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 12Go introduces Japan Rail Passes to enhance travel accessibility for international travellers
For those who have travelled throughout Thailand, 12Go is a well-known provider of various trips, though the platform itself has a much wider reach. Ranging from buses to planes, 12Go is undoubtedly a leading booking platform for travel throughout the...
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Siam Piwat aims to generate over 500 million baht to revive the economy and tourism industry
Press Release Siam Piwat emphasizes its vision “The Visionary ICON” with the strategy of “Creating Shared Values” by pursuing the mission to stand by Thais’ side in many crises and support Thailand to get through the hardship together. The company aims to boost the tourism industry that has been affected by the Covid-19 pandemic by generating over 500 million baht…
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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: 2022 Edition
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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Thai airlines pin their hopes on government resuming Test & Go
The president of the Airlines Association of Thailand says the government must allow the Test & Go entry scheme to resume as soon as possible. The scheme was recently suspended as the Omicron Covid-19 variant spread rapidly across the globe. Puttipong Prasarttong-Osoth, who is also the boss of Bangkok Airways, says the scheme was working well, attracting more foreign visitors…
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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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Thai industrial gas producers expect higher sales
The largest industrial gas producer in Thailand is encouraged by signs that business is getting back to normal. Bangkok Industrial Gas (BIG) reported that demand dropped significantly during the Covid-19 pandemic. But now the company says that sales are even higher than they were pre-Covid. BIG estimates that its sales next year will grow by 5-6%, reports the Bangkok Post.…
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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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Businesses call on government to accelerate return of migrant workers
Businesses in Thailand are urging the government to speed up the process that will allow for the legal return of migrant workers from neighbouring countries. The Labour Ministry recently confirmed its intention to sign MoUs with Myanmar, Cambodia, and Laos that would permit workers from those countries to enter Thailand from December. However, according to a Bangkok Post report, Thailand’s…
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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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Tax to promote electric vehicles forecasted
Thailand is hopping on the electric vehicle bandwagon. An anonymous source within the Finance Ministry told the Bangkok Post that the Thai government is mulling over providing tax benefits aimed to encourage electric vehicles. This move is coming in the wake of recent promises by PM Prayut Chan-o-cha to increase Thailand’s focus on tackling climate change. The source told the…
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Central plans 500 million baht reboot for New Years festival season
After months of restrictions for shopping centres, with promotional events banned in areas with high Covid-19 infection rates, 35 Central shopping centres across Thailand are preparing for the holiday shopping season with a multimillion baht market campaign to boost sales. Central Pattana Plc is set to spend as much as 500 million baht this New Years festival season in an…
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Thailand aviation sector optimistic following November 1 re-opening
Following Thailand’s re-opening yesterday to vaccinated tourists from 63 approved countries, the aviation sector is feeling positive. According to a TTR Weekly report, Thai carriers are hopeful that the re-opening will mean they can restore their schedules to pre-pandemic levels by the end of this year. The current situation is that Thai Air Asia is operating just 10 of its…
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Crypto Adoption Increase in Asia, Thailand Ranks Among Leaders
It was reported by Chainalysis, one of the largest blockchain data research company that the crypto market has grown drastically in Asia. In just a year, the market saw a growth of 706% increase, representing 14 percent of all crypto transactions around the world. The recent report of the research company indicates that the crypto market of Central and Southern…
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Foreign airlines give up 80% of their slots at Thailand’s airports amid uncertainty of next 5 months
The managing director of Airports of Thailand says international carriers have returned around 80% of their slots at Thailand’s airports. Nitinai Sirisamatthakarn says around 80% of slots between October 31 and March 26 next year have been returned, indicating that airlines are uncertain about any imminent recovery in the aviation sector. Airport slots are the landing and take-off permissions that…
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Government considers tax cut for highly-skilled foreign workers
The Thai government is considering cutting the rate of personal income tax for highly-skilled foreign workers, in order to attract more talent to the kingdom. Ekniti Nitithanprapas from the Revenue Department says officials are mulling the possibility of reducing the rate to 17%. The Bangkok Post reports that the rate of personal income tax in Thailand is based on salary…
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Facebook, WhatsApp, Instagram are down as the Facebook data centre crashes
Facebook, WhatsApp and Instagram are all down on this Monday evening. Users of Facebook’s suite of social media platforms are all non-responsive as millions of users try to access their accounts. Users on mobile, desktop and tablets are all affected. Issues started around 22:44 Thai Time and are currently impacting users worldwide with the hashtag #facebookdown trending on Twitter. We’re…
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Thai AirAsia operating 20 domestic routes from this month
From this month, Thai AirAsia is resuming a number of domestic routes, as well as introducing new ones. TTR Weekly reports that the low-cost carrier is now operating flights from Bangkok’s Don Mueang Airport to Phitsanulok, Nan, Loei, Sakon Nakhon, Surat Thani, Krabi, and Trang. It will also launch a new route from Chiang Mai to Hua Hin from October…
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Thai Airways to resume flights to countries with high vaccination rates
Thai Airways says it will start selling seats on flights to highly-vaccinated destinations from October 1. The struggling national carrier expects to resume flights to the UK, France, and Germany, as well as Japan and Australia. The Bangkok Post reports that airline bosses made the decision after several destinations reported vaccination rates of around 70%. Airline spokesman, Chai Eamsiri, says…
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Strapped for cash, Thai Airways puts 3 more aircraft up for sale
The beleaguered national carrier, Thai Airways International, is to sell 3 more aircraft in a bid to raise some much-needed funds. Also up for grabs is a flight simulator, as the airline continues with its rehabilitation plan and attempts to modernise its fleet. The Bangkok Post reports that the airline is selling 3 of its Airbus A330-300s, all of which…
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Thai government officials offered special promotional fares on Air Asia
Thai Air Asia has launched a promotional deal targeting government officials, members of the Federation of Thai Industries and the Thai Chamber of Commerce, as well as employees of state enterprises. The perks will also apply to their travel companions. The thinking behind the deal is that government officials were some of the first to be vaccinated and are not…
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Occupancy at alternative quarantine hotels takes a nosedive
Bookings at alternative quarantine hotels have plummeted, with Prin Pathanatham from AQ Club Thailand saying average occupancy is currently around 25 – 30%. It’s believed rumours the quarantine period may be reduced from next month have led to the drop in bookings, coupled with signs that infections may have peaked. And Prin says the resumption of domestic flights from dark…
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Desperate hotel operators look to Bangkok re-opening for signs of hope
Even with plans still up in the air and nothing confirmed, Thai hotel operators are pinning their hopes on Bangkok’s proposed re-opening next month. The president of the Thai Hotels Association says that while hotels don’t expect a huge uptake in bookings immediately, they are hopeful that average occupancy might reach 15 – 20% in the last 3 months of…
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Thailand’s spa operators optimistic business will pick up in last quarter
The president of the Thai Spa Association says he’s hopeful things will improve in the last quarter of the year, if the country re-opens and domestic tourism picks up. Krod Rojanastien says the industry has suffered badly under Covid-19 restrictions, with most of the 8,000 registered facilities closed and 70% – 80% of staff out of work. And, while restrictions…
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Suvarnabhumi’s ranking plummets in World’s Best Airports index
The results of this year’s World’s Best Airports awards are in, and in the last 10 years, Bangkok’s Suvarnabhumi has taken a nosedive from number 13 to 66. The awards, voted for by passengers, are run annually by UK consultancy, Skytrax. This year’s results were decided by an online survey that ran for a 12-month period between August 2020 and…
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