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.
To keep up with the most recent business news in Thailand, subscribe to our newsletter and follow us on social media.
-
Sponsored Top 6 reasons you should send your kids to an American-Style summer camp in Thailand
It’s the end of June, and that means kids in Thailand are on a long summer holiday! If you’re looking for a fun yet educational activity for your kids to pass summer break, sending them to iCamp Thailand, the first...
-
Thai Airways to launch one-off flight over sacred Buddhist sites
Thai Airways has announced a special flight on November 30 that will give passengers the opportunity to chant Buddhist mantras while flying over 99 sacred sites in the Kingdom. Wiwat Piyawiroj, executive vice-president at the struggling national carrier, says passengers will fly over Bangkok and 31 provinces, taking in 99 holy sites, over which they will be able to chant…
-
Government to consider rescue packages for tourism businesses in South
The government will hold a mobile Cabinet meeting in Phuket today to consider potential rescue packages for tourism-related businesses that have been ravaged by the closure of international borders. The proposals, which include soft loans for airlines and other businesses, come after PM Prayut Chan-o-cha met with Phuket business representatives and local officials yesterday. The Bangkok Post reports that the…
-
Free Trade Agreement talks continue between Thailand and EU
Thailand is resuming trade talks with the European Union on the long-delayed Thai-EU free trade agreement. The 15th Thai-EU Senior Officials’ conference was held virtually between leading Thai and European trade officials this week. The push was on to have the Free Trade Agreement signed and sealed by the end of this year. Discussions were held regarding the ongoing affects…
-
Approval sought for multi-billion-baht Phuket medical hub
Industry officials are seeking the go-ahead for a project to transform over 140 rai of government land in Phuket into a world-leading medical hub. The project is budgeted at 3 – 4 billion baht, depending on which report you read. Kitkong Tantijaraswarodom, from the Federation of Thai Industries, believes the development of a medical and wellness hub in the sub-district…
-
Foreign investors and businesspeople seek clarity about the current “situation” in Thailand
With Thailand battling to come up with a safe and sustainable manner of re-opening its borders, and the footage of the street protests reaching out to a world audience, foreign investors are saying they need more details of what they can or cannot do in Thailand under the new State of Emergency. The Thai Chamber of Commerce is calling for…
-
Bangkok office rents drop for the first time in 10 years
As the coronavirus pandemic continues to take a toll on Thailand, and the region’s, economy, Bangkok office rents and occupancy rates are expected to drop after consistent growth over the past 10 years, according to Colliers International Thailand. It will be the first contraction in that sector since 2010, according to the property consultancy’s associate director of research and communication,…
-
Thai Airways seeks to conserve finances by offering unpaid leave, early retirement
Thailand’s long-suffering national carrier is trying to conserve what cash it has by offering staff early retirement or unpaid leave. Thai Airways says it’s seeking to reduce its workforce in an attempt to stretch its finances to April 2021. According to a Bangkok Post report, acting president Chansin Treenuchagron says 80% of the airline’s employees have agreed to salary cuts…
-
Mr ‘Phuket Seasted’ is back with his Crypto Cruise Ship
From the man who was chased away from the Phuket offshore ‘Seasted’ by the Royal Thai Navy, along with his Thai girlfriend, the very same Chad Elwartowski is now launching a Crypto Cruise Ship. The company he was representing at the time, Ocean Builders, is again behind the new venture. Just to recap from April last year… “A couple has…
-
Thai Airways to provide flights to some international destinations this month
Thai Airways, the beleaguered national carrier currently undergoing a “rehabilitation” process (code for bankruptcy and restructure proceedings), says it’s laying on a number of special flights to destinations outside the Kingdom this month. Nation Thailand reports that the airline is introducing flights to Hong Kong, Taipei, London, Copenhagen and Stockholm. Executive Vice President Wiwat Piyawiroj says the flights are being…
-
Thai Vietjet introduce new “Deluxe” product for domestic routes in Thailand
Thai Vietjet, which currently operates 13 domestic routes within Thailand, is launching a new “Deluxe” product, starting from 999 baht. The “Deluxe” tickets will include 7 kilos of carry-on and 20 kilos of checked luggage (currently an additional charge), as well as seat selection and priority check-in. Date, route and flight changes are also permitted 1 time, free of charge.…
-
Thailand’s first cancer medicine factory expected to cut drug costs in half
The government just sealed the deal to build Thailand’s first factory to produce cancer-treating medicine and chemicals, a move that is expected to cut treatment drug costs in half. Buying imported cancer-treating drugs is expensive. Thailand spends about 21 billion baht per year on imported cancer medicine, according to Deputy PM and Public Health Minister Anutin Charnvirakul. The local factory is intended…
-
Air Asia seeks to mitigate economic losses with launch of “super app”
Air Asia is introducing a super app, in an attempt to off-set – at least partially – the significant financial losses brought about by the Covid-19 pandemic. The mobile application shuffles Air Asia’s model as a flight and accommodation provider, to a broader platform of complimentary services. The app will offer users a variety of options, including digital payment services,…
-
Struggling airlines to get reprieve through small loans, extension to fuel tax cut
Airlines in Thailand are being offered a financial lifeline, as the Government Savings Bank announces soft loans for carriers left struggling as a result of the current Covid-19 ‘disruption’. Nation Thailand reports that the GSB is offering the loans over a 60 month period, with an annual interest rate of 2%. Chairman Patchara Anuntasilpa says the proposal will shortly be…
-
First airplane food cafe, now Thai Airways opens fried dough stand
Since not much is happening in the air, Thai Airways is running new business schemes on the ground. For their newest venture, the company opened a deep fried dough street food stand. They say the fried dough with taro custard is an “award winning” recipe. Thai Airways has already opened a pop-up restaurant serving “in flight” food to customers seated…
-
Foodpanda joins online grocery delivery movement
Get your latest dinner or snack, or now a delivery from your supermarket. Foodpanda is the latest player to join the online grocery delivery movement as it is now operating under Pandamart. The German-based delivery app is the latest establishment to shift its focus on capitalising from “quick commerce” which sees items being delivered faster than traditional grocery stores. However,…
-
Bangkok expo planned to fill 1 million job vacancies
Thailand has a lot of job opportunities. About a million. The Labour Ministry is hosting an expo to connect job seekers, especially recent university graduates, with companies. For recent graduates, a new government initiative co-payment system will take care of half the salary. Job Expo Thailand 2020 will run from September 26 to 28 at Bangkok International Trade and Exhibition Centre,…
-
Thai Kra Canal – numbers don’t stack up
OPINION The possibility of Thailand being sliced into 2, with a canal running east to west through the middle of the Isthmus of Kra (the Thai section of the Malay Peninsula), is back on the table. There’s a lot of heated response from readers, for and against the plans. Is there an economic model to support the new canal? How…
-
Bangkok airport security staff file lawsuit over pay cuts
“They saw us as security guards and looked down on us since we had little education, they thought they could trick us into signing those papers.” Some security staff at Bangkok’s Suvarnabhumi Airport say they were tricked into pay cuts claiming they were told to sign new contract or they could lose their jobs. 10 staff members filed a lawsuit against ASM…
-
A new CEO for Phuket’s Thanyapura Sports & Health Resort
Thanyapura Sports & Health Resort in Thalang, Phuket, has named Edgar Toral Hernandez as its new CEO, effective from last week. He joined the company back in 2017 as an executive vice president. Before joining Thanyapura he worked in various senior operational roles in the hospitality and healthcare industries across Latin America, Europe and Asia. The appointment was announced by Thanyapura’s…
-
Splitting atoms in the Big Bang – a day in the Big Mango
OPINION by Bill Barnett of c9hotelworks.com Despite the global pandemic, Bangkok’s rapid-fire megacity growth trajectory has remained largely in place. While life in Covid-19 times is a bit like sparring with wild gangs of chaos monkeys in a dead-end ally, thankfully one of the singular guilty pleasures of these strange times is the ability to at least travel domestically. Last…
-
Pattaya businesses say they desperately need foreign tourists to stay open
“If borders stay closed to international tourists for another 6 months, nearly the entire tourism industry in Pattaya could collapse.” Pattaya needs tourists. The city’s famous Walking Street could go under if international tourists aren’t let back in the country, according to the resident business owners. Many shops have already closed, after re-opening in June when the restrictions were lifted,…
-
Thai Airways announces extra repatriation flights for European and Asian cities
The executive vice president of Thai Airways, Wiwat Piyawiroj, says the national carrier is introducing 18 repatriation flights to cities in Asia and Europe. The flights will permit additional foreign nationals in Thailand to return to their home countries, while also allowing repatriating Thais or eligible foreigners to return to the Kingdom on the return flights. The flights are aimed…
-
Thailand’s Health Minister optimistic about admitting business travellers
The Thai Public Health Minister, Anutin Charnvirakul, admits Thailand is caught between a rock and a hard place and can’t go on locking all foreigners out forever, in an effort to prevent a resurgence of the Covid-19 virus. “We will either die of the disease or of hunger, so we have to face the challenge.” He adds that the Kingdom…
-
Evidence of Thai Airways’ corruption, mismanagement, sent to Finance Ministry
The Finance Ministry has received 18 documents that show evidence of corruption and mismanagement at Thai Airways. The evidence was submitted by a Transport Ministry panel on corruption, pending a full investigation into “shady dealings” at the battered national carrier. The airline is currently undergoing a rehabilitation process, having filed for bankruptcy protection earlier this year. It’s understood the former…
-
Facebook responds to proposed media laws in Australia with a threat to ban sharing of news posts
The media wars are heating up in Australia as a battle between Facebook and other tech platforms line up against traditional media providers and the Australian Government. Facebook is now threatening to block both the users and media organisations in Australia sharing news stories, if the Australian government’s plan to demand Facebook, Instagram, Google, etc to pay for content goes ahead.…
-
Bankruptcy court finds Thai Airways sunk by graft and mismanagement
“Thaworn also claims to have evidence of bribes of at least 5%, or about 2.6 billion baht, to politicians, officials and company executives…” Troubled national flag carrier Thai Airways, which has filed for bankruptcy protection and business rehabilitation, was “sunk by mismanagement and graft”, according to a court investigation. Thaworn Senneam of the Democrats revealed that the investigation focused on…
-
TikTok CEO quits amid pressure to sell
Kevin Mayer, the high flying CEO of TikTok, quit today under US pressure for the platform’s Chinese owner Bytedance to sell popular video app, which Washington says is a national security threat. In a letter to employees, Mayer said his decision to leave comes because the “political environment has sharply changed.” Mayer, a former Disney executive, joined TikTok as CEO…
-
GrabFood hungry for more customers
The lockdown boosted food delivery sales, but GrabFood is still hungry for more customers. They’ve launched a major marketing campaign called “Feed Your Hunger” with discounts and deals to get more people ordering food through the mobile application. The campaign goes from now until October 4. They’re offering free delivery service for those in a 3 kilometre radius. Many of…
-
First phase of Phuket tram system to launch in 2026, costing 35 billion baht
The light rail/tram/train project in Phuket is back in the news and is expected to begin carrying passengers in 2026. The Mass Rapid Transit Authority of Thailand says they’re investing approximately 35 billion baht in the first phase. Nation Thailand reports that Phuket deputy governor, Wongsakorn Noonchukhan, has met with MRTA assistant governor, Sarot T Suwan, to discuss the project.…
-
Heavyweight doctors oppose Phuket plan to admit tourists
A number of prominent physicians, some advisors to the Ministry of Public Health and the Centre for Covid-19 Situation Administration, have posted on social media this weekend that they strongly oppose opening Thailand to tourists in any way, shape or form. Their concerns follow the government’s announcement yesterday of its plan to cautiously reopen the southern resort island of Phuket…
Don't forget to check out some other things to do in Thailand - get help starting a business or finding a job in Thailand, buy Thailand property, rent a yacht or book a medical procedure worldwide.