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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Opportunities for 2020 export growth in Thailand
Despite the whirlwind of shutdowns, lockdowns and craziness descending on Thailand at the moment, the departments are still churning out numbers and trying to forecast the way ahead. They say that, due to the Thai baht weakening and massive government interventions around the world for both monetary and fiscal policies, there is still a chance that Thailand could reduce the…
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Cabinet will look at proposal to help with home internet
Cabinet today will look at a proposal to help people working from home with 10 Gb free internet for their smartphones, along with other subsidies. The Thai National Broadcasting and Telecommunications Commission will ask for cabinet approval providing mobile users with 10 free gigabytes of data usage per subscriber, per month up to June 30. The NBTS say they recognise…
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Airports of Thailand approves Don Mueang expansion
Yesterday, the Airports of Thailand (AoT) board gave tacit approval of a master plan for the third-phase development of Don Mueang International airport costing an estimated of 39 billion baht. The expansion arrangements includes, increase of the airport’s capacity to 40 million passengers a year (currently 30 million a year), a 3.4 kilometre automated people mover system (APM), new car…
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Home alone. Phuket hotels hit a speed bump.
by Bill Barnett of c9hotelworks.com In the latest news, Singapore’s move to impose a stay-home policy or self-isolation for travellers within ASEAN, has hit the industry hard. Here in Phuket, hotels are winding down their traditional snowbird European business which for the most part was booked well in advance. Rates have somewhat held during this time. One key barometer of…
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Amazon cafe suspends ‘bring your own cup’ campaign
Thai coffee shop chain ‘Amazon’ announced today the suspension of their promotional campaign called “Café Amazon for Earth” which was aiming to reduce plastic waste by allowing customers to bring their personal cup when buying a beverage and receive a discount of 5 baht. The company says the decision to end the promotion was made to increase customers’ awareness to…
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Thai stock exchange pulls 30 minute circuit breaker
The Stock Exchange of Thailand (SET) had pulled a 30 minute “circuit breaker” to suspend trade between 9:59 and 10:29am leading to a fall at 11am, when the SET fell by 78.95 points, or 7.08%, to 1,035.96. Foreign investors made net sales of 1.929 billion baht in the stock market and 13.646 billion in the bond market. Most global stock…
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Thai Airways president and Suvarnabhumi chief resign
Two of Thailand’s most prominent aviation bosses have thrown in the towel, citing the Thai government’s bungling of the Covid-19 coronavirus situation. Both resignations happened yesterday. The president of Thai Airways, Sumeth Damrongchaitham, resigned yesterday afternoon. That corporate bombshell was closely followed by the resignation of the director of Suvarnabhumi International Airport, Sutheerawat Suwannawat. At this stage the Thai government…
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Gold mining company found guilty for avoiding environmental report
Former director-general of the Department of Primary Industries and Mines Somkiat Phuthongchaiyarit, has been found guilty of colluding with five other parties for trying to avoid the mandatory environmental impact assessment (EIA). Secretary-general Worawit Sukboon of The National Anti-Corruption Commission (NACC) says… “All 6 members had a hand in the unlawful approval of a request by Akara Mining Company (or…
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Thai Airways announces losses over 12 billion baht for 2019
Thai Airways International and its affiliates incurred a net loss of 12.017 billion baht last year, that’s 448 million baht more than the year before. The airline has been accumulating losses year on year for over a decade. Speaking about the losses at the announcement yesterday, the vice president of finance and accounting Nattaphong Smit-Ampaisal says that the airline was…
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