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 Why traders in Thailand are choosing EC Markets for gold and forex trading
Gold and forex trading have long been favourites among investors in Thailand, but why are so many traders now turning to EC Markets? The answer lies in a combination of tight spreads, ultra-fast execution, Thai baht (THB) deposit support, and...
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Thailand’s MICE industry continues to flourish
Thailand’s resurgence in the Meetings, Incentives, Conferences, and Exhibitions (MICE) tourism industry continues to flourish with over 100,000 gatherings recorded this year. The Thailand Convention and Exhibition Bureau (TCEB) reported the nation catalogued about 69,000 arrivals of groups coming from abroad between April to June 2022. The TCEB estimate over 4,000 MICE arrivals this month and predict about 31,000 more…
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Yell signs a collaboration agreement with BACON Singapore and SOUNDS Shanghai
Press Release Yell, an independent agency, has partnered with Singapore’s Bacon Creative and China’s Shanghai Soundsplan Marketing & Planning to expand the organisation’s global reach through partnership creation. This enhances Yell’s ability to serve Asia-Pacific customers and transform into the first Thai agency with an international network. Dissara Udomdej, Yell’s founder and CEO, said, “Yell has developed a more entity…
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Thai Airways sells five Airbus A340s stored away for 13 years
Thai Airways (THAI) has found a buyer for five dusty Airbus A340s which have gone unused for 13 years. Thailand’s flag carrier has sold one A340-500 and four A340-600 planes for a total of 350 million baht. The transaction is sure to help THAI on its road to financial recovery since the Bankruptcy Court approved a debt restructuring plan for…
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Marketing in Thailand as a Foreigner: Volume #1 The Legend Thai Ads
Sometimes, It’s Okay to Wear Socks and Sandals. Matching socks and sandals is a universal fashion faux pas, but it is more severe in Thailand. They keep you warm and cold-free during winter, but we never merge them with sandals or flip-flops because it is confusing when you live in a country where the equator is only 15 degrees below.…
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Importance of trading only with regulated brokers
Investing boils down to making decisions. Good decisions can bring rewards in the form of profits, whereas bad decisions can be very risky and lead to losses. For every investor that wants to trade financial assets online, choosing a brokerage company is one of the first decisions that has to be made. Brokers provide a gateway to the world of…
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Opposition to foreign land ownership in Thailand
The government scheme to allow foreigners to buy one rai of land may have been met by enthusiasm in the expat community but not everyone has welcomed the idea. The Interior Ministry’s proposal to allow foreigners to own a bit of land if they invest 40 million baht is seen by many as a short-term fix to the kingdom’s economy…
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How can young drivers reduce their car insurance premiums?
SPONSORED Being a young driver is an incredibly exciting time. It’s a coming of age where you score one of your biggest achievements to date and gain a whole new level of freedom and flexibility. Of course, as exciting and life-altering as it is, one thing that can put a new driver off of the experience, is the fact that…
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Thai anti-corruption body names names over Thai Airways Rolls Royce engine scandal
Part of the debacle Thai Airways finds itself in now harks back to poor decisions made 30 years ago with some “expensive” aircraft engine purchases. Since then there have been numerous investigations and serious charges levelled against Rolls Royce over payments made to Thai Airways personnel. Rolls Royce has since settled over the case following an investigation by the British…
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Wealth decreasing among top 50 richest in Thailand
While the wealth of the 50 richest people in Thailand has fallen nearly 6% to a collective US$151 billion, Forbes Asia has announced at the top 10 richest people in the country remain in mostly the same ranking. Charoen Pokphand Group’s Chiaravanont brothers saw their wealth decrease by nearly US$3.7 billion this year but still remain the richest in Thailand…
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Thai hospitality sector opposes dual accommodation pricing
Many hotels have voiced their opinions over the government’s proposal to adopt dual pricing in the hospitality industry. They described the plan as “impractical” and asked that the government come up with promotions and campaigns to boost tourism instead. A government spokeswoman said yesterday that hotels would be expected to adopt a dual pricing system where Thais would continue to…
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Thai PM promises to accelerate Thailand’s electric vehicle future
The Thai PM wants to cement Thailand’s reputation as the biggest SE Asian hub for car manufacturing, and electric cars too. Currently Thailand is the world’s 10th largest manufacturer of vehicles (OICA 2021). Some of the world’s leading automobile manufacturers – Honda, Toyota, Mitsubishi, Nissan, Suzuki, Mazda, Mercedes Benz, Ford, Volvo and BMW – have manufacturing plants in Thailand. Last…
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Thai Airways has sold 11 of its old aircraft, 26 to go
Thai Airways has managed to sell the first 11 aircraft out of a total of 37 it has put up for sale as part of its bankruptcy recovery program. The airline’s acting president, Chansin Treenuchagron, ay Thailand’s transport minister has permitted Thai Airways to sell 1 older Boeing 737-400 plane and 10 Boeing 747-400 ‘Jumbo’ jets. Thai Airways had found…
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Phuket’s Central Patong shopping mall plans reopening and recruitment drive
Central Patong shopping mall in Phuket is launching a large-scale recruitment drive on the back of plans to reopen after a year of closure due to the pandemic. Central Department Store, the managers of the shopping centre, informed stores in the Central Patong shopping mall of the temporary closure on February 1 last year. But on Saturday, the Thai department…
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UPDATE: Fraudulent Japanese restaurant owner denied bail
UPDATE: Fraudulent Japanese restaurant owner denied bail The court denied the owner of Daruma Sushi’s request for bail this afternoon after he was arrested by police at Suvarnabhumi Airport yesterday. Police say “Metha” has caused millions of baht in damages and has countless allegations against him. The 39 year old owner of Daruma Sushi – Metha Chalingsook – got into…
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UPDATE: Police arrest fraudulent Japanese restaurant owner at Suvarnabhumi Airport
UPDATE: Police arrest fraudulent Japanese restaurant owner at Suvarnabhumi Airport Today, Thailand’s Central Investigation Bureau arrested the fraudulent owner of Daruma Sushi, a famous Japanese restaurant chain, at Suvarnabhumi Airport. “Metha” returned to Thailand today having fled to Dubai in the UAE on June 16, after he received over 500 complaints from unhappy customers and staff. Police said Metha caused…
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Flip a coin – bumpy ride for the crypto-faithful
The following is a news opinion and NOT financial advice. If you’re into trading or investing in cryptocurrencies you already know it’s been a rocky ride. Just one roller coaster crypto-ride – Bitcoin – stands out since it hit a peak on November 8 last year. And has tanked 70% of its perceived value since. Today the online crypto-gurus are…
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Thailand offers 5-year income tax exemption for foreign actors
The cabinet approved a 5-year personal income tax exemption for foreign film stars who earn income from foreign movies shot in Thailand. The government revealed they wanted to attract more film crews and expected the movie industry to generate about 17.5 billion baht over those 5 years. The PM’s Deputy Spokesperson, Ratchada Thanadirek, says that the government wants to encourage…
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Japanese restaurant owner makes slippery getaway
The owner of a popular Japanese buffet restaurant, Daruma Sushi, made a slippery getaway from Thailand last week leaving a trail of chaos behind and complaints from over 500 people. A number of those people had lodged fraudulent complaints against the owner with the police and the consumer protection agency. The owner disappeared a day before he closed all 27…
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Minimum Thai wage up to 650 baht for 16 careers
The Thai Royal Gazette has now officially announced the increase of the minimum Thai wage for workers in 16 careers, focusing on workers in construction, service and industrial industries. The wage is increased up to 650 baht per day from the former rate of about 313 – 336 baht per day. The policy was launched on June 10 and would…
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Thai nightlife midnight closing time under pressure this week
The current ‘official’ closing time for nightlife venues, in 31 provinces around Thailand (yellow and blue zones), is midnight. That all kicked in at the start of this month. But, hey, it’s Thailand and there’s also been plenty of venues, particularly in the tourist zones, where the midnight close time has been stretched a bit. But some netizens have noticed…
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Meta downgrades commitment to Facebook News service, tech giants don’t want to pay for News
Meta, aka Facebook, are looking to review commitments to pay publishers for their news articles. The payments, said to be 100s of million US$ a year to mostly larger news publishers, have shown little return to the Facebook platform or gained them many extra users. Some of the larger publishers, both in the US and elsewhere, are going to have…
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Central Pattana’s 10 billion baht investment in 37 new hotels
Central Pattana is launching 37 hotels in 27 provinces in Thailand with 4,000 rooms, valued at a total of 10 billion baht, under the Centara Hotels and Resorts brand. The kingdom’s largest retail property development and investment company aims to hire about 3,900 people across the country in the process. The company will focus primarily on second-tier locations, as it…
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Energy crisis will continue for 2 years says Bangkok Bank VP
The Russia-Ukraine conflict continues to be a political football as energy prices rise throughout the world. Russia is the world’s second highest exporter of crude oil after Saudi Arabia and accounts for around 10% of global petroleum production. International Energy Agency figures for December 2021 reveal the former Soviet state’s oil exports were 7.8 million barrels a day. But since…
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Thailand will not starve, says Commerce Minister
Deputy PM, and Commerce Minister, Jurin Laksanawisit, yesterday moved to ease fears of food shortages in Thailand on the back of recent protectionism measures introduced by neighbouring countries, export bans, and the ongoing Russia-Ukraine conflict threatening to worsen world food supplies. Jurin declared Thailand has an “abundance of food” produce and there will be no shortages despite the recent embargos.…
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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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Thai airlines say recovery being held up by high fuel prices
The head of commercial operations at Thai Lion Air says high oil prices continue to hinder recovery in the aviation sector. Nuntaporn Komonsittivate says that, while tourism is slowly improving since the easing of entry restrictions, airlines are still struggling. “The airline business has grappled with the pandemic for more than 2 years. Oil prices account for 30% of operational…
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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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