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 How to reduce out-of-pocket medical expenses in Thailand?
Managing medical expenses in Thailand is important as healthcare costs continue to rise. The country’s healthcare system includes both public and private options, but even with the Universal Coverage Scheme (UCS) for citizens, many still face high out-of-pocket medical expenses....
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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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Thailand’s airlines feeling the pinch with no government support
Asia Aviation, the largest shareholder in Thai AirAsia, says the latest partial lockdown threatens TAA’s financial status, with no government aid forthcoming. AA executive chairman Tassapon Bijleveld says the industry has been limping along without any help for over a year now and wants to know how the government expects to collect tax once large businesses collapse. In a Bangkok…
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Starting up your business in Thailand the easy way with True Digital Park
Sponsored Article Looking for guidance in starting a business in Thailand? Look no further than the TDPK Startup Booster Program. This one-of-a-kind startup package is tailor-made to help you kick start your business journey in SE Asia. Not yet in Thailand? Don’t worry as you don’t even need to be in the country to take advantage of this program. Wherever…
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Machinist in Nonthaburi arrested for allegedly making, selling guns
Today, a factory machinist in Nonthaburi, a province north of Bangkok, was arrested for allegedly, illegally making, modifying, and selling guns out of a worker’s dormitory. Prajak Phoonphian, a 39 year old factory machinist was arrested early this morning after CSD police, acting on a warrant searched his dormitory at a lathe plant in the Pak Kret district in Nonthaburi.…
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Calls for factories to be moved out of residential areas after blaze at plastics plant
The Federation of Thai Industries is calling on the government to move factories away from residential neighbourhoods, following the devastating blaze in Samut Prakan, outside Bangkok. According to a Bangkok Post report, FTI chairman Supant Mongkolsuthree suggests factory owners could be given incentives to relocate, such as a reduction in corporate income tax and land tax. “Factory relocation requires support…
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Take a trip through Thailand with Sixt Rent a Car
Sponsored article Searching for a car rental service in Thailand? Look no further than Sixt Rent a Car. Founded in 1912 in Germany with just 3 vehicles, Sixt has since evolved to become an industry leader in mobility. Today, they are the top car rental company in Thailand, Germany, and Austria (and more), due to their strength in customer focus…
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Bangkok sex workers and bar staff call for monthly cash handouts
High heels were lined up on the ground and underwear was tied to a gate outside the Government House in Bangkok this morning as the city’s sex workers and other bar and nightlife staff called for monthly cash handouts. Covid-19 restrictions shut down bars and nightclubs, leaving many out of work for months. Only a group of around 20 gathered,…
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KLM to increase flights to Middle-East, Asia as border restrictions ease
The Dutch carrier KLM plans to increase its flights to Asian and Middle-Eastern destinations as countries plan for a re-opening of their borders. According to TTR Weekly, the airline’s summer network is almost the same as in 2019, but with a reduction in the number of flights on offer as a result of the pandemic. The airline plans to introduce…
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Pattaya bars plead for government help
Beer sellers of Pattaya are pleading with the government to let them open for foreign tourists. Also, to relax closure measures that apply to the entertainment businesses. Barring that, they ask for significant financial aid. The proprietors of beer-related businesses say they are suffering greatly due to the economic crisis. As per their statements to the associated press this week.…
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Large orange juice order leads to large “fine”
5 officials from the Excise Department are currently under investigation for allegedly asking for a 12,000 baht “fine” from a shop proprietor who had filled a substantial order for orange juice. The officials had been working in Bangkok at the time of their orange juice related fine giving. The 5 Excise officials have since been transferred to a different office…
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Thai amulets come to blockchain, blessed by grandmaster of spells and charms
Thailand is introducing Thai amulets on the blockchain. Crypto Amulets are selling Amulet non-fungible tokens (i.e., NFTs). However, unlike other NFTS, this crypto has been blessed by a grand master monk of spells and charms. The monk is LP Heng and the company’s website that sells Crypto Amulets touts the monk for his mystical powers. The company, Crypto Amulets, praises…
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Tourism program adds a plus
This weekend, the Phuket government announced a program whereby businesses can now flout their relative vaccinated status to customers with a certificate with a literal plus. The Amazing Thailand SHA Plus certification is reached via an online registration from the Amazing Thailand Safety and Health Administration aka SHA. The government has urged all businesses and venues that are 70% inoculated…
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Thailand’s quarantine hotels consider move to hybrid model
Hotels currently operating as alternative state quarantine facilities are considering moving to a hybrid model, as bookings drop ahead of Phuket’s re-opening. ASQ hotels say reduced demand means they may adopt a model whereby they accept both quarantining guests and regular guests from the second half of the year. Prin Pathanatham from the ASQ-ALQ Club Thailand says bookings have started…
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Another 700 7-Eleven stores to open across Thailand
The operator of the 7-Eleven chain of convenience stores has confirmed it will open another 700 shops in the Kingdom this year. According to a Bangkok Post report this morning, CP All plans to spend between 11.5 and 12 billion baht on expansion in 2021. The company has opened 155 new 7-Eleven stores so far this year, meaning there were…
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Thai Brewers Association asks for reprieve from alcohol ban
Yesterday, the Thai Brewers Association delivered a petition to the CCSA and the Bangkok Metropolitan Administration asking them to reverse the ban of alcohol sales in restaurants, bars as the ban has been harmful to their businesses and they have not been given any other options. The statement reads: The Thai Brewers Association truly understands the goodwill and purpose of…
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Thai Airways introducing limited direct flights between Europe and Phuket
Thai Airways is testing the waters (so to speak) by introducing a limited number of direct flights from Europe to Phuket, ahead of the southern island’s July 1 re-opening. The national carrier, currently in the throes of restructuring after teetering on the brink of bankruptcy, has started selling direct flights from 4 European cities to Phuket. According to a Bangkok…
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No government bailout for Thai Airways
A final meeting for a vote on the Thai Airways debt restructure program is set for this Wednesday after being postponed last week. Meanwhile, a source close to those managing Thai Airways’ debt rehab plan, says the state is not obliged to provide a bailout for the national carrier. The Bangkok Post reports that Chansin Treenuchagron, acting president for Thai…
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Thailand’s airlines call for meeting with PM to discuss soft loans
The Thai Airlines Association says 7 member airlines are pushing for a meeting with PM Prayut Chan-o-cha to discuss the option of soft loans. The carriers have been seeking this financial aid for some time and have even decreased the amount being asked for, from 24 billion baht last year to 14 billion now. The Bangkok Post reports that representatives…
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Thai Airways debt restructuring vote pushed back to next week
The vote on Thai Airways International’s debt restructuring plan has been postponed and rescheduled for next week. The national airline needs the plan to be approved by more than 50% of creditors to move forward with the bankruptcy proceedings. The airline’s total liabilities stack up more than 300 billion baht. With flight suspensions over the past year brought on by…
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Government will not re-capitalise struggling Thai Airways
The State Enterprise Policy Office says the government will not back a billion-baht cash injection for Thai Airways. The national airline is currently been dragged through bankruptcy proceedings. Pantip Sripimol from the SEPO says the Thai Finance Ministry will not re-capitalise the carrier, although it remains its largest shareholder. The Bangkok Post reports that there are concerns Thai Airways could…
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Thailand jumps on the electric bandwagon, aims to become EV production hub
The Thai government has ambitious plans to turn the Kingdom into a Southeast Asian hub for the manufacture of electric vehicles. Nikkei Asia reports that big companies in Thailand are preparing to invest substantially in the greener mode of transport, after the National Electric Vehicle Policy Committee suggested a new manufacturing target could mean half of Thailand’s auto-production is made…
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Pfizer sees 45% increase in net income and revenue, as critics point to disparity in global vaccine availability
After seeing a 45% increase in net income from last year, Pfizer, the pharmaceutical giant, is largely increasing its projected profits for this year. And, the increase is undoubtedly due to the high amount of Covid-19 vaccine sales, in which the company says is shaping up to provide a “durable” revenue stream. The company says this year’s first quarter profits…
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What will be the most expensive real estate on MONOPOLY: Phuket Edition?
Phromthep Cape… Phuket Old Town… Patong Beach… These are just a few of the landmarks in Phuket that have now been short-listed since it was announced that Phuket will be getting its own edition of MONOPOLY. The top squares of the the locally-themed game board will soon be handed over to Phuket’s most prominent places. With so much around Phuket…
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Medical, business sectors blame government over Covid-19
Corporations are losing faith in Thailand’s political leaders as many in the medical, financial and business sector are placing the blame on the Prayut government for the current Covid-19 situation. They claim that corruption and cronyism is hindering and dampening a more decisive and productive course of action. The Chamber of Commerce has already offered logistical support to expedite vaccinations…
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More closures in Bangkok, in force now
It’s not a formal lockdown, but it may as well be, with newly announced closures from the Bangkok Metropolitan Authority. From Monday, April 26, a lot more services, public spaces and businesses around Bangkok are now closed. Additionally events will be limited to just 20 people, down from the former limitation of 50 people. Face mask-wearing will be enforced with…
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Thai PM under pressure to go “full lockdown” as infections surge
With many more businesses being told to pull down their shutters in Bangkok from midnight tonight, there are now calls to just go the next step and impose a full lockdown as the infection numbers keep mounting up. With the additional 31 types of business closed, on top of the current restrictions in Bangkok, the BMA has all but imposed…
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Shopping centres, supermarkets and convenience stores to close an hour earlier in Red Zones
With the rising reported cases in Thailand, The Thai Retailers Association and Thai Shopping Centre Association has adjusted closing times for shopping centres, supermarkets and your local convenience stores. The situation applies for red zone provinces only at this stage. The new closing times will operate until at least May 2. • Shopping centres will close at 8pm • Supermarkets…
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Bitcoin sheds nearly 15% of its ‘value’ in one day
After a meteoric, and probably unsustainable rise and rise over the past 12 months, Bitcoin has suffered a short and sharp mini-crash over the weekend, dropping nearly 15% of its value in less than an hour – a stark warning of the cryptocurrency’s unpredictable volatility. Bitcoin dropped in ‘value’ from about US$59,000 to US$51,000 before rebounding. Ethereum and Dogecoin also…
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The Thaiger joins forces with Masii to bring you hassle-free Thailand re-entry packages and much more
PRESS RELEASE The Thiager and its sister company Tadoo, have announced they will enter a strategic partnership with the Bangkok-based fintech company, Masii. Having joined forces with Masii, The Thaiger aims to provide its 6 million-plus monthly users with exclusive deals and packages such as the Thailand re-entry package, comprising of the Certificate of Entry (COE), Covid-19 Travel Insurance and…
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