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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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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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’ 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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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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Sriracha Tiger Zoo in Chon Buri closes its doors forever
One of Thailand’s most popular and visited Tiger zoos has announced that it’s closing its doors, permanently. Sriracha Tiger Zoo, a Chon Buri tourist magnet, located in Nong Kham, was in operation for 24 years. Wasan Temsiriphong, the MD of the Sriracha Tiger Zoo operation said that they will meet with employees on Monday to discuss termination payments and the…
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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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