Business News
Stay abreast of the ever-changing Business News in Thailand through our comprehensive coverage of local and international business events, market trends, and economic updates. We provide reliable analysis, in-depth features, and expert insights on the most relevant business stories, including issues affecting Thailand’s stock market, foreign investment, and entrepreneurship. Track the business world’s pulse as we inform you of crucial developments shaping Thailand’s economic landscape.
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Infinito helps hotels in Thailand with revenue management
Maximising revenue and profit–isn’t that the ultimate goal for every business in the hospitality industry? If you run a hotel, you might have heard that revenue management is an effective way to boost your top-line revenue. It involves using data...
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Why Investors Spend Millions on Virtual Real Estate
Designer furniture, floor-to-ceiling windows, sun terrace, infinity pool – a few weeks ago, the Mars House luxury estate was sold for more than half a million US dollars. A bargain, one might think, given the rising prices on the real estate market. But the house does not exist physically, but purely digitally. You can only walk through it in augmented…
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Labour Minister says government considering increasing minimum wage to 492 baht
Thailand’s Labour Minister says the government is considering increasing the daily minimum wage to 492 baht. Suchart Chomklin was addressing the Anti-Fake News Centre in an attempt to clarify rumours circulating on social media, according to a Nation Thailand report. “The ministry has discussed the raise with representatives of workers’ unions and businesses based on the rate submitted by the…
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Nightlife venues in “blue zones” want permission to re-open from June 1
Thailand’s nightlife venues are demanding to be allowed re-open for business in “blue zone” tourism areas from June 1. According to a Bangkok Post report, the proposal is one of several being submitted to PM Prayut Chan-o-cha today. Sa-nga Ruangwatthanakul from the association of Khao San Road business operators says the proposals are being put forward by over 10 associations…
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Strict Covid-19 rules make companies in China think about moving investments
Now that 43 cities in China are under either full or partial lockdown, more and more European companies in the country are seeking to move their investments. The European Chamber of Commerce in China announced today that nearly a quarter of respondents on a survey were considering moving current or planned investments out of China. 92% of the respondents say…
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More than 2,000 locals queue up to claim Covid-19 insurance after companies go broke
More than 2,000 Thais queued up at Suan Lum Night Bazaar Ratchdapisek in Bangkok to claim money from their Covid-19 insurance. Thais use the phrase “Found-Paid-Done” for the collection of insurance monies owed to them. The office of the Thai Insurance Commission is adjacent to the Suan Lum Night Bazaar. Some people had slept in front of the building for…
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Does Thailand need casinos? Study to be submitted next month
In May, a committee of Thailand’s cabinet members and politicians will submit a study on the feasibility of bringing casinos, and casino resorts to Thailand, to the country’s House of Representatives. The first resort would likely be in Bangkok, however the committee is discussing opening more in other tourist destinations after that. Rumours have yet to be confirmed that Las…
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Economic aftershocks of Russia’s invasion on Thailand’s economy
Nearly two months after Russian President Vladimir Putin decided to invade Ukraine, countries across Asia are bracing themselves for rising inflation and supply chain disruptions, following increasing sanctions on the Russian state. According to experts, the most affected country in Asia is Thailand, where commodity trading with its European counterpart has become almost impossible. Different types of commodities traded and…
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6 Reasons Why Expats in Thailand Need a VPN
White-sand beaches, warm sunshine, and delicious food. Living in an exotic country like Thailand can help you achieve the lifestyle you always wanted. Nevertheless, as an expat (a person who lives and works in a foreign country), you have to be aware of the cyber threats you may face. Phishing emails, data breaches, compromised passwords – there are only a…
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Bangkok instant noodle shop draws thousands of teens
A Bangkok instant noodle shop that opened in October last year has drawn thousands of teenagers since its opening. The shop, called Good Noodle, is stocked with noodles from Indonesia, South Korea, China, Taiwan and Hong Kong. Good Noodle doesn’t just sell noodles, though. It also allows customers to to prepare their meals and eat there, even though the noodles…
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Burger chain closes its doors in Thailand, for good
Carl’s Jr. is planning to close all 6 of their locations in Thailand by the end of March. The local owners of the burger chain, R&R Restaurant Group, says they are no longer able to carry the losses and costs of operating the fast food chain. The chain first opened in Thailand in 2012 with its first store in Pattaya in…
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Fast-food chain A&W to close all branches in Thailand following huge Covid losses
The American fast-food giant A&W looks set to close all 26 branches in Thailand as the economic fallout of Covid-19 takes its toll. According to a Nation Thailand report, Global Consumer Plc, which owns the Thai franchise, is seeking board approval to close all branches in the kingdom. Global Consumer’s annual report shows that last year alone, A&W outlets in…
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Mario Kleff designed the longest steel box girder used in residential construction in Thailand
It was early March 2022 in Pattaya when the delivery of 50 tons worth of custom fabricated steel, in the form of box girders and cellular beams arrived at the Majestic Residence construction site, Khao Phra Tamnak. The architect Mario Kleff and his construction company Wandeegroup Asia Co Ltd continue to set new standards in residential construction in Pattaya and…
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MP questions submarine purchase from China, says it will be delivered without an engine
A MP from the Pheu Thai Party claims that the submarine that the government recently brought from China will be delivered without an engine after issues with a German supplier. The MP, and also Pheu Thai party leader, Yuttapong Charasathien, is criticising the 12.42 billion baht submarine purchase from a Chinese firm, saying the “deal lacked transparency”. Yuttapong says the…
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Overpriced mangosteens in Phuket go viral on Tiktok – how much per kilo!?
A Thai TikToker has shared a video of a street vendor in Phuket selling mangosteens at the rather steep price of 500 baht per kilogram, considered too expensive for Thai people (or anyone for that matter). The Tiktoker said she didn’t mean to offend the seller by claiming that the price was ridiculously high, but merely sought out other people’s…
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Global Electric Vehicle sales up 109% last year
In new research on the global electric vehicle market, Canalys estimates that 6.5 million electric vehicles (EVs) were sold worldwide in 2021, up 109% on 2020. EVs include fully electric and plug-in hybrid passenger cars. The total global car market grew just 4% in 2021 as it continued to struggle with Covid-19 restrictions and chip shortages. EV sales represented 9%…
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The tale of two Covids – the world diverges
OPINION There are two Covid conversations going on at the same time, depending where you live in the world. In one Covid universe, countries are lowering restrictions, reopening borders, letting their citizens walk around with out face masks and, generally, get on with things. In the parallel Covid universe, countries are gingerly re-opening their borders but still with restrictions, expensive…
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Employees laid off in insurance firm collapse demand overdue payments
Former employees from an insurance firm bankrupted by Covid-19 have rallied outside the Office of the Insurance Commission, demanding overdue salaries and severance monies be paid. Around 300 employees of The One Insurance were made redundant when the firm collapsed, but have yet to receive payments and other compensation owed to them. According to a Thai PBS World report, one…
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17 Best Marketing and Advertising Agencies in Thailand
Sponsored Article Thailand shines as a prime business destination in Asia, excelling in e-commerce, digital transformation, and internet adoption. Its allure for international business expansion is undeniable. However, venturing into this market comes with challenges. To compete effectively, businesses must grasp Thai consumer behaviour, cultural dynamics, and prevailing marketing trends. Thai consumers have embraced digital platforms, dedicating more time to…
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Pork price crisis ups demand for poultry, chicken added to price control list
Thailand’s pork price crisis is causing an increased demand for chicken, leading poultry and egg prices to surge. The Ministry of Commerce has now added chickens and chicken meat to their price control list. The ministry now mandates that chicken raisers with over 100,000 chickens, and slaughterhouses with the capacity for over 4,000 chickens a day, disclose their quantity, stocks,…
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Top 11 Best Influencer Marketing Agencies in Thailand
Sponsored Article The marketing landscape is shifting as digital transformation accelerates during the pandemic. Influencer marketing has become increasingly popular, especially in Thailand. In 2023, $53.53 million was spent on influencer advertising efforts in Thailand. Choosing the right influencer and content strategy is vital for successful influencer marketing campaigns. Thailand offers various influencer categories, with Fashion & Beauty, Arts &…
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69 provinces now “orange” zones with ban on alcohol sales at restaurants
Restrictions are tightening in a number of Thai provinces. Thailand’s Covid-19 task force revised its colour-coded zoning based on local infection rates and decided to classify 69 of Thailand’s 77 provinces as “orange” zones under tight control to curb the spread of Covid-19. The new zoning goes into effect on Sunday. The other provinces will remain classified as “blue” zone provinces,…
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Massive LED billboard cluster causes sleepless nights in Thong Lor
Sleepless in Sukhumvit. A massive clump of LED billboards in Bangkok’s Thong Lor district has been such a nuisance to residents across the street, with many complaining they’re losing sleep, that an official complaint filed with local police and the district office could succeed in its removal. Thong Lor is known for its nightlife, with numerous clubs, pubs, restaurants –…
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UPDATE: Huge soapy massage ‘club’ in Bangkok bought within 24 hours of being up for sale
FOR SALE: One Soapy Massage Complex in Bangkok Just what you need to diversify your property portfolio. Your very own gentleman’s club, complete with soap and bubbles. It’s not everyday that a large soapy massage venue gets listed publicly in Thailand. The owner of the 5 storey venue in Bangkok has put his venue and business up for sale for…
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The Benefits of Having Comprehensive Car Insurance
The Thaiger presents the following deal on car insurance. Comprehensive car insurance has a number of benefits, the most important of which is that it protects you financially. If you don’t have insurance, you’ll have to pay for the losses yourself and deal with the aftermath on your own. If you’ve ever been in an accident, you’ll know how time-consuming…
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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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