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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Boonthaworn Phuket showroom to open by October 1
PHUKET: After years of delay, Bangkok-based construction materials retailer Boonthavorn is moving forward with its plans to enter the Phuket market with the opening of a “mini-showroom”.The new facility will be located between Songkhla and Yaowarat roads, near the Tesco-Lotus junction in Rassada.Speaking to the Gazette at the project site, Boonthavorn architect Jiravut Kararun said the company is currently renovating…
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Phuket Business: New trade surplus high; FDI jumps 66%; Foreign shares to be scrutinized
PHUKET: Three-quarters of the way into the government’s current fiscal year, international trade in Phuket is thriving, with this year’s trade surplus already surpassing last year’s record high. Phuket Customs House’ records through June 30 show that the value of exports in the 2012 government fiscal year (October 1, 2011 to September 30, 2012) is now at 12.06 billion baht…
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Phuket Business: Transit investors; Travelmob makes a move
PHUKET: A Thai-Australian consortium was the latest multi-national delegation to express interest in constructing the Phuket mass-transit, light-rail project which Cabinet gave provisional approval for at the mobile Cabinet meeting in Phuket in March. Thai Rail Tech company representative Sirichai Prasertwaree and Neil Heaton, general manager of the Hong Kong branch of United Group Limited (UGL), on July 10 met…
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Phuket hotel investments surge in 2012
PHUKET: Jones Lang LaSalle Hotels is predicting that Phuket will be one of Asia Pacific’s hotel investment hot spots in 2012, following record sales in the first half of the year. Investment in the hotel property sector in Phuket is expected to exceed 10 billion baht (US$315m) for the full year for first time ever in 2012. Mike Batchelor, Managing…
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Phuket needs “facelift’ before ASEAN Community 2015
PHUKET: Officials took another look at necessary island developments during a Phuket Tourism Association (PTA) seminar Friday, as Phuket prepares to enter the ASEAN Economic Community (AEC) 2015. “This is the third seminar that [the PTA] has held on this topic, because we understand the importance of ‘creative tourism’ and the necessity of applying it to Phuket in preparation for…
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Phuket Business: Risk on, risk off
PHUKET: There has been an increasing amount of correlation in the markets ever since the increased use of computers and algorithms. This has caused a lot of trouble with conventional diversification methods, and when markets get reactive to political tensions as they have been recently, it is common to see things moving in tandem across assets classes as developments are…
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Phuket Business: Google extending online reach for local businesses
PHUKET: Celebrating its inaugural year and 100,000 new businesses online, Google Thailand’s ‘Thai Businesses Go Online’ program (TBGO) has paved the way for the next stage in the evolution of an economically prosperous online ecosystem. Highlighting TBGO’s success, the IT and Marketing mega-icon’s country office reported that it has attracted more than 100,000 participants nationwide in a year – far…
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‘Creative Tourism’ seminar in Phuket next week
PHUKET: In preparation for the measures of the Asean Economic Community (AEC) set to take effect in less than three years, the Phuket Tourist Association (PTA) will host a seminar on Friday, July 20 to promote sustainable tourism under the concept of “creative tourism”. Among the distinguished guests invited to speak are former Bangkok Governor and current Democrat Party deputy…
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Phuket Business: Notice and redemption periods
PHUKET: One thing many investors don’t understand when looking at a fund fact sheet, is how long it will take to get their cash back when they sell. There are generally two pieces of information you’re looking for: one is the notice period and the other is the redemption period. These two things, in addition to a third factor –…
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Phuket Business: Migrant workers regulations; AirAsia move; Prefab construction
PHUKET: Employers in Phuket have been allotted additional time, until December 14, to have their Burmese, Laotian and Cambodian migrant workers complete the nationality verification process so they can be legally registered to work in Thailand. Phuket Vice Governor Sommai Prijasilpa explained the news to employers and their representatives at a meeting on June 20 organized by the Phuket Provincial…
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Phuket Business: The changing landscape of Phuket’s property sector
PHUKET: Demand on Phuket for condos is skyrocketing, highlighted by strong annual growth figures, which is in contrast with slumping sales of other housing types. A survey conducted by the Research & Development Department of Plus Property Co Ltd found that 2,641 new condominium units were sold on the island from April 1, 2011 through March 31, 2012 – an…
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