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 9 most common health issues covered by insurance for expats in Thailand
Thailand is a popular destination for expats due to its affordable lifestyle and excellent healthcare system. However, settling in a new country often brings health concerns. To ensure you’re covered for the most common medical needs, understanding what expat health...
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Vending machine industry sees resurgence thanks to pandemic
While Covid-19 resulted in Thailand’s overall economy suffering, a few select industries actually saw some impressive growth. The vending machine business is booming, and with demand rising companies like Sun Vending Technology Plc (SVT) are experiencing renewed popularity. The company reported massive growth this year and is making plans to expand. Senior vice president of SVT Pitsnu Chokwatana explained that…
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American businesses pledge continued investment in Thailand
PM Prayut Chan-o-cha says that he is pleased with the ongoing economic relationship between Thailand and the United States. American businesses have pledged continued investment in the country as they acknowledge the many opportunities in Thailand, despite the setbacks that have been caused by Covid-19. A meeting between PM Prayut and the American Chamber of Commerce in Thailand (Amcham) was…
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Mass lay-offs at Thai AirAsia as aviation sector continues to struggle
Thailand may have re-opened to international travellers, but the aviation sector continues to struggle as a result of the pandemic. Today, the Bangkok Post reports that Thai AirAsia has announced mass redundancies and extended furlough arrangements for many of its staff. Asia Aviation, the largest shareholder in TAA, says the outlook for the aviation sector remains unstable and the company…
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Royal Thai Air Force signs US$143 million contract for US-made aircraft
The Royal Thai Air Force signed a contract on Sunday to buy a new fleet of aircraft. These will come from Textron Aviation Defense, an American aircraft manufacturer that builds planes for the US military. The US$143 million, or about 4.86 billion baht, deal was made on the first day of the Dubai Airshow. The RTAF is set to purchase…
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Air Asia boss: Recovery in 3 months if countries ditch quarantine, testing
The chief executive of the Air Asia Group says the aviation sector could return to normal in about 3 months, if governments ditch quarantine and PCR testing. Tony Fernandes says if countries can re-open without such requirements, demand will rise significantly. According to a Bangkok Post report, Air Asia has sold over 300,000 tickets to Langkawi since the island re-opened.…
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Taiwanese food chains show interest in Thai market
Taiwanese food and dessert chains see potential for growth in Thailand and the Bangkok Post reports that more than 20 different chains from the Asian country are looking into business opportunities in Thailand. This source from the Association of Chain and Franchise Promotion Taiwan, who asked to remain anonymous, told the Bangkok Post how conditions in Thailand are becoming increasingly…
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Tax to promote electric vehicles forecasted
Thailand is hopping on the electric vehicle bandwagon. An anonymous source within the Finance Ministry told the Bangkok Post that the Thai government is mulling over providing tax benefits aimed to encourage electric vehicles. This move is coming in the wake of recent promises by PM Prayut Chan-o-cha to increase Thailand’s focus on tackling climate change. The source told the…
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More cuts at Thai Airways as flagship carrier continues rehab process
The chairman of the Thai Airways rehabilitation plan says the airline is making good progress with cost-cutting exercises. Piyasvasti Amranand says Thailand’s national carrier has managed to recover 44.8 billion baht by cutting its workforce and ending aircraft lease agreements. “Thai Airways’ operational performance has progressed satisfactorily in many aspects, including cost reduction and organisational restructuring.” According to a TTR…
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Thailand aviation sector optimistic following November 1 re-opening
Following Thailand’s re-opening yesterday to vaccinated tourists from 63 approved countries, the aviation sector is feeling positive. According to a TTR Weekly report, Thai carriers are hopeful that the re-opening will mean they can restore their schedules to pre-pandemic levels by the end of this year. The current situation is that Thai Air Asia is operating just 10 of its…
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Crypto Adoption Increase in Asia, Thailand Ranks Among Leaders
It was reported by Chainalysis, one of the largest blockchain data research company that the crypto market has grown drastically in Asia. In just a year, the market saw a growth of 706% increase, representing 14 percent of all crypto transactions around the world. The recent report of the research company indicates that the crypto market of Central and Southern…
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Foreign airlines give up 80% of their slots at Thailand’s airports amid uncertainty of next 5 months
The managing director of Airports of Thailand says international carriers have returned around 80% of their slots at Thailand’s airports. Nitinai Sirisamatthakarn says around 80% of slots between October 31 and March 26 next year have been returned, indicating that airlines are uncertain about any imminent recovery in the aviation sector. Airport slots are the landing and take-off permissions that…
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Thailand’s chicken industry suffering from lack of migrant workers
Thailand, one of the world’s major producers of chicken products, is struggling to keep up with exports. Japanese food companies, one of the major importers of Thai chicken, are feeling the pinch. Like many industries, it’s a labour shortage causing many of the issues. Around the world, supply chains have been severely disrupted by the Covid pandemic and labourers have…
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Facebook, WhatsApp, Instagram are down as the Facebook data centre crashes
Facebook, WhatsApp and Instagram are all down on this Monday evening. Users of Facebook’s suite of social media platforms are all non-responsive as millions of users try to access their accounts. Users on mobile, desktop and tablets are all affected. Issues started around 22:44 Thai Time and are currently impacting users worldwide with the hashtag #facebookdown trending on Twitter. We’re…
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Thai AirAsia operating 20 domestic routes from this month
From this month, Thai AirAsia is resuming a number of domestic routes, as well as introducing new ones. TTR Weekly reports that the low-cost carrier is now operating flights from Bangkok’s Don Mueang Airport to Phitsanulok, Nan, Loei, Sakon Nakhon, Surat Thani, Krabi, and Trang. It will also launch a new route from Chiang Mai to Hua Hin from October…
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Thai Airways to resume flights to countries with high vaccination rates
Thai Airways says it will start selling seats on flights to highly-vaccinated destinations from October 1. The struggling national carrier expects to resume flights to the UK, France, and Germany, as well as Japan and Australia. The Bangkok Post reports that airline bosses made the decision after several destinations reported vaccination rates of around 70%. Airline spokesman, Chai Eamsiri, says…
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Consumer complaints hotline targets rip-off shopkeepers
A nationwide hotline number is now in operation to allow consumers to file complaints against shop owners who overcharge for basic necessities. Nation Thailand reports that the Commerce Ministry has launched the 1569 hotline following complaints of excessive charges for essential goods. Shopkeepers are being warned they face penalties of over 7 years’ imprisonment and/or a fine of 140,000 baht…
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Thai government officials offered special promotional fares on Air Asia
Thai Air Asia has launched a promotional deal targeting government officials, members of the Federation of Thai Industries and the Thai Chamber of Commerce, as well as employees of state enterprises. The perks will also apply to their travel companions. The thinking behind the deal is that government officials were some of the first to be vaccinated and are not…
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Occupancy at alternative quarantine hotels takes a nosedive
Bookings at alternative quarantine hotels have plummeted, with Prin Pathanatham from AQ Club Thailand saying average occupancy is currently around 25 – 30%. It’s believed rumours the quarantine period may be reduced from next month have led to the drop in bookings, coupled with signs that infections may have peaked. And Prin says the resumption of domestic flights from dark…
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Desperate hotel operators look to Bangkok re-opening for signs of hope
Even with plans still up in the air and nothing confirmed, Thai hotel operators are pinning their hopes on Bangkok’s proposed re-opening next month. The president of the Thai Hotels Association says that while hotels don’t expect a huge uptake in bookings immediately, they are hopeful that average occupancy might reach 15 – 20% in the last 3 months of…
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Germany’s finest engineering applied to residential properties in Pattaya
PATTAYA: A few months ago, the German architect Mario Kleff demolished two new villas on Pratumnak Hill, which he is now replacing with a new one. The villa is being built using German engineering quality, with reinforced concrete and long steel girders. Intensive construction work has been underway at the Majestic Residence, Soi 366 Kasetsin, on Pratumnak Hill since…
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Suvarnabhumi’s ranking plummets in World’s Best Airports index
The results of this year’s World’s Best Airports awards are in, and in the last 10 years, Bangkok’s Suvarnabhumi has taken a nosedive from number 13 to 66. The awards, voted for by passengers, are run annually by UK consultancy, Skytrax. This year’s results were decided by an online survey that ran for a 12-month period between August 2020 and…
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Officials say employees are to resume work, compensated accordingly following ease on restrictions
With restrictions easing in “dark red” zones tomorrow, the Department of Labour Protection and Welfare has declared that employees can go back to work with their normal compensation, according to Thai media sources. The department has declared that employers are required to summon all employees back to work and pay them accordingly. If employees are not paid their wages, their…
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Phuket hoteliers looking to winter wonderland to bolster the Sandbox
by Bill Barnett from c9hotelworks.com As the Phuket Sandbox program continues to be the international gateway for overseas travellers to Thailand, island hoteliers are looking at what the winter season could look like. Traditionally a legacy market, many visitors during this period are called ‘snowbirds’ and are from Northern and Eastern Europe. Snowbird travellers are long-stay visitors, with a key…
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Become an investor in The Thaiger
Calling all Thaiger readers, viewers, fans and all – we’re offering a very exciting opportunity to anyone who’s been part of The Thaiger’s journey. With this announcement of our first capital raise, we’re offering you the opportunity to become an official shareholder of The Thaiger and join us on our mission to redefine the news and media landscape in Thailand…
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CP boss outlines 4 ways government could speed up pandemic recovery
One of Thailand’s wealthiest businessmen has outlined 4 ways in which the government could accelerate the country’s Covid-19 recovery. The Bangkok Post reports that Dhanin Chearavanont, senior chairman of the Charoen Pokphand Group, was responding to questions from journalist Suthichai Yoon during a Facebook Live interview yesterday. According to Dhanin, the government must increase relief measures for those affected by…
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OPINION: Why restaurants are so f**ked
Article by Guest Blogger Joelle Parenteau (This article contains some strong language that may offend some people) Covid 19 is about to kill restaurants by the thousands. This pandemic is the ultimate pressure test and restaurants are failing hard. Think about it: when we come out of this, your favourite food spots might not be there any more. Why are…
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Thai Airways selling 10 properties to raise capital
With deepening debt and the Covid-19 pandemic dragging on and flattening the tourism and travel industry, Thai Airways International is looking to sell off some large assets like buildings and properties to stabilise the struggling airline. The airline has been in the throes of bankruptcy and debt rehabilitation for months now after failing to secure a bailout from the government.…
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What is so important about the Sandbox?
OPINION by Bill Barnett from c9hotelworks.com Being on the ground in Phuket over the past sixteen months of the pandemic I have experienced the up’s and downs of pandemic tourism firsthand. Over the past month with the Sandbox program coming into place, we have seen over 13,000 travellers arrive at the Phuket International Airport. “What is so important about the…
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Inside story behind the Thailand property seachange
by Bill Barnett of c9hotelworks.com For Thailand’s real estate market, Covid-19 has brought massive changes in lifestyle and ongoing pandemic fatigue is pushing many domestic buyers to shift property investment preferences in favour of resort or countryside destinations. Whether you call it Plan B, a sea change or an escape plan, one thing for certain is that change is in the…
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Locked in a construction worker camp in Bangkok – Thailand’s hidden Covid tragedy | VIDEO
Friso Poldervaart and Greg Lange, founders of the Bangkok Community Help Foundation, spoke to The Thaiger this week about the critical problems emerging in some of the worker and construction camps. Some 80,000 people – mostly Burmese, Cambodian and Thai workers – have been isolated in these shanty towns, basically imprisoned. They are guarded by Thai police and army. Some…
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