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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Sponsored Boost your business in Thailand: 5 powerful benefits of using BoostedByPeople
As a business owner in Thailand, you know how tough it is to stand out online. Ads get skipped, scrolled past, or flat-out ignored. People are more sceptical than ever about what they see on their feeds. And even when...
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WTF – “What The Future Holds” Event Summary
PHUKET: Professor Steve Keen is often quoted as saying that the only people who believe they can see the future are fortune tellers, economists and God, and that, while he’s sceptical about fortune tellers, he knows for a fact that economists are deluding themselves, often with appalling consequences. Managing clients’ hard-earned assets shouldn’t be based on an individual assumption of…
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Oh what a feeling… walking on the ceiling
PHUKET: Lionel Richie’s feel-good 80s tune is about to apply in a more literal sense, with the opening of Phuket’s newest quirky, off-the-wall attraction which will enable visitors to actually dance, or walk, or crawl, or slide… on the ceiling. The beginning of 2014 is set to welcome a three-story, fully furnished house which will become the newest tourist attraction…
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Telly just like back home
PHUKET: As expats, we all have things that we miss about our home countries. For me, I have to say what I miss the most is American television. I miss having hundreds of channels (all in English) that I can watch whenever I want. There’s nothing quite like ESPN, HBO, Showtime, Starz (NASDAQ:STRZA) and AMC Networks (NASDAQ:AMCX) with their hit…
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How and why to get a Thai credit card
PHUKET: I am so often asked by foreigners living in Phuket about how to obtain credit cards, that I thought it might be helpful to explain the how and why of the situation. While some may be able to qualify for the traditional unsecured revolving card that we normally think of as a credit card, the normal situation is that…
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Low minimum access to a Wall Street legend
PHUKET: I have followed the performance of the Abraham Trading Company for many years but it has always been off limits for use with the vast majority of my clients. As has happened with a lot of high-class money managers recently, a low minimum feeder has been opened that allows access to your average offshore investor. What I like about…
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Understanding financial adviser fees – Phuket Investor
PHUKET: Let’s be upfront and say that while no one likes paying fees, there is no such thing as a free lunch, and I, as a financial adviser providing financial advice, along with those on Wall Street who create investment products all need “to eat”, so to speak. That said, there is no reason for you to pay unnecessary or…
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Kvik-start your future – Phuket Business
PHUKET: The Danish kitchen brand Kvik, known for its high-quality, low prices and fast delivery times, has rapidly expanded its presence in Thailand over the last year and is on the lookout for business partners in Phuket. Kvik Associate Thomas Sorensen explained that as part of Kvik’s current expansion, the company is offering an unprecedented support package to its new…
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Zero tolerance for ‘zero dollar’ tours
The governments of Thailand and China are working hand-in-hand to limit the number of tourists coming from the latter to the former, especially the “low-quality” ones, the [former] head of Phuket’s official tourism office recently announced. Reinforcing Thailand’s efforts to shift focus from quantity to quality tourist markets, the Chinese government since October 1 has been enforcing new regulations affecting…
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From planes to trains and back to automobiles
PHUKET: Over the past few weeks, political debates in Thailand have often been centered on the government’s national high-speed railway project. Punches, counter punches and even the kitchen sink have been thrown into the arena. Who the heck needs to run with the bulls when you can get gored by an out-of-control locomotive? During the same period, I was able…
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Poll: Phuket prefers Coke
PHUKET: Just under half (49.6%) of respondents to a recent Gazette poll said they prefer the taste of Coca-Cola (Coke) over that of three other competing brands on the market – Pepsi, Est and Big Cola. The poll, which ran online from August 2 to September 1, was answered by 514 unique respondents, who were asked which cola brand (sold…
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Phuket pool factory to make a splash
PHUKET: Swimming pool designer, manufacturer and retailer, JD Pools, recently held a celebration to mark the completion of their new factory and training center at Thalang. The 5,000 square meter factory is aimed at cementing JD Pools’ position as the largest pool manufacturer in ASEAN and will also function as a training center for their staff from across the region.…
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Phuket tourism icon inspires AMCHAM meeting
PHUKET: Change – experiencing it, realizing it, understanding it, anticipating it and then trying to figure out how best to implement it for the optimal benefit to Phuket and all of its stakeholders. Such was the underlying theme of an awe-inspiring speech given last night by Wichit Na Ranong, a key driver, if not the father, of Phuket tourism. Co-founder…
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Last Call – Is there life on Mars?
PHUKET: I found myself singing the David Bowie classic from Ziggy Stardust just this morning in the shower, with that classic line “Is there life on Mars?” I’m not quite sure of the answer, though sipping cocktails while viewing a lunar Martian sunset certainly sounds like a good idea. That just may be the penultimate sundowner. Yes, the danger signs…
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Phuket tourism pioneer to speak at next AMCHAM meeting
PHUKET: One of the island’s leading hotel figures, Wichit Na-Ranong will speak about Phuket’s changing tourism landscape this Friday, September 6, at the Indigo Pearl hotel. Mr Wichit will share his extensive experience on Phuket’s journey to become a leading global resort destination, and provide background on how he has strategically repositioned his flagship hotel in Nai Yang to cater…
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Absolute return funds – Phuket Finance
PHUKET: This short article will take a look at whether absolute return funds will begin delivering again. An absolute return fund or strategy is one which attempts – attempts being a very key word here – to deliver positive year-on-year returns regardless of market conditions. There are very many strategies that are employed in the attempt to generate these returns.…
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Asia-Pacific consumers careful
PHUKET: Economy-related matters appear to be on top of the list of concerns for today’s Asia Pacific consumers. According to the latest global survey by GfK, two in every five surveyed were worried about recession and unemployment as well as inflation and high prices, and at the same time, one in three said they are concerned about having enough money…
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Staying in touch with Facebook – Phuket Investor
PHUKET: One of the main things I like about Facebook is that I can stay in touch with my family and friends all via one platform. Before I had to keep emailing, making phone calls and writing the occasional letter to and from the US. Now with Facebook, I don’t have to do that anymore. I’m able to share my…
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My house for your car: B2B
PHUKET: Looking to expand locally what is touted as the “world’s largest international barter network”, BBX Thailand is offering to slash its sign-on fee for new members in Phuket. The barter-credit network facilitator, founded in Australia in 1993 and currently operating in nine countries globally, held a Phuket network meeting last week at Ban See Nam restaurant. A BBX representative…
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Chinese, Russian influx a boon for Phuket
PHUKET: Despite a dramatic decline of visitors from Western Europe, Phuket’s tourism industry thrives, thanks to the throngs of Chinese and Russian travellers who fill up hotel rooms but also strain the infrastructure. “For the first time, travellers from legacy markets such as Western Europe are no longer present in the top five arrivals. What has replaced them are Asian…
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Last Call – Table for three, please
PHUKET: The intersection, or better yet juxtaposition between the mythical Cyclops of desire and loathing is hardly visible to the naked eye. I might be going a little too “fru fru” here so let’s back away from the table a bit. Slowly, making sure not to stumble over a nearby sleeping soi dog. Back we go to the beginning of…
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Cebu pacific, Tiger Air tap into Manila-Phuket direct flight market
PHUKET: At about the same time that Tourism Malaysia announced the closing of its Phuket office (click here for story), another major Southeast Asian source-market is poised to link up with the “Pearl of the Andaman” – the Philippines. As of this month and next, two regional airlines will service direct flights between Manilia and Phuket International Airport. The Philippine’s…
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Hospitality recruitment: New six-star property and restaurant north of Phuket now hiring
PHUKET: Anticipating the opening later this year of a new “six-star” hotel and adjoining Michelin-cheffed restaurant just north of Phuket, the Iniala Group will hold a recruitment event at Royal Phuket Marina on Saturday, August 24 (click here for map). To be held from 9am to 7pm, “Recruitment Day” will look to hire a number of Thai nationals to fill…
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AEC training for tourism
PHUKET: The Department of Tourism and the National Institute of Development Administration (NIDA) will hold major training courses for entrepreneurs in the tourism and hospitality industry in order to prepare them for the opening of the Asean Economic Community. Pasit Poomchusri, Deputy Director General of the Department of Tourism said the tourism and service industry which includes lodgings, restaurants, transportation,…
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Phuket In Focus: AEC is coming – are you ready?
PHUKET: In 2015, the 10 member states of the Association of Southeast Asian Nations (Asean) – Thailand, Indonesia, Malaysia, the Philippines, Singapore, Brunei, Myanmar, Cambodia, Laos and Vietnam – will formally integrate their economies as part of the Asean Economic Community (AEC) initiative. The AEC will be similar to the European Economic community (EEC) where participating countries aim to develop…
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Asian groups may invest US$150bn in markets abroad
PHUKET: Institutional investors based in Asia could look to invest in excess of US$150 billion in global real estate over the next five years, though not necessarily in domestic markets. According to the latest research from leading global real estate services provider, CBRE, since there is limited investable stock available in Asia, such investors – including banks, insurance companies as…
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Last Call – Digging my way down to China
PHUKET: Growing up in California, one of my favorite pre-teen past times was digging holes. Not just holes but dark inviting spaces with a purpose. A fort, or looking for buried Aztec treasure, putting time capsules away to be dug up after people are weekending on Mars or the sadness of burying a demised goldfish or two. We never quite…
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Raising bar past low-tide mark – Phuket Business
PHUKET: Corporate social responsibility (CSR) has a long-standing and ill-fated tradition of stopping at the low-tide mark. For mountain resorts in the French Alps, which do not rely on what is beneath the ocean surface to draw guests, such an oversight is understandable. However, the trend of CSR projects not safeguarding heavily threatened marine systems, such as the coral reefs…
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Asian demand for tablets and laptops insatiable
PHUKET: Southeast Asia’s internet infrastructure has improved by leaps and bounds, spurring the increasingly connected society to seek gratification for instant connectivity via portable devices such as tablets and laptops. In the last 12 months, demand for both devices grew to hit combined sales of nearly 14.2 million units across six of the region’s key markets – Singapore, Malaysia, Thailand,…
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Laguna Phuket announces major staff restructuring
PHUKET: Laguna Phuket has announced that it is undergoing a significant departmental restructuring and downsizing, but the company declines to confirm or deny reports that as many as 300, or 10 per cent, of its associates have left or are in the process of leaving.According to a press statement issued today (July 31), Laguna Phuket currently employs close to 3,000…
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7-Eleven – Can’t live without it
PHUKET: Love it or hate it, the local 7-Eleven has become an integral part of daily life for most people living in urban Thailand.From its humble beginnings in 1920s Dallas, Texas, where ice factory employee John Jefferson Green began selling milk, eggs and bread from an improvised store in front of the factory, it has grown to be the largest…
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