once an instruction has been given), and the ability to connect more devices at once. However, the benefits of 5G aren’t limited to its…
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Thai Airways unlikely to resume flights in August
Anyone expecting the beleaguered Thai Airways to resume its flight schedule in August should not hold their breath. That’s the word from reliable sources in the industry, who predict the national carrier will not take to the skies again until September at the earliest. A report in TTR Weekly says the airline, currently undergoing a rehabilitation process, has extended its…
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“Travel bubbles” to require minimum 2 week stay
“Travel bubble” tourists who visit Thailand during its soft and timid reopening phase, tentatively scheduled for August, may have to spend 14 days in designated areas. Then, a negative test for Covid-19 after 2 weeks would free them up to go anywhere in the Kingdom. Thailand’s tourism and sports minister says he’s met with PM Prayut Chan-o-cha about creating travel…
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Thai Airasia ponders second Bangkok hub
Despite reports that Air Asia’s future is in doubt, Thai AirAsia says it’s considering making Suvarnabhumi airport its new hub, alongside its already established hub in Don Mueang Airport, to increase revenue and broaden its traveller appeal. The executive chairman of Asia Aviation, the largest shareholder of TAA, says the airline is conducting a feasibility study on the move to…
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AOT considering joint venture with Thai Airways to keep services running
The company that runs 6 of Thailand’s airports says it wants to work with Thai Airways to ensure airport services can continue while the national carrier goes through a “rehabilitation” process and struggles with the loss of business caused by the Covid-19 crisis. Airports of Thailand president Nitinai Sirismatthakarn says the AOT board is in talks about a joint venture…
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UK’s Kew Green Hotels launches 7 properties in Bangkok
Despite a quickly changing business environment for the world hospitality industry, some companies are accelerating expansion plans in anticipation of the eventual recovery. Kew Green Hotels, one of the UK’s leading hotel management companies with over 55 hotels in its portfolio, has now announced plans to expand into the south east Asian market through a joint venture with Siamese Asset.…
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“Come and see” – Ministry invites diplomats to see coconut-picking monkeys in action
The monkeys, and the Thai government, are hitting back at accusations macaque monkeys are being exploited, even abused, and forced to pick coconuts for commercial farmers. Some larger western retailers say they’re going to pull Thai coconut products off their shelves after being lobbied by animal rights activist that the coconuts were picked by abused and over-worked macaque monkeys. The Thai…
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PETA reveals ‘abused’ monkeys used to pick coconuts in Thailand
A boycott is in full swing amongst western retailers to pull Thai coconut products off their shelves following allegations that the coconuts have been picked by monkeys who were ‘abused’ to learn how to pick coconuts. People for the Ethical Treatment of Animals director, Elisa Allen, claims the macaque monkeys are “snatched from the wild” and cruelly trained to climb up…
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Prohibition activist criticises unequal enforcement of Thai alcohol laws
The head of the prohibitionist Alcohol Watch Network is criticising the Office of Alcohol Beverage Control and police for looking the other way after ML Piyapas Bhirombhakdi posted a photo of herself showing off a branded bottle of an alcoholic drink on her Instagram profile (the picture has since been deleted). Piyapas is not only a great-granddaughter of HRH Prince…
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Bangkok’s shopping malls struggle under tourist ban, fierce competition
Suvarnabhumi, the name of Bangkok’s second international airport, means “realm of gold,” and was given by His Majesty the late King Rama IX to Bangkok’s eastern outskirts (technically in Samut Prakhan province), once a marshland called Nong Nguhao (Cobra Swamp). With its overtones of wealth, the name represents the hopes of developers, who are turning the area into a retail…
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Department warns women over surrogate motherhood dangers abroad
A string of arrests in what has been dubbed the “wombs for hire” scandal shocked the nation in February; now Thai Women, tempted to earn money by becoming surrogate mothers, are being warned about the potential health and social implications, especially in countries where there are no surrogacy laws to protect them. The director-general of the Department of Health Service…
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Thai nightlife grapples with “new normal”
Thailand’s nightlife scene is grappling with a ‘new normal’ as changes upon its recent reopening see facemasks joining the normal bikini wear in red-light districts across the Kingdom. After being forced to close for more than 3 months in order to stop the spread of Covid-19, bars, karaoke venues and massage parlours are in the latest category of businesses allowed to…
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Thailand sets new guidelines to govern “medical tourism”
Thailand’s medical community is rolling out a set of guidelines for medical tourism as the country prepares to open its borders to international visitors. According to the director-general of the Department of Health Service Support, yesterday’s first meeting of the medical hub committee resulted in 3 decisions. The first outcome from the meeting set a new policy pertaining to quarantine…
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Phuket’s (in)famous “Soi Bangla” district reopens today
Today is the official reopening of Phuket’s famous (or infamous) “Soi Bangla” nightlife district, but only about 20% of venues say they’re reopening during this early stage. The Centre for Covid-19 Situation Administration announced yesterday that all night entertainment venues may reopen but must strictly adhere to health guidelines set out to prevent the spread of Covid-19. Dr Taweesilp Visanuyothin,…
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