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 travel around Thailand for under US$30 a day
The Thaiger key takeaways Staying in budget hostels or guesthouses and eating street food keeps daily expenses low. Mixing buses, trains, and budget flights allows affordable travel between cities and islands. Free or cheap activities, such as temples, markets, parks,...
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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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Vietjet to launch 4 direct cross-country routes from September
From next month, Vietjet will resume a number of domestic routes between Thai provinces without the need to connect in Bangkok. The carrier is promoting 4 routes for around 389 baht when taxes and other fees are factored in. According to TTR Weekly, the airline has dropped its 1pm – 3pm booking window so passengers now have more time to…
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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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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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Thai AirAsia suspends flights, cuts salaries as financial woes continue
As Thailand’s airlines continue to struggle with the financial fallout from Covid-19, Thai AirAsia has suspended all flights for this month. The carrier is also cutting staff salaries or deferring partial or whole payment until September. According to a Bangkok Post report, the airline’s financial woes are worsening as low passenger numbers show no sign of improving and cash flow…
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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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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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Thailand international boat show coming to Phuket in 2022
Press Release Hit hard by the pandemic, Phuket is set to receive a boost in the new year when the Thailand International Boat Show will be held 6 – 9 of January 2022 at the award-winning Royal Phuket Marina. Targeting those with an interest in boating and luxury lifestyle, organisers also expect to welcome wealthy jet-setters from overseas on the…
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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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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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Open Pattaya’s bars! Business owners protest bans on city bars and clubs | VIDEO
The situation for many of Pattaya’s clubs and bars, the cornerstone of the city’s economy, is dire. One of the most prolific bar owners is Bryan Flowers from Nightwish Group. He wants his staff to remain employed as he sees the city’s economy and workers suffer. He is also asking the media to stop publishing raw stats and numbers each…
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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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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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New online entry packages offered by AXA to welcome in tourists
PRESS RELEASE Tadoo, Thailand’s up-and-coming insurance, and finance comparison platform have announced a partnership with AXA, one of the world’s largest and most trusted insurance providers. One of the highlighted standout products from the new partnership is the Entry package to Thailand during covid-19, comprising of the Covid-19 Insurance Certificate and Covid-19 Travel Insurance. The Entry Package to Thailand is…
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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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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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Thousands of restaurants could close due to Covid restrictions, many others struggling
Thailands newest wave of Covid, as well as the most virulent, and the lockdowns and restrictions because of it, is set to ruin hundreds of restaurants. One restaurant owner, 79 year old Kamol Trisitthichet, who owns Arlek Ratchawongse, spoke to Thai media about his ongoing struggles. He says that his business has lost 500,000 baht since the pandemic started. Further, despite…
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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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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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Thai Airways’ creditors to vote on rehab plan today
Today is D-Day for Thai Airways, with 13,000 creditors voting on whether or not to accept the struggling airline’s rehabilitation plan. According to a Bangkok Post report, a source at the airline has warned that should creditors reject the plan, the carrier will be declared bankrupt and they would only receive 12.9% of what they’re owed. In the event of…
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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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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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