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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Thai Airways anticipates strong fourth quarter with rising demand
Thai Airways (THAI) anticipates a robust fourth quarter, with a load factor exceeding 80%, driven by both international demand and Thai tourists favouring Asian destinations. China and Japan have consistently attracted travellers throughout the year. Kittiphong Sansomboon, THAI Chief Commercial Officer, said that a strong baht and the visa-free programme have increased Thai tourists visiting Asian locations. During peak travel…
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Bangkok hotels face crunch as occupancy rates tumble
Bangkok’s hotel industry is heading into a storm in the second half of this year, with falling occupancy rates, soaring competition and a sharp drop in Chinese arrivals casting a shadow over the capital’s hospitality market. A report by Knight Frank Chartered (Thailand) revealed that average occupancy slipped by 3.7% to 75.1% in the first half of this year, while…
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Thailand eyes VAT hike to boost tax revenue by 600 billion baht
Thailand’s government needs to increase tax revenue by 600 billion baht as current levels lag behind those of comparable economies, according to caretaker Finance Minister Pichai Chunhavajira. State tax revenue currently represents 15% of GDP, which is three percentage points lower than nations with similar economies. During the Fiscal Policy Office’s annual seminar themed Fiscal Transformation, Pichai noted that the…
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Nok Air ordered to halt international flights over safety
The Civil Aviation Authority of Thailand (CAAT) has directed Nok Air to pause its international flight operations and halt route expansion due to safety concerns. The airline, however, clarified that an issue with an aircraft engine has already been addressed by replacing it. Currently, Nok Air is not conducting international flights due to the low travel season. During peak times,…
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Vietjet turbocharges fleet with new Boeing jets and routes
Budget airline Vietjet Thailand is gearing up for a massive fleet expansion, rolling out new aircraft and routes in a bold bid to challenge rivals and scoop up millions more passengers. Chief Executive Woranate Laprabang confirmed the airline will acquire nine new Boeing 737-8 jets this year, moving towards a full Boeing fleet within five years. The switch will give…
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Trip.com touts AI future at Forbes Thailand forum
Adopting artificial intelligence (AI) and swiftly responding to consumer demand are crucial for success in the evolving travel sector, according to the online travel agent Trip.com. Trip.com Group Vice-President Edison Chen noted that a decade ago, the potential of AI to improve efficiency in customer service and itinerary planning was unforeseen. During his address at Forbes Thailand: The Next Tycoons…
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Hotel wars: Dusit Thani heir vows to block family power grab
Dusit Thani has been plunged into a bitter family feud, with its acting chairperson warning of an outsider takeover and vowing: “I will never abandon Dusit Thani.” Chanin Donavanik, acting chairperson of Dusit Thani Plc and a descendant of founder Thanpuying Chanut Piyaoui, broke his silence today, August 27, addressing a boardroom showdown with his two sisters, Sinee Thienprasiddhi and Sunong…
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Thailand eyes 5 million Malaysian tourists amid China competition
Malaysia’s tourist target for this year has been adjusted to 5 million, mirroring the figures from 2024, yet this market might achieve a similar number of arrivals as China, remaining unaffected by the border province conditions. Patsee Permvongsenee, the executive director for the ASEAN, South Asia, and South Pacific region at the Tourism Authority of Thailand (TAT), noted optimism for…
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Thailand’s retirement lottery launches with new payment options
Why just save for retirement when you can win your way there? Thailand’s new lottery is making it possible. Deputy Finance Minister Paopoom Rojanasakul has confirmed that sales for the highly anticipated retirement lottery will kick off in the fourth quarter of this year, offering weekly cash prizes while promoting long-term savings. Paopoom referred to the legal green light already…
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Cambodian labour exodus sparks robot rush in Thai factories
Thailand’s factories are facing a labour crunch, and robots may soon be clocking in. A drop in Cambodian workers due to a simmering territorial dispute has forced Thai manufacturers to hurry automation plans, according to the Federation of Thai Industries (FTI). The exodus of Cambodian labourers has hit sectors such as construction and agribusiness, where low-cost, manual labour is essential.…
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Thai hotel group sues over 400 baht wage hike challenge
The Thai Hotels Association (THA) is planning to file a lawsuit against the tripartite wage committee in the Administrative Court, aiming to challenge the 400 baht minimum wage increase, which it argues burdens hotels in secondary tourism areas. THA president Thienprasit Chaiyapatranun stated that the association’s committee has already agreed to proceed with the legal action, pending a consensus from…
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Thai interest rate cut fuels stock market surge
Thailand’s stock market has been handed a shot of adrenaline after the Bank of Thailand (BoT) slashed its policy rate by 25 basis points to 1.50%, a move analysts say could send the SET index surging to 1,370 points by the year’s end. Market watchers hailed the rate cut as the start of “a policy-led re-rating phase” that will redirect…
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Thailand launches world-first crypto tourist pay scheme
Thailand has thrown open the doors to a digital revolution in tourism, unveiling the world’s first system allowing foreign visitors to convert cryptocurrency into Thai baht for everyday purchases—from pad thai stalls to 7-Eleven counters. The pilot project, called TouristDigiPay, launched yesterday, August 18, under the watch of Deputy Prime Minister and Finance Minister Pichai Chunhavajira. Unlike crypto-payment models abroad,…
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Key strategies for successful gold trading in 2025
Gold trading for 2025 holds both opportunities and challenges for market participants. As one of the most actively traded commodities globally, the popularity of gold transcends its traditional role as a store of value. It has also been a highly reactive asset, responding to changes in the global economy, the actions of the central banks, geopolitical happenings, and sentiment among investors.…
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Thailand online platforms that blend fun, freedom, and functionality
Thailand is home to a growing array of online platforms that combine entertainment, convenience, and the freedom to access top-notch services from anywhere. Whether you’re looking for online gambling options, digital entertainment, or a way to engage with the latest trends, these platforms cater to diverse interests and needs. From sports betting to live casinos, and streaming services, the Thai…
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Thai court weighs foreign pilot hiring dispute
Thai airlines are not currently hiring foreign pilots for domestic routes, but that could change next year depending on a key court ruling. In March, the Thai Pilots Association filed legal action against the Ministry of Labour, seeking a temporary injunction to halt the use of foreign pilots on domestic services. The case stems from last year’s high tourism season,…
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Tough times hit Thai cinema as viewers cut back
Box office blues could be looming for Thai cinemas as cash-strapped moviegoers become pickier about what’s worth their ticket money. That’s the concern from top Thai studio GDH 559 Co Ltd Content Director Thodsapon Thiptinnakorn, who said the sluggish economy is making audiences more selective—possibly reducing their cinema visits from several times a month to just once. “Viewers may think…
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Chinese steel surge pressures Thai manufacturers
China’s continued surge in steel exports is putting growing pressure on Thai steelmakers, according to Tata Steel (Thailand), a subsidiary of India’s largest steel producer. In the first half of this year, China exported 58.2 million tonnes of steel, marking a 9.2% increase from the same period last year. Asia remained the largest recipient of these exports, with Thailand among…
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Trump teases new tariffs on drugs and chips
US President Donald Trump indicated yesterday that new tariffs on imported pharmaceuticals and semiconductors might be announced as early as next week as part of his ongoing efforts to reshape global trade. These comments were made during an interview with CNBC, occurring just days before another set of tariff increases is set to impact several economies later this week. The…
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Grab’s AI translator and big discounts woo Thailand’s expats
Grab Thailand is turning its attention to Thailand’s growing expat population — and it’s rolling out smart features and generous perks to win them over. With more than 5.3 million non-Thai residents now living in Thailand—an 8% jump since 2019—the company has seen delivery orders from expats skyrocket by over 50% in the past 12 months, signalling a major shift…
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Leisure apps compete for attention in the 15-minute media economy
We’re living in the age of “just one more episode,” “one more scroll,” and “just five more minutes.” Attention is sliced into fragments, and entertainment now competes not by the hour, but by the minute. Welcome to the 15-minute media economy — a world shaped by short breaks, background noise, and multitasking. Whether it’s during a commute, lunch break, or…
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Thai Airways shares take off again after 5-year pause
After five years of being grounded, Thai Airways (THAI) shares are finally cleared for takeoff. Trading of the national carrier’s stock will resume on the Stock Exchange of Thailand (SET) yesterday, August 4, marking a significant milestone in the airline’s dramatic recovery from one of the biggest corporate meltdowns in Thai history. The move follows THAI’s exit from court-supervised debt…
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How much does it cost to live in Thailand in 2025
If you’ve ever dreamed of waking up to the sound of ocean waves or enjoying street food for just a couple of dollars, you may have asked yourself: how much does it cost to live in Thailand? The answer depends on your lifestyle, location, and spending habits — but compared to Western countries, Thailand offers a significantly lower cost of…
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Thaksin pushes for high EV tax to protect Thailand’s car industry
Could the rise of electric vehicles (EVs) be putting Thailand’s homegrown auto industry at risk? Former PM Thaksin Shinawatra thinks so, and he’s pushing for drastic tax changes to protect local manufacturers from foreign competition. Thaksin has called for a high excise tax to be imposed on imported EVs that contain minimal local content, in a bid to protect Thailand’s…
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Bank of Thailand may cut rates amid US tariff concerns
The Bank of Thailand (BoT) may reduce interest rates multiple times by the end of this year to bolster the economy if US tariffs on Thai goods prove uncompetitive compared to regional counterparts. Head of research for the banking and financial sector at Kasikorn Research Centre, Kanjana Chockpisansin, indicated that the think tank anticipates at least one additional rate cut…
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Trump slashes Thai tariffs to 19% – but is there a catch?
US President Donald Trump has stunned Thailand and the wider ASEAN region by announcing a sharp cut in import tariffs on Thai goods, slashing rates from 36% to 19%. The decision, made public yesterday, July 31, via the former US president’s Truth Social platform, came just hours before an executive order was signed, locking the deal in from today, August…
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Cambodia border closures shift Thai trade to sea routes
Border closures with Cambodia have disrupted land transport, prompting a shift to alternative shipping routes. The conflict and closed checkpoints have hindered logistics that previously depended on Cambodian routes to reach Vietnam. As a result, businesses are now utilising sea transport and alternative land routes through Laos. The number of shipping lines servicing Cambodia has increased, leading to a reduction…
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Indian weddings could fuel Thai FDI boom
Thailand could soon be cashing in on Indian love stories—with luxury weddings fuelling a fresh wave of foreign investment. HSBC highlighted Indian wedding tourism as a key opportunity to boost foreign direct investment (FDI) into Thailand, pointing to stronger economic links and rising investor confidence between the two countries. During a recent visit to HSBC Thailand, HSBC India CEO Hitendra…
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US tariffs on Thailand expected to change in August
US tariffs on Thailand are anticipated to be announced on August 1 or August 2, with the rate expected to change from the current 36%, according to Finance Minister Pichai Chunhavajira. After achieving an unconditional ceasefire agreement along the Thai-Cambodian border, Pichai stated that negotiations with the US are progressing, with most issues resolved and only a few remaining. He…
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‘Flying Giant’ A380 becomes a costly nightmare for airlines
Two decades after its maiden flight, the Airbus A380 is back in demand as international travel roars back to life post-Covid. But while passengers may love its spacious cabins, airlines are groaning under the weight of its soaring maintenance costs. The European Union Aviation Safety Agency (EASA) has issued 95 airworthiness directives for the aircraft since 2020, more than double…
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