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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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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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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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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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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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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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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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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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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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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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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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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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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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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Germany’s finest engineering applied to residential properties in Pattaya
PATTAYA: A few months ago, the German architect Mario Kleff demolished two new villas on Pratumnak Hill, which he is now replacing with a new one. The villa is being built using German engineering quality, with reinforced concrete and long steel girders. Intensive construction work has been underway at the Majestic Residence, Soi 366 Kasetsin, on Pratumnak Hill since…
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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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Officials say employees are to resume work, compensated accordingly following ease on restrictions
With restrictions easing in “dark red” zones tomorrow, the Department of Labour Protection and Welfare has declared that employees can go back to work with their normal compensation, according to Thai media sources. The department has declared that employers are required to summon all employees back to work and pay them accordingly. If employees are not paid their wages, their…
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