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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PETA reveals ‘abused’ monkeys used to pick coconuts in Thailand
A boycott is in full swing amongst western retailers to pull Thai coconut products off their shelves following allegations that the coconuts have been picked by monkeys who were ‘abused’ to learn how to pick coconuts. People for the Ethical Treatment of Animals director, Elisa Allen, claims the macaque monkeys are “snatched from the wild” and cruelly trained to climb up…
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Prohibition activist criticises unequal enforcement of Thai alcohol laws
The head of the prohibitionist Alcohol Watch Network is criticising the Office of Alcohol Beverage Control and police for looking the other way after ML Piyapas Bhirombhakdi posted a photo of herself showing off a branded bottle of an alcoholic drink on her Instagram profile (the picture has since been deleted). Piyapas is not only a great-granddaughter of HRH Prince…
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Bangkok’s shopping malls struggle under tourist ban, fierce competition
Suvarnabhumi, the name of Bangkok’s second international airport, means “realm of gold,” and was given by His Majesty the late King Rama IX to Bangkok’s eastern outskirts (technically in Samut Prakhan province), once a marshland called Nong Nguhao (Cobra Swamp). With its overtones of wealth, the name represents the hopes of developers, who are turning the area into a retail…
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Chiang Mai International Airport sees more traffic
Northern Thailand’s gateway airport is recovering some of its flight and passenger traffic. With the easing of travel restrictions enforced to fight the spread of Covid-19, the director of Chiang Mai’s international airport says traffic is picking up, and more flights and passengers are expected this month. On average, the airport received 40 flights and about 4,000-5,000 passengers per day…
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Thai nightlife grapples with “new normal”
Thailand’s nightlife scene is grappling with a ‘new normal’ as changes upon its recent reopening see facemasks joining the normal bikini wear in red-light districts across the Kingdom. After being forced to close for more than 3 months in order to stop the spread of Covid-19, bars, karaoke venues and massage parlours are in the latest category of businesses allowed to…
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Thailand sets new guidelines to govern “medical tourism”
Thailand’s medical community is rolling out a set of guidelines for medical tourism as the country prepares to open its borders to international visitors. According to the director-general of the Department of Health Service Support, yesterday’s first meeting of the medical hub committee resulted in 3 decisions. The first outcome from the meeting set a new policy pertaining to quarantine…
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Phuket’s (in)famous “Soi Bangla” district reopens today
Today is the official reopening of Phuket’s famous (or infamous) “Soi Bangla” nightlife district, but only about 20% of venues say they’re reopening during this early stage. The Centre for Covid-19 Situation Administration announced yesterday that all night entertainment venues may reopen but must strictly adhere to health guidelines set out to prevent the spread of Covid-19. Dr Taweesilp Visanuyothin,…
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Thailand’s hotel industry pushing ahead with recovery
Optimism is building in some corners of the hospitality industry as Thailand pushes ahead with it Covid-19 recovery phases. Occupancy rates in at least Bangkok and Phuket are likely to bottom out soon with the lifting of travel restrictions, according to JLL Hotels & Hospitality Group. Thailand’s hotel industry is now entering a recovery phase following the country’s decision to issue a…
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Many Thais face salary cuts, job loss due to pandemic, survey finds
The coronavirus pandemic has already led many into financial difficulties, some being put on temporary leave from their jobs, and others losing their jobs altogether. A recent survey shows that 1 in 4 workers lost their jobs or were currently out of work as a result of the impacts of the pandemic crippling the economy. A significant percentage of those…
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Thai Air Asia to resume all domestic routes, flights in July
Thai Air Asia will return to full domestic services in Thailand during July, with all routes and flights back in action for a total of 23 destinations and 25 routes. The announcement was made this afternoon. Thai Air Asia’s CEO told Associated Press that the airline has been slowly ramping up its domestic routes since May and is now ready…
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AirAsia’s flight plans uncertain due to bans
After rumours that Thailand will extend its scheduled international flight bans into July, Air Asia’s flight plans remain uncertain as it hopes are ‘up in the air’ about resumption of its international flights. Due to having little advanced notice of travel bans due to the Covid-19 measures being changed constantly, the airline is on standby as it awaits the final word…
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Mandatory 14 day quarantine for international arrivals to Thailand
Following the announcement that Thailand would once again open its doors to certain categories of international visitors, the government’s Covid-19 task force has confirmed most will have to agree to a 14 day quarantine. It’s understood the first group to be granted entry to the Kingdom from July 1 will include businesspeople, skilled workers and experts, teachers, students, and medical…
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NokScoot downsizes, airlines ask for financial help
Travel restrictions and flight cancellations across the globe have caused once busy sky traffic to go quiet as airlines are taking a battering from the coronavirus outbreak. Less of the bird-like, yellow beaked planes will be in the air as the popular budget airline NokScoot just announced it’s downsizing their fleet and laying off employees to try and keep the…
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Open for business. Just about all business restrictions in Thailand lifted from July 1.
Thailand has now gone over a month without a locally transmitted case of Covid-19, and July 1, approaching quickly, will see the resumption of all businesses and activities originally suspended under the Emergency Decree, including bars, pubs and “soapy” massage parlours. Spokesman of the Centre for Covid-19 Situation Administration Dr Taweesilp Visanuyothin made the announcement yesterday. He told the media…
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Arrival ban to end on July 1… some foreigners will be allowed in
“Dr. Taweesilp says about 50,000 foreigners are expected to visit the country under the new rules.” Thailand will begin allowing foreigners to enter the country from July 1, easing the months-long arrival ban. But foreign tourists will still be banned. Dr Taweesilp Visanuyothin, spokesperson of the government’s Centre for Covid-19 Situation Administration, says that the first group will comprise businessmen…
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Massage parlours will be allowed to reopen, must track and report customers to government
Post-Covid nightlife in Thailand is likely to be a bit duller than before, but at least “soapie massage” is back on the menu. The Centre for Covid-19 Situation Administration announced today that massage parlours of every description will be allowed to reopen along with bars, pubs and other venues in the next phase of easing restrictions. But, there will be…
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PM urges Thai industry representatives to adjust to “new normal”
PM Prayut Chan-o-cha is urging Thai business representatives to accept and adapt to the new way of doing things in the aftermath of the Covid-19 crisis. He was speaking during a meeting with the Federation of Thai Industries, where he called for the private and civil sectors to work with the government to get the economy going again. In talks…
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Price spike for Thai latex, condoms and medical gloves in demand
It’s clear the coronavirus pandemic has lead to a surge in demand for plastic gloves, but demand has also increased for condoms (locked up for 2 months, blah, blah…). The high demand has increased the price of latex and business is booming for companies in Thailand. Malaysia had a significant drop in natural rubber production and The Thai Rubber Latex Corporation…
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Bangkok’s revamped Khaosan Road may reopen in August, without international tourists
Bangkok’s Khaosan Road, for decades a pilgrimage for backpackers from all over the world, looks set to reopen in August. A well-loved tourist mecca for browsing, eating and night life, the thoroughfare has undergone a revamp during lock-down, and now boasts a new road surface, traffic barriers and newly-planted trees. Similar work is planned for the city’s Kraisi, Rambuttri and…
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Thai Airways staff balk at cuts in perks and benefits
The Labour Ministry will invite the management of Thai Airways International for talks over a complaint submitted on Friday to the ministry by the airline’s labour union over unreasonable cuts in work benefits, especially healthcare welfare. Nares Puengyaem, the president of Thai Airway’s labour union, together with two representatives of State Enterprises Workers’ Relations Confederation , yesterday submitted to…
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CAAC chief: International flights unlikely before September
Dashing hopes that international arrivals (code for ‘tourist flights’) could resume on July 1, Thailand’s senior civilian aviation regulator says that they’re are likely to resume as late as September. The Civil Aviation Authority of Thailand’s director says none of the airlines he’s met expressed any interest in resuming international flights next month, when the order shutting down the country’s…
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Outrage over 75,000 baht travel allowance for senior execs at Thai Airways
The deputy leader of Thailand’s Democrat Party, Samart Ratchapolsitte, has slammed Thai Airways management for granting senior executives a monthly 75,000 baht “travel allowance”. Posting on Facebook, he decries the allowance granted to anyone holding the position of executive vice president at the long-struggling airline. Thailand’s national carrier, run as a state enterprise until it filed for bankruptcy protection, is…
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Poll shows flea markets, supermarkets, most popular with Thais as lockdown easing continues
“46% of Thais want the Songkran holidays moved to the (western) New Year period.” A new poll shows that most Thais are anxious to return to markets and supermarkets first, as the country continues to relax the restrictions imposed during the Covid-19 crisis. A report in Nation Thailand says over 83% of those surveyed are prioritising markets, flea markets and supermarkets,…
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Up to 1,000 foreigners per day with smart phone tracking – plan to open Thailand up to foreigners
If approved by authorities, foreigners from low-risk countries will be allowed to enter the country and travel in so-called “travel bubbles” without going through the 14 day quarantine period. They’ll be tracked through a smart phone application to make sure they stay in their “bubble.” The plan is being prepared for an approval from the Centre of Covid-19 Situation Administration…
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Economist predicts economy will shrink 8.9% this year, despite easing of restrictions
A leading economist is predicting the Thai economy will contract by 8.9% this year despite the easing of Covid-19 restrictions, far higher than previous estimates from local and international economic pundits. Amonthep Chawla, head of the research office at CIMB Thai Bank says that although Thailand is heading toward the fourth phase of lockdown easing, with more businesses to be…
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Industry panel wants foreign businesspeople allowed back to Thailand
The Joint Standing Committee on Commerce, Industry and Banking is proposing that foreign businesspeople be allowed back into Thailand. The president of the Thai Chamber of Commerce says this can be allowed if the government enacts strict measures to contain the spread of Covid-19, including ensuring every foreign visitor is tested for the virus 48 hours before landing in Thailand.…
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Phase 4 easing may allow restaurants to sell alcohol. But when?
Relief may be on the way for struggling restaurants, as they might be allowed to serve alcohol again when health officials further relax measures taken to stem the spread of Covid-19. No domestically transmitted cases have been now been detected for 16 days and public health officials say they’re gearing up for the next phase of reopening, and they may…
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Deputy army chief proposes 15 day trial of lifting curfew
Deputy army chief Nathapol Nakpanit, who is also the deputy of the government’s administrative committee on Covid-19, told the Associated Press this morning the committee has proposed lifting the 11pm-3am curfew for a 15 day trial period. He didn’t give a specific date and spoke in advance of meetings to discuss the anticipated Phase 4 of lifting of restrictions. He…
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Prison skill centres proposed to help former inmates find jobs
Finding a job can be difficult for someone who has just been released from prison. The Thai government wants to change that. They plan to build skill development centres for inmates and provide tax breaks for companies hiring ex-convicts. Minister of Justice Somsak Thepsutin spoke of the skill centre plans at a meeting over the weekend. The proposed centres are part…
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Beer delivery company hit with 50,000 baht fine for violating Alcohol Control Act
A craft beer delivery company says it’s been fined 50,000 baht for allegedly violating Thailand’s Alcohol Beverage Control Act. Posting on its Facebook page, Beervana says it wants to warn other companies and is also petitioning for the law to be abolished, claiming it’s hurting businesses that are already struggling during the Covid-19 crisis. Under the act, suppliers are forbidden…
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