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 How one hospital visit in Thailand could cost more than your whole trip
Thailand is a favourite spot for travellers who want to enjoy more while spending less. From cheap street food to low-cost hotels and fun attractions, it’s easy to stretch your budget here. But there’s one thing many people don’t think...
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Commerce Ministry says Thais should sell to Chinese customers on TikTok
The Ministry of Commerce has come up with a cunning plan that Thai people could make more money by selling products, especially clothes, to Chinese people via the popular TikTok app. The ministry also came up with tips and ideas for Thai sellers who want to win new Chinese customers on TikTok. Yesterday, the Director-General of the Department of International…
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Thailand’s biggest new attraction “Andamanda” opens in Phuket
Moisture and adventure meets Thai culture and mythology at Andamanda, Thailand’s biggest water park, covering 58 rai of land in Kathu, in Phuket, southern Thailand. On Saturday, Thailand’s former deputy prime minister Suwat Liptapanlop attended the water park’s grand opening. The new theme park is located on the main road to Patong, about 800 metres west of the Samkong intersection,…
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Lockdown in China stinks for Thai farmers
With no ending in sight in regards to lockdown in China, Thailand has been told it must source raw materials from other countries if it is to survive causing a stink in the farming industry. Thailand’s manufacturing industry and supply chains continue to bear the brunt of lockdowns in China’s major cities. China is the nation’s largest supplier of raw materials…
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Uncertainty hangs over Bangkok-Betong route as Nok Air considers its options
Nok Air’s flights between Bangkok and Betong, in the southernmost province of Yala, could be in jeopardy, as the carrier considers its options. The struggling low-cost airline is incurring financial losses on the Don Mueang to Betong route, according to Nok Air CEO, Wutthiphum Jurangkool. According to a Bangkok Post report, the airline expects losses to reach 40 million baht…
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Mixed fortunes for Thai Airways but nation’s flag carrier confident of financial take off
Financial figures released yesterday by Thai Airways International revealed mixed fortunes for the Bangkok-based airline. Thailand’s flag carrier airline declared a net loss of nearly 3.4 billion baht on revenue of 11.2 billion baht in Q1, an improvement on the 11.2 billion baht net loss from the same period last year, but on the positive side the company also noted…
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Thai aviation industry says international flights at only 20% of pre-pandemic level
The Thai Airlines Association says that in the first 4 months of this year, domestic flights have returned to nearly 100% of their pre-pandemic level. However, international flights have still only reached 20% of pre-Covid-19 levels. TAA president, Putthiphong Prasatthong-Osot, says the lifting of some travel restrictions has led to an increase in passenger numbers, but adds that it will…
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Why Investors Spend Millions on Virtual Real Estate
Designer furniture, floor-to-ceiling windows, sun terrace, infinity pool – a few weeks ago, the Mars House luxury estate was sold for more than half a million US dollars. A bargain, one might think, given the rising prices on the real estate market. But the house does not exist physically, but purely digitally. You can only walk through it in augmented…
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Labour Minister says government considering increasing minimum wage to 492 baht
Thailand’s Labour Minister says the government is considering increasing the daily minimum wage to 492 baht. Suchart Chomklin was addressing the Anti-Fake News Centre in an attempt to clarify rumours circulating on social media, according to a Nation Thailand report. “The ministry has discussed the raise with representatives of workers’ unions and businesses based on the rate submitted by the…
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Strict Covid-19 rules make companies in China think about moving investments
Now that 43 cities in China are under either full or partial lockdown, more and more European companies in the country are seeking to move their investments. The European Chamber of Commerce in China announced today that nearly a quarter of respondents on a survey were considering moving current or planned investments out of China. 92% of the respondents say…
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Is Lazada coming to Europe?
Lazada might be coming to Europe! In efforts to target local European vendors, Alibaba Group reportedly plans to expand its Southeast Asian arm, Lazada, to Europe. Sources that told Reuters the news did not specify which European countries Lazada intended to expand to. Lazada is commonly known as an Asian version of Amazon. The sources said an overseas commerce head…
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More than 2,000 locals queue up to claim Covid-19 insurance after companies go broke
More than 2,000 Thais queued up at Suan Lum Night Bazaar Ratchdapisek in Bangkok to claim money from their Covid-19 insurance. Thais use the phrase “Found-Paid-Done” for the collection of insurance monies owed to them. The office of the Thai Insurance Commission is adjacent to the Suan Lum Night Bazaar. Some people had slept in front of the building for…
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Does Thailand need casinos? Study to be submitted next month
In May, a committee of Thailand’s cabinet members and politicians will submit a study on the feasibility of bringing casinos, and casino resorts to Thailand, to the country’s House of Representatives. The first resort would likely be in Bangkok, however the committee is discussing opening more in other tourist destinations after that. Rumours have yet to be confirmed that Las…
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6 Reasons Why Expats in Thailand Need a VPN
White-sand beaches, warm sunshine, and delicious food. Living in an exotic country like Thailand can help you achieve the lifestyle you always wanted. Nevertheless, as an expat (a person who lives and works in a foreign country), you have to be aware of the cyber threats you may face. Phishing emails, data breaches, compromised passwords – there are only a…
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Director of Betong Airport transferred to inactive post
Oh dear, it all looked so promising… Following on from Nok Air’s declaration that it was suspending services to the newly-opened Betong Airport due to low uptake, the airport’s acting director has now been sacked. According to a Nation Thailand report, Duangporn Suwanmanee was removed from her position just 4 days after Thai PM Prayut Chan-o-cha arrived on the airport’s…
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Bangkok instant noodle shop draws thousands of teens
A Bangkok instant noodle shop that opened in October last year has drawn thousands of teenagers since its opening. The shop, called Good Noodle, is stocked with noodles from Indonesia, South Korea, China, Taiwan and Hong Kong. Good Noodle doesn’t just sell noodles, though. It also allows customers to to prepare their meals and eat there, even though the noodles…
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Burger chain closes its doors in Thailand, for good
Carl’s Jr. is planning to close all 6 of their locations in Thailand by the end of March. The local owners of the burger chain, R&R Restaurant Group, says they are no longer able to carry the losses and costs of operating the fast food chain. The chain first opened in Thailand in 2012 with its first store in Pattaya in…
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Mario Kleff designed the longest steel box girder used in residential construction in Thailand
It was early March 2022 in Pattaya when the delivery of 50 tons worth of custom fabricated steel, in the form of box girders and cellular beams arrived at the Majestic Residence construction site, Khao Phra Tamnak. The architect Mario Kleff and his construction company Wandeegroup Asia Co Ltd continue to set new standards in residential construction in Pattaya and…
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Paypal will still work in Thailand until the end of the year
After Paypal warned of suspending its services in Thailand starting March 7, the company announced yesterday that it will in fact keep providing services in the country until the end of the year. Paypal had warned it would close services in Thailand after Thai authorities wanted it to verify all users’ identities, in order to prevent money laundering. But now,…
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MP questions submarine purchase from China, says it will be delivered without an engine
A MP from the Pheu Thai Party claims that the submarine that the government recently brought from China will be delivered without an engine after issues with a German supplier. The MP, and also Pheu Thai party leader, Yuttapong Charasathien, is criticising the 12.42 billion baht submarine purchase from a Chinese firm, saying the “deal lacked transparency”. Yuttapong says the…
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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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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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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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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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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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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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