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 9 most common health issues covered by insurance for expats in Thailand
Thailand is a popular destination for expats due to its affordable lifestyle and excellent healthcare system. However, settling in a new country often brings health concerns. To ensure you’re covered for the most common medical needs, understanding what expat health...
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Thai Airways – we need more planes
Thai Airways says it’s has lost 10 percent of its market share over the past three years due to a shortfall in available planes. It’s new business plan states that, if the national carrier wants to restore market share it needs at least 125 aircraft, according to Thai Airways president Sumeth Damrongchaitham. The national airline has submitted its business plan…
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Hotel #4 for Centara Hotels in Krabi
PHOTO: Centara Grand Beach Resort & Villas Krabi, another of the Centara properties along the Krabi coast Centara Hotels & Resorts, Thailand’s largest hotel group, has just signed a Hotel Management Agreement for a 180 room property on Ao Nang Beach, Krabi. The new hotel will be under its ‘Centara’ brand. Centara Ao Nang Beach Resort & Spa Krabi will…
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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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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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Central Group set to open new lifestyle mall in Cherng Talay
RENDERINGS: From Phuketify website Cherng Talay has become the new ‘go to’ area with an exciting array of new retail and entertainment options opening up at the end of this year and into next year. Including this one… A new lifestyle shopping mall is set to open by the end of 2019 in Cherng Talay, with Central Group investing a…
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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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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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Technicalbiomed helping to turn Thailand into beauty hub
PHOTO: Warut Suttinan, MD of Technicalbiomed – The Nation “Technicalbiomed” plans to expand its market share in cosmetic surgery as well as in obstetrics and gynaecology segments by turning Thailand into an Asian hub for aesthetics and beauty. Warut Suttinan, managing director of Technicalbiomed, an importer and distributor of aesthetic medical devices in Thailand, said: “Thailand is now recognised as…
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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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“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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Thai economy’s growth in 2018 projected at 4.5% – World Bank
Things are looking up for more economic smiles in the Land of Smiles with more positive news coming out of the World Bank. Projections are being revised upward, again. The World Bank says it’s adjusted its projections for Thailand’s economic growth upward, for the whole of 2018, to 4.5%, from the previous projection of 4.1%. The announcement comes from Kiattiphong…
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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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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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Tourism stakeholders commit to plastic-free future at PHIST
PHIST – Phuket Hotels for Island Sustaining Tourism Forum 2018 Leading hotels and tourism groups have signed the “Phuket Pledge” at Phuket Hotels for Islands Sustaining Tourism Forum 2018 (PHIST) establishing a model for the future development of islands throughout Asia that embraces sustainability as a core and sets urgent goals for long-term change. The Phuket Pledge is a commitment…
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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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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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Samsung teases world’s first foldable phone
At least it won’t break when you try and bend it. Samsung are about to reveal some details on the world’s first foldable smartphone at its developers’ conference in San Francisco this November, according to industry sources. Rumors that the South Korean tech company would unveil its foldable phone at the Samsung Developer Conference have been circulating around the world…
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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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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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Chinese setting up shop in Chiang Mai
by Jintana Panyaarvudh The charm and beauty of Chiang Mai, the capital of northern Thailand, has made the province not only a must-see destination but also a golden nest for foreign investors – especially Chinese seeking business opportunities. Take Chinese entrepreneurs like Cherry and Zong Dan, for example. Having fallen for Chiang Mai’s charms, they opted to start their first…
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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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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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Sony’s new Xperia XZ2 Premium with ultra-high sensitivity dual camera
ADVERTISEMENT Sony Thailand steps up its game with new smartphones introduced to compete offerings from some of the Chinese companies as well as Samsung and Apple. Sony have announced the new XZ2 Premium, which has one of the most remarkable cameras ever integrated into a smartphone. The new phone boasts the world’s highest ISO 12800 sensitivity for video recording in…
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