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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Digital nomading in Chiang Mai? What US$1,000 a month really gets you
Chiang Mai has become a popular destination for digital nomads due to its low living costs, rich culture, and active remote work community. The city offers affordable housing, tasty food, reliable internet, and many co-working spaces, making it a great...
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AoT defers final decision about new BKK airport terminal until February 20
PHOTO: Rendering of the new proposed Terminal for Suvarnabhumi Airports of Thailand has set a deadline of February 20 to decide whether it will go ahead with the construction of the much-needed second terminal at Suvarnabhumi Airport, the country’s largest and busiest airport. The 42 billion baht project has been embroiled in controversy amid criticism from organisations including the Council…
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Invacio Research Analytica takes aim at equivocator’s in politics
ADVERTISING Invacio Research Analytics Thailand, a group subsidiary of Invacio founded by William J D West and led by Linleeya West (Thai – Swiss Educated), have just launched a multi-agent AI-driven analysis system that is designed to clean up politics and expose deceptive practices and statements in video presentations and interviews. https://www.youtube.com/watch?v=bxSxcJ_PsY4&feature=youtu.be Invacio, as a company, is intent on providing…
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Bangkok to Los Angeles in just over 5 hours. The second supersonic revolution.
PHOTOS: boomsupersonic.com When the world’s first supersonic passenger jets took to the skies (in December 1968 – The Russian TU-144, followed not long after by Concorde in March 1969) the two aircraft had been designed with slide rulers and tested in rudimentary wind tunnels. The age of computer design and digital bench testing was a generation away. Still, the feat…
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Reflections #2 – Thailand Tourism Forum – ‘Chindia Tourism’
‘CHINDIAN’ Tourists – Same Same or Different? by Wimintra Raj – hotelintel.co If you’re running a hotel or any business related to the local tourism industry in Thailand, this is an article you need to read, then read again. It was just one of the many presentations at the annual Thailand Tourism Forum held in Bangkok recently. “For the third…
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Pattaya faces a condo oversupply
Last year, Pattaya saw 10,239 condominium units launched with a combined worth of 55 billion bHT (USD1.7 billion), a huge jump from JUST 2,192 units in 2017. Phattarachai Taweewong, the Senior Manager of Collier’s research department, told Bangkok Post that a large portion of the homes remain unsold due to the massive supply last year, The research department’s research showed that…
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Thailand’s marine industry unites around single yacht show
The fourth Thailand Yacht Show & RendezVous has now wrapped up with many of the exhibitors praising the new format and noting the sales and contacts made during the four day marine exhibition. The exhibit was held between January 10-13 at the Royal Phuket Marina. Leading international yacht dealers, brokerage houses, charter agencies and marine suppliers were there to showcase…
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Avengers theme park closes in Bangkok after only 7 months
Usually anything to do with the Avengers is a license to print money. But not in the case of Southeast Asia’s first Marvel Entertainment theme park. The park, constructed at the Mega Bangna Shopping Centre in south-east Bangkok, is going out of business after just seven months. Despite the fanfare when it opened in June 2018, the themed attraction didn’t…
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Some restrictions lifted for superyachts in the region
PHOTO: katarocks.com Thailand is poised to ease rules on bareboat charters as well as introducing new measures to attract more luxury and super yachts into the region. The new measures were laid out in a presentation called “Highlighting Strategies for Attracting Yachts and Improving Safety at Sea” held at the 2019 Thailand Yacht Show and Rendezvous in Phuket. Gordon Fernandes,…
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Company rolls out new computers for Chiang Mai school
Top executives from Thailand property development company Boutique Corporation recently visited the Intanon Wittaya School in Chiang Mai and presented them with ten desktop computers to the school. Inthanon Wittaya School is located in Amphur Mae Jam, 111.2 kilometers from Chiang Mai, with 192 kindergarten and primary school students. The school offers a computer class but only had 11 computers…
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BOI approves new rail services, new port investment
PHOTO: Duangjai Asawachintachit, BOI secretary general The Board of Investment of Thailand (BOI) has laid out strategies to boost the development of rail services and the country’s cruise tourism. Duangjai Asawachintachit, BOI secretary general, says the latest BOI meeting chaired by the Prime Minister had resolved to instigate measures to attract investment in rail development and related infrastructure for continued…
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Thailand opens doors to cryptocurrencies – Thaiger Bites
Divisions are forming across Asia with regards to cryptocurrencies. Some nations such as China are constantly stomping on anything to do with crypto assets but others, Thailand being the latest, are opening their digital doors to the fledgling industry. Over the past year Thailand has warmed to crypto and this latest raft of official licenses is a big boost to…
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Sporting events, meetings and Indian weddings spur Phuket tourism in 2018
PHOTO: WeddingSutra.com by Bill Barnett of c9hotelworks.com Phuket’s surging MICE market is now valued at 10.9 billion baht, as meetings, incentives and exhibitions attracted over 800,000 visitors to resort island in the last year. The islands increasingly prolific MICE market nearly doubled in year-on-year growth in 2017. As revenue for the segment skyrocketed from 5.9 billion baht to a record-high 10.9…
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Another Thai interest rate hike predicted for next year
by Phuwit Limviphuwat and Wichit Chaitrong We’ve just had one .25 basis point interest rise to the base rate. Now there’s already talk of another in 2019 which will start to affect consumer spending, especially mortgage holders. Siam Commercial Bank (SCB) and Phatra Securities are predicting that the Bank of Thailand (BOT) is likely to implement a modest interest rate…
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Thailand should prepare for global economic slowdown
The global economy is in disarray with no clear direction. This is the stark warning from Supachai Panitchpakdi, former director-general of the World Trade Organisation. He also says that the US-China trade war is having an adverse impact on investor confidence, Investors don’t know where to safely invest, because the trade war could easily disrupt global supply chains, he said. Supachai,…
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Bangkok Airways starts flights to Cam Ranh, Vietnam
Bangkok Airways is the latest airline to signal its intention to fly to Nha Trang beach and the Cam Ranh International Airport, the gateway to one of Vietnam’s popular holiday destinations. Cam Ranh is also an emerging destination in is own right with unspoilt beaches closer to the airport than the popular Nha Trang. Starting on January 25, Bangkok Airways…
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Bank of Thailand ups policy rate to 1.75 percent, first rise in 7 years
The Bank of Thailand has increased its policy rate by 25 points, up from 1.50 percent to 1.75 percent. It’s the first rise in seven years. The Monetary Policy Committee voted 5:2 to raise the one-day repurchase rate to 1.75 percent with immediate effect after the rate was kept unchanged for seven years, noting that the need to depend on relaxed…
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Well Hotels signs new Pattaya resort on Phratamnak Hill
Well Hotels & Resorts has announced the signing of a management contract for a new boutique property that will be branded Phratamnak Well Resort Pattaya. The property is set to open in late 2019 with 78 rooms and suites. According to the agreement, Well Hotels & Resorts will take on the responsibility for the pre-opening and full operational management. Phratamnak…
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Finance Minister foreshadows slowing economy in 2019
“We expect the GDP growth for 2019 to be at least 4 per cent. However, the economic growth for 2019 is expected to be slower than 2018,” Finance Minister Apisak Tantivorawong predicts Thailand will encounter slower economic growth in 2019,. The Minister cites uncertainty from the trade war between China and the US, the upcoming Thai election and a slump…
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Government poised to cast tax net over online transactions
As the world continues its relentless move online, and away from traditional retail, governments are having to find new ways to track and tax online transactions. The Thai Revenue Department is poised to cast a wider net over online vendors and other businesses that have been evading taxes. The National Legislative Assembly (NLA) is soon to approve amendments to the…
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SHOW DC launches new 60,000 capacity outdoor SHOW DC Arena
Latest event space establishes SHOW DC’s positioning as the events venue of choice in downtown Bangkok with combined capacity of 90,000 Large scale events have a new stage in downtown Bangkok at SHOW DC, which has launched the biggest outdoor event venue in the city. Named SHOW DC Arena, the 120 million baht investment in a 31,790 sqm outdoor entertainment space…
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Thai Airways – we need more planes
Thai Airways says it’s has lost 10 percent of its market share over the past three years due to a shortfall in available planes. It’s new business plan states that, if the national carrier wants to restore market share it needs at least 125 aircraft, according to Thai Airways president Sumeth Damrongchaitham. The national airline has submitted its business plan…
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Hotel #4 for Centara Hotels in Krabi
PHOTO: Centara Grand Beach Resort & Villas Krabi, another of the Centara properties along the Krabi coast Centara Hotels & Resorts, Thailand’s largest hotel group, has just signed a Hotel Management Agreement for a 180 room property on Ao Nang Beach, Krabi. The new hotel will be under its ‘Centara’ brand. Centara Ao Nang Beach Resort & Spa Krabi will…
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Container with radioactive waste being stored at Laem Chabang port
An unknown amount of radioactive waste has been detected inside an export container at the Laem Chabang Deep Seaport, just north of Pattaya, Chon Buri. The port’s deputy director, Vice Admiral Yutthana Mokkhao, says the waste is being kept in the safety zone at the port which is equipped to handle radioactive situation and it is being handled by officials…
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Thailand’s first Apple store opens along the Chao Phraya at the new Iconsiam
The new Iconsiam building is open along the banks of the Chao Phraya along with a stunning new Apple Store, the first in Thailand. One of the features of the new store is the play on the Apple logo which makes it look like a letter of the Thai alphabet, a first such departure for the usually rigorous Apple style-sheet.…
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Meliá Hotels International signs up Meliá Phuket Karon
Meliá Hotels International, a leading Spanish hotel company, has announced the signing of Meliá Phuket Karon, the second property in Thailand, followed by Meliá Phuket Mai Khao. Meliá Phuket Karon will be the group’s sixth property in Thailand, continuing their dedication in providing exceptional hospitality with a Spanish touch, to the island’s thriving accommodation market. Scheduled to open in 2021,…
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Central Group set to open new lifestyle mall in Cherng Talay
RENDERINGS: From Phuketify website Cherng Talay has become the new ‘go to’ area with an exciting array of new retail and entertainment options opening up at the end of this year and into next year. Including this one… A new lifestyle shopping mall is set to open by the end of 2019 in Cherng Talay, with Central Group investing a…
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Questions arise about costs of military helicopters
In the wake of the tragic crash of King Power supremo Vichai Srivaddhanaprabha’s personal helicopter last Saturday evening (UK time), an unintended story has emerged about the costs of the model of his helicopter, the same model used by the Royal Thai Army. Srisuwan Janya, a ‘transparency activist’, according to Khaosod English, has dug into the accounts books and found that…
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Chinese investment sets new records in property purchases
The demand for property, especially in Bangkok, continues unabated. Despite a drop off in absolute tourism numbers, enquiries from Chinese real estate buyers remains strong, setting new records. Not only are the Chinese the most frequent tourists to Thailand, they are the most enthusiastic property buyers, stetting a new record for Q3 this year. Number two in foreign investors into…
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Viral posts claim Tesco Lotus is laying off staff and closing stores
A rumor, stating that Tesco Lotus is laying off staff and closing 43 branches around Thailand has gone viral in social media. Matichon Online reported yesterday that social message is saying that… “Tesco Lotus lay off staff around the country. What will they do next and can other staffer handle the pressure.” (Translated) Some people have commented saying…. “…my branch…
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Technicalbiomed helping to turn Thailand into beauty hub
PHOTO: Warut Suttinan, MD of Technicalbiomed – The Nation “Technicalbiomed” plans to expand its market share in cosmetic surgery as well as in obstetrics and gynaecology segments by turning Thailand into an Asian hub for aesthetics and beauty. Warut Suttinan, managing director of Technicalbiomed, an importer and distributor of aesthetic medical devices in Thailand, said: “Thailand is now recognised as…
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