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 Business: Rebalancing your stock portfolio
PHUKET: One thing you should do at least once each year as an investor, is re-balance your investment portfolio. I have come across many people who put together a good portfolio, but then, because of not re-balancing, have rode many of their best holdings up and back down. Simultaneously, they are under-invested on holdings that have their best returns many…
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Phuket Business: New trade records set for the island
PHUKET: The Phuket Customs House reported another record-breaking year for international trade, with the island’s surplus of exports over imports in 2012 peaking at 11.4 billion baht, a 10% annual jump. According to Phuket Customs’ receipts for the 2012 Thailand Government fiscal year (October 2011 – September 2012), the value of Phuket’s exports reached a new milestone of 13.5bn baht,…
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Phuket Business: Krabi marina to steam ahead
PHUKET: Two months ahead of Krabi Boat Lagoon’s (KBL) first anniversary, the owners of the Thai Andaman coastal province’s only full-service, full-facility marina, remain optimistic about the region’s tourism, hospitality and boating future. Speaking to the Phuket Gazette at KBL’s 18-year-old brand-parent Phuket Boat Lagoon (PBL), Sriya Yongsakul, the deputy managing director of both marinas, affirmed that all objectives for…
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Phuket Business: Property executives heed warning
PHUKET: The island’s property market continues to grow with a high number of new apartments, condominiums and small hotels in line for approval.This “rising boom” sets the stage for the AEC (ASEAN Economic Community), which will come into effect in 2015. The Phuket Real Estate Association (PREA) recently held an “Executive Dinner Talk” at the Boat Lagoon Resort, inviting Songkran…
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Phuket Business: Why the island continues to buck recession
PHUKET: There is no question that Phuket over much of the last four years has recovered from global recession. However, what is more noticeable is how resilient it has been in terms of tourism, despite a global financial meltdown and political instability on a national level. This resilience allows Phuket to grow while other tourism areas of the world are…
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Phuket Investor: Insure your stock holdings
PHUKET: Some readers of the Phuket Gazette who have stock market investments may feel I ignore them, because of a personal bias against equity investments right now. For those of you who feel you have a knack for choosing good companies, or would like to participate in any upside in the broad markets, but would like to limit your exposure,…
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Phuket Business: Identifying island identity
PHUKET: The American Chamber of Commerce teamed up with the Phuket PR Network to present a fascinating and most entertaining culture-preservation lesson recently in Phuket Town. Held at the Blue Elephant restaurant in the heart of historic old-town, the evening was headlined by two heritage preservation experts, who gave captivating lectures about the importance of Phuket’s cultural past, present and…
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Phuket Business: Local petrol tax under scrutiny
PHUKET: The Phuket Provincial Administrative Organization (PPAO) last week refuted claims that they had introduced a “new” tax to be collected on the sale of all fuels in Phuket, including diesel, marine diesel, benzine and gasohol. The “maintenance tax”, levied as a 10% surcharge on the sale of all engine fuels, is the same tax previously collected by the Excise…
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Phuket Business: Challenges ahead of ASEAN’s young union
PHUKET: Eliminating tariffs that financially penalize members of ASEAN, is one of the stated long-term goals of the AEC (ASEAN Economic Community).When economic unions were proposed in the United States and Europe, tariffs became a defining factor that would later determine the outcome of those unions.Now that ASEAN has decided to form an economic union – the AEC – in…
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Phuket Business: Calculating the Sharpe ratio
PHUKET: One statistic you will often see when looking at a fund’s performance is the “Sharpe ratio”. This is an attempt to quantify the excess return for a given level of risk. For example, two funds may both return 12%. If one returns a steady 1% every month while the other swings up and down, common sense and our blood…
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Phuket Business: HMRC approves Gibraltar
PHUKET: Another surprising development in a year which has seen the UK pension transfer market repeatedly shaken up and placed on its head, Gibraltar announced last recently that it received confirmation from (Her Majesty’s Revenue & Customs) HMRC that it may resume accepting QROPS (Qualifying Recognized Overseas Pension Schemes) transfers. The move is extremely surprising because HMRC is not known…
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Phuket Business: Signs of the island’s time
PHUKET: The Phuket Provincial Government recently published its economic summary report for the first six months of the year (F6M12). The in-depth report highlights year-on-year (y-o-y) figures and trends in trade, consumerism, and in the island’s tourism, property, investment and agricultural sectors. Here, the Phuket Gazette outlines some of these.TourismThe total number of tourist arrivals in F6M12 remained steady with…
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