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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Sponsored 12Go introduces Japan Rail Passes to enhance travel accessibility for international travellers
For those who have travelled throughout Thailand, 12Go is a well-known provider of various trips, though the platform itself has a much wider reach. Ranging from buses to planes, 12Go is undoubtedly a leading booking platform for travel throughout the...
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Be on the lookout for dubious investments
PHUKET: Many readers responded to the recent article “Retirement is all about safety first” (story here). Many could relate to the common pitfalls that expats have discovered in Thailand. While investing in a bar or restaurant is typically a losing proposition, at least the foreigner would still have a place to eat and drink. Where things take a really ugly…
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Bangkok Hospital Group seeks to stitch up Phuket market with B3.6bn PIH buyout
PHUKET: Bangkok Dusit Medical Services PLC (BDMS), commonly referred to as the Bangkok Hospital Group, announced on Tuesday its intent to purchase Phuket International Hospital (PIH) for 3.61 billion baht. According to a document submitted by BDMS to the President of the Stock Exchange of Thailand, the sale is expected to be finalized by the end of the year, once…
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Swash floods Phuket with all-natural, organic yoghurt [video]
PHUKET: Based in a small house in Nai Yang, Premchit Prateap Na Thalang has been feeding Phuket all-natural organic yogurt since 2012. Produced under the Swash brand, Ms Premchit and her two employees manage to dole out about 3,000 cups of the healthy snack each week. “My background is that I grew up in the jungle… in Khok Kloi [in…
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Escape Hunt’s innovative business venture expands to Phuket
PHUKET: In hopes of further capitalizing on the success of their first venue in Bangkok, Escape Hunt has opened franchises worldwide, including in Phuket, where a venue opened recently in Kathu. Business partners Jasnam Sachathep, Surasit Sachdev and Navin and Dave Anandsongvit quickly realized the business’ potential in Phuket and celebrated their grand opening on August 11, joining the 23…
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Singaporean wine expert leads two day California wine training seminar
PHUKET: Times when a waiter in a restaurant could get away with just about any wine recommendation – a white for the fish or a random red to go with meat – are luckily over. These days, customers are more and more knowledgeable and demand an ever-growing level of service. Better trained staff can be the key to success, especially…
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Taamkru App: The avenger of Thai education
PHUKET: Thai tech startup Taamkru recently received support from several organizations, including Silicone Valley based 500 Startups resulting in an infusion of US$620,000 from a seed funding round.Taamkru (Thai for “ask the teacher”) aims to raise the standard of education for preschool-aged kids in the Kingdom and beyond through a series of mobile and web applications. The free Taamkru app…
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Are financial markets seasonal?
PHUKET: There is a lot of confusion over whether it is possible to time to the markets. If you are speculating, or trading, you rely on technical analysis of some sort and do, in fact, time the market. As an investor on the other hand, you should look at underlying fundamentals and attempt to make a purchase when it represents…
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MICE: Thailand, Myanmar forge ‘landmark’ cooperation agreement
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community MICE: Thailand, Myanmar forge ‘landmark’ cooperation agreement Phuket Gazette PHUKET: THE THAILAND Convention and Exhibition Bureau (TCEB) is teaming up with Myanmar’s largest business association to hold trade shows and related events in both countries, as Myanmar continues its rapid opening up to international business. The…
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Rubber growers bounce back with with tyre factory
PHUKET: The Rubber Growers Cooperative Federation of Thailand has proposed establishing its own car tyre factory in a bid to deal with the plunging price of natural rubber. The federation chairman, Perk Lertwangpong, said after his meeting with representatives of rubber planters from the 14 provinces that comprise all of Southern Thailand that the strategy was necessary for their survival,…
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Hotel association believes junta’s beach crackdown will lure tourists back
PHUKET: The National Council for Peace and Order (NCPO) is encouraged to continue improving the public image of attractions across the country in a bid to draw more tourists in the coming high season. “More major tourist destinations such as Pattaya and Bang Saen in Chon Buri, the city of Chiang Mai, Koh Samui in Surat Thani, Koh Chang in…
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Chinese tourists receive warm welcome at Phuket International Airport
PHUKET: Phuket officials held an impressive welcoming ceremony this weekend for the first wave of Chinese tourists to visit the island under a free, 90-day visa campaign. The campaign, which will be in effect from August 9 to November 8, was launched in the hopes of recovering from a nationwide 30 per cent decrease in inbound travellers from China and…
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Don’t stick your head in the sand, start investing
PHUKET: Lately, a lot of the phone calls I’ve been getting are from nervous retirees. They’re nervous for two reasons: One, many of my clients have seen their accounts go up by quite a bit. After all, the US stock market is showing all-time highs. If clients just purchased the ETF of the S&P 500, they’re up 17% in the…
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The fire-powered business of barbecues
PHUKET: In Thailand you’re never far from a barbecue. A massive chunk of the ever-present street food is based on grilling different kinds of meat over an open fire. Still, Brad McElroy felt he wanted a barbecue of his own and decided to import one from his home country, the motherland of barbecue – Australia. That was 18 years ago…
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Hotels and shops plead for end to martial law
PHUKET: Hotels and shopping malls in Bangkok are pushing for the lifting of martial law before the high season arrives in the hope that tourists and business travellers will come back to the capital. Prakit Chinamourphong, an ex-president and adviser to the Thai Hotels Association, said that if the junta ended martial law, the hotel and travel business would quickly…
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Visa fees waived, more Chinese visitors expected
PHUKET: Tourism operators serving visitors from Taiwan and mainland China have been advised to prepare for an influx of arrivals during an upcoming 90-day visa-fee exemption. In a bid to revitalize the tourism industry after the political crisis, the National Council for Peace and Order announced that visa fees would be waived for tourists from those markets. “Numerous Chinese from…
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Ruler of the rubber world
PHUKET: It started way back in the 16th century when an explorer saw tribal people in Mexico playing games with balls made out of a soft, bouncy material. It took another couple hundred years before anyone actually sat down and took a long, scientifically inquisitive look at what that material was. And its first practical use came in the form…
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Four companies honored for green packaging
PHUKET: THE Foundation of Science and Technology Council of Thailand and the Science and Technology Ministry have jointly praised four companies for producing or using green packaging. They are Thai Containers Group, Biodegradable Packaging for Environment (BPE), Thai Namthip, and Nestle (Thai). Chainarong Cherdchu, president of the foundation, said the four companies were recognized as part of its Green Science…
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MICE Mart makes it to Phuket
PHUKET: Phuket played host as the final stop on a five city tour of the first annual MICE Mart trade show on Friday. Organized by the Thailand Convention and Exhibition Bureau (TCEB), the events sought to promote MICE (meetings, incentives, conventions and exhibitions) activities in hotspots throughout the Kingdom. The Phuket event saw 50 sellers representing hotels, convention venues, business…
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New dean pledges to start new chapter at Sasin
PHUKET: THE NEW DEAN of the Sasin Graduate Institute of Business Administration, Dipak C Jain, wants to turn the institution into a top business school in Southeast Asia, one that is Asean-focused and driven by some of Thailand’s core strengths. The highly respected educator caught the business school world by surprise when he announced on July 7 that he had…
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Lessons from the World Cup: Looking to the past to plan for the future
PHUKET: Research from the Grant Thornton International Business Report (IBR) has found that the enthusiasm Brazilian businesses held for hosting the 2014 FIFA World Cup plummeted over the past two years leading up to the event. However, while few business leaders predicted increased investment or increased profits as a result of Brazil hosting the competition, there is hope that infrastructure…
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Job applicants should not be forced to do blood tests for HIV: Rights body
PHUKET: The National Human Rights Commission has condemned businesses that require job applicants to be tested for HIV, saying the move is a “clear violation of human rights”. The NHRC said requiring people to take a blood test could adversely affect people who do this, plus their families, both economically and socially. The agency was responding to complaints from the…
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Phuket entrepreneur takes to the skies
PHUKET: Perched on a steep hillside directly beneath the watchful gaze of the Big Buddha rests the compound that houses Helicam. Owned and operated by British national Phil Clark, the media production company, which specializes in aerial photography and videography, is just about to celebrate a dozen years of operating in Phuket. The anniversary will be highlighted by the upcoming…
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THAI Smile poised for relocation to Don Mueang
PHUKET MEDIA WATCH – Thailand business news selected by Gazette editors for Phuket’s international community THAI’s Smile Air poised for relocation to Don Mueang The Nation / Phuket Gazette PHUKET: Thai Airways International Plc has prepared its budget Thai Smile Air for take-off from Don Mueang International Airport on August 8 to snatch passengers from low-cost competitors. The flag carrier…
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Laguna Phuket to host Thailand’s first domestic MICE mart
PHUKET: Laguna Phuket will be the location of Thailand’s first Domestic MICE (meetings, incentives, conventions and exhibitions) Mart on August 1. The event is being organized by the Thailand Convention and Exhibition Bureau (TCEB), a public organization tasked with promoting and developing MICE businesses and events in Thailand. The campaign aims to advocate and enhance MICE industry development in Thailand…
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Flipping tweets – translation service for social media savvy businesses
PHUKET: Following an extensive period of beta testing, a Chiang Mai-based tech startup’s new translation service, Fliplingo, went live on June 26. The company, also called Fliplingo, has searched out a distinct niche in the translation market by offering live translation of Twitter messages in – as of this time – up to 32 languages. That’s right, actual multilingual human…
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Mixologist explains how to keep a smooth flow behind the bar
Richard Gillam talks about bringing 5-star service to Phuket’s bars. VIDEO: PGTV PHUKET: Many bars and beach clubs in Phuket are tempted by the romance of gastronomic concoctions in the kitchen to bring the same flare to their drink menus as a way to boost profits. However, for the vast majority of them this isn’t the solution, explains Richard Gillam,…
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Thailand strives to increase organic exports
PHUKET: The Ministry of Commerce is pushing for organic products on the national agenda following growing demands worldwide, especially in the US and European markets. Permanent Secretary for Commerce Chutima Boonyapraphatson said the ministry would join hands with eight government and private organizations to promote Thai organic products which had become increasingly popular despite an economic slowdown over the past…
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Thailand ‘Travel Shield’ insurance may be purchased by tourists starting today
PHUKET: The Tourism Authority of Thailand signed a memorandum of understanding (MOU) with the Office of the Insurance Commission (OIC) on yesterday to create low-cost insurance schemes for foreign tourists that start at just 650 baht per person. Thawatchai Aranyik, governor of the Tourism Authority of Thailand (TAT), and OIC secretary-general Prawet Ong-atsitthikun signed the MOU for the project, which…
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Thanyapura gives back to the community
PHUKET: “Now more than ever, companies need to demonstrate transparency. They must show they are attuned to environmental issues. They should reduce carbon emissions, promote zero waste and host CSR activities to engage the public,” said the President of International Business Affairs of The Nation Multimedia Group Pana Janviroj in the foreword of the latest issue of CSR Thailand magazine.…
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Nominations being accepted for Thailand’s first Expat Entrepreneur Awards
PHUKET: Bangkok-based publisher, The BigChilli Company, has announced that it will be hosting Thailand’s first Expat Entrepreneur Awards 2014 on September 25 in Bangkok. The accolades will be awarded in a variety of categories such as arts and culture, education, hospitality and travel to highlight the contributions that foreign-owned/managed companies have made to Thailand’s economy. The awards ceremony is jointly…
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