businesses
- Business News
Wage increase: Thai businesses wary of proposed 400 baht hike
The business sector expressed concerns over the possible negative effects of the proposed daily minimum wage increase to 400 baht. The announcement, made by Prime Minister Srettha Thavisin, could lead to higher costs for consumers. Industries that rely heavily on labour, such as agriculture, food export, retail trade, and construction, would be most affected by the wage increase, according to…
- Business News
Thai business department investigates 439 firms for potential nomination violations
In a move to suppress the ‘grey’ market in the fiscal year 2023, the Business Development Department (BDD) investigated 439 companies, suspecting them of acting as nominees for foreign corporations. Interestingly, legal entities potentially involved in nominee activities were discovered in Chiang Mai and Chon Buri provinces. The BDD Deputy Director-General, Jitakorn Wongkhatekorn, revealed that the agency inspected three targeted…
- Business News
Thailand sees ten-year high in new business registrations, surpasses projections
The Business Development Department of Thailand’s Commerce Ministry reported an exceedance of its new business registration projections for the first half of the year. The original estimate of 42,000 to 45,000 new registrations translated to a practical figure of 47,286. A positive development which signals a thriving entrepreneurial climate. This buoyant climate has encouraged an upward revision of predictions for…
- Business News
SEC raises crowdfunding cap for retail investors to 50 million baht
In an effort to foster growth among startups and small to medium-sized enterprises (SMEs), the Securities and Exchange Commission (SEC) is extending the ceiling on security-based crowdfunding offers to 50 million baht for retail investors. Previously, the limit was 40 million baht. However, institutional, high-net-worth, and ultra-high-net-worth investors are not subjected to any caps. The financial regulator put forth in…
- Covid-19 News
Lockdown decision expected tomorrow for Bangkok
A full lockdown decision is expected tomorrow for Thailand’s capital of Bangkok after record daily Covid-19 infections have sent the city into a frenzy trying to stop the spread of the virus. The Centre for Covid-19 Situation Administration is expected to make the recommendation which will be forwarded to the full committee chaired by PM Prayut Chan-o-cha. The CCSA will…
- Covid-19 News
Thai PM gives Covid curfew powers to individual provinces
Thailand’s PM Prayut Chan-o-cha is giving individual provinces the power to set curfews and other measures to contain the spread of Covid-19. PM Prayut’s Facebook page also details new guidelines for the management of hospital beds to make sure that all who are infected with the virus have access to treatment, and screening to determine whether they should be admitted…
- Songkran News
Pattaya announces plans to hold Songkran Festival
The tourist city of Pattaya is planning to hold Thai New Year, or Songkran Festival, this year as long as they receive the “go ahead” from the government. The Pattaya City Mayor, Sonthaya Khunplume, made the announcement today, saying that the water festival will be held with all the traditional activities including those taking place at temples. Songkran is the…
- Covid-19 News
54 provinces to see relaxing of disease control measures
Thailand is proposing an easing of disease control measures in 19 more provinces in an effort to resume business operations. The Centre for Covid-19 Situation Administration will consider the proposal on Monday, which would increase the number of provinces to see relaxed measures from 35 to 54. Those provinces would be listed as green zones and include: Kamphaeng Phet, Chai…
- Covid-19 News
Changes to Thai provincial Covid zones – what’s re-opening today?
There are quite a few changes coming into effect today around many of the Thai provinces. Some types of businesses will be re-opening and some restrictions are being lifted. The new measures go into effect TODAY. Here is a list from the National News Bureau of Thailand… Maximum control (Dark Red): Samut Sakhon The following locations will remain closed: Pubs,…
- Thailand News
198 new infections, 1 death – Thailand’s Covid-19 update
After a week of high and lows in the reporting of the latest clusters, Thailand officials are reporting 198 new infections of Covid-19 today, with 180 being locally transmitted. 69 of those local infections were found via tests at medical facilities and 111 were found by proactive testing. Most of the proactive tests were found in Samut Sakhon, where the…
- Covid-19 News
13 Bangkok businesses allowed to reopen tomorrow
Tomorrow, 13 types of businesses in Bangkok are being allowed to reopen but must have strict disease control measures in place. The Bangkok Metropolitan Administration made the decision which would undoubtedly give many businesses some relief as well as potential customers. Such businesses with restrictions include: Banquet venues, which will need authorisation from BMA for events with over 300 participants…
- Thailand News
Disease control measures ease up in Samut Sakhon
Disease control restrictions are easing up in Samut Sakhon. The coastal fishing province that has been under “maximum control” since last month’s Covid-19 outbreak at a major seafood market in the province’s Mahachai area. Salons and barber shops are now allowed to open from 6am to 9pm in all districts of Samut Sakhon, but services are limited to hair cutting,…
- Politics News
Companies pull out from Trump brand after storming of Capitol incident
Corporate America is adding its weight in response to the insurgency at the Capitol building on January 6, and are pulling out from any association with the Trump brand after the storming of the capitol incident which economists say will have a profound medium and long-term effect on his business interests. Recently, Signature Bank closed Trump’s personal accounts and the…
- Tourism News
Krabi’s Ao Nang businesses shut up or sell up
Ao Nang, Krabi’s tourist strip, is struggling under the strain of no customers or tourists. Thai Residents reports that there are now at least 10 hotels up for sale valued at billions of baht. Businesses and hotels along the popular Ao Nang tourist strip have been shutting down because of the prolonged closure of Thailand’s borders to general tourism. Even…
- Pattaya News
Pattaya – fighting to survive its Covid crisis
Pattaya, like some of Thailand’s other former tourist hotspots, is facing some critical challenges. Hundreds of thousands of workers have left the city because there’s simply no work and up to 50% of the city’s shops are closed, some never to re-open. The Thaiger filmed most of this video on a long weekend at the end of October, the busiest…
- Tourism News
Pattaya springs back to life over the long weekend, more to come
Pattaya, struggling along for the past 7 months with a handful of domestic tourists and Bangkok weekenders, has had its busiest weekend for a long time, albeit a long weekend created by the public holiday in commemoration of King Chulongkorn. Much of the increased traffic were Thai faces, a big change to the city’s old demographic of international tourists and…
- Covid-19 News
Phuket in a Covid Crisis – VIDEO
Phuket is facing an existential crisis. Because of its semi-isolation as an island, it doesn’t get much “passing traffic” and is too far away from Bangkok to attract much ‘weekend’ business. Whilst the borders stay closed the island’s businesses face ruin. A year ago, the streets of this tourist island were brimming with a diverse international tourism mix. In fact…
- Covid-19 News
Phuket hotels fighting for their lives as domestic tourism fails to support the island
In the wake of last weekend’s ministerial talkfest and discussions with local industry players on the island, Bill Barnett paints a bleak picture of a tourist island in freefall. All the shops, restaurants and hotels can’t remain empty, or merely keep their doors open with a handful of domestic customers, forever. Phuket’s hotel industry is reaching breaking point and drastic economic support…
- Tourism News
Tourism sector facing massive closures
Thailand’s tourism sector, long seen as a lifeline for the nation’s battered economy, is in a meltdown; more than 30% of tourism-related businesses have left the market with many more expected to follow, according to the Tourism Council of Thailand. The president of the TCT says the tourism industry predicts further deterioration after 6 months of the Covid-19 crisis, as…
- Covid-19 News
One third of tourism businesses could go under due to Covid-19
The president of the Tourism Council of Thailand is warning that close to a third of tourism-related businesses are likely to be permanently shuttered in the second half of this year, due to the impact of the Covid-19 crisis. Chairat Trirattanajarasporn says many will simply run out of liquidity to keep their businesses afloat and be forced to close up…
- World News
India bans TikTok among almost 60 other Chinese apps
India has decided to ban almost 60 Chinese apps, including the explosively popular TikTok and WeChat, which has left millions of users reportedly startled and disappointed. The Indian government says the apps were “prejudicing the sovereignty and integrity of India, the defence of India, and the security of state and public order.” Although TikTok has refused to share any data…
- Covid-19 News
Open for business. Just about all business restrictions in Thailand lifted from July 1.
Thailand has now gone over a month without a locally transmitted case of Covid-19, and July 1, approaching quickly, will see the resumption of all businesses and activities originally suspended under the Emergency Decree, including bars, pubs and “soapy” massage parlours. Spokesman of the Centre for Covid-19 Situation Administration Dr Taweesilp Visanuyothin made the announcement yesterday. He told the media…
- Crime News
Justice minister targets drug money laundering
With the government struggling to find revenue streams for its economic stimulus plans to rebuild an economy battered by Covid-19, Thailand’s justice minister thinks he has an idea to help. He wants authorities to target businesses that launder drug money from the Golden Triangle and has set a target of 1.5 billion baht by August. The minister says anti-drug forces,…
- Covid-19 News
Schools, colleges, universities to reopen, restaurants and hotels can serve alcohol from Monday
The spokesman for the Centre for Covid-19 Situation Administration announced yesterday that schools, colleges and other educational institutes will be allowed to re-open on Monday, and alcohol can again be served in restaurants and hotels, but NOT in pubs, bars or other entertainment venues. The national curfew is also being lifted as of Monday. International schools and tuition schools are…
- Covid-19 News
Alcohol association begs government for trial re-opening of bars
But they know it is unlikely to happen. The Covid-19 pandemic and the ensuing Emergency Decree have caused immeasurable economic impact across the country.Probably no sectors has been harder hit than hospitality, entertainment and nightlife. Although alcohol sales appear set to resume in restaurants next week, around 10,000 pubs, bars and entertainment venues nationwide – and their many casual staff…
- Covid-19 News
Government to decide which “red” businesses can reopen in next phase
The Centre for Covid-19 Situation Administration revealed today that the government is now considering which high-risk or “red” businesses will be allowed to reopen under Phase 4 of lockdown easing. CCSA spokesman Dr Taweesin Visanuyothin says that the virus could be with us for months or even years, so the government must carefully consider which “red” high-contagion-risk businesses can reopen.…
- Covid-19 News
Gyms, fitness centres to reopen tomorrow nationwide
As tomorrow marks the beginning of Phase 3 of the easing of Covid-19 lockdown measures, many catgories of businesses will be allowed to fully reopen, though health and social distancing restrictions will remain in place. Fitness centres, including in malls, are included in that list. The reopening will include many new rules and regulations designed to stop the potential spread…
- Covid-19 News
Massage shops, boxing stadiums may be allowed to reopen next week
But we won’t know until tomorrow. Phase 3 of the easing of Covid-19 emergency measures could finally see boxing stadiums, massage parlours, spas, cinemas and tutorial schools allowed to reopen next month. Pubs, bars and nightlife venues are expected to remain closed, well that’s the rumours for now anyway. The deputy director-general of the Disease Control Department says activities and…
- Covid-19 News
The next batch of reopenings in Thailand, coming this Sunday
We should find out more today about the next raft of re-opening for Thailand’s businesses. The Centre for Covid-19 Situation Administration has been consulting with the private and public sector to make the next move as Thailand reboots its economy in a second phase of re-openings. The Thai cabinet will meet today to discuss the proposals. Dr. Taweesin Visanuyothin says…
- Covid-19 News
Ministries, business leaders meet to discuss further reopenings
A meeting this weekend, chaired by the director-general of the Department of Disease Control and secretary to the Covid-19 Center for Situation Administration, discussed suggestions and assessments of businesses ready to reopen, which will be forwarded to the PM Prayut Chan-o-cha for consideration early in the week. Representatives of the Interior Ministry and Tourism Ministry along with those of multiple…
- Covid-19 News
May 17 target for shopping centres to re-open
The rumours have been flying since this week’s cabinet meeting about the next raft of re-openings as Thailand’s economy starts to plod back into gear. Now, after a meeting yesterday of the Centre for Covid-19 Situation Administration, there’s general consensus that shopping centres and retail stores will be able to re-open on Sunday, May 17. Of course the caveat is…
- Business News
Business winners and losers, and the lumpy recovery
As we slowly start to emerge from enforced lockdowns, how have things changed? There have been early ‘winners and losers’ but the profound changes to our lives will now start to morph into lingering economic hardships and unpredictable business outcomes. Different countries are going to restart their economies at varying speeds and retain some restrictions and drop others, depending on…
- Covid-19 News
Are businesses applying the Thai government hygiene standards?
According to the Centre for Covid-19 Situation Administration (CCSA), small, local restaurants are the biggest offenders when it comes to ignoring government hygiene measures to control the reduce any return of the virus. The surveys were done to provide the government with CCSA spokesperson Dr Taweesin Visanuyothin says that 9,383 businesses from all sectors nationwide had been checked by public…
- Covid-19 News
Cabinet approves ‘force majeure’ closure of hotels
The Cabinet has approved the ‘force majeure’ closure of hotels and any lodging businesses, with additional compensation for businesses that are under the social security scheme. There will now be compensation for employees of hotel and lodging businesses for their loss of income, either due to the government’s shutdown order or their owner’s decision to close down during the current…
- Covid-19 News
Power to the people – Energy Ministry promises adequate supply of electricity
Thailand’s Energy Ministry says that there will be adequate electricity supply to fuel the demands of people staying and working from home. Millions are cooped up in their homes, raising the domestic electricity supply usage. But many businesses have closed up, easing up some of the demands on total supply. Energy Minister Sonthirat Sonthijirawong says there should be enough power…
- World News
Myanmar’s army controls vast business empire to fuel atrocities – UN report
PHOTO: Front of the Myanmar Economic Holdings Limited building UN investigators have slammed the Myanmar Government saying that tougher sanctions are needed against the country’s wealthy and powerful military officials as their web of economic interests has generated a fortune that helps fund atrocities. The report follows a US travel ban on Myanmar’s army chief last month, the strongest censure yet…
- Business News
400 baht minimum daily wage worries Thai business chamber
The Thai Chamber of Commerce is raising concerns over the government’s proposal to raise the minimum daily wage to 400 baht. They say it will severely hit the country’s small to medium businesses. Chamber chairman Kalin Sarasin says they have been discussing the proposal with Chamber members and business operators discussions with many business operators. They found that most of…
