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 Thinking of retiring in Thailand long-term? Here’s your health checklist before the move
Thinking of retiring in Thailand long-term? Thailand is a popular choice for retirees because of its beautiful landscapes, warm climate, and affordable living. Cities like Chiang Mai and coastal areas offer a relaxed lifestyle with friendly communities. The country also...
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Pattaya Beach, fly over the pristine but horrifyingly empty beaches | VIDEO
The Thailand Discovery YouTube channel has captured an empty Pattaya beach front for the first month of 2021. The first month of any year would usually be one of the busiest months of the year and the beaches should be heaving with tourists in the post Christmas/New Year break and the lead up to the Chinese New Year travel burst.…
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Re-openings and easing of restrictions in Chon Buri, effective Monday, February 1
Re-open for business, sort of. Chon Buri province’s PR department has released its latest list of orders which will come into force on Monday. It follows the CCSA changing the Chon Buri provinces Red Zone classification into an Orange Zone. More about the latest provincial zones and restrictions HERE. The hard-hit bar and entertainment scene in Pattaya will be breathing…
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Taxi and transport drivers calling for help from the Thai government
Unions of Thai Taxi workers and Thai automobile drivers have handed over an official request to a government labour committee to file a request to the government seeking financial support. Thai Taxi workers passed over their requests to Suthep Yoo-on, the chairman of the Labour Committee officially seeking industry support. Just about all sectors of the country’s transport infrastructure have…
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Taxis and tuk tuks ask Thai government for help
Unions of Thai Taxi workers and Thai automobile drivers have handed over an official request to a government labour committee to file a request to the government seeking financial support. Thai Taxi workers passed over their requests to Suthep Yoo-on, the chairman of the Labour Committee officially seeking industry support. Just about all sectors of the country’s transport infrastructure have…
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Phuket eases restrictions, bars back to late-night hours
Things are getting back to normal in Phuket. The provincial government eased disease control restrictions, allowing restaurants, bars and entertainment venues to go back to their normal operating hours – no more midnight closure order – and lifting the late-night alcohol ban. While bars can now stay open late and serve alcohol after midnight, dancing is prohibited and venues cannot…
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Massage workers in Pattaya call for reopening of spas and massages shops
A group of about 50 workers from Pattaya massage shops and spas gathered together to call for the reopening of their businesses after being closed for the past month due to Covid-19 restrictions. The group called themselves the “Pattaya Health Massage” presented a letter signed by 60 massage shops, spas and gyms to Bang Lamung District Sheriff this morning. Chon…
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The ‘office’ is SO last century. Say hello to the world of remote working.
Do you work from home? Or can you work anywhere have a laptop and wi-fi? Are you a trader or selling stuff online? You’re part of a growing trend in modern work practices as the fancy city office becomes an expensive relic of the ‘old normal’. 2020 became the year of people working from home. In same case, it was…
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Chatuchak market is in worst crisis in 5 decades due to Covid-19, vendors say
Chatuchak Weekend Market, Bangkok’s biggest market and a popular tourist destination, is hit hard by the new wave of Covid-19. With the lack of foreign tourists due to travel restrictions over the past year, as well as more locals staying at home despite the market’s strict disease control measures, the number of visitors at the market has dropped by 90%.…
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34.7% of Thai tourist businesses closed down
“When the tourists start coming back it will be a very different holiday experience for them. Will it ever get back to the numbers before Covid? Never.” A Tourism Authority of Thailand survey, conducted between January 10 – 12, indicates that more than a third of the country’s tourism-related businesses has already shut up shop and gone out of business.…
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Government is to allow people to use “legal” parts of cannabis in business
With intentions to promote cannabis as the country’s potential new cash crop, the government is preparing guideline to allow people to produce, sell or own cannabis and hemp. The permitted businesses, including textile, pharmaceutical, and cosmetics will be able to register to receive FDA permissions from January 29. According to the FDA secretary-general, leaves, stalks, stems, roots, flowers, and seeds…
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Future of Thai department stores is being redefined
While department stores have been a familiar destination for Thai people for many decades, CBRE, an international property consultant, is witnessing a decline in popularity and stunted growth, particularly in 2020 when Covid-19 adversely impacted the sector. CBRE believes that to adapt to e-commerce disruption and the changing consumer behaviour, department stores in 2021 (and beyond) will have to fine-tune…
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US jobs market stumbles back into decline
The labour market for the world’s largest economy is heading back into reverse mode after slowly chugging back into gear over the past 8 months, following the March stock crash and initial impacts of the US state lockdown measures.. The December report was the first drop since April figures, providing the strongest evidence of the impact of the huge number…
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Thai Air Asia says new Covid outbreak has destroyed business
The executive chairman of Asia Aviation, the largest shareholder in Thai Air Asia, says the Covid-19 resurgence has “destroyed the low-cost carrier”. Tassapon Bijleveld says that, even without a national lockdown, bookings have plummeted. “Travel sentiment has plunged lower than last year. This is different this time because people are voluntarily skipping their travel plans even without a nationwide lockdown…
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Thai Airways delays take off in 2021 | VIDEO
Due to the current outbreak of Covid-19, Thai Airways, Thailand’s flagship airline, is reducing its international flight schedule until at least March 27. A limited schedule of domestic flights are still operating as normal under the airline’s domestic carrier Thai Smile. Thai Airways will reduce international flights to the following destinations: Asia •Hong Kong: One daily return flight – TG638/TG639…
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Latest details of Covid restrictions and locations in Thailand | VIDEO
UPDATE: From tomorrow (Tuesday), restaurants will be required to close to in-dining customers, from 7pm to 6am. Restrictions are now in place, as of midnight last night, as the latest mitigations against Thailand’s Covid-19 outbreak. The outbreak, which kicked off on December 20 last year, has now reached most of Thailand’s provinces, some more affected than others, and that…
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Thai Restaurant Association asks PM not to restrict in-dining services
As the 4 day New Year long weekend comes to a close, there are a number of proposed restrictions looming as the CCSA battles to contain the latest outbreaks of cases, particularly in and around Bangkok and the nearby easter provinces. There is currently a proposal to restrict Bangkok’s restaurants to take away services only, as well as full travel…
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The case for temporarily closing hotel and restaurant operations
OPINION by Bill Barnett As the final days of disruptive 2020 come screeching to an erratic end, hotel, and restaurant owners are peering into an unpredictable year ahead. Here in Thailand over the past week, the tourism industry has been shaken to its core over an uptick in Covid-19 cases and backroom speculation over fears of another round of lockdowns. (Restrictions,…
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Thai government plans to amend business, immigration rules, for foreign investors
Foreign investors in Thailand have long decried the onerous, complex, and sometimes downright baffling, bureaucracy that comes with doing business in the Land of Smiles. And it appears officials in Bangkok are finally sitting up and taking notice. Nation Thailand reports that, in an effort to stimulate the ailing economy, the government plans to make some changes to the regulations…
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Something fishy about the Samut Sakhon Covid outbreak – who’s responsible?
Here are 2 resources for the above story… https://thethaiger.com/news/national/… http://www.rapid-asia.com/blog/forced… Until the weekend many people would have never heard of Samut Sakhon, a province just south west of Greater Bangkok and sharing a provincial border with the capital. The province is best known as a major hub for Thailand’s shrimp and fishing industry, packed with markets around the coastal tributaries…
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Bangkok’s commercial property market struggles through 2020
This year Thailand’s developers had to work around the effects of government lockdowns and restrictions because of the Covid-19 pandemic. Indeed significant changes have occurred to the commercial property market in Thailand. CBRE Research reports that the Bangkok office market suffered a significant change in the net up-take, whilst the retail market consumer confidence index fell and the hotel market…
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How to buy gold in Thailand – from bracelets to baht
Jett Gunther visits Bangkok’s Chinatown and discusses why you should buy gold in Thailand, and how. Bangkok is home to one of the largest Chinatowns in the world, and the Chinese love gold! Not only is gold highly regarded as a sacred metal, gold has held its value for thousands of years! In the past 20 years alone, the price…
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Starting a Business In Southeast Asia
Southeast Asia is potentially one of the most exciting places to begin a business, due to its young population, wide variety of skills sets within that population, such as those learned on an online MBA degree, as well as how quickly various economies within the region are growing. Places like Thailand, Vietnam and Malaysia are becoming not just Asian, but…
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What has the pandemic taught hotels about luxury. Is ‘less’ more?
by Anthony Lark “Let’s say goodbye to all that stale pretence and manufactured pomp” Until the collective nightmare that was 2020, many of the so-called high-end hotels had a reputation for trying to convince guests to pay for often dingy guestrooms lacking any real views inside an otherwise ornate structure with a storied, celebrated past, where the first impression was…
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Thai Airways to resume flights from Bangkok to Chiang Mai and Phuket
After nearly 9 months on the ground due to the coronavirus pandemic, along with problems balancing their accounts, Thai Airways will resume flights between Bangkok and Chiang Mai as well as Bangkok and Phuket later this month. The flights will start back up on Christmas day. Flights from Bangkok to the 2 key tourist provinces have been grounded since April…
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Suvarnabhumi expansion being reviewed in line with “new normal” expectations
The 44 billion baht northern expansion of Bangkok’s Suvarnabhumi airport is being revised, to meet “new normal” requirements, according to Airports of Thailand. AOT president, Nitinai Sirismatthakarn, says the process will take 1 or 2 months to complete. Nation Thailand reports that the airport’s new northern terminal will have the capacity to handle 30 million passengers a year, with Nitinai…
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Pandemic has washed away Pattaya’s “soapy” massage parlours
While the Covid pandemic has hit Thailand’s businesses hard, it has also washed away its not-so-legal soapy massage parlours after tourism has dried up its clientele. Such places, known as glorified brothels, have left many masseuses out of work as boards have barricaded the once booming establishments. Soapy Massage (àap-òp-nûat, อาบอบนวด, literally bath, steam, massage)… These are the bigger massage parlours where…
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Bank of Thailand takes action to curb Thai baht’s strength
The Bank of Thailand has moved forward measures, originally meant to begin early 2021, but most of which will now take effect from end of this month. The end result is that the new rules will make it easier for Thais to shuffle money overseas and invest in foreign assets. It will also make is easier for Thai citizens to…
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Hotel investment group launches world’s first “green” hotel fund
Destination Capital, a hotel investment group in Bangkok, has announced that it will launch the world’s first ever “green” hotel fund. The fund will acquire hotels and implement sustainability systems and procedures to promote long term environmental and financial sustainability in investments using the EDGE certification programme. EDGE, an online platform, is an innovation of the International Finance Corporation, which…
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US grocers cut ties with Thai coconut milk company after PETA reveals monkey labour
Grocery stores throughout the United States are cutting ties with the Thai coconut milk company Chaokoh and other Thailand coconut product suppliers following an investigation by People for the Ethical Treatment of Animals (PETA) into the monkey labour at Thailand coconut farms. PETA Asia claims the Thai macaques are “snatched from the wild” and treated like “coconut picking machines.” Recently,…
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Thai Airways adds another 21.5 billion baht debt in Q3 report
Thai Airways has accumulated more losses, on top of a decade of annual losses, for the latest quarter. At the moment the national airline’s debt is four times higher than last year’s debt. The airline, already struggling, has been mostly grounded since the end of March. At the end of last week Thai Airways put 34 of its old planes…
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