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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Phuket Finance: Understanding your fund’s “duration’
PHUKET: As I have written extensively about the dangers of bond funds in the current environment, it is worth mentioning a standard measurement used to determine approximately how sensitive a bond portfolio or fund is to interest rate increases. Don’t let the word duration fool you; what the measurement actually means is, the approximate decrease in value for a 1%…
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Phuket Business: British Airways – 79 years of service to the Kingdom
PHUKET: After 79 years of service to Thailand, British Airways (BA) says it still sees the Kingdom as an important market because more executives, especially from small and medium-sized enterprises (SMEs), will fly out to ink business deals.The airline will use its strong network to connect local businessmen not only to its home base in London, but also to other…
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Phuket Business: New “liberalization’ of aviation manufacturing
PHUKET: A new government initiative to allow foreign investors to hold 70 per cent or more of a company manufacturing aviation parts will help promote Thailand as a regional repair center for the industry, says an executive at Thai Airways International.Danuj Bunnag, executive vice president of THAI’s commercial department, welcomed the plan and said it would help strengthen Thailand’s performance…
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Phuket Business: Staying the course
PHUKET: The island’s first and only authentic miniature golf course, “Phuket Adventure Mini Golf”, recently celebrated the completion of its first year of operation. Swedish owners, Thomas and Pia Anderson, Phuket expats for nearly a decade, spoke to the Phuket Gazette about the past, present and future of their leisure attraction, the first of its kind in the Kingdom, located…
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Explaining UK pension transfers
PHUKET: For the many people who leave the UK each year to live, work and retire in Thailand, or many popular countries across the world, a decision needs to be made as to whether they will keep their private or occupational pension funds in the UK or transfer them overseas. Since April 6, 2006, an individual looking to transfer their…
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Phuket Business: B300 minimum wage hike to worsen labor shortage
PHUKET: With the nationwide minimum wage set to rise to 300 baht, a labor shortage tops the list of business risks for property and construction firms in 2013. To consumers, this could mean longer construction periods while they wait to take possession of their new homes.Thailand’s construction, infrastructure and manufacturing sectors are now facing a shortfall of about 200,000 workers.…
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Phuket Business – Think outside the box: Pornthip
PHUKET: The island’s most recognized local food-gift company Pornthip (Phuket) Co Ltd, was recently honored with the “Good Design Award” in Japan for the packaging of its Sino-Portuguese snack gift items. This was the second year in a row the company received the accolade for its unique and innovative packaging design. Also recognized with the “G Mark”, the annual award…
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Phuket Business: We want to help – IRS
PHUKET: The Internal Revenue Service (IRS) insists that it wants to assist US citizens residing overseas, including dual citizens, in catching up with tax filing obligations and provide assistance for people with foreign retirement plan issues.“We want to help US citizens abroad get current with their tax obligations and resolve pension issues,” said IRS Commissioner Doug Shulman.Shulman said that as…
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Phuket Finance: Bonding with your portfolio
PHUKET: People usually think of bonds as safe investments, although I have written before about the dangers that are not so obvious to investors. The reason they can be dangerous in a low interest rate environment, such as we are in now, is because as interest rates rise, the market value of a bond or portfolio of bonds drops, and…
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Phuket Business: HotelTravel – here to stay
PHUKET: After 13 years building his company from the ground up, Phuket expat Blair Speers set a local business benchmark last month when he sold HotelTravel.com (HT) to the Indian based travel and e-commerce group that operates MakeMyTrip.com. Shortly after the US$25 million (760mn baht) acquisition was finalized, executives from the MakeMyTrip Ltd Group (MMT) met with employees at the…
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Phuket Business: Chapel bells boost dress sales
PHUKET: The business of love continues on an upward trend, with Phuket’s Modern Wedding Studio reporting a spike in monthly sales volume by as much as 75% over the last three years. “Business shot through the roof after we were featured on a game show called ‘SME Tee Tak‘ a few years ago.” Mr Narin explained that the nationally televised…
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