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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Honda’s BigWing takes off in Phuket
PHUKET: Honda’s BigWing dealership announced its arrival in Phuket yesterday with drum rolls and engines roaring, as the island’s biking community were eager to get their hands on the latest offerings from the Japanese giant. Following their successes in Chiang Mai, Pattaya, Udon Thani and Bangkok, the island was the natural choice for the brand’s expansion into Southern Thailand. Honda…
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CB500x gets new Phuket wings
PHUKET: Bike lovers are anticipating the new Honda BigWing motorbike dealership and showroom, set to open its doors in Phuket on Thursday (March 28). A Honda sales representative told the Phuket Gazette that the dealership has already received many inquiries and reservations. “Since the beginning of the year CB500X has been the talk of the town not only amongst the…
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Phuket Business: You can run, but you can’t hide
PHUKET: In light of the ongoing ‘federal fiscal fiasco’ in Washington DC, the US tax regime is looking to grow its global revenue pool, with American expats residing in places like Phuket high on the list to be scrutinized. Recently a group of American taxpayers gathered in Phuket for an informative yet dreaded update seminar about the latest income reporting…
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Phuket Business: Why Google is still the best
PHUKET: The word ‘Google’ is a household name, synonymous with the word ‘search’ or even ‘research’ for most people around the world. The name itself originated from the word ‘Googol’, coined by Milton Sirotta, meaning the number 1 followed by 100 zeros; basically an extremely large number. It represents the vast universe of information that Google makes available to the…
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Phuket’s scrap yards cleaning up
PHUKET: As part of a campaign to raise awareness about pollution, and thus reduce it, the Phuket Environmental Office is conducting appraisals of the island’s antique shops, warehouses and old household item scrap yards. So far, a total of 39 businesses on Phuket have been targeted by the government campaign, which looks to certify related operators as a “Green Antique…
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Phuket Business: Three more subdivisions get approval
PHUKET: A recent Phuket Land Subdivision Committee (PLSC) meeting gave provisional approval for three Land Subdivision Permit (LSP) applications, while denying another application. Chaired by Phuket Vice Governor Chamroen Tipayapongtada, the PLSC’s first meeting this year was held on March 5 at the Phuket Land Office. Among the topics addressed in the meeting was the review and consideration of four…
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Phuket Pearl’s crowning achievement
PHUKET: Phuket Pearl Group was selected to design and make the tiara for this year’s Miss Thailand World beauty pageant finalist, who will be crowned on April 9 in Bangkok. Mr Amorn Intha-charoen, president of the Phuket Pearl Group, revealed that his company was selected to design the crown as part of a competition that was organized by Thai TV…
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Reflecting on currency exposure
PHUKET: If you are a long-term expatriate living in Phuket, Thailand, you have probably seen the Thai baht appreciate significantly against your home currency – a trend that will likely continue for the foreseeable future. This appreciation (along with an average inflation rate of 2.7% since 2000) makes it increasingly expensive to live in Thailand at a time when you…
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Phuket Business: A land of opportunity
PHUKET: The island emerged last year as Thailand’s strongest hotel market, according to a recent report by Jones Lang LaSalle. The report, entitled Spotlight on Thailand – Hotel Investment Market said that as of December 2012, year-to-date (YTD), Phuket had an occupancy rate of 72.4%. Meanwhile, it said that the Average Daily Rate (ADR) was 3,902 baht, which resulted in…
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Phuket Business: French ambassador to boost SMEs
PHUKET: The new French Ambassador to Thailand, Thierry Viteau, made his first visit outside of his station in Bangkok recently to discuss in Phuket the need to strengthen relations in the tourism market. “Phuket and Nice in France have been ‘sister cities’ since 1989; I want to take this opportunity to re-strengthen and renew our relations,” Amb Viteau, who assumed…
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Phuket Business: Local firm takes the LEED in sustainability
PHUKET: The island-based construction and development firm, Development Management Group Co Ltd (DMG), recently announced that its Sustainability Manager, John Covello has earned his LEED Accredited Professional (LEED AP) certification. The designation, with a specialization in Building Design and Construction, makes John one of a small number of sustainable building specialists in Thailand. LEED, which stands for Leadership in Energy…
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