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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Arrival ban to end on July 1… some foreigners will be allowed in
“Dr. Taweesilp says about 50,000 foreigners are expected to visit the country under the new rules.” Thailand will begin allowing foreigners to enter the country from July 1, easing the months-long arrival ban. But foreign tourists will still be banned. Dr Taweesilp Visanuyothin, spokesperson of the government’s Centre for Covid-19 Situation Administration, says that the first group will comprise businessmen…
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Massage parlours will be allowed to reopen, must track and report customers to government
Post-Covid nightlife in Thailand is likely to be a bit duller than before, but at least “soapie massage” is back on the menu. The Centre for Covid-19 Situation Administration announced today that massage parlours of every description will be allowed to reopen along with bars, pubs and other venues in the next phase of easing restrictions. But, there will be…
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Grab teams up with farmers for fresh fruit delivery service
Local produce farmers and merchants are getting some help distributing fresh fruits from Grab Thailand. The company already has a smart phone application for ride-sharing and food delivery. Now fresh produce will be delivered through GrabMart’s Farmers’ Market feature. At the moment, the fresh fruit delivery is only available in Bangkok with distribution centres at the Or Tor Kor Market…
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PM urges Thai industry representatives to adjust to “new normal”
PM Prayut Chan-o-cha is urging Thai business representatives to accept and adapt to the new way of doing things in the aftermath of the Covid-19 crisis. He was speaking during a meeting with the Federation of Thai Industries, where he called for the private and civil sectors to work with the government to get the economy going again. In talks…
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Bangkok’s revamped Khaosan Road may reopen in August, without international tourists
Bangkok’s Khaosan Road, for decades a pilgrimage for backpackers from all over the world, looks set to reopen in August. A well-loved tourist mecca for browsing, eating and night life, the thoroughfare has undergone a revamp during lock-down, and now boasts a new road surface, traffic barriers and newly-planted trees. Similar work is planned for the city’s Kraisi, Rambuttri and…
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Thai Airways staff balk at cuts in perks and benefits
The Labour Ministry will invite the management of Thai Airways International for talks over a complaint submitted on Friday to the ministry by the airline’s labour union over unreasonable cuts in work benefits, especially healthcare welfare. Nares Puengyaem, the president of Thai Airway’s labour union, together with two representatives of State Enterprises Workers’ Relations Confederation , yesterday submitted to…
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Government considering unlocking music venues, meetings today
Thailand’s often flamboyant and occasionally controversial Public Health Minister and Deputy PM, Anutin Charnvirakul, spoke to reporters this morning after significant recent media coverage of the estimated 100,000 musicians still out of work due to the continued closure of the entertainment and nightlife industry. Anutin says he himself was once a musician (yeah, we can see that…) and he “feels for…
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CAAC chief: International flights unlikely before September
Dashing hopes that international arrivals (code for ‘tourist flights’) could resume on July 1, Thailand’s senior civilian aviation regulator says that they’re are likely to resume as late as September. The Civil Aviation Authority of Thailand’s director says none of the airlines he’s met expressed any interest in resuming international flights next month, when the order shutting down the country’s…
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Poll shows flea markets, supermarkets, most popular with Thais as lockdown easing continues
“46% of Thais want the Songkran holidays moved to the (western) New Year period.” A new poll shows that most Thais are anxious to return to markets and supermarkets first, as the country continues to relax the restrictions imposed during the Covid-19 crisis. A report in Nation Thailand says over 83% of those surveyed are prioritising markets, flea markets and supermarkets,…
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Up to 1,000 foreigners per day with smart phone tracking – plan to open Thailand up to foreigners
If approved by authorities, foreigners from low-risk countries will be allowed to enter the country and travel in so-called “travel bubbles” without going through the 14 day quarantine period. They’ll be tracked through a smart phone application to make sure they stay in their “bubble.” The plan is being prepared for an approval from the Centre of Covid-19 Situation Administration…
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Schools, colleges, universities to reopen, restaurants and hotels can serve alcohol from Monday
The spokesman for the Centre for Covid-19 Situation Administration announced yesterday that schools, colleges and other educational institutes will be allowed to re-open on Monday, and alcohol can again be served in restaurants and hotels, but NOT in pubs, bars or other entertainment venues. The national curfew is also being lifted as of Monday. International schools and tuition schools are…
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Economist predicts economy will shrink 8.9% this year, despite easing of restrictions
A leading economist is predicting the Thai economy will contract by 8.9% this year despite the easing of Covid-19 restrictions, far higher than previous estimates from local and international economic pundits. Amonthep Chawla, head of the research office at CIMB Thai Bank says that although Thailand is heading toward the fourth phase of lockdown easing, with more businesses to be…
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Phase 4 easing may allow restaurants to sell alcohol. But when?
Relief may be on the way for struggling restaurants, as they might be allowed to serve alcohol again when health officials further relax measures taken to stem the spread of Covid-19. No domestically transmitted cases have been now been detected for 16 days and public health officials say they’re gearing up for the next phase of reopening, and they may…
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Deputy army chief proposes 15 day trial of lifting curfew
Deputy army chief Nathapol Nakpanit, who is also the deputy of the government’s administrative committee on Covid-19, told the Associated Press this morning the committee has proposed lifting the 11pm-3am curfew for a 15 day trial period. He didn’t give a specific date and spoke in advance of meetings to discuss the anticipated Phase 4 of lifting of restrictions. He…
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Thai Airways petitions overseas creditors not to confiscate its aircraft
Thailand’s beloved but beleaguered national carrier is appealing to creditors in Switzerland, Japan and Germany not to seize its aircraft, while a similar request is being prepared for US creditors. If each country’s court approves the petition, Thai Airways assets will be protected against seizure when they fly into their jurisdictions. In particular, the airline will not risk having its…
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Prison skill centres proposed to help former inmates find jobs
Finding a job can be difficult for someone who has just been released from prison. The Thai government wants to change that. They plan to build skill development centres for inmates and provide tax breaks for companies hiring ex-convicts. Minister of Justice Somsak Thepsutin spoke of the skill centre plans at a meeting over the weekend. The proposed centres are part…
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Thailand’s tourism and MICE business will first reboot with low-risk countries
When Thailand’s international borders are prised open, sometime after July 1 this year (that’s the current date anyway), the first tourists and travellers are likely to come from a select group of fellow Asian nations who have had either low Covid-19 cases or been able to manage the number of cases to low, manageable levels. Countries like Vietnam, Taiwan, South…
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Finance Ministry looking at 3,000 baht ‘travel bank’ in next stimulus round
The Finance Ministry is looking at giving domestic tourists a 3,000 baht ‘travel bank’ to deduct off the cost of participating hotels, restaurants and tourism attractions. This time the restaurants, hospitality options and attractions will need to register for the service while the users won’t need to register. So, a user might check into a 5,000 baht hotel and spend…
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Commerce Ministry announces another round of price drops on staple products
The Thai Ministry of Commerce will soon launch a fourth round of price reductions, which will take place at a district level. The ministry has already received cooperation from the business sector to help those affected Covid-19 by lowering product prices, sometimes by as much as 68%, on 3 occasions, In the fourth round, around 7,100 consumer goods are being…
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Covid-19 crisis sees nearly 100 Koh Samui hotels put up for sale
The economic devastation of the Covid-19 pandemic on Thailand’s tourism and hospitality sectors has been inestimable, with foreign arrivals banned since March and hotels nationwide ordered shut in April. Some around the country have since re-opened but nearly 100 hotels on the tourist island of Koh Samui are now for sale. The president of the Tourism Association of Koh Samui…
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Bars, massage parlours may be be allowed to reopen in Phase 4
Drinking at a bar and a massage at some of the country’s larger massage parlour may become possible again in Phase 4 of the lifting of restrictions, originally enacted to contain the spread of Covid-19. Centre for Covid-19 Situation Administration spokesman Dr. Taweesilp Wisanuyothin says that such venues are being considered for the fourth phase of reopening, as no local…
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Former senior prosecutor says Thai Airways rehab plan will unveil extensive corruption
“…the public would continue to be kept in the dark, while the parasites carried on sucking the blood out of the airline.” A former senior crime prosecutor predicts that the rehabilitation plan for Thai Airways is bound to expose extensive corruption in the management of the stricken airline. Posting on his Facebook page, Wanchai Roujanavong says what’s about to come…
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Electricity discount has been switched off
Yesterday the Ministry of Energy announced that the national electricity discount from March to May, which differed based on the amount of electricity used and size and type of the venue, has ended and will not be renewed. But, at best, the discount was merely a perfunctory political gesture, not a useful saving for most Thai residences. The discount was…
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Government to decide which “red” businesses can reopen in next phase
The Centre for Covid-19 Situation Administration revealed today that the government is now considering which high-risk or “red” businesses will be allowed to reopen under Phase 4 of lockdown easing. CCSA spokesman Dr Taweesin Visanuyothin says that the virus could be with us for months or even years, so the government must carefully consider which “red” high-contagion-risk businesses can reopen.…
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Government says Cambodian workers should remain in Thailand during Covid-19
The director general of Thailand’s Employment Department, Suchart Phonchaiwisetkun, says Cambodian labourers should remain in Thailand while the fight against the Covid-19 goes on in the region. He was speaking following a meeting with the the Cambodian Ambassador, Ouk Sorphorn, where they discussed how Thailand would deal with its migrant workforce during the pandemic. According to a report in Nation…
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Beauty clinic designs special face masks for facial treatments
A skin and beauty clinic has designed a mini face mask for clients getting close-up facial treatments to prevent the spread of the coronavirus and comply with the rules set out by the government. But the mask allows therapists to still get to most of the face so they can apply the same procedures. Waleerat Clinic in Bangkok made re-usable…
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Huge Nike flagship store opens in Bangkok’s Siam Center
A massive Nike flagship store is now open in Bangkok’s Siam Center, with a ‘footprint’ spanning more than 836 square metres of prime retail space in the capital. Intended to showcase Nike’s innovation across multiple product categories, the store offers the brand’s first “Nike By You” in-store customisation service in Thailand. Retailers are now pulling out all stops to lure…
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Developers need to clear stock, heavy discounting in property market
ADVERTORIAL Property prices are expected to decline by double digits in the next few months as Thailand’s property developers begin to offer more sales incentives in response to post Covid-19 markets. A recent survey by leading property portal FazWaz indicated that 50% of Thailand’s property developers are considering discounting at least 20% off minimum benchmark prices. Brennan Campbell, CEO at…
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Thai Airways may not need to file for bankruptcy in US
Contrary to earlier reports, Thai Airways may not need to seek bankruptcy protection in the United States to avoid seizure of its planes and other assets. A senior official made the announcement after a meeting led by Deputy PM Wissanu Krea-ngam with the struggling carrier’s senior management and the airline’s board. The meeting was to discuss the airline’s rehabilitation plan…
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New rules for Thai cinemas to re-open in Phase 3
As part of Phase 3 of the easing of Emergency Decree restrictions enacted to fight the spread of Covid-19, cinemas will be allowed to reopen on June 1 (though many operators are unlikely to do so as food and drink are their main revenue source and the movie companies say there are currently no new movies to release…) The Centre…
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