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 Do foreigners get free healthcare in Thailand?
Thailand’s healthcare system is well-regarded across Southeast Asia, with options ranging from public hospitals to world-class private facilities. But when it comes to foreign residents or tourists, healthcare access isn’t as straightforward. So, do foreigners get free healthcare in Thailand?...
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Locked in a construction worker camp in Bangkok – Thailand’s hidden Covid tragedy | VIDEO
Friso Poldervaart and Greg Lange, founders of the Bangkok Community Help Foundation, spoke to The Thaiger this week about the critical problems emerging in some of the worker and construction camps. Some 80,000 people – mostly Burmese, Cambodian and Thai workers – have been isolated in these shanty towns, basically imprisoned. They are guarded by Thai police and army. Some…
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Thailand’s airlines feeling the pinch with no government support
Asia Aviation, the largest shareholder in Thai AirAsia, says the latest partial lockdown threatens TAA’s financial status, with no government aid forthcoming. AA executive chairman Tassapon Bijleveld says the industry has been limping along without any help for over a year now and wants to know how the government expects to collect tax once large businesses collapse. In a Bangkok…
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Starting up your business in Thailand the easy way with True Digital Park
Sponsored Article Looking for guidance in starting a business in Thailand? Look no further than the TDPK Startup Booster Program. This one-of-a-kind startup package is tailor-made to help you kick start your business journey in SE Asia. Not yet in Thailand? Don’t worry as you don’t even need to be in the country to take advantage of this program. Wherever…
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Thailand international boat show coming to Phuket in 2022
Press Release Hit hard by the pandemic, Phuket is set to receive a boost in the new year when the Thailand International Boat Show will be held 6 – 9 of January 2022 at the award-winning Royal Phuket Marina. Targeting those with an interest in boating and luxury lifestyle, organisers also expect to welcome wealthy jet-setters from overseas on the…
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Calls for factories to be moved out of residential areas after blaze at plastics plant
The Federation of Thai Industries is calling on the government to move factories away from residential neighbourhoods, following the devastating blaze in Samut Prakan, outside Bangkok. According to a Bangkok Post report, FTI chairman Supant Mongkolsuthree suggests factory owners could be given incentives to relocate, such as a reduction in corporate income tax and land tax. “Factory relocation requires support…
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Take a trip through Thailand with Sixt Rent a Car
Sponsored article Searching for a car rental service in Thailand? Look no further than Sixt Rent a Car. Founded in 1912 in Germany with just 3 vehicles, Sixt has since evolved to become an industry leader in mobility. Today, they are the top car rental company in Thailand, Germany, and Austria (and more), due to their strength in customer focus…
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Bangkok sex workers and bar staff call for monthly cash handouts
High heels were lined up on the ground and underwear was tied to a gate outside the Government House in Bangkok this morning as the city’s sex workers and other bar and nightlife staff called for monthly cash handouts. Covid-19 restrictions shut down bars and nightclubs, leaving many out of work for months. Only a group of around 20 gathered,…
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Open Pattaya’s bars! Business owners protest bans on city bars and clubs | VIDEO
The situation for many of Pattaya’s clubs and bars, the cornerstone of the city’s economy, is dire. One of the most prolific bar owners is Bryan Flowers from Nightwish Group. He wants his staff to remain employed as he sees the city’s economy and workers suffer. He is also asking the media to stop publishing raw stats and numbers each…
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Pattaya bars plead for government help
Beer sellers of Pattaya are pleading with the government to let them open for foreign tourists. Also, to relax closure measures that apply to the entertainment businesses. Barring that, they ask for significant financial aid. The proprietors of beer-related businesses say they are suffering greatly due to the economic crisis. As per their statements to the associated press this week.…
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Large orange juice order leads to large “fine”
5 officials from the Excise Department are currently under investigation for allegedly asking for a 12,000 baht “fine” from a shop proprietor who had filled a substantial order for orange juice. The officials had been working in Bangkok at the time of their orange juice related fine giving. The 5 Excise officials have since been transferred to a different office…
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Thai amulets come to blockchain, blessed by grandmaster of spells and charms
Thailand is introducing Thai amulets on the blockchain. Crypto Amulets are selling Amulet non-fungible tokens (i.e., NFTs). However, unlike other NFTS, this crypto has been blessed by a grand master monk of spells and charms. The monk is LP Heng and the company’s website that sells Crypto Amulets touts the monk for his mystical powers. The company, Crypto Amulets, praises…
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New online entry packages offered by AXA to welcome in tourists
PRESS RELEASE Tadoo, Thailand’s up-and-coming insurance, and finance comparison platform have announced a partnership with AXA, one of the world’s largest and most trusted insurance providers. One of the highlighted standout products from the new partnership is the Entry package to Thailand during covid-19, comprising of the Covid-19 Insurance Certificate and Covid-19 Travel Insurance. The Entry Package to Thailand is…
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Thailand’s quarantine hotels consider move to hybrid model
Hotels currently operating as alternative state quarantine facilities are considering moving to a hybrid model, as bookings drop ahead of Phuket’s re-opening. ASQ hotels say reduced demand means they may adopt a model whereby they accept both quarantining guests and regular guests from the second half of the year. Prin Pathanatham from the ASQ-ALQ Club Thailand says bookings have started…
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Another 700 7-Eleven stores to open across Thailand
The operator of the 7-Eleven chain of convenience stores has confirmed it will open another 700 shops in the Kingdom this year. According to a Bangkok Post report this morning, CP All plans to spend between 11.5 and 12 billion baht on expansion in 2021. The company has opened 155 new 7-Eleven stores so far this year, meaning there were…
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Thai Brewers Association asks for reprieve from alcohol ban
Yesterday, the Thai Brewers Association delivered a petition to the CCSA and the Bangkok Metropolitan Administration asking them to reverse the ban of alcohol sales in restaurants, bars as the ban has been harmful to their businesses and they have not been given any other options. The statement reads: The Thai Brewers Association truly understands the goodwill and purpose of…
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Thousands of restaurants could close due to Covid restrictions, many others struggling
Thailands newest wave of Covid, as well as the most virulent, and the lockdowns and restrictions because of it, is set to ruin hundreds of restaurants. One restaurant owner, 79 year old Kamol Trisitthichet, who owns Arlek Ratchawongse, spoke to Thai media about his ongoing struggles. He says that his business has lost 500,000 baht since the pandemic started. Further, despite…
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No government bailout for Thai Airways
A final meeting for a vote on the Thai Airways debt restructure program is set for this Wednesday after being postponed last week. Meanwhile, a source close to those managing Thai Airways’ debt rehab plan, says the state is not obliged to provide a bailout for the national carrier. The Bangkok Post reports that Chansin Treenuchagron, acting president for Thai…
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Thailand’s airlines call for meeting with PM to discuss soft loans
The Thai Airlines Association says 7 member airlines are pushing for a meeting with PM Prayut Chan-o-cha to discuss the option of soft loans. The carriers have been seeking this financial aid for some time and have even decreased the amount being asked for, from 24 billion baht last year to 14 billion now. The Bangkok Post reports that representatives…
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Thai Airways debt restructuring vote pushed back to next week
The vote on Thai Airways International’s debt restructuring plan has been postponed and rescheduled for next week. The national airline needs the plan to be approved by more than 50% of creditors to move forward with the bankruptcy proceedings. The airline’s total liabilities stack up more than 300 billion baht. With flight suspensions over the past year brought on by…
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Thai Airways’ creditors to vote on rehab plan today
Today is D-Day for Thai Airways, with 13,000 creditors voting on whether or not to accept the struggling airline’s rehabilitation plan. According to a Bangkok Post report, a source at the airline has warned that should creditors reject the plan, the carrier will be declared bankrupt and they would only receive 12.9% of what they’re owed. In the event of…
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Thailand jumps on the electric bandwagon, aims to become EV production hub
The Thai government has ambitious plans to turn the Kingdom into a Southeast Asian hub for the manufacture of electric vehicles. Nikkei Asia reports that big companies in Thailand are preparing to invest substantially in the greener mode of transport, after the National Electric Vehicle Policy Committee suggested a new manufacturing target could mean half of Thailand’s auto-production is made…
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Pfizer sees 45% increase in net income and revenue, as critics point to disparity in global vaccine availability
After seeing a 45% increase in net income from last year, Pfizer, the pharmaceutical giant, is largely increasing its projected profits for this year. And, the increase is undoubtedly due to the high amount of Covid-19 vaccine sales, in which the company says is shaping up to provide a “durable” revenue stream. The company says this year’s first quarter profits…
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What will be the most expensive real estate on MONOPOLY: Phuket Edition?
Phromthep Cape… Phuket Old Town… Patong Beach… These are just a few of the landmarks in Phuket that have now been short-listed since it was announced that Phuket will be getting its own edition of MONOPOLY. The top squares of the the locally-themed game board will soon be handed over to Phuket’s most prominent places. With so much around Phuket…
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Sriracha Tiger Zoo in Chon Buri closes its doors forever
One of Thailand’s most popular and visited Tiger zoos has announced that it’s closing its doors, permanently. Sriracha Tiger Zoo, a Chon Buri tourist magnet, located in Nong Kham, was in operation for 24 years. Wasan Temsiriphong, the MD of the Sriracha Tiger Zoo operation said that they will meet with employees on Monday to discuss termination payments and the…
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More closures in Bangkok, in force now
It’s not a formal lockdown, but it may as well be, with newly announced closures from the Bangkok Metropolitan Authority. From Monday, April 26, a lot more services, public spaces and businesses around Bangkok are now closed. Additionally events will be limited to just 20 people, down from the former limitation of 50 people. Face mask-wearing will be enforced with…
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Thai PM under pressure to go “full lockdown” as infections surge
With many more businesses being told to pull down their shutters in Bangkok from midnight tonight, there are now calls to just go the next step and impose a full lockdown as the infection numbers keep mounting up. With the additional 31 types of business closed, on top of the current restrictions in Bangkok, the BMA has all but imposed…
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Shopping centres, supermarkets and convenience stores to close an hour earlier in Red Zones
With the rising reported cases in Thailand, The Thai Retailers Association and Thai Shopping Centre Association has adjusted closing times for shopping centres, supermarkets and your local convenience stores. The situation applies for red zone provinces only at this stage. The new closing times will operate until at least May 2. • Shopping centres will close at 8pm • Supermarkets…
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Top 10 most useful apps in Thailand for expats and tourists
Apps have changed the way we do a lot of daily, ordinary, tasks. Living in Thailand ,we have bench tested a range of apps and decided on the Top 10 most useful apps currently available, most of them are free, or have a free version. So many previously complicated or time-consuming tasks are now so much simpler, and sitting in…
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The Thaiger joins forces with Masii to bring you hassle-free Thailand re-entry packages and much more
PRESS RELEASE The Thiager and its sister company Tadoo, have announced they will enter a strategic partnership with the Bangkok-based fintech company, Masii. Having joined forces with Masii, The Thaiger aims to provide its 6 million-plus monthly users with exclusive deals and packages such as the Thailand re-entry package, comprising of the Certificate of Entry (COE), Covid-19 Travel Insurance and…
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Aviation authority calling for 20,000 vaccine doses for crew, ground staff
The Civil Aviation Authority of Thailand is calling for vaccine doses to protect around 20,000 airline crew and ground staff before the country re-opens to international tourists. The CAAT says it’s vital that those working in the aviation industry are protected and has submitted its request to the Centre for Covid-19 Situation Administration. According to Suthipong Kongpool from the CAAT,…
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