The COVID-19 pandemic impacted the way of working, including software development. During the pandemic, software companies were forced to work remotely, and many companies have been using such work arrangements. There are prior studies showing the benefits and drawbacks of remote work in software development during COVID-19. However, there is no study that targets Thailand, one of the growing software markets in Asia, specifically. This paper performs an empirical study of the effects of COVID-19 on software development in Thailand. We surveyed 194 Thai software developers regarding the challenges and benefits they faced while working remotely during the COVID-19 period. The results show no statistically significant changes in the productivity and well-being of Thai software developers before and after working remotely due to the pandemic. The results show that software developers in Thailand both received benefits and faced challenges from remote work during COVID-19, similar to results reported by other studies, but with some unique differences. This study can be beneficial to similar Asian countries or other low- and middle-income countries around the world.