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: Using exchange traded funds
PHUKET: In today’s uncertain economy, investors are increasingly seeking diversification, safety and a secure income. Interest rates continue to hover at or near all time lows in many countries, and the continued uncertainty about the strength of the global economic recovery has made many investors extra cautious. Nevertheless, there is one investment option available that can offer risk-adverse investors both…
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Phuket Business: Island’s inflation skyrockets
PHUKET: Not only does Phuket continue its reign as the most expensive (consumer) province in Thailand, but the island province’s rate of inflation doubles that of the national average, recent economic data shows. The Phuket Commerce Office, in collaboration with the Phuket provincial government and the Commerce Ministry’s Information Office and Bureau of Trade and Economic Indices, recently published the…
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Phuket Finance: No fund is risk free… but
PHUKET: I recently began using a very interesting fund with retirees who need a steady income called Lavaux Capital, which is run out of the very well-regulated jurisdiction of Switzerland. The managers have all been involved in trade finance for many years and basically specialize in bridge financing backed by insurance contracts. The fund pays 8% simple interest in quarterly…
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Phuket Business: Tourism growth projected at 15% by Seacon head
PHUKET: Piya Sosothikul, executive director of Seacon Group, and owner of the Renaissance Phuket Resort and Spa, recently gave his outlook for Phuket tourism. Mr Piya said he expects tourist arrivals to increase by 15% this year, despite a decline in arrivals from the island’s traditional tourist source markets in Western Europe, due to the economic and financial crises affecting…
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Phuket Business: Coca-Cola pouring B200mn into Thai cola battle; New player enters market
PHUKET: Coca-Cola (Coke) is spending 200 million baht on marketing in the final quarter of this year in hopes of surpassing Pepsi to become the undisputed leader of Thailand’s 38.5 billion baht carbonated-drink market.Colas represent about 75% of Thailand’s carbonated drink market. This is followed by flavored drinks (20%) and lemon-lime beverages (5%). The cola segment is also the most…
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Phuket Business: Get your head in the clouds
PHUKET: Information technology (IT) has dramatically changed the way people communicate and do business. Changes in information technology are rapidly taking place and investors who are able to spot the newest trends can profit from those trends greatly. One continually evolving trend is “cloud computing”. Investors focused on IT growth stocks and exchange-traded funds (ETFs) have several options when it…
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Phuket Business: ASEAN set to ink deals with China
PHUKET: ASEAN and Chinese leaders are set to ink two Free Trade Agreements (FTA) facilitating commerce at a bilateral summit later this month. Representatives will meet on November 18 in Cambodia, at a summit between ASEAN leaders and six partner countries.One agreement would eliminate some trade barriers related to sanitary and phytosanitary (animal and plant health) standards; the other would…
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Doing Business in Thailand: AMCHAM Legal Forum
PHUKET: AMCHAM will hold a forum titled ‘Doing Business in Thailand – 3 Things You Should Know’, on Thursday, November 29, at Royal Phuket Marina. Three top international lawyers will be on hand to talk about how to do business without Thai nominees, enforcing contracts through arbitration, and the increasing focus on criminal corrupt practices and anti-corruption laws. The event…
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Phuket Business: Andaman tourism campaign aims for 20 million
PHUKET: Woravat Auapinyakul, Minister to the Prime Minister’s Office, has told the Phuket Gazette that he expects the “Andaman – The World Experience” tourism initiative to attract more than 20 million tourists to the region. At a meeting at Phuket Provincial Hall held recently to chart the progress of the tourism initiative, Mr Woravat said that intense competition within the…
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Phuket Business: Makro – now bigger and better
PHUKET: The newly renovated Makro Phuket has reopened its doors, announcing that it is better equipped to meet the cooking and catering needs of local hotels, restaurants and cafés (HoReCa).With an emphasis on enhancing the capabilities of businesses to maintain international standards, the membership-based wholesaler has increased the quantity and diversity of its consumer products, which include both fresh and…
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