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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Sponsored A World Kindness Day: Spread kindness, prevent illness - Get your 10% discount
With World Kindness Day just two days away on November 13, it’s the perfect time to reflect on how empathy and care can make a real impact, not just in our relationships but in our health, too. This day is...
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Bitcoin sheds nearly 15% of its ‘value’ in one day
After a meteoric, and probably unsustainable rise and rise over the past 12 months, Bitcoin has suffered a short and sharp mini-crash over the weekend, dropping nearly 15% of its value in less than an hour – a stark warning of the cryptocurrency’s unpredictable volatility. Bitcoin dropped in ‘value’ from about US$59,000 to US$51,000 before rebounding. Ethereum and Dogecoin also…
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The Thaiger joins forces with Masii to bring you hassle-free Thailand re-entry packages and much more
PRESS RELEASE The Thiager and its sister company Tadoo, have announced they will enter a strategic partnership with the Bangkok-based fintech company, Masii. Having joined forces with Masii, The Thaiger aims to provide its 6 million-plus monthly users with exclusive deals and packages such as the Thailand re-entry package, comprising of the Certificate of Entry (COE), Covid-19 Travel Insurance and…
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Aviation authority calling for 20,000 vaccine doses for crew, ground staff
The Civil Aviation Authority of Thailand is calling for vaccine doses to protect around 20,000 airline crew and ground staff before the country re-opens to international tourists. The CAAT says it’s vital that those working in the aviation industry are protected and has submitted its request to the Centre for Covid-19 Situation Administration. According to Suthipong Kongpool from the CAAT,…
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Labour union angry over changes to Thai Airways staff contracts under rehab plan
Union representatives are questioning changes made to the employment terms of Thai Airways staff as part of the national carrier’s debt-restructuring plan. The labour union claims the changes have removed or diluted several staff entitlements and welfare benefits, pointing the finger at acting president, Chansin Treenuchagron, who signed the orders. The union is calling on the Department of Labour Protection…
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Bangkok’s Chatuchak weekend market opening weekdays
Chatuchak weekend market, known locally as JJ, is scheduled to open 6 days a week from next month in an effort to make up for losses due to the Covid-19 pandemic lockdowns and restrictions. The iconic market in Bangkok saw a sharp decline in even local Thai customers after the economic slump caused by borders closing during the pandemic. The…
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North expansion project at Suvarnabhumi will go ahead – Transport Minister
The Transport Minister says expansion plans at Bangkok’s Suvarnabhumi Airport will go ahead and will include the contentious North expansion project. Saksayam Chidchob’s announcement appears to disregard a recommendation from the National Anti-Corruption Commission, who have previously stated that any expansion should be in line with a proposal from the National Economic and Social Development Council. That proposal suggested the…
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Roshi, financial comparison platform is helping Singaporeans master their money
Singapore-based entrepreneur, Amir Nada, launched a financial comparison platform during the lockdown that is helping Singaporeans master all their money moves. Like Thailand-based, Tadoo, the new platform allows consumers to easily compare and choose the best financial products and plan better ways to spend and save. SINGAPORE (SEPTEMBER) – “There’s always an opportunity in a crisis.” That’s the resounding message…
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Thai Airways challenging claims of over US$7 billion from leasing companies and Rolls Royce
Thai Airways is questioning claims from the lessors of some of its aircraft and Rolls-Royce, who service some of their aircraft engines. The airline is currently in the middle of lengthy bankruptcy proceedings as the court wades through thousands of creditor claims. The lessor and maintenance claims total over $US$7 billion. Thai Airways says that it’s not liable for the…
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Consumer groups sue Trade Competition Commission for approving CP-Tesco merger
Thailand’s Trade Competition Commission has been served with a lawsuit courtesy of the Foundation for Consumers and 37 other consumer groups, as a result of a merger between the conglomerate Charoen Pokphand Group and Lotus (formerly Tesco Lotus). “The Charoen Pokphand Group is a Thai conglomerate based in Bangkok. It is Thailand’s largest private company and one of the world’s…
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8 Thai Airlines must provide a business recovery plan or lose out on additional routes
Commercial Airlines Registered in Thailand must provide a business recovery plan or run the risk of the civil aviation authority of Thailand (CAAT) halting the allocation of additional routes. According to reports, eight airlines have been targeted. The 8 airlines on the list from the Civil Aviation Commission (CAC) are Thai Airways, Thai Smile Airways, Nok Air, AirAsia X, VietJet…
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Slow return of foreign tourism makes more redundancies inevitable – Airlines Association of Thailand
The president of the Airlines Association of Thailand says further layoffs in the sector are inevitable, due to the slow return of international tourism. In a Bangkok Post report, Puttipong Prasarttong-Osoth says the sluggish revival of foreign tourism, now not expected until the last quarter of the year, means all carriers continue to face financial hardship. And while there was…
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Airline executive arrested for failure to pay wages of 150 workers
An airline executive has been arrested in the central province of Samut Songkhram, after complaints from150 employees that they had not been paid. Chawengsak Noiprasan, who had a court warrant issued against him in October, was taken to Don Muang police station from a property in the Bang Khan Take sub-district. He is a board member of Siam Air Transport.…
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The social media giants in battle with ‘old’ media and world governments | VIDEO
https://youtu.be/HKKIuWHw_t8 “The rules signal greater willingness by countries around the world to rein in big tech firms such as Google, Facebook and Twitter that the governments fear have become too powerful with little accountability.” India has issued strict new rules for Facebook, Twitter and other social media platforms just weeks after the Indian government attempted to pressure Twitter to take…
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Domestic air passenger numbers double those of January
Passenger numbers on domestic flights within Thailand have doubled within a month, rising from 4,000 in January to over 10,000 this month. Having nearly recovered to pre-pandemic levels, domestic travel plummeted once more when Covid-19 resurfaced late last year. Apirat Chaiwongnoi from the Department of Airports says 15 of Thailand’s 29 airports are now operating domestic flights, with more expected…
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Samut Sakhon’s shrimp market to remain closed until February 15
Samut Sakhon’s Central Shrimp Market, the epicentre of Thailand’s recent wave of Covid-19, will remain closed until February 15. The market can reopen once the overall hygiene situation at the market and surrounding area has improved, according to the province’s disease control committee. Local officials say the shrimp market needs to remain closed until the market structure and nearby residential…
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Legalisation of hemp cultivation is expected to boost stocks
Thailand’s recent legalisation of hemp cultivation is expected to boost stock prices in related sectors. Market analysts at KTBST Securities Research say plantation and refinery businesses are likely to be the first to to receive licenses to grow hemp or produce extracts, and those businesses should expect an uptick in stock prices. Market analysts add that businesses that plan to…
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Lights, camera, Covid – Tourism Ministry wants film crews to come to Thailand now
Without much luck with their ‘cunning ideas’ to draw back a few of the remaining world’s travellers, Thailand’s tourism officials are turning to the film industry to attract some people and investment. The Tourism and Sports Ministry is aiming to generate around 3 billion baht from foreign film crews and is targeting film projects with an investment over 100 million baht.…
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UPDATE: Thailand Covid zones and your restrictions
Which of the five coloured zones are you living in? A green zone? Red zone? Pale red zone? hat’s the difference and what’s open and what’s not? If you’re not in Samut Sakhon, the coastal province just south west of Bangkok, then some of the restrictions imposed by the CCSA have recently been lifted. Here’s a quick look at what’s…
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Pattaya Beach, fly over the pristine but horrifyingly empty beaches | VIDEO
The Thailand Discovery YouTube channel has captured an empty Pattaya beach front for the first month of 2021. The first month of any year would usually be one of the busiest months of the year and the beaches should be heaving with tourists in the post Christmas/New Year break and the lead up to the Chinese New Year travel burst.…
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Re-openings and easing of restrictions in Chon Buri, effective Monday, February 1
Re-open for business, sort of. Chon Buri province’s PR department has released its latest list of orders which will come into force on Monday. It follows the CCSA changing the Chon Buri provinces Red Zone classification into an Orange Zone. More about the latest provincial zones and restrictions HERE. The hard-hit bar and entertainment scene in Pattaya will be breathing…
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Taxis and tuk tuks ask Thai government for help
Unions of Thai Taxi workers and Thai automobile drivers have handed over an official request to a government labour committee to file a request to the government seeking financial support. Thai Taxi workers passed over their requests to Suthep Yoo-on, the chairman of the Labour Committee officially seeking industry support. Just about all sectors of the country’s transport infrastructure have…
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Scrub away Pattaya’s restrictions with a Walking Street wash-a-thon
Without much other good news on the horizon, Pattaya officials have celebrated almost two weeks of no new Covid-19 infections with a celebratory ‘wash down’ of Walking Street. The ritual ‘wetting’, in the Songkran tradition, was seen as a new beginning, washing away the bad spirits and the bad times that had fallen on the once-busy red light district. Sonthaya…
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Phuket eases restrictions, bars back to late-night hours
Things are getting back to normal in Phuket. The provincial government eased disease control restrictions, allowing restaurants, bars and entertainment venues to go back to their normal operating hours – no more midnight closure order – and lifting the late-night alcohol ban. While bars can now stay open late and serve alcohol after midnight, dancing is prohibited and venues cannot…
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Massage workers in Pattaya call for reopening of spas and massages shops
A group of about 50 workers from Pattaya massage shops and spas gathered together to call for the reopening of their businesses after being closed for the past month due to Covid-19 restrictions. The group called themselves the “Pattaya Health Massage” presented a letter signed by 60 massage shops, spas and gyms to Bang Lamung District Sheriff this morning. Chon…
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Chatuchak market is in worst crisis in 5 decades due to Covid-19, vendors say
Chatuchak Weekend Market, Bangkok’s biggest market and a popular tourist destination, is hit hard by the new wave of Covid-19. With the lack of foreign tourists due to travel restrictions over the past year, as well as more locals staying at home despite the market’s strict disease control measures, the number of visitors at the market has dropped by 90%.…
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Eating out until 11pm in Bangkok is waiting for approval
Bangkok restaurants may soon be allowed to stay open a little later. Health officials are considering easing up Covid-19 prevention measures by extending restaurant dine-in closing times to 11pm. If the proposal by the Thai Restaurant Association is given a green light, it may lead to the lifting ban of alcohol drinking. After the order of shutting entertainment venues and…
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34.7% of Thai tourist businesses closed down
“When the tourists start coming back it will be a very different holiday experience for them. Will it ever get back to the numbers before Covid? Never.” A Tourism Authority of Thailand survey, conducted between January 10 – 12, indicates that more than a third of the country’s tourism-related businesses has already shut up shop and gone out of business.…
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Government is to allow people to use “legal” parts of cannabis in business
With intentions to promote cannabis as the country’s potential new cash crop, the government is preparing guideline to allow people to produce, sell or own cannabis and hemp. The permitted businesses, including textile, pharmaceutical, and cosmetics will be able to register to receive FDA permissions from January 29. According to the FDA secretary-general, leaves, stalks, stems, roots, flowers, and seeds…
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US jobs market stumbles back into decline
The labour market for the world’s largest economy is heading back into reverse mode after slowly chugging back into gear over the past 8 months, following the March stock crash and initial impacts of the US state lockdown measures.. The December report was the first drop since April figures, providing the strongest evidence of the impact of the huge number…
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Covid-19 could cost an estimated 9 billion baht loss to the economy – Thai alcohol association
An alcohol business association is saying the latest round of restrictions and closures on pubs and bars could cost the industry and businesses 9 billion baht. The Thai Alcohol Beverage Business Association is railing against the Thai government’s policies as they restrict the operations and operating hours of tens of thousands of bars, pubs and clubs around the country. They…
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