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 Limited-time deal: Save 20% on Cigna's expat health plans forever
Starting a new life abroad is exciting—new culture, new lifestyle, and new chances to grow. But living far from home also means taking steps to protect your health in unfamiliar surroundings. Without the right coverage, even small health issues can...
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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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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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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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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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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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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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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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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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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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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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More cuts at Thai Airways as flagship carrier continues rehab process
The chairman of the Thai Airways rehabilitation plan says the airline is making good progress with cost-cutting exercises. Piyasvasti Amranand says Thailand’s national carrier has managed to recover 44.8 billion baht by cutting its workforce and ending aircraft lease agreements. “Thai Airways’ operational performance has progressed satisfactorily in many aspects, including cost reduction and organisational restructuring.” According to a TTR…
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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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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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Thailand’s chicken industry suffering from lack of migrant workers
Thailand, one of the world’s major producers of chicken products, is struggling to keep up with exports. Japanese food companies, one of the major importers of Thai chicken, are feeling the pinch. Like many industries, it’s a labour shortage causing many of the issues. Around the world, supply chains have been severely disrupted by the Covid pandemic and labourers have…
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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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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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Consumer complaints hotline targets rip-off shopkeepers
A nationwide hotline number is now in operation to allow consumers to file complaints against shop owners who overcharge for basic necessities. Nation Thailand reports that the Commerce Ministry has launched the 1569 hotline following complaints of excessive charges for essential goods. Shopkeepers are being warned they face penalties of over 7 years’ imprisonment and/or a fine of 140,000 baht…
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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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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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