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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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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Thai Airways doubles up on 2017 losses
Thai Airways has doubled up on losses for the past three months (Q3), compared to the same period last year. They’ve reported an operating loss of 3.69 billion baht, up 103% year-on-year. The total revenue was actually up 2.2%, according to a statement from the Thai Airways president, Sumeth Damrongchaitham, but the operating costs were up 1.87 billion baht, compared…
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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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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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Thai Airways apologises for the Zurich-Bangkok stuff up
Thai Airways is promising disciplinary action after an investigation found both the flight captain and the station manager based in Zurich had acted ‘unethically’ in the delayed Zurich-Bangkok flight earlier this month. The Thai Airways president Sumeth Damrongchaitham has apologised for the incident stating the investigation showed that the problems happened due to lack of coordination between the flight captain…
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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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Hackers get into the Cathay Pacific database
Cathay Pacific says they’ve uncovered a data breach where the personal information of more than 9 million passengers could have been stolen. Cathay Pacific has clarified that a wide range of data, including passenger names, dates-of-birth, phone numbers, email contacts and passport numbers, was potentially exposed in a hack of its information systems earlier this year. In a statement the Hong…
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Apple’s first Thailand store opens November 10
We’re ready for the screams of excitement or the howls of derision. But for the fans… Apple’s first store in Thailand is scheduled to open on November 10 at Iconsiam in Bangkok. Apple Thailand has confirmed the date in a statement today. The company said the riverside store could provide inspirations for a lot of people to learn about technology. Apart…
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Panama’s VP backs the Thailand Kra Canal project
PHOTO: Panama’s Vice President Isabel de Saint Malo de Alvarado – The Nation The long-running discussions about a canal, linking the Andaman Sea and the Gulf of Thailand, aka The Kra Canal, has come up again with a visit from Panama’s Vice President. The Panama Canal changed world shipping when it linked the Pacific and Atlantic oceans when it was…
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“Customer is King” – Thai Airways union attacks first class pilots
The Thai Airways International worker’s union has attacked two pilots for demanding first-class seats from passengers in a standoff drama that delayed an October 11 Zurich-Bangkok flight by two hours even as airline executives vowed to reform the national carrier. Airways executives pledged to nurture a “Customer is King” culture, pledging to use the controversy as an opportunity to revamp…
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Pattaya’s hotel performance rebounds as EEC drives positive market sentiment
Domestic tourism growth outshines Mainland China and Russia source business Thailand’s second largest tourism market, Pattaya has pushed through the glass ceiling from the volatility hangover of the 2014 era, with its hotel sector now showing strong signs of rising stability. According to the latest available data, strong demand from the Thai domestic sector accounted for 38% of hotel guests…
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Breakfast in Rome. Dinner in Bangkok.
Air Italy has touched down in Bangkok for the first time as it launches four weekly services into the Big Mango. The company intends to increase services to five weekly by the end of October. Bangkok is Air Italy’s third new international route launched this summer following launches in New York and Miami. It’s the airlines’ first route in Asia. The…
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Bangkok and Phuket on the list of the World’s ‘Top City For Visitor Spending’
According to Mastercard’s annual Destination Cities Index, Bangkok has earned the position as the world’s most visited tourist destination once again in 2017. Phuket also got into the Top 10 list of tourist money magnets. The Thai capital attracted over 20 million visitors over the past year, more than both London (19.83 million) and Paris (17.44 million). But despite scoring…
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Airbnb partners with Thailand Boutique Accommodation Trade Association
PHOTO: Mike Orgill, Airbnb Country Manager for Southeast Asia (left) and Suparerk Soorangura, President of TBAA and Advisor to the Thai Travel Agents Association (right) signing the MoU. Airbnb, the world’s leading community-driven hospitality company has announced its industry-first partnership with the Thailand Boutique Accommodation Trade Association (TBAA) to promote creative, people-powered Thai hospitality. Through the partnership, Airbnb and the TBAA…
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Exports rise nearly 7% in August, the highest this year
Thai exports have gown at 6.68% to US$23.8 billion during the month of August, the highest gain so far this year. The announcement from Ms Pimchanok Wornkhorporn, director of Trade Policy and Strategy Office of the Commerce Ministry. Exports for the first eight months of this year rose 10.03% and, for the rest of 2018, are expected to grow 8…
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Phuket now has a world class shopping hub
by Tim Newton The population of Thailand is around 70 million people. I think most of them were at the opening night of the new Central Floresta on September 10. As far as openings go this must have put a smile on the Central owners and management involved in bringing this new shopping experience to fruition – it was a…
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Habitat Group launch Walden Sukhumvit 39
ADVERTISEMENT Following the success of Walden Asoke launched in March this year, and now 90% sold, the Habitat Group is launching its second city centre luxury low rise condominium under the Walden brand – Walden Sukhumvit 39. Developed under the concept of “Low Rise, High Living”, the 950 million baht development embraces nature in its design. With end-users and investors…
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Bangkok’s MRT given the green light to run Phuket and Chiang Mai light rails
Bangkok’s subway operator. the MRTA (Mass Rapid Transit Authority) has been given the green light to invest in the proposed Phuket/Phang Nga and Chiang Mai light rail services. The MRT is also going to run the service when the services are eventually constructed. The cabinet has approved some of the basic details of the project that will give the MRTA…
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The new Central Floresta is open
10.40am Monday, September 10, 2018. The new, highly-anticipated (by locals) Central Foresta opens it doors for the first time. Opposite the ‘old’ Central Festival, located at the Darasamuth Intersection, the new Central Floresta creates a ‘central’ shopping destination for the island to match anything in Thailand. The new Central Floresta combines the highest-end luxury brands with Peranakan-themed food halls, floating…
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A Mandarin for Phuket
PHOTO: The Mandarin Hotel Sanya Island One of Asia, and the globes, leading luxury hotel brands, Mandarin Oriental has inked a deal for a Phuket property. Mandarin Oriental, Phuket will be located on one of the undeveloped beachfront sites still to be found on ‘Millionaire’s Mile’ on the west coast of Phuket island. It will occupy 9.5 hectares of land in…
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Phuket has Golden future for its sister city
by Chongchit Buchanan Australia’s Gold Coast city and Phuket will sign a letter of intent to establish themselves as sister cities tomorrow (September 10). The intent of the agreement is to explore a stronger relationship between the two municipalities and create international business opportunities. Gold Coast Mayor Tom Tate will travel to Phuket to sign the agreement with his Phuket…
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Confidence levels in the Thai economy continue to rise
Consumer confidence in Thailand is riding high. In fact it’s at its highest level in over 5 years. A growing economy and better prices for farm products is believed to be part of the continuing confidence. Regions in the country which have a high level of manufacturing or tourism are reaping the benefits of the growing economy. A survey by…
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Thailand emerging as a regional blockchain leader
While United States regulators are still trying to figure out how to think about cryptocurrencies, Thailand’s government is already mapping out its own central bank digital currency. Tech Crunch says this is just one of numerous examples how Thailand has emerged as one the most interesting cryptocurrency and blockchain countries in Southeast Asia during 2018. The Thai government has become increasingly…
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Pattaya attracting major government and international brand investment
As part of Pattaya’s make-over to attract high-scale tourism back to the popular seaside city, some of the biggest names in local and international leisure, retail and sport are putting their money down to invest in the region’s future. And the Thai government is investing heavily too as part of its commitment to rebrand the area and bring it up…
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Goodbye e-commerce, hello ‘new retail’
PHOTOS: Alibaba Group Our lifestyles are quickly evolving as the digital age kills off the ‘old’ and the ‘new’ inexorably creeps in to our daily life. Goodby Kodak and Polaroid – hello smartphone cameras and Facebook. Goodbye newspapers – hello instant news websites, blogs and live-streaming. The same is happening to retail as the shopfront moves to websites and screens…
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Former Thai actor arrested over Bitcoin scam
A once-popular actor has been charged with convincing foreigners to transfer to him more than 5,500 bitcoins as an investment. (5,500 Bitcoin are worth around 210,000 baht or US$6,300 each as of today) Police picked up 27 year old Jiratphisit Jarawitchit today at midday at a shopping mall in Bangkok’s Chatuchak district. The Criminal Court issued arrest warrants for him…
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Invacio Research Analytics: Pushing the boundaries of artificial intelligence and embracing cryptocurrencies
Newly established in Phuket, Invacio Research Analytics, a group subsidiary of Invacio founded by William J D West and led by Linleeya West (Thai/Swiss educated), are bringing Artificial Intelligence to Thailand and also bridging the gap between established currencies and the emerging world of cryptocurrencies. Through a sister subsidiary company, Invacio AAP Holdings (Seychelles), under the Invacio umbrella are all…
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Thavorn Hotels & Resorts receives Thailand MICE Venue Standard Award
Thavorn Hotels & Resorts is proud to announce its certification of Thailand MICE Venue Standard (TMVS) by Thailand Convention and Exhibition Bureau (TCEB). The certification assesses venues in three key areas – physical, technological, and service requirements. Certified venues appear on an Approved List and are publicised worldwide as venues that meet international standards. MICE – Meetings, Incentives, Conferences and…
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