Business News
Stay abreast of the ever-changing Business News in Thailand through our comprehensive coverage of local and international business events, market trends, and economic updates. We provide reliable analysis, in-depth features, and expert insights on the most relevant business stories, including issues affecting Thailand’s stock market, foreign investment, and entrepreneurship. Track the business world’s pulse as we inform you of crucial developments shaping Thailand’s economic landscape.
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Phuket business: What does the UK budget mean for British expats?
It’s that time again when George Osborne tries to tighten the purse strings for the UK economy and cut down the huge debt levels the youth of today have inherited from poor decision making and fiscal policies of the past. Inconsequential it may well be to certain socio-economic brackets with Mr Osborne’s large outstretched arm unable to ruffle their financial…
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PHUKET BUSINESS: Artificial reefs key to mass tourism dive industry
PHUKET: In the tourism game creating memories is everything, explains the Head of Development at Reef Worlds, Dave Taylor. “If you can create a tourism memory then you have won your game. You have won everything, because that’s a memory that never leaves a potential client, and they always come back to it,” Taylor told the Phuket Gazette in an…
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Phuket Business: Transit proposals keep coming
PHUKET: Two more parties have engaged the Phuket provincial government about the prospect of developing the island’s multi-billion baht light rail and tunnel mega projects. A multinational delegation from the Chinese construction giant China Gezhouba Group Corporation (CGGC) visited with Phuket Governor Tri Augkaradacha recently. “We are the biggest company in China and the 80th largest company of the top…
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Phuket Business: ThaiVisa penetrates neighboring markets
PHUKET: ThaiVisa.com, the leading English-language social networking website about Thailand, is expanding its operations to Myanmar and Cambodia.“We have carefully studied internet traffic trends and we see a sharp rise in search traffic and interest about our neighbor Myanmar,” said Barry Main, marketing director of Bangkok-based ThaiVisa Expat Group Co Ltd.“We believe it’s pretty easy for us to get a…
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Phuket’s Courtyard by Marriott in Kamala to reopen as Swissotel
PHUKET: Global chain Swissotel will reportedly take over management of the former Courtyard Marriott Kamala Beach effective April 1, reports Phuket Gazette Property Watch columnist Bill Barnett. The 180-key, all-suite hotel, which is owned by Destination Properties, is part of a Phuket portfolio that includes former Courtyards in Surin Beach and Patong. The news follows Marriott and Destination Properties announcing…
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Phuket AMCHAM/PR Network to hold Sports Destination Tourism Seminar
PHUKET: A panel of leading experts will conduct a session on the high velocity potential of Sports Tourism and its impact on Brand Phuket at Thanyapura Sports and Leisure Club’s (TSLC) ‘The View’ on May 24. Among those giving presentations will be Debbie Dionysius, Assistant Vice President of Destination Marketing at Laguna Phuket, who will discuss how the success of…
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Phuket Business: Learning from the master investor
PHUKET: Warren Buffet, CEO of Berkshire Hathaway, is arguably the greatest investor of our time. Most of us can never hope to achieve the kind of success he has had, but we would all probably do well to follow some of his very common-sense advice. I have gathered a few quotes attributed to him for this week’s article. They’re pretty…
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Phuket fractional ownership ventures into new waters
PHUKET: Among the many luxury yachts to go on display at the 2012 Phuket International Boat Show (PIMEX) at Royal Phuket Marina. on Thursday will be the event’s first fractional ownership boat for sale. Shared ownership pioneer Absolute Fractionals will showcase the Elan42 luxury motor yacht. A product of one of Europe’s largest and long established shipbuilders, the yacht features…
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Phuket’s Kata Group opens ‘Beyond Resort’ in Khao Lak
PHUKET: The Kata Group, one of Phuket’s best-known resort chains, celebrated the latest addition to its portfolio of luxury resorts on Friday.Located in Phuket’s neighboring province of Phang Nga, the new property in Khao Lak, branded as the ‘Beyond Resort Khao Lak’, is the group’s first foray out of Phuket since the opening of its Kandaburi Resort and Spa on…
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Phuket Business: Copyright fraudsters on the prowl
PHUKET: Operators of entertainment establishments that utilize copyright protected songs should be wary of personnel claiming to be royalty collectors, a statement issued by the Department of Intellectual Property has warned. The warning, published last week on the Ministry of Commerce website, said that the department has recently received a number of complaints from establishment operators in Phuket, Pattaya and…
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Phuket Business: The European tourist market is dormant, but not done
PHUKET: Local officials and tourism industry representatives are optimistic about the revival of the European tourist market in the near future, following the recent success of a Phuket tourism promotion roadshow in Germany. The Internationale Tourismus – Borse 2012 (ITB 2012), one of the largest tourism trade shows in the world, was held in Berlin, Germany. Representing Phuket at the…
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Phuket Business: Batik operations seek integration
PHUKET: The Phuket Provincial Industry Office (PPIO) recently led a seminar to reinforce the continued development and integration of the island’s high-potential Batik fabric industry. The industrial promotion event marked the beginning of the second consecutive year of efforts to develop local production, reinforcing momentum from the forming last year of the Phuket Batik Cluster. That initiative was marked by…
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Princess Yachts say ‘thank you’ in style
PHUKET: Princess Yachts Thailand held a lavish ‘thank you party’ at Phuket Boat Lagoon on Thursday evening in conjunction with the launch of the Princess Yachts South East Asia network. The annual Princess Rendezvous started on the evening of March 22 before their cruise to Phang Nga Bay and Hong Island in Krabi on March 23. Hundreds of guests attended…
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Blue Flag Fair a hit in Phuket Town
PHUKET: Wage slaves suffering from rising consumer costs and stagnant salaries have been flocking to the Blue Flag Consumer Products Fair at Sanamchai field in Phuket Town, where government-subsidized consumer staples and other products are on sale at rock-bottom prices through tomorrow. Supacha Bunthalit, who heads the Department of Internal Trade (DIT) Office in Phuket, told the Gazette the most…
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Laguna Phuket MD resigns
PHUKET: Michael Ayling has resigned his position as Managing Director of Laguna Resorts & Hotels, which owns and operates the Laguna Phuket resort complex on Phuket’s west coast. A media statement issued this morning noted that Mr Ayling’s last day with the renowned resort company will be on May 31, 2012. According to the statement he will be leaving the…
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Phuket Business: A mortgage in the UK
PHUKET: House prices in the UK have suffered a dramatic fall over the past few years and banks have made it harder for first-time buyers. To put it bluntly, banks have made it harder for any buyer getting on the housing ladder when prices are low. Although UK house prices are expected to make a steady recovery over the next…
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Phuket Business: Andaman motor show drives sales; Limited companies spike
PHUKET: THE 14th Andaman Motor Show, organized last week at HomeWorks, opposite Central Festival Phuket, concluded with one of its most vibrant years in car sales. The six-day event, this year under the theme “Summer on the Beach”, ended on Wednesday. “We don’t have final figures for the overall number of car loan applications yet, but I have to admit…
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Phuket Business: SET in the city
PHUKET: Investors in Phuket became privy to invaluable financial advice at the island’s inaugural investment extravaganza hosted by the Stock Exchange of Thailand (SET) recently. Organized in collaboration with the Phuket Chamber of Commerce, Phuket Federation of Industries and the Phuket Bankers Association, it was the first time for “SET in the city” to be held in Phuket. The event…
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Phuket Business: APSA gears up for boat show
PHUKET: ASIA-Pacific Superyacht Association (APSA) is gearing up for the Phuket International Boat Show (PIMEX), to be held at the award-winning Royal Phuket Marina from March 29 to April 1. The leading consumer boat show in Asia, PIMEX will feature the largest in-water boat display with more than 50 boats representing leading brands from around the world. The line up…
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Phuket business: Tourism campaign lures swingers; Tourism and hotel college enrolls for May
PHUKET: With the Thai summer just around the bend, club swingers are among the latest tourist group that the Tourism Authority of Thailand (TAT) has set its sights on. In a bid to increase golf tourists to the country by 10%, TAT this year has partnered with MasterCard to launch the “72 Hours Amazing Thailand Golf Paradise” campaign. All in,…
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Phuket Business: Krabi shaping up as an oil hub
PHUKET: Agricultural development initiatives look to position Krabi province as a new regional and world hub for the production, supply and retail of palm oil.When the Asean Free Trade Agreement (AFTA) comes into full effect by 2015, traders and merchants from Malaysia, Indonesia, the Philippines, Vietnam, Cambodia, Myanmar and Laos will enjoy tariff-free trading of most Asean-produced goods and commodities,…
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Phuket business: Tax filing deadline approaches
PHUKET: For anybody who generated income in Thailand last year – regardless of where or how they were paid – the personal income tax filing deadline is March 31. In this two-part series, the Phuket Gazette will outline the need-to-know basics for filing personal income tax in Thailand. First, we will cover taxable income, deductions and tax certificates. In the…
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Phuket business: A speculative investment
PHUKET: I remember as a young kid growing up in the US often seeing bumper stickers on cars with slogans about freeing Burma. When I was I first planning to move to Phuket, Thailand I still had no idea where Burma was, as the maps now showed some country I had never heard of called “Myanmar” bordering the Kingdom to…
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Asia-Pacific Superyachts to join Phuket International Boat Show
PHUKET: Asia-Pacific Superyacht Association (APSA) will be exhibiting at this year’s Phuket International Boat Show (PIMEX) and Singapore Yacht Show (SYS). APSA members will be on hand to offer comprehensive information about the Asia-Pacific region, the association, its work and its member companies. “It is great that APSA has the support of the Informa Yacht Group and the APSA membership…
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Phuket gears up for PIMEX 2012
PHUKET: The Phuket International Boat Show (PIMEX), to be held March 29 to April 1 at the award-winning Royal Phuket Marina, is set to showcase top global boat brands. The leading consumer boat show in Asia, PIMEX has the largest in-water boat display. More than 50 boats representing the leading boat brands from around the world, will be on display.…
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Phuket workers have new hospital option under social security
PHUKET: The Phuket Provincial Administration Organization (OrBorJor) Hospital is accepting applications from workers who want the new hospital to be their primary healthcare provider under the Social Security insurance scheme. The OrBorJor hospital, located on the east side of Phuket Town, has been actively courting new patients since its opening in May last year. Darawan Jinda, who heads the hospital’s…
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Phuket business: Indonesia – Asia’s new rising star
PHUKET: For many of us expats in Phuket, our Asian paradise has sheltered many of us from the financial woes being experienced back home by family and friends. Asian markets, though not totally immune to European debt levels and the impending push for White House power, have been fairly resilient over the last few years and have provided steady economic…
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Phuket business: Luxury auto dealer projects 25% growth
PHUKET: Highlighting the European high-end car market’s upward trend in Phuket, a major luxury car dealer has set its sales target to be 25% higher than last year. Sureeporn Udompolvanich, CEO of TSL Auto Corporation Co Ltd, revealed that the company was able to sell 800 cars in 2011 with a 15% increase in total revenue when compared to 2010.…
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Phuket business: Multi-billion baht deal signed
PHUKET: Ruea Yacht, the luxury yacht building division of Phuket-Bangkok based Yacht Solutions, has joined forces with Northrop and Johnson – one of the world’s largest independent yacht brokerage firms. Highlighting the increased demand, supply and overall growth in Thailand’s superyacht industry, the new partnership will generate billions for the local economy. Director of Northrop and Johnson said: “Over the…
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Phuket business: LED systems to dim costs
PHUKET: Businesses and private homes looking to reduce overheads and increase marketing and profit potential can benefit by tapping into the latest LED powered solutions. Osram-Traxon (Thailand), have partnered with SAPL-CAL Solutions and Boonsoong Technology Co Ltd to showcase its latest products at the Phuket Life and Drive Show, scheduled for March 28 to April 2 at the Homeworks complex…
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