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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Biz Chat: The significance of ‘price’ in marketing
PHUKET: The second element of the ‘4 Ps’ of marketing is price. Price is what your customer pays you in exchange for goods and services received by them. There are many aspects to this deceptively simple element. In setting your price, you must first decide what is the value of the product or service to the buyer. If you set…
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Finance: Alibaba proves naysayers wrong
PHUKET: It’s not been an easy market for many individual stocks over the last few years. Take the case of Chinese internet and e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) – a stock I have been watching closely since its debut, when a client wanted to buy some shares. Many western investors do not appreciate just how big of…
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Business: Local store wars intensify
PHUKET: Phuket Grocery Ltd Partnership opened its flagship store in Phuket Town on August 9 with the aim of penetrating the low-cost retail market currently dominated by the Phuket-based Super Cheap franchise. Chairman of the new retail outlet, Pornchai Chanchuwanichkul, said he hoped reasonable prices, air-conditioned comfort and a range of customer services in a convenient location would also attract…
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Finance: Cash is always king
PHUKET: Many of my clients have been moving money out of British sterling into different currencies or into deposit accounts in different countries. While I am not pushing anyone to do this, I am very often asked which countries are safe to hold deposits. It’s an interesting question and many are often mistaken about what guarantees actually mean.The most common…
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Finance: Hold on to stocks, more rallies are coming
PHUKET: The past one and a half years have been anything but a smooth ride for investors, given that the market’s seen two rapid 10 to 15 per cent pullbacks, and we’ve seen entire sectors (such as biotech, oil, industrials) and so on take some hard knocks. For investors exposed to unlucky sectors, it’s been difficult to keep pace with…
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Finance: Hedging your way through Brexit
PHUKET: There has already been a lot written in this paper – and many others – about Brexit, but I’m getting lots of questions from both sides of the investment coin, so I thought it a good idea to highlight some of the things to think about before doing anything drastic. Are there any opportunities to exploit now that British…
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Businesses look to exploit halal potential
PHUKET: Phuket-based businesses are being encouraged to join a drive to promote the plethora of halal products made in the province to benefit from the billion-baht Islamic product export industry. Speaking at the Phuket Andaman Halal Tourism 2016 seminar at the Phuket Graceland Resort on July 21, Komol Dumlak, Chairman of the Phuket Islamic Council, said the province has huge…
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Finance: Five emerging leadership stocks
PHUKET: From a technical standpoint, the stock market is starting to look more and more like a strong bull market rather than another counter-trend rally, but we can’t be absolutely certain the worst is over – especially with earnings season underway, the ever present possibility of another black swan event, like the Paris and Brussels terrorist attacks, and some scheduled…
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Finance: A formula for prosperity
PHUKET: There is a fantastic equation that can be used in almost any decision you make in life. I learned this from the supplement company that I work with but it also applies to financial planning, life planning, and many other areas in life. The equation is simply X=Y. In the equation we can substitute any action for X so…
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Biz Chat: The four Ps of marketing
PHUKET: The dictionary definition of marketing is ‘the action or business of promoting and selling products or services, including market research and advertising’. Through the next series of articles, we will discuss the concept of ‘marketing mix’ and the ‘4 Ps’, particularly as they apply to small businesses. These are product, price, place and promotion. Any freshman marketing student will…
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Analyzing the luxury car industry in Phuket
PHUKET: Behind the closed doors of the glitz and glamor of the luxury car business in Phuket, are a host of complicated market forces at play. Let’s take a closer look at the factors that come together in the day-to-day running of this business. Millennium Auto, located on the Bypass Road, sells some of the most renowned luxury brands in…
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Finance: Investment potential of the Philippines
PHUKET: I recently spent a week in the Philippines – a country long labeled with the dubious distinction as ‘the sick man of Asia’ and a country investors might want to take a closer look at. The Philippines’ presidential and vice presidential election on May 9 saw the rise of Rodrigo Duterte, after incumbent President Benigno Aquino III (who took…
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Finance: Anyone can play the market
PHUKET: You don’t need a brokerage account or a financial adviser to get involved in the market. Exchange Traded Funds (ETFs) are index funds that can be accessed through a low-cost online platform and give an almost identical return as those of the underlying market they represent. However, you can still lose a fortune very quickly if you don’t know…
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Tai Ping comes to town
PHUKET: Bangkok based fabric designer and manufacturer Thailand Carpet Manufacturing Plc opened its first satellite store in Phuket on June 25 to cater to growing demand in the province for high-quality custom- design flooring. Targeting Phuket’s hospitality industry, the company, under the brand name Tai Ping, expects to earn about 20 million baht in revenue in their first year. Located…
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Finance: Keep calm and let’s talk Brexit
PHUKET: The results of the Brexit vote have shocked markets almost as much as it has shocked the global and Brussels’ elites, with plenty of talk of impending doom and gloom for the UK and the markets. For example, the Morgan Stanley strategy team was quick to proclaim they expect European stocks to fall 15 to 20 per cent from…
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Lanna hopes to foster Phuket-Chiang Mai trade
PHUKET: Tourism officials from northern provinces are hoping that a scheme to circulate tourists within the country will lead to better trade connections between Chiang Mai and Phuket. Samroeng Chaisen, head of the ‘Office of Strategy Management Upper Northern Provincial Cluster 1’, Supawan Teerarat of the Thailand Convention and Exhibition Bureau, and other relevant officers met on June 16 to…
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Finance: Defining a financial adviser
PHUKET: If you haven’t yet seen it, there’s a great episode of John Oliver’s ‘Last Week Tonight’ that covers the financial services industry in America. While it is a different beast in Southeast Asia, there were many points he brought up that are very relevant to expats in the region. Go onto YouTube and search for it if you haven’t…
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Biz Chat: Tips for establishing a start-up (part 3)
PHUKET: When it comes to starting your own business, it’s easy to get lost in the details. However, there are a few necessary steps you can’t let fall between the cracks. These are the last three crucial steps (see part 1 here and part 2 here). As a business owner (or prospective owner), you have to obtain the appropriate licences…
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Business Buzz: The power of groups and forums
PHUKET: One of the biggest business benefits of social media is creating a database of your perfect customers. Just imagine it: people asking to join your customer list, at no cost to you. While most people know all about Facebook fan pages, the ‘groups’ option remains a lesser-known factor. People have also probably heard of forums, but again they are…
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Finance: Runts rally amid mixed earnings season
PHUKET: As of the beginning of May, earnings season was in full swing, with the markets sending mixed messages to investors. So far, some big names like Facebook Inc (NASDAQ: FB) and Amazon.com (NASDAQ: AM- ZN), with the latter sometimes being a difficult stock to own given its ups and downs, have put in good earnings reports and have pretty…
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Key sectors to watch out for in the stock market
PHUKET: May to October is often a season of choppy sideways action. The old adage, ‘Sell in May and go away,’ already appears to be holding true as over the last three weeks, US markets and global markets have pulled back from overhead resistance levels on their technical charts. The Nasdaq index in particular is looking bad as tech, semiconductor…
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Krabi man grows cash crop in backyard
KRABI: The growing nationwide demand for jasmine has led one man to set up his own backyard cottage industry. Vichan Tongsanay, 40, who works as a deckhand at the Krabi Marine Office, said he earns around 300 baht per day by selling the flowering plant. “I’ve been growing jasmine in the heart of my village for 5-6 months,” Mr Vichan…
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The financial and legal steps involved in starting a small business
PHUKET: To pick up from where I left off last time, let’s discuss the financial and legal steps involved in starting a small business. Plan your financials: Whether you are putting in a couple of months’ salary, or your entire life savings, finances need to be properly laid out. Many of us make the mistake of putting in too much…
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Centara plans for MICE hub
PHUKET: The Centara Grand West Sands Resort & Villas Phuket revealed an expansion plan on May 16, which revolves around the construction of a new convention center. The resort is located on the west coast of Phuket near the Sarasin Bridge on Mai Khao Beach and already has 558 hotel rooms and a water park with swimming pools, lazy river…
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Finance: Where are the markets now?
PHUKET: On April 11, Alcoa Inc (NYSE:AA) started the first quarter earnings season by reporting a lower quarterly profit (US$16 million or zero cents per share versus US$195 million or 14 cents per share a year earlier) on lower revenue (down 15 per cent) as results were hurt by low commodity prices, the strong US dollar and plant closures. Alcoa’s…
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Business Buzz: Social media on the rise
PHUKET: I have been talking about the power of social media for over a year now, but there is no better way to showcase this power than to look at the US Presidential circus that is unfolding right before our eyes. As an avid follower of social media and how it is used both successfully and unsuccessfully, it is always…
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Biz Chat: Tips for establishing a start-up
PHUKET: The island is filled with business people who invest millions on large business prospects, but no one ever talks about the little guy. What if you have 100,000 baht and want to play around with it? Here’s a guide to investing in a small business, just to see if it works. Let’s take it step by step – the…
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Zurich Bread: Engineering the perfect loaf
An engineer by trade, Singhathep Thepkanjana only spent six months working full-time in the field he studied for seven years, leaving university with a bachelor’s from Chulalongkorn University and a master’s degree in engineering management in Washington DC. Since then, this Bangkokian has pursued the perfect loaf – an endeavour that has taken him across continents. “I can count on…
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Finance: Analyzing key market indices for tech stocks
PHUKET: As of the end of March, US stock markets hit some overhead resistance on their technical charts and pulled back a bit, with the rally that started in February looking similar on the technical charts to the rally of September, which ultimately rolled over. There is a strong possibility that the market (or at least the S&P 500) has…
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Phuket cashew nut industry goes global
PHUKET: Metee Company Phuket Ltd’s unique cashew-nut cooking process and new packaging is bringing the company international recognition and larger revenues. The Chalong-based company is just one of several local businesses that have changed the quality of their products and branding in order to compete in larger markets. The company has since been accredited by the Ministry of Commerce as…
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