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.
-
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…
-
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…
-
Finance: What interest rate hikes mean for investors
PHUKET: Early last month, the US Federal Reserve raised interest rates, with the market largely ignoring the long-expected move. With at least a couple of more rate increases expected in the near future, I would still not expect the market to suddenly turn bearish. If the Fed thought the US economy was still too weak, they would not be raising…
-
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…
-
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…
-
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.…
-
Finance: Securing your financial future
PHUKET: It really doesn’t matter if you make a little money or tonnes. If you can’t master this very important step you will never achieve financial freedom. It sounds all too simple in theory, yet in practice so many people have trouble staying disciplined. The step I am referring to is committing to setting aside a minimum of 10 per…
-
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…
-
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…
-
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…
-
Finance: The markets are aiming higher
PHUKET: At the start of 2017, much of the media coverage about the stock market was focused on the Dow Jones reaching the 20,000 level, with some commentary about how the ‘January Effect’ or ‘January Barometer’ theories could help the market. Before discussing what I believe technical indicators are predicting, we need to debunk any theories that claim to predict…
-
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…
-
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…
-
Business Buzz: Social Media trends to look out for in 2017
PHUKET: Another year gone and the social media scene has witnessed a lot of changes, with new platforms such as Periscope and Snapchat rising in popularity – while Twitter continues its slide. Video, 360 degree images and smart graphics will likely continue leading the way in content marketing and branding, appealing to our need for instant gratification and shorter attention…
-
Deputy PM pushes to implement Thailand 4.0
PHUKET: Deputy Prime Minister Admiral Narong Pipatanasia met with the governors of Phuket, Phang Nga, Ranong, Krabi and Trang last week to push for the implementation of the Prime Minister’s ‘Thailand 4.0’ policy to bolster the economy in the Andaman region. At the meeting, held at Phuket Provincial Hall, Admiral Narong said that the nationwide plan initiated by Prime Minister…
-
Krabi locals selling palm seeds to boost income
PHUKET: Krabi locals have managed to find a new way to fill up their pockets with extra cash every month by collecting palm seeds (look chok) from nearby forests. Originally earning a regular income from rubber plantations, an additional income of 15,000 baht per month comes by collecting look chok and using them to make and sell desserts in their…
-
Ten reasons why the market will head higher
PHUKET: US and global markets continue to hold in a tight 2-3 month range near new highs after breaking out of a long 1.5 year consolidation just after Brexit. This is occurring despite all the pessimism out there surrounding the US elections, the Fed, terrorism, Brexit fallout, Deutsche Bank troubles and other concerns. I have ten reasons to believe the…
-
Kata Group taps into trillion-yuan wedding market
PHUKET: Kata Group Resorts Thailand aims to host up to 2,000 weddings in Phuket over the next three years after forming an alliance with Travel Wedding (Beijing) to exploit the growing market of Chinese honeymooners. The group, which owns seven hotels in Thailand, this month launched a range of wedding and honeymoon products to be exclusively promoted in China to…
-
Business Buzz: Think before you share online
PHUKET: This month we are going to cover a range of things that have been topical recently, and a timely reminder of what is important locally. I am going to show my age as a Generation Xer. Growing up, compared to now, things are a little bit different. Whenever we had to do a study assignment, we used to go…
-
Finance: Watching elections and electronics
PHUKET: October is known for volatility and a stock market pullback just before the US election could still happen. However, over the past several weeks, I have been seeing defensive stocks weaken and growth stocks start to strengthen. There has also been some movement back into IPOs which could be signs of a speculative bull market forming. Aside from the…
-
Demand for black clothes soars
PHUKET: The government and private sectors have joined hands to ensure that the demand for black-colored clothing is taken care of in Thailand, including in Phuket. The move came after the government announced that government officials must wear black clothing for an entire year during the official mourning period of HM King Bhumibol Adulyadej. It is recommended, but clearly not…
-
Finance: Listen to price rather than opinions
PHUKET: It’s clear that the entire world is focused on the coming US elections as several of my non-US clients have asked me recently what the impact on their investments will be if Donald Trump actually is elected. One worried client even sent me an article from the New Yorker, highlighting the following lines: “The Economist Intelligence Unit, an economic-and-geopolitical-analysis…
-
Krabi hosts Global Rubber Conference 2016
PHUKET: Experts and industry players from 25 countries met at the Global Rubber Conference 2016 in Krabi on October 11, to discuss the future prospects of the rubber industry in Krabi and all over the world. The two-day conference was held at Deevana Plaza, Ao Nang, and was organized by the Rubber Authority of Thailand (RAOT) and Confexhub. “More than…
-
Wicker products a hit with tourists
KRABI: Handmade bamboo and wicker products manufactured by senior citizens have generated much interest from tourists and foreigners in Krabi. The group is now represented under the Krabi One Tambon One Product (OTOP) banner. The project started in 2014 when a team of 14 senior citizens in Khao Kram sub-district decided to learn the craft and manufacture wicker items in…
-
Biz leaders make French connection
PHUKET: Phuket’s tourism industry leaders are banking on boosting the number of foreign visitors to the province by about 20 per cent during the year-end high season by attracting more French tourists. Local hoteliers, tour operators and agencies are hopeful of a new influx of French nationals after a string of successful roadshows in Nice, Lyon and Paris, from September…
-
Finance: Leading tech stocks emerge
PHUKET: As of mid September, the overall market appeared to be in a volatile choppy transition phase. Some individual stocks are doing well while others are continuing to be punished. Certain indices such as the S&P 500 aren’t exactly performing that well either. However, there are leadership stocks forming, consolidating and blasting higher, with technology stocks doing particularly well. This…
-
Phuket Smart City emblem revealed
PHUKET: The Phuket Chamber of Commerce launched Phuket’s official ‘Smart City’ logo at an awards ceremony late last month. The colorful contemporary design of a Sino-Portuguese style archway was designed by Ekkachai Jingjai, who was handed the award of 10,000 baht by Chamber President Surachai Chaiwat. The intricately thought out design symbolizes Phuket’s past, present and future. Mr Ekkachai’s logo…
-
New venture fills luxury travel niche
PHUKET: Getting from the airport to a hotel in Phuket is probably one of the biggest headaches facing any visitor fresh off a plane. Public transport is limited to just about nothing and taxis have long been notorious to do business with here, so there has been a gap in the market just waiting to be filled – offering tourists…
-
Local vendors cash in on Pokemon trend
PHUKET: Local vendors at popular Pokemon catching spots in Phuket have experienced a boost in income since the launch of Pokemon GO in Thailand. However, some vendors expect this spike to be short lived. For those who are wondering what Pokemon GO is, it is Nintendo Company’s mobile phone game which marries a classic 20-year-old franchise with augmented reality, and…
-
Prime Minister to visit Phuket this month
PHUKET: Prime Minister Gen Prayuth Chan-o-cha is to visit Phuket on September 16 for the regional launch of a new nationwide initiative aimed at helping budding local businesses get off the ground and into the international arena of digital commerce. The Startup Thailand 2016 campaign was launched by the prime minister in Bangkok in April as a joint government and…
Don't forget to check out some other things to do in Thailand - get help starting a business or finding a job in Thailand, buy Thailand property, rent a yacht or book a medical procedure worldwide.