business
- Business News
Mass lay-offs at Thai AirAsia as aviation sector continues to struggle
Thailand may have re-opened to international travellers, but the aviation sector continues to struggle as a result of the pandemic. Today, the Bangkok Post reports that Thai AirAsia has announced mass redundancies and extended furlough arrangements for many of its staff. Asia Aviation, the largest shareholder in TAA, says the outlook for the aviation sector remains unstable and the company…
- Business News
Air Asia boss: Recovery in 3 months if countries ditch quarantine, testing
The chief executive of the Air Asia Group says the aviation sector could return to normal in about 3 months, if governments ditch quarantine and PCR testing. Tony Fernandes says if countries can re-open without such requirements, demand will rise significantly. According to a Bangkok Post report, Air Asia has sold over 300,000 tickets to Langkawi since the island re-opened.…
- Business News
More cuts at Thai Airways as flagship carrier continues rehab process
The chairman of the Thai Airways rehabilitation plan says the airline is making good progress with cost-cutting exercises. Piyasvasti Amranand says Thailand’s national carrier has managed to recover 44.8 billion baht by cutting its workforce and ending aircraft lease agreements. “Thai Airways’ operational performance has progressed satisfactorily in many aspects, including cost reduction and organisational restructuring.” According to a TTR…
- Sponsored
Pacific City Club – Where business and leisure meet
Press Release Bangkok’s Most Prestigious Private Members Club Announces a Special Invitation The Pacific City Club is renowned for being the most prestigious and luxurious private members club in Bangkok since the early 1990s. Situated on the top three floors of the Two Pacific Place building on Sukhumvit Road, the Club is an oasis of calm in the bustling city.…
- Tourism News
Foreign airlines give up 80% of their slots at Thailand’s airports amid uncertainty of next 5 months
The managing director of Airports of Thailand says international carriers have returned around 80% of their slots at Thailand’s airports. Nitinai Sirisamatthakarn says around 80% of slots between October 31 and March 26 next year have been returned, indicating that airlines are uncertain about any imminent recovery in the aviation sector. Airport slots are the landing and take-off permissions that…
- Business News
Thai Airways to resume flights to countries with high vaccination rates
Thai Airways says it will start selling seats on flights to highly-vaccinated destinations from October 1. The struggling national carrier expects to resume flights to the UK, France, and Germany, as well as Japan and Australia. The Bangkok Post reports that airline bosses made the decision after several destinations reported vaccination rates of around 70%. Airline spokesman, Chai Eamsiri, says…
- Sponsored
Siam Piwat benchmarks MICE industry with “Virtual Inspection” solution, to reinforce its ‘The Icon of Innovative Lifestyle’ vision
Press Release Siam Piwat launches “Virtual Inspection” and “Online Reservation” for its convention spaces, a MICE industry benchmark. Offering absolute exhibition and event destinations, now event organizers from across the globe can virtually inspect the convention spaces and conveniently make instant online reservations. (Bangkok, 28 September 2021) Siam Piwat Co.,Ltd is the owner and operator of global retail destinations –…
- Guides
Top business and investment opportunities in Thailand
Investing in Thailand has many perks as the country is well on its way to modernisation. With an international community that has its own wants and needs, you can be sure to find a niche that will make you money. Here, we have the best businesses and investment opportunities in Thailand listed below. Thailand’s Top Business and Investment Opportunities 1.…
- Business News
Strapped for cash, Thai Airways puts 3 more aircraft up for sale
The beleaguered national carrier, Thai Airways International, is to sell 3 more aircraft in a bid to raise some much-needed funds. Also up for grabs is a flight simulator, as the airline continues with its rehabilitation plan and attempts to modernise its fleet. The Bangkok Post reports that the airline is selling 3 of its Airbus A330-300s, all of which…
- Transport News
Thai government officials offered special promotional fares on Air Asia
Thai Air Asia has launched a promotional deal targeting government officials, members of the Federation of Thai Industries and the Thai Chamber of Commerce, as well as employees of state enterprises. The perks will also apply to their travel companions. The thinking behind the deal is that government officials were some of the first to be vaccinated and are not…
- Covid-19 News
Officials say employees are to resume work, compensated accordingly following ease on restrictions
With restrictions easing in “dark red” zones tomorrow, the Department of Labour Protection and Welfare has declared that employees can go back to work with their normal compensation, according to Thai media sources. The department has declared that employers are required to summon all employees back to work and pay them accordingly. If employees are not paid their wages, their…
- Sponsored
Apply for a business visa in Thailand easily
Are you looking to attain a business visa in Thailand? Don’t worry as The Thaiger’s partner Tadoo is here to help. The business visa is great for those who are looking to enter Thailand for business meetings and/or conferences. Moreover, if you already have a job and are needing to relocate to Thailand with that company, then the business visa…
- Thailand News
OPINION: Why restaurants are so f**ked
Article by Guest Blogger Joelle Parenteau (This article contains some strong language that may offend some people) Covid 19 is about to kill restaurants by the thousands. This pandemic is the ultimate pressure test and restaurants are failing hard. Think about it: when we come out of this, your favourite food spots might not be there any more. Why are…
- Tourism News
KLM to increase flights to Middle-East, Asia as border restrictions ease
The Dutch carrier KLM plans to increase its flights to Asian and Middle-Eastern destinations as countries plan for a re-opening of their borders. According to TTR Weekly, the airline’s summer network is almost the same as in 2019, but with a reduction in the number of flights on offer as a result of the pandemic. The airline plans to introduce…
- Best of
Top 6 Online Forums in Thailand
Whether you live in Thailand or are coming to visit, online forums are a great tool to find advice or information on a particular topic. Further, they can help you stay informed on news, events and happenings while generating topical conversations. As most forums have their own community, they can also provide a range of opinions and perspectives on an…
- Best of
Top 5 Tax Firms in Thailand
As a busy professional, maintaining your tax affairs may not be at the top of your daily list. However, whether it be personal or professional wealth, completing your financial statements and complying with tax regulations is essential. This is complicated even further if you’re an expat living in Thailand as you’ll have to navigate an unfamiliar tax system in new…
- Best of
Top 5 Marketing Agencies in Bangkok
If you are looking to elevate your business, you may be in need of a marketing agency. Thailand has hundreds of marketing firms to choose from. These range in size from small, niche marketing companies to large, full-service marketing agencies. With so many options, narrowing down your search to find the right agency can be difficult. This decision is especially…
- Business News
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…
- Business News
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…
- Business News
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…
- Thailand News
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…
- Business News
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…
- Covid-19 News
Medical, business sectors blame government over Covid-19
Corporations are losing faith in Thailand’s political leaders as many in the medical, financial and business sector are placing the blame on the Prayut government for the current Covid-19 situation. They claim that corruption and cronyism is hindering and dampening a more decisive and productive course of action. The Chamber of Commerce has already offered logistical support to expedite vaccinations…
- Economy News
Foreign investors eye business in Thailand as hotels face closure during new outbreak
The new wave of Covid-19 infections this month has led to a drop in occupancy rates at Thailand hotels, some reporting drops of 5% to 30%, battering hoteliers that have already been struggling from a year of little to no foreign tourists. Some hotel operators have been forced to sell their businesses, according to the president of the Arjarnnar Asset…
- Thailand News
Thai airlines facing another setback
With more trouble on the horizon for Thailand’s airlines, they’re now pressuring the Government to step up the vaccination push. Adding to their recent woes, guidelines were released by the Civil Aviation Authority of Thailand, where all domestic flights scheduled between 11 pm and 4 am are now suspended, in-flight services have been cancelled for now and, well, passenger bookings…
- Business News
Labour union angry over changes to Thai Airways staff contracts under rehab plan
Union representatives are questioning changes made to the employment terms of Thai Airways staff as part of the national carrier’s debt-restructuring plan. The labour union claims the changes have removed or diluted several staff entitlements and welfare benefits, pointing the finger at acting president, Chansin Treenuchagron, who signed the orders. The union is calling on the Department of Labour Protection…
- Northern Thailand News
Officials tracking down foreigners with fake IDs opening up illegal businesses in Chiang Rai
Thai news site TNA is reporting that the Department of Special Investigation is investigating 255 foreigners who are allegedly in possession of fake Thai IDs in the Wiang Kaen district of Chiang Rai. The report also claims that they were operating illegal businesses. One of the suspects is Chinese but carried a Thai ID saying that he was a Thai…
- Business News
Consumer groups sue Trade Competition Commission for approving CP-Tesco merger
Thailand’s Trade Competition Commission has been served with a lawsuit courtesy of the Foundation for Consumers and 37 other consumer groups, as a result of a merger between the conglomerate Charoen Pokphand Group and Lotus (formerly Tesco Lotus). “The Charoen Pokphand Group is a Thai conglomerate based in Bangkok. It is Thailand’s largest private company and one of the world’s…
- Business News
Slow return of foreign tourism makes more redundancies inevitable – Airlines Association of Thailand
The president of the Airlines Association of Thailand says further layoffs in the sector are inevitable, due to the slow return of international tourism. In a Bangkok Post report, Puttipong Prasarttong-Osoth says the sluggish revival of foreign tourism, now not expected until the last quarter of the year, means all carriers continue to face financial hardship. And while there was…
- Tourism News
Thai Air Asia urges government to re-open the country to foreign tourism
The low-cost carrier, Thai Air Asia, is calling on the government to accelerate the re-opening of the country to international tourism. TAA chief executive Santisuk Klongchaiya says Thailand risks losing its status as a regional hub if the country does not re-open soon in order to re-ignite tourism and airlines. According to a Bangkok Post report, he warns that Thailand…
- Central Thailand News
Airline executive arrested for failure to pay wages of 150 workers
An airline executive has been arrested in the central province of Samut Songkhram, after complaints from150 employees that they had not been paid. Chawengsak Noiprasan, who had a court warrant issued against him in October, was taken to Don Muang police station from a property in the Bang Khan Take sub-district. He is a board member of Siam Air Transport.…
- Business News
Domestic air passenger numbers double those of January
Passenger numbers on domestic flights within Thailand have doubled within a month, rising from 4,000 in January to over 10,000 this month. Having nearly recovered to pre-pandemic levels, domestic travel plummeted once more when Covid-19 resurfaced late last year. Apirat Chaiwongnoi from the Department of Airports says 15 of Thailand’s 29 airports are now operating domestic flights, with more expected…
- Thailand News
Thai police officers crippled by accumulated 270 billion baht debt
Thailand’s police officers have amassed a total of 270 billion baht in debts. The staggering accumulated debt trap of the country’s individual police officers was revealed yesterday by the national police chief Suwat Jangyodsuk. During Covid there has been fewer hours and overtime for duty policeman. And in the popular tourist areas there have been fewer tourists to ‘police’ and…
- Covid-19 News
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…
- Business News
Scrub away Pattaya’s restrictions with a Walking Street wash-a-thon
Without much other good news on the horizon, Pattaya officials have celebrated almost two weeks of no new Covid-19 infections with a celebratory ‘wash down’ of Walking Street. The ritual ‘wetting’, in the Songkran tradition, was seen as a new beginning, washing away the bad spirits and the bad times that had fallen on the once-busy red light district. Sonthaya…
- Thailand News
Thailand News Today | Survey shows a third of tourism businesses are broke or shut down | January 25
For those who need to extend their tourist visa, the Thai Immigration Bureau is asking that applicants make an appointment online to reserve their spot. The bureau says the online appointments will help with preventing the spread of Covid-19 by reducing overcrowding and making sure people abide by social distancing practices. And you thought it was about increasing efficiency. Applicants…
- Thailand News
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…
