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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Starting a new life abroad is exciting—new culture, new lifestyle, and new chances to grow. But living far from home also means taking steps to protect your health in unfamiliar surroundings. Without the right coverage, even small health issues can...
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Cachet comes to Nai Yang
Cachet: The sate of being respected or admired. On December 16, 2017, discerning travellers discovered a new dimension of bespoke lifestyle resort with the grand opening of the Cachet Resort Dewa Phuket. This re-imagined lifestyle resort is set on the shores of Nai Yang Beach, at the north end of Phuket’s west coast, a mere 5 minutes from the international…
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mu Space is awarded 15 year satellite license to assist rural Thailand
mu Space becomes Thailand’s first space technology startup to operate a satellite service after the National Broadcasting and Telecommunications Commission awarded a license for the company. The 15-year license covers the operation of a satellite and provision of satellite-based services until 2032. Speaking on behalf of mu Space, Chief Technical Officer Samathorn Teankingkaeo said his team plans to differentiate mu…
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Phuket Gateway 2.0 to be ready next month
Phuket Gateway will be ready to kick off on December 12 this year and is expected to be the welcoming landmark of Phuket at the top of the island providing useful information to travelers. This morning (November 9) Phuket’s Governor, Norapat Plodthong, chaired a meeting to follow up on the project – the Phuket Gateway at Thachatchai – which was…
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Where’s the best place to do business in Asia? (It’s not Thailand)
Singapore, closely followed by South Korea, remains the best country in which to run a business, according to the World Bank. While Brunei, Thailand and India have registered the most notable improvement in the ease of doing business. Pakistan, Myanmar and Bangladesh are the region’s lowest ranked economies. In the World Bank’s Ease of Doing Business list, Singapore has been…
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The Thai Canal – cutting through the project’s hype
(Photo from mothership.sg) September 11, 2017 was the latest gathering of minds related to the challenges in establishing the much-discussed Kra Canal (now referred to as the Thai Canal) in Bangkok. The canal, if it happens, would slice a new shipping canal through the the slimmest section of the Malay Peninsula, anywhere from Chumpon to south of Phuket. The Thai…
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Show and tell – Governor in BKK to promote Phuket Street Food
Phuket’s Governor attended a press conference regarding the Phuket Street Food Festival 2017 in Central World Mall, Bangkok. The events will take place during the green season on September 16 and 17 at the 72nd Anniversary Commemoration of Queen Sirikit Public Park in Phuket Town. Phuket is one of 18 cities across the globe that are given the special title…
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Is Bangkok’s property market cooling off? No, says Bloomberg.
An update on the Bangkok property market from Bloomberg. “We’re still undervalued as a country, compared to Singapore and Hong Kong. And China, in a lot of major cities.” Click the chart to watch the Bloomberg report on Thailand’s biggest property portfolio. PHOTO: fazwaz.com
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World Bank upgrades Thailand’s growth projections
The World Bank on Thursday upgraded its economic growth projections for Thailand to 3.5 per cent from the 3.2 per cent estimated previously. The Bank said that economic growth in Thailand is gaining momentum, with global growth and recovery from severe droughts buoying an expansion of GDP by 3.3 per cent in the first quarter and 3.7 per cent in…
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Direct flights from Phuket to India from GoAir.
India budget carrier GoAir is launching its overseas operations with flights from Mumbai to Male in the Maldives as well as Phuket. The airline, owned by the Wadia Group, has been waiting for the delivery of its new generation Airbus 320 Neo planes before starting the overseas legs. GoAir says it will start flights to Phuket in October. It’s the…
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Property Lawyer Matthew McEvily Passes Away
Well-known longtime Phuket real estate lawyer Matthew McEvily passed away in the United States on June 20th. He was 59 years old. McEvily was actively involved in the real estate sector in Phuket, Bangkok and Samui. For a number of years he was a a partner in McEvily & Collins law firm, and later on his own under McEvily and…
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The Outlook is Bullish
Despite the volatility that occurred early in the session on Thursday and Fintwits’ instantaneous panic, markets remain in a firm position on the weekly charts. The weekly chart of the SP500 still posted a higher high and higher low in relation to last week’s bar, which was bullish follow- through from the prior week’s breakout. The Thursday intraday blip brought…
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Finance: Using monthly charts to analyze trends
PHUKET: Monthly charts are among the first buy signals I look for when selecting stocks because they show bigger time frames where long term trends can be seen. As we enter the summer months, a short term pull back could still happen and this would be a perfectly normal price action. Lately we haven’t yet seen any price action to…
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Finance: Market pullbacks make great opportunities
PHUKET: Pullbacks are great opportunities to see where the strongest stocks are, allowing investors to make a watch list of potential leadership stocks or sector ETFs that are holding up in the face of bad news. Since early March, we have been seeing the S&P 500 undergo some consolidation involving a pullback. A 2-8 per cent pullback is perfectly healthy…
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Business Buzz: Email marketing missing the mark
PHUKET: Recently, my business partner and I have been analyzing email marketing and what came to light was quite a surprise. He is a systems engineer so it is fair to say his level of knowledge of IT far surpasses my own. We were collaborating on our latest project and the issue of email marketing and whether it was effective…
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Finance: Using fundamental and technical analysis to gauge stocks
PHUKET: When I decide that a stock could either be worth buying or worth placing on a watch list, the first thing I do is look at the stock’s fundamentals using a stock research and marketing tool called ‘MarketSmith’. Using small cap LGI Homes (NASDAQ: LGIH) as a sample stock, let’s look at some fundamental data that will help decide…
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Finance: Market pullback nothing to worry about
PHUKET: As of late March, US stocks appear to be cooling after strong gains since the US elections. Over the next 1-3 months, I expect further market consolidation with a pullback by major market indices to the 50-day moving averages level being a real possibility. The Dow Jones could fall below 20,000, while for the S&P 500 index, a 3-5…
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Finance: Don’t buy into the 13 trillion dollar lie
PHUKET: Following on with lessons from Tony Robbin’s book ‘Money: Master the Game’ is a very important Wall Street myth that he busts. When you pay an active manager to buy and sell shares of stock on your behalf, you are doing so in hopes that he will ‘beat the market over time’. The truth is that over any extended…
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Banyan Tree Group bags seven accolades
PHUKET: The Banyan Tree group clinched seven awards at the recent Travel & Leisure ‘China Annual Travel Awards 2016’, adding to a growing list of accolades for the Banyan Tree brand. The luxury lifestyle magazine named Banyan Tree Phuket as the winner in the ‘Best Spa Resorts’ category, while also recognizing Laguna Golf Phuket as one of 2016’s top ten…
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Business Buzz: Establish your online presence from scratch
PHUKET: Many people have asked me how to get started with an online presence, so I have put together a quick overview assuming I was starting from scratch (but knowing what I do now). Facebook Page The very first thing you could do is start a Facebook fan page. This can easily be set up without any skill, cost or…
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Finance: Russians slated to return to Phuket
PHUKET: The economy of Phuket will pick up over the next couple of years because the Russian economy, ruble and stock market are finally recovering. Russia’s energy and commodity driven economy was hit hard by low energy and commodity prices, along with President Obama’s sanctions in response to the annexation of Crimea in 2014 and other troubles in Eastern Ukraine.…
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Finance: Key areas investors must watch out for
PHUKET: Trump has been in office less than a month and already some of his most strident critics are acting as if it’s the end of the world. However, what investors need to remember is the fact that Trump faces an extremely hostile national/Washington DC press along with plenty of opposition from within his own government (such as Federal bureaucrats…
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Finance: Grab the ‘bull’ by the horns
PHUKET: Many times in life it can seem like things completely spiral out of your control, and this can leave us feeling helpless. I have seen this happen not only numerous times with decisions my clients have made, but have made the exact same mistakes in my own investments. One mistake leads to another poor decision and in the end…
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Finance: Markets favor active selection
PHUKET: There is value in having an active stock selector as your money manager – especially right now when individual stocks are starting to break out and the market is favoring them over passive investment. Consider some of the following stocks that are in my watch list and portfolios as of late January. Small cap Internet services stock Tucows Inc…
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Finance: A good time to invest in Phuket
PHUKET: I am asked so often about Phuket real estate that I find it a good topic to address from time to time. Of course, there are legal hurdles to consider, but I will leave that aside for today and focus simply on the issue of timing. Is now a time to be buying or fleeing the island? As with…
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Business Buzz: Social media trends to look out for this year
PHUKET: As we begin another new year, it is a timely opportunity to consider what we should look out for in 2017. It is always important to reevaluate your digital footprint on a regular basis.Here are my 2017 tips to have a successful year in social media and beat your competition, increase your revenues and improve customer loyalty. Remember, an…
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Finance: Next phase of tech revolution may be here
PHUKET: While many have been focused on Brexit, problems in Europe, the Middle East and the US elections, a technology revolution has quietly marched toward its most important phase, that is not being recognized by the mainstream media (which is focused on making predictions about where the market will go in 2017). The tech revolution is alive and well and…
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Finance: Stocks are hot, bonds are not
PHUKET: The post election weeks have seen many leadership stocks take off, with the overall breadth of the market uptrend being impressive. The market is being led higher by both small and mid cap stocks, plus sectors like energy, materials, industrial, technology and the economically sensitive Dow Transports – all positive signs for even higher stock prices in the months…
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