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: A few weeks back a friend of mine told me he’d seen a great band at Gig’s Jam Club in Nai Harn. It sounded like an amazing night and I was kicking myself that I missed it. Then I checked my calendar and it turned out I hadn’t been busy that night and was literally just up the road…
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Local gelato producers serve up the good stuff
PHUKET: In the high season, more than 4,000 scoops of gelato and sorbet – chocolate, licorice, durian, rice and wasabi flavors among them – are produced every day on Phuket by local ice cream makers. Though that’s nearly 10,000 kilograms a month, and does not include sales by big players such as Haagen Dazs and Movenpick, there is still room…
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Phillipp Graf von Hardenberg takes the reins at Thanyapura
PHUKET: It takes one look at Phillipp Graf von Hardenberg’s resume to understand why he was appointed the new President and CEO of Phuket’s Thanyapura. Hailing from Germany, Mr Graf von Hardenberg wears many hats: business coach, entrepreneur, financier, educator, hotelier and if that is not enough – fundraiser and philanthropist. He has turned around the fortunes of the first…
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Generating a passive income stream
PHUKET: The whole point of retirement planning is to get to a point where you no longer need to actively work to provide you with the things you need or want. This can be accomplished by saving enough money that you can draw it down slowly until you die, but the downside of this approach is that you obviously never…
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The military coup is bullish for the Thai Stock Market
PHUKET: For those of us from the United States and Western Europe, it is hard to imagine a military coup occurring in our home countries. Matter of fact, I get calls from nervous friends and relatives asking if I’m okay and if there are tanks in the street. Well, for those of us that have lived here for quite some…
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Coup puts dent in Phuket hotel occupancy numbers
PHUKET: Hotel occupancy has taken a hit in coup-time Phuket with cancellation and booking rates falling short of last year’s numbers. Though figures vary between the Tourism Authority of Thailand (TAT) Phuket Office and the Phuket Tourist Association (PTA), both agencies agree that the coup has affected the tourism industry. “Booking cancellation rates are up about 10 per cent compared…
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Air bookings to Thailand plunge after coup, data shows
PHUKET: Airline bookings to Thailand have collapsed, a travel association said on Sunday, after the military took over the government on May 22, hitting the tourism sector that accounts for 10 per cent of the economy. The coup followed months of protests that weakened the government of Prime Minister Yingluck Shinawatra, forced ministries to close for weeks on end, hurt…
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Lion Air roars into Southern Thailand
PHUKET: Regional low-cost carrier Lion Air has launched services to several new destinations in Thailand, with its Thai subsidiary Thai Lion Air, aiming to establish Hat Yai Airport (HDY) as a second hub in Thailand. Executive Managing Director of Thai Lion Air, Andi Burhan, said that the carrier’s decision to use a 72-seat ATR 72-600 prop plane, the first ATR…
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Video Report: A place to call their own
PHUKET: St James Properties has entered the foray to secure its role in Patong’s burgeoning family tourism market with the recent opening of The Kids Club, located off Soi Bangla, touted as the biggest indoor playground in Phuket. Located at the Patong Promenade shopping mall, The Kids Club is presented as a premium children’s venue, which is now fully operational…
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Jungceylon Patong sees first quarter spike in clients
PHUKET: Jungceylon Patong has announced a 20 per cent increase in clients for the first quarter this year over its figures during the same period in 2013. The increase has resulted in the daily averages at the Phuket shopping mall jumping from 45,000 – 50,000 visitors a day to 50,000 – 55,000, explained Chief Executive Officer of Jungceylon Patong Phuket…
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Rawai roasters tout Thai coffee beans
PHUKET: With the fast approaching Asean Economic Community (AEC) integration, Thailand’s coffee producers will be facing stiff competition from neighboring coffee behemoths Indonesia and Vietnam. Coffee industry experts have long been calling on coffee producers in the kingdom to bring specialty coffee products to market and move away from supplying bulk beans to instant coffee manufacturers. The high-quality beans are…
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Thailand’s Southern beaches remain the country’s most popular destinations
PHUKET: Thailand’s Southern beach resort regions remain some of the most popular holiday destinations for international tourists, with hotels in the area reporting occupancy rates of up to 78% during the first quarter of this year. According to figures from the Tourism Authority of Thailand’s (TAT) eight domestic offices and two coordination centers in Southern Thailand – Krabi, Phang Nga,…
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Business as usual for bars, despite bans
PHUKET: Despite a handful of unexpected alcohol bans due to elections brought about by the ongoing, nationwide political protests, business seems to be barreling forward as usual in Phuket’s premier party town. The Director of the Tourism Authority of Thailand, Anoma Wongyai, told the Gazette, “I think because the alcohol bans were short-lived, only one or two days long, they…
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Chinese vote Phuket favorite destination for students
PHUKET: Phuket has been voted the favorite destination for Chinese students. The accolade was one of six awards won by Phuket at the annual ceremony held by China’s largest Online Travel Agent (OTA), Ctrip.com, and one of nine awards won by Thai destinations in total. The “Ctrip Best Tourist Destination of the Year 2013 Awards Ceremony” was held in Shanghai…
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Leaders from paradise isles to meet in Phuket ahead of ITOP forum
PHUKET: Island leaders from around the world will arrive in Phuket at the end of the month in order to prepare for their 18th annual forum, to take place at the Laguna Phuket resort complex in August. The group, called the Inter-Island Tourism Policy Forum (ITOP), formed in 1997 after officials of Jeju, Bali, Hainan and Okinawa agreed that leaders…
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What if Phuket’s roads took you?
PHUKET: Over the last decade the number of well-known, and often very well-liked, expats who have perished on Phuket’s deadly roads seems to have increased at an alarming rate. Indeed, the most recent case has given me cause to revisit a topic nobody likes to speak about, yet the failure to address it could lead to some rather horrible consequences…
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Thailand OTOP fair in Patong to breach B1bn barrier
PHUKET: The Thailand One Tambon One Product (OTOP) Fair to conclude tomorrow is expected to boost Phuket’s income from OTOP events beyond the billion-baht mark for the year. The Patong event is expected to bring the island’s income from OTOP events for Fiscal 2014 to 1.08 billion baht for the local economy, a 22% increase on sales realized last year,…
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Revamped Tesco Lotus Extra fully open from today
PHUKET: Renovations on the Tesco Lotus Extra Phuket mall, located off the bypass road in Sam Kong, were recently completed and the revamped mall is now fully open for business as of today. Tesco says that more shops, famous brands, and a new food court have been added to the mall, including Starbucks, Fuji, Giordano, Air Asia, as well as…
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Jagota sponsors three new international music and theater events in Phuket [video]
PHUKET: Phuket’s burgeoning events scene received a boost this week with the announcement that leading food supplier Jagota Brothers has signed an agreement with Events International [EI], organizer and promoter of the Phuket Gazette’s series of “Headline Events”, to sponsor three upcoming musical and theatrical performances on the island. The agreement will see Jagota as the title sponsor for these…
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Phuket Business Development Office holds Foreign Business Act seminar in English for the first time
PHUKET: The Phuket Business Development Office (BDO) has announced that it will be hosting a seminar aimed at educating foreign business operators about the provisions of Thailand’s Foreign Business Act B.E. 2542. Topics addressed during the seminar will include whether it is necessary to set up a company to do business in the Kingdom, avoiding red tape and issues surrounding…
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SilkAir celebrates 25 years in Phuket’s skies
PHUKET: Full-service regional carrier SilkAir, a subsidiary of Singapore Airlines, celebrated its silver anniversary in Phuket on Saturday, as its chief executive highlighted the company’s growth goals. Phuket was one of the five original destinations for the regional airline when it was re-branded from Tradewinds the Airline to SilkAir on April, 1, 1992. The number of destinations served by the…
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Phuket Business: Canal dredging project begins
PHUKET: The 12-million-baht project to dredge the Koh Kaew Canal and deepen the existing approach channel from Phang Nga Bay has commenced and is scheduled to be completed by October. The project, which was approved in January by Phuket Governor Maitri Inthusut, will increase access to the Phuket Boat Lagoon, the Royal Phuket Marina (RPM) and the nearby village fishing…
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Video Report: Canal works to boost Phuket marina access
Gulu Lalvani dubbed provincial governor Maitri Inthusut an “action man” while describing his delight that – after ten years of delays – work has finally begun on dredging the channel that leads to Royal Phuket Marina and the Boat Lagoon. Video: PGTV PHUKET: The 12-million-baht project to dredge the Koh Kaew Canal and deepen the existing approach channel from Phang…
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Phuket Business: Seminar on economic and investment trends in Phuket this Thursday
PHUKET: Siam Commercial Bank will be hosting a seminar in Phuket titled “Economic and Investment Trends in Phuket’s Thriving Tourism Industry” this Thursday, March 20 at 1:30pm at the Royal Phuket City Hotel. With industry and investment insight from leading speakers in their fields, the free seminar will be in two languages – Thai and English – and is targeting…
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Phuket Business: Quality and convenient coffee
PHUKET: Getting great espresso or coffee for your home, office or hospitality business in Phuket can be a trying task at times. Dealing with messy coffee grounds, cleaning complicated espresso machines, getting a good froth with your milk and training yourself or your staff to make a consistently good coffee are just some of the troubles you have probably faced…
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Phuket Business: The juice of life
PHUKET: Are you sick and tired of feeling sick and tired? Yes? Then chances are you could be eating healthier, but like so many of us living hectic modern lives, you probably struggle to find the time to prepare healthy food. But now there is a solution – juice it up! Pura Organics, the island’s premier organic food supplier, have…
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Phuket Business: MICE expert to speak at AMCHAM event tomorrow
PHUKET: Tomorrow, March 14, the American Chamber of Commerce (AMCHAM) will host a tourism event at Angsana Laguna Phuket focusing on how to sustainably grow MICE business. One of the keynote speakers at the event will be Mrs Supawan Teerarat, vice president of strategic and business development at the Thailand Convention and Exhibition Bureau (TCEB). The TCEB is a government…
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Phuket Business: Amcham to host MICE tourism conference
PHUKET: The island’s growing MICE (meetings, incentives, conferences and exhibitions) market is a key segment which can help Phuket attract quality visitors. On March 14 the American Chamber of Commerce (AMCHAM) has organized a tourism event at Angsana Laguna Phuket focusing on how to sustainably grow MICE business along with the British Chamber of Commerce Thailand (BCCT) and the Australian-Thai…
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Phuket Business: Making gym cool again
PHUKET: There sure are some exiting sports out there – diving, rock climbing, free running, gym fitness training… wait, the gym? It might be challenging and fulfilling but few would call it exciting. At least this is how things were up until now. A new place here in Phuket is on a mission to change that image. “Unit-27 has been…
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Phuket Business: Music on the move
PHUKET: Entertainment on the move is becoming increasingly widespread these days thanks to the proliferation of smartphones and tablets. With the escalating ownership of such mobile technology, many are also buying headphones and headsets to receive better quality audio. According to the latest findings by GfK, a German-based consumer research firm, the headphone and headset market generated a total of…
![Jagota sponsors three new international music and theater events in Phuket [video] | Thaiger](https://thethaiger.com/wp-content/uploads/2017/08/7_201441113541191_uUPWzjQXubcvdGxyiQBlAtBpojudBeSHouBzQCAa_jpeg.jpeg)
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