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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Sponsored 5 ways retirees in Thailand lose money (and how to stop it)
Retiring in Thailand can be affordable and enjoyable, but many retirees lose money due to common mistakes. High living costs, scams, and unexpected expenses can quickly drain savings. There are five ways that retirees in Thailand can lose money and...
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Chalong means “celebrate’ – Phuket Business
PHUKET: They started the production just nine months ago but they already have reasons to celebrate – their product achieved international recognition, winning the highest award for a white rum at the International Wine and Spirit Competition in Hong Kong. But what’s even more important, it feels like a part of Phuket’s DNA – natural, local, merging traditions and cultures.…
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Asian groups may invest US$150bn in markets abroad
PHUKET: Institutional investors based in Asia could look to invest in excess of US$150 billion in global real estate over the next five years, though not necessarily in domestic markets. According to the latest research from leading global real estate services provider, CBRE, since there is limited investable stock available in Asia, such investors – including banks, insurance companies as…
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Last Call – Digging my way down to China
PHUKET: Growing up in California, one of my favorite pre-teen past times was digging holes. Not just holes but dark inviting spaces with a purpose. A fort, or looking for buried Aztec treasure, putting time capsules away to be dug up after people are weekending on Mars or the sadness of burying a demised goldfish or two. We never quite…
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Raising bar past low-tide mark – Phuket Business
PHUKET: Corporate social responsibility (CSR) has a long-standing and ill-fated tradition of stopping at the low-tide mark. For mountain resorts in the French Alps, which do not rely on what is beneath the ocean surface to draw guests, such an oversight is understandable. However, the trend of CSR projects not safeguarding heavily threatened marine systems, such as the coral reefs…
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Cloud computing: Forecast sunny – Phuket Business
PHUKET: Lately, I have been hearing many stories of expats and tourists in Phuket whose laptops have been stolen. Having your laptop stolen is a terrible experience. You not only feel violated, but your life was basically on that computer. Picking up the pieces can be hard, but today it can be made easier with cloud computing. Cloud computing is…
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Laguna Phuket announces major staff restructuring
PHUKET: Laguna Phuket has announced that it is undergoing a significant departmental restructuring and downsizing, but the company declines to confirm or deny reports that as many as 300, or 10 per cent, of its associates have left or are in the process of leaving.According to a press statement issued today (July 31), Laguna Phuket currently employs close to 3,000…
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7-Eleven – Can’t live without it
PHUKET: Love it or hate it, the local 7-Eleven has become an integral part of daily life for most people living in urban Thailand.From its humble beginnings in 1920s Dallas, Texas, where ice factory employee John Jefferson Green began selling milk, eggs and bread from an improvised store in front of the factory, it has grown to be the largest…
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Last Call: A love, loom affair with China
PHUKET: Often, one of the last interview questions to scientists or economic strategists is the ominous, almost motherly line: “What keeps you awake at night?”. In most cases the answer is obtuse and rarely what they call in submarine talk, a direct hit. In my own personal version of Groundhog Day [the blockbuster hit starring Bill Murray] – over and…
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Island trade drops by nearly 60% since last year
PHUKET: Three-quarters of the way into the government’s current fiscal year, the island’s export-import industry is dwindling, particularly when compared to last year’s benchmark trading year. Phuket Customs House’ records through June 30 show that the value of exports in the 2013 government fiscal year (October 1, 2012 to September 30, 2013) so far, is just over 5 billion baht…
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Phuket’s inflation 10% higher than country
PHUKET: The island continues to outpace most of the rest of the country in terms of inflation, with the cost of living in Phuket during the first six months of the year, growing at a rate 10% faster than Thailand overall. Meanwhile, headline (overall) inflation in the Kingdom’s two main cities in the North and Northeast was more than 40%…
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Expat retirement: abroad vs home – Phuket Finance
PHUKET: If you have been an expat for a good portion of your adult or working life, you may be wondering whether to retire abroad or return to your home country to retire. However, before you decide to become either a permanent expat or a returnee, you will need to take into account the following considerations: Your Retirement Income The…
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Free seminar in Phuket to focus on overseas investments for expats
PHUKET: A free investment seminar focusing on portfolio management for expats living off the interest produced through their ventures will be held on July 25 at Loch Palm Golf Club.The seminar is being organized by one of the longest standing financial consultancies in Thailand, Montepelier (Thailand) Ltd. Leading the seminar for Montepelier Wealth Management will be Ron Keyte, who has…
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Phuket’s bulging market
PHUKET: In the latest drive to promote the island’s medical tourism industry, Bangkok Hospital Phuket (BHP) recently held an innovative “boob job” seminar. Entitled ” Breast Augmentation Using Contour Profile Gel Implant Live Surgery Workshop”, the seminar was attended by some 25 cosmetic surgeons from Asia Pacific countries, especially Thailand, Singapore, Malaysia and the Philippines Dr. Narongrit Havarungsi, BHP director,…
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Low Cost Carriers: Save us from safety savings
PHUKET: Dying in an airplane crash is not exactly my idea of heading off into the hereafter with a veritable big bang. Much less trying to escape from a burning plane about to explode in a widescreen Bruce Willis Die Hard epic. But perhaps let me wind this back a little to pre-Grantville. Last Thursday, a last minute business meeting…
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Phuket Waste 101 – Dousing the burning issue
PHUKET: As you begin to read this article, try to recall your consumer decisions and habits today. Did you go to the convenience store? What did you buy? Was it put in a plastic bag? When you were done consuming, how did you dispose of your waste? What about lunch – did you have takeaway scooped into one of those…
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Thai smartphone sales ringing up big numbers
PHUKET: Smartphone sales in Thailand more than doubled in the first four months of 2013, a report by one of the world’s largest research companies reveals. The GfK Thailand office reports that communication consumer electronics went from being just one in every five handsets less than two years ago to more than two in five or 42% of overall unit…
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Phuket Business Feature: Hydroponics – a happy medium
PHUKET: Located about a kilometer west of Chao Fah West road, en route to the Big Buddha, the DN hydroponic farm is not the bustling business operation it might at first seem. “I can supply large orders, but this is really just a hobby,” insists Pakdee “Doo” Khruthanang. Ms Pakdee’s primary hat is running her business, West Coast Divers, which…
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Jaguar, Land Rover get new dealership in Phuket
PHUKET: Luxury car importer GB Automobile Co Ltd was recently appointed to be the sole, official authorized dealer for Land Rover and Jaguar cars in Phuket and the rest of Southern Thailand. The official grand opening of the new showroom is set for next month. Meanwhile, GB Auto is undergoing an extensive renovation of their showroom, which is adjacent to…
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AP Superyachts berths new office in Patong
PHUKET: Luxury boating firm Asia Pacific Superyachts (APS) Phuket is growing, reports General Manager Gordon Fernandes. “We’re pleased to announce our headquarters have moved to a brand-new, purpose-built office in preparation for the exciting times ahead as more yachts discover the amazing cruising available in Southeast Asia,” he says. While the new offices offer increased facilities and staff to service…
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Phuket Finance: One rotten apple can spoil the whole barrel
PHUKET: As of the middle of June, the portfolios of many active managers of both mutual funds and hedge funds alike were badly under-performing the benchmark Standard & Poor’s 500 index. In fact, and despite a bull market that had seen the S&P index climb about 16% since the start of the year, over two-thirds of active managers were missing…
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Phuket still on the map at TTM+ 2013
PHUKET: The island is still a top tourist hub in Southeast Asia, with a wide variety of hotels, resorts and hospitality-related businesses representing Phuket at 13th annual Thailand Travel Mart Plus 2013 (TTM+ 2013), held at the IMPACT Exhibition Hall in Bangkok recently. More than 800 delegates arrived from around the region to network with the 420 hospitality related organizations…
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PIMEX 2014 organizer hyped about January date
PHUKET: The next Phuket International Boat Show (PIMEX) is open for business, having been taking bookings since early last month, May 2013. PIMEX 2014 is confirmed to take place between January 9 and 12 at Royal Phuket Marina and remains a permanent fixture in the island’s event calendar as it approaches its 11th year. “After careful analysis of the last…
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PHUKET FINANCE: Don’t let a ‘wall of worry’ cut you off from a bull market
PHUKET: Although the economic numbers coming out of the United States are not exactly impressive, the S&P 500 has been hitting all time highs and at the end of April, was up some 14.5% since the start of the year, while gold, the ultimate investment of market contrarians, plunged the most in 33 years. In other words, the US stock…
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Phuket International Boat Show 2014 sponsorship opportunities
PHUKET: A number of commercial sponsorship and partnership packages are now available for the next Phuket International Boat Show (PIMEX), which will celebrate its eleventh anniversary next January. Sponsorship experts, Paul Poole (South East Asia) Co Ltd, will represent PIMEX 2014 in its drive to attract new sponsors and partners, offering several package tiers (click here for site). Andy Dowden…
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Expose your biz through FC sponsorship
PHUKET: Sponsorship experts Paul Poole (South East Asia) Co Ltd will represent the island’s pro soccer team, Phuket FC, in the club’s drive to find new sponsors for the second half of the 2013 season and beyond. The team is offering three tiers of sponsorship packages as follows: The first tier comprises a Main Shirt Sponsor, which will give the…
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Phuket Finance: Educational arbitrage
PHUKET: I think everyone would agree that a big part of long term financial planning is saving for their children’s university fees, which continue to reach more and more astronomical heights. However, very few people realize there are many ways to greatly reduce these costs without reducing your child’s value on the job market. Arbitrage usually refers to buying a…
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COMMON CENTS: AEC will bring opportunities, threats to Thai, ASEAN citizens
PHUKET: THE ASEAN Economic Community (AEC) to be established in 2015 creates a huge potential for the streamlined flow of labor, goods and services, and investment capital. However, along with this opportunity there are also potential threats which Thailand has to be aware of and address. It is my concern that Thailand is not doing enough to prepare and confront…
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Phuket Finance: Golden rules for investing
PHUKET: Being a successful investor over the long-term is not going to be easy, but if you have been a bad investor in the past, who has lost money investing, chances are it is because you didn’t follow these simple, yet essential rules.Educate yourself about investing Walk into any bookstore and you will likely see several shelves of books covering…
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Phuket Business: Cashing in on Russian relations – Part II
PHUKET: Mr Phisak Nivataphand, the president of the Thai-Russian Chamber of Commerce and advisor for the Russian Studies Center of Chulalongkorn University, was in Phuket recently to give a speech as part of a seminar aimed at promoting Thai-Russian business relations . Organized by Thai-Russian media firm, Expert Media Co Ltd, the seminar was held at the Royal Phuket Marina.…
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Bangkok Hospital Phuket to invest B600mn in facility
PHUKET: Bangkok Hospital Phuket (BHP) has announced that it will invest 600 million baht to open a new hospital on the island by early next year. The site of the as yet unnamed hospital will be on Chao Fah West Road, just opposite the Chao Fa Villa Phuket housing development in Mueang district. Director of Bangkok Hospital Phuket Dr Narongrit…
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