business
- Thailand News
PM Prayut proud of Thailand’s pineapples
Prime Minister Prayut Chan-o-cha‘s face lit up with joy when he heard that Thailand is the biggest exporter of canned pineapple in the world, according to government spokesperson Anucha Burapachaisri. PM Prayut was “delighted” when the Agriculture Ministry informed him that Thailand holds a 32% share in the global canned pineapple market – the biggest in the world – valued…
- World News
Starbucks makes its Laos debut with unique local touches
Starbucks today made its debut in Laos, the nation’s first store. The coffee shop opened in the Lao capital of Vientiane at Parkson Mall, an office and shopping development in the heart of the city. The new Starbucks hopes to contribute to Laos’ thriving coffee culture. The store’s architecture is uniquely Laotian, there is a handcrafted, textured door handle. The…
- Phuket News
Seminar on business and human rights held in Phuket
Thai officials held a seminar in Phuket on Monday about the importance of human rights in business. The National Human Rights Commissioner of Thailand, Pitikan Sithidejheld, lead the seminar at the Royal Phuket City Hotel in the main city district. The event was titled “Seminar to Promote Business and Human Rights for Business Operations in Phuket Area.” Phuket’s Vice Governor…
- Thailand News
Russia plans to install facial recognition surveillance technology in Thailand
Russian biometrics company ‘NtechLab’ announced plans to “enter the Thai market.” The company produces a facial recognition tool called ‘FindFace,’ which can be used to identify suspected criminals. The company is also considering moving its Asia headquarters to Thailand. The company claims that 23 countries worldwide are already using FindFace surveillance technology, sparking privacy and human rights concerns among the…
- Crime News
UPDATE: Fraudulent Japanese restaurant owner denied bail
UPDATE: Fraudulent Japanese restaurant owner denied bail The court denied the owner of Daruma Sushi’s request for bail this afternoon after he was arrested by police at Suvarnabhumi Airport yesterday. Police say “Metha” has caused millions of baht in damages and has countless allegations against him. The 39 year old owner of Daruma Sushi – Metha Chalingsook – got into…
- Crime News
UPDATE: Police arrest fraudulent Japanese restaurant owner at Suvarnabhumi Airport
UPDATE: Police arrest fraudulent Japanese restaurant owner at Suvarnabhumi Airport Today, Thailand’s Central Investigation Bureau arrested the fraudulent owner of Daruma Sushi, a famous Japanese restaurant chain, at Suvarnabhumi Airport. “Metha” returned to Thailand today having fled to Dubai in the UAE on June 16, after he received over 500 complaints from unhappy customers and staff. Police said Metha caused…
- Crime News
Japanese restaurant owner makes slippery getaway
The owner of a popular Japanese buffet restaurant, Daruma Sushi, made a slippery getaway from Thailand last week leaving a trail of chaos behind and complaints from over 500 people. A number of those people had lodged fraudulent complaints against the owner with the police and the consumer protection agency. The owner disappeared a day before he closed all 27…
- World News
Indonesia opens office doors to remote workers with 5 year visa offer
Temping tourists to travel to Indonesia shouldn’t be a difficult task. After all, the largest archipelago in the world is rich with cultural gems, stunning beaches, and every kind of natural beauty. But the Indonesian government has decided against taking the scenic route, instead they are tempting the business community with an appetising 5 year visa. The nation’s Tourism Minister,…
- World News
Kasikornbank bank buys 67% of Indonesian bank, Bank Maspion
One of Thailand’s premier banks, Kasikornbank, has purchased majority shareholding in Indonesian bank, Bank Maspion, for US$220 million. The agreement should be completed by the end of the year, with Kbank owning 67.5% of Maspion shares. Two years ago, rival competitor Bangkok Bank splashed almost US$2.3 billion baht in an Indonesian bank, Bank Permata. Following a plan to spend US$20…
- World News
Saudi deal to inject ‘billions’ into Thai economy
Thailand is to welcome a delegation from oil-rich Saudi Arabia in July which could potentially inject “billions” into the nation’s economy. Board of Trade of Thailand Chairman Sanan Angubolkul yesterday revealed delegations from both the private and public sector of Saudi Arabia are scheduled to visit the kingdom from July 4-7 to discuss trade and investment between the two countries.…
- Business News
Uncertainty hangs over Bangkok-Betong route as Nok Air considers its options
Nok Air’s flights between Bangkok and Betong, in the southernmost province of Yala, could be in jeopardy, as the carrier considers its options. The struggling low-cost airline is incurring financial losses on the Don Mueang to Betong route, according to Nok Air CEO, Wutthiphum Jurangkool. According to a Bangkok Post report, the airline expects losses to reach 40 million baht…
- World News
Thai AirAsia X becomes third airline in Thailand to file for bankruptcy
Thai AirAsia X, the international low-cost carrier under the AirAsia umbrella, has had its bankruptcy claim accepted by a Thai court. This makes it the third airline in Thailand, along with Nok Air and Thai Airways, to file for bankruptcy since the start of the Covid-19 pandemic. TAAX director, Tassapon Bijleveld, says all existing bookings will be honoured, including flights…
- China News
Strict Covid-19 rules make companies in China think about moving investments
Now that 43 cities in China are under either full or partial lockdown, more and more European companies in the country are seeking to move their investments. The European Chamber of Commerce in China announced today that nearly a quarter of respondents on a survey were considering moving current or planned investments out of China. 92% of the respondents say…
- News
Thai government to control inflation prices for consumer products
As the Thai government attempts to control inflation, the PM Prayut Chan-o-cha says that there must be no shortages of consumer products or outages, and the prices must not be too expensive. The world wide inflation problems have been created by government’s artificially over-heating economies with quantitative easing rising energy and commodity prices and exacerbated by the ongoing Russia-Ukraine war.…
- Thailand News
Gamers in Thailand can rent out SF Cinema theatres from now until May 3
Gamers everywhere are familiar with the pleasure of playing video games on the sofa in the comfort of their own living room. But just imagine the next-level fun of playing your favorite RPG or first-person shooter on the silver screen, complete with a thundering cinematic sound system. That’s exactly the kind of upgraded experience SF Cinema is offering in its…
- Thailand News
Thai Airways makes 1 million baht in 1 minute from selling airplane seats
Thai Airways International made over a million baht in just a minute yesterday by selling their colourful economy class seats from a decommissioned Airbus A330-300. The strapped-for-cash airline climbing out of an around 400 billion baht debt has been working on ways to stay afloat financially during the pandemic, like selling off its warehouse items and opening up a pop-up…
- Thailand News
Workers on online platforms are reportedly underpaid – Thailand Labour Ministry
Since the outbreak of Covid-19, a lot of people have been working from home, and many have become freelancers. The idea might sound good on paper, but they faced many challenges from having limited access to government welfare and being underpaid and undervalued. Thai Health Promotion Foundation and the Labour Ministry had organised a forum for people to voice their…
- Property News
Frasers to invest 10 billion baht in industrial space, ‘new economy’ by 2025
Frasers Property Industrial aims to invest 10 billion baht to expand its industrial buildings from 3 to 4 million square metres by 2025, with 50% of new projects directed at the “new economy” category, according to the Bangkok Post. FPIT expects to continue its dominance by expanding its market share to 60% — up from the pre-pandemic 40%. This year,…
- Bangkok News
Bangkok instant noodle shop draws thousands of teens
A Bangkok instant noodle shop that opened in October last year has drawn thousands of teenagers since its opening. The shop, called Good Noodle, is stocked with noodles from Indonesia, South Korea, China, Taiwan and Hong Kong. Good Noodle doesn’t just sell noodles, though. It also allows customers to to prepare their meals and eat there, even though the noodles…
- Property
Central Patana to open largest mixed-use project in Chanthaburi
Central Pattana is set to unveil Central Chanthaburi — the largest and most comprehensive mixed-use development in eastern Thailand. The complex, which is scheduled to officially open on May 26, will exemplify the company’s mixed-use project model in urban cities to strengthen the local economy. Central Chanthaburi is anticipated to be a new city landmark, consisting of a hotel, shopping…
- Property
Sansiri to launch 28 low-rise properties in 2022, bolstering ‘affordable’ housing in Thailand
Thailand real estate developer Sansiri says it aims to launch 28 new projects worth 39 billion baht in 2022, more than double last year’s figure, citing its growing confidence in low-rise housing projects for the domestic market. Last year, Sansiri’s presales for low-rise properties totalled 22.4 billion baht, comfortably exceeding its goal of 20 billion baht by 12%, according to…
- World News
Singapore wants to attract highly skilled expats
Singapore has devised a new system to identify unusually high talent, or ‘super skills’ in expats. The system is points-based, and scores factors including education, skills, and how expats’ nationalities contribute to diversity in their company. It is set to start in September. Singapore’s Manpower Minister said business chambers and companies have welcomed the scheduled points system. He told Bloomberg Television the…
- Property
Centara plans to build 100 new hotels by 2026, launch 20 per year
Centara Hotels and Resorts plans to open 100 new hotels in Thailand, the Middle East, China and neighbouring countries over the next 5 years, with the intention of managing them through agreements with partner companies, according to the Bangkok Post. Centara’s 5 year goal from 2022 aims to add 20 hotels each year, bringing the total number to more than…
- Thailand Travel
Majority of Thailand hotels not profitable under Test & Go
A majority of hotels in Thailand are in the red, following the relaunch of the Test & Go program earlier this year. The bleak outlook for Thailand’s hotel industry follows nearly 2 years of little, or no, patronage with only a select few able to take advantage of the limited travellers coming through the turnstiles. According to a survey of…
- Property
Sena to expand housing, warehouse portfolio in 2022
Sena Development intends to expand into warehouses, serviced apartments and asset management in 2022, while also developing 49 new residential properties valued at 27.5 billion baht. This year, the company intends to venture into new sectors in order to increase stable earnings from regular income, with the majority of new operations connected firms that can help with property development, the…
- Thailand News
Thais can now work in Saudi Arabia
As of yesterday, Thai workers can now work in Saudi Arabia, and will be protected by Saudi laws. Thailand’s cabinet approved two draft agreements about this yesterday, which will last for five years. They will be extended for another five years unless one or both parties decide against it. Both countries will cooperate to make sure recruitment and employment is…
- Property
Thailand real estate market to see post-pandemic boom by 2024
Real estate developers in Thailand should brace themselves for a post-pandemic boom, despite the current inflation and higher development prices, economists say. After a 2 year slowdown during the pandemic, Thailand will enter a new economic phase from 2022 to 2024, according to Bangkok Bank’s Senior Executive Vice-President Kobsak Pootrakool in the Bangkok Post. “We are getting close to the end…
- Travel
- Property
Pruksa plans to invest 3.5 billion baht in property, healthcare and tech startups
Pruksa Holding plans to spend 3.5 billion baht in property and healthcare technology businesses to improve its primary operations and increase cash flow, following a 2 year restructure and stock clearance. The CEO stated that the company’s two major operations, property development and hospitals, will be synergised with technology and innovations. Their plan is to invest in startups via joint ventures…
- Thai Life
