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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9 most common health issues covered by insurance for expats in Thailand
Thailand is a popular destination for expats due to its affordable lifestyle and excellent healthcare system. However, settling in a new country often brings health concerns. To ensure you’re covered for the most common medical needs, understanding what expat health...
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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: Take financial opinions with a pinch of salt
PHUKET: It’s very easy to get confused in the era of 24-hour media with regards to what’s going on in the world economy. To make matters worse financial opinions are often reported as facts. Many times there are hidden agendas behind these, so it’s important to take any opinions with a grain of salt. The idea for this article came…
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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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Finance: Impact of gap years on your finances
PHUKET: As the Phuket Gazette‘s managing editor is imminently departing on his possibly crazy adventure to wherever the dice will take him, I thought it might be a good time to discuss gap years and how they tie in to your long-term financial well-being. There are two main types of gap years. The first is either before, or immediately following…
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Video is the future of digital ads
PHUKET: Digital ad spend is projected to be 9.9 billion baht this year, up almost 25 per cent from last year as a direct result of advertisers shifting from traditional media like print and television to digital media and online marketing. This is believed to be partly because of the cheaper cost of digital advertising and partly because it’s much…
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Finance: The right time to get back into the stock market
PHUKET: While all of my long term clients (and myself) have been in cash for some time, there will be a time to get back into the stock market, but when will that be? To recap recent market action: major United States and global indices have already moved higher off their panic February lows, led by retail, gold, materials and…
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Finance: What is a contrarian investor to do these days?
PHUKET: If you read my columns regularly, you know that I like to try to approach investing from a contrarian viewpoint. This basically means going against the crowd and the current trend, or essentially buying things when they are beaten and battered down and selling when everyone else loves them and thinks the run will last forever. So what does…
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Cold business for Songkran
PHUKET: Songkran can be a lucrative time of year for the island’s ice makers as sales rise with the summer heat. Many revellers load barrels onto pick-up trucks, filling them up with water and a big block of ice. In fact, Songkran ice sales are a good barometer for measuring the state of the tourism industry on the island, according…
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Finance: Understanding Counter Trend Rallies
PHUKET: In early March, US and global markets began a short-term counter trend rally that has seen these markets regain about 50 per cent of their prior decline. However, there are reasons you need to remain cautious by staying largely in cash. The stock market began to rally in 2009, hitting an all-time high last summer. Since then, the market…
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Finance: How to meet the right people for success
PHUKET: They say you can determine a man’s income simply by taking the average of the four or five people with whom he spends the most time. I am not sure how scientific the study was that has produced this timeless piece of advice, but the general concept is easy to validate if you look closely at the people you…
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Phuket International Academy Graduates to UWC Network
PHUKET: The Phuket International Academy confirmed last week its new affiliation with the global network of United World Colleges (UWC). “We are delighted to have become part of UWC; a leader in education in 15 different locations around the world. The UWC is a federation of independent international schools that use the same education model. This affiliation will also encourage…
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Finance: Investing in Oil – The Ultimate Risk
PHUKET: It may be tempting to call a bottom for oil prices and then go bottom fishing for oil stocks or Exchange Traded Funds (ETFs). Unfortunately, oil is one sector that most investors (especially those who aren’t working in the sector) will want to stay away from now and for the foreseeable future. Thanks to a combination of too much…
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The LifeCo: The business of healing
PHUKET: One doesn’t have to look far to find a spa in Phuket, but recent years have seen a marked shift in this trend, as new and established business are looking to cash in on wellness, as opposed to opulence and luxury. The LifeCo Phuket Well-Being Center based in Thalang is the first for the company outside of Turkey, and…
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Finance: Building a larger stream of future income
PHUKET: I am often contacted by people without massive amounts of cash asking me what they can do to prepare for the future. Early in my career I tended to take the approach most people in the industry do, which is to focus on the rich and let everyone else know that you are sorry about not being able to…
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Finance: Will 2016 be the year of the bear?
PHUKET: There’s an old saying on Wall Street that might unnerve investors: “As goes January, so goes the year.” Unfortunately, January 2016 was a very bad opening for stock markets. In fact, it was one of the worst openings in one hundred years, as the Dow Jones industrial average fell about 5.5 per cent while NASDAQ fell almost eight per…
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Building a medical tourism hub
PHUKET: Phuket has the potential to become a leading regional hub for medical tourism, an industry that is well positioned for exponential growth primarily led by the demand for aesthetic treatments. Investment opportunities in medical facilities and premises are increasingly attractive amid the backdrop of a global economic slowdown. Despite the diminishing legacy market for ‘Gender Reassignment’ Surgery (GRS), more…
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Board of Trade plans SME matchmaking fairs
BANGKOK: Thailand’s Board of Trade is inviting newly established businesses across the country to join a ‘Business Matching’ event in Bangkok. The event is aimed at giving SMEs the opportunity to meet consumer giants such as department stores and retailers. The event will take place at the Bangkok Convention Center in Lat Prao on April 26. Board of Trade Chairman…
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Finance: Tech stocks are still dangerous
PHUKET: You would think the lessons learned in the dotcom bubble and subsequent crash would not be so quickly forgotten, but last year’s purchase by Facebook of the free smartphone app Whatsapp for 22 billion dollars was a very good reminder of how quickly we forget. There is no reason to put your life savings at risk with individual stocks…
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Finance: Understanding stop loss orders
PHUKET: With global stock markets off to a rough start this year, it’s time to take a closer look at stop loss orders and how they can help as well as hinder you from achieving your investment goals. So what exactly are stop loss orders? A stop loss, or simply a stop order, is an automatic trade placed in advance…
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Peeking behind Phuket’s lace veil
PHUKET: With its idyllic beaches and beautiful beachfront resorts, Phuket is not only a hub of tourist activity, but with Asean integration now a factor, it is also well on its way to becoming a key global economic player. One industry that has seen sustained growth in the past decade is wedding planning and luxury events management. Here is a…
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Finance: Ups and downs in the price of oil
PHUKET: For somebody who pays attention to commodity prices, these are extremely interesting times. I still remember many talking heads on television predicting that we’d never see oil below 100 dollars per barrel. The argument was extremely convincing, especially when the markets seemed to be confirming its truth. With the flood of shale oil and the lifting of embargoes on…
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Asia Marine moves into motors
PHUKET: Asia Marine has been building, selling, chartering and managing yachts in Phuket for more than 25 years, and was voted ‘Best Asia based Yacht Charter Agent’ in the 2007 Asian Boating Awards. In December last year, Asia Marine CEO Vincent Tabuteau took the company in a new direction by joining forces with Frenchman Eric Noyel, founder of Asia Marine…
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Battling boat show inertia
PHUKET: In a region already swamped with boat shows, the development of a new show has not been an easy undertaking, admitted Andy Treadwell, managing director of 3L Events, organizers of the Thailand Yacht Show (TYS) 2016 as well as the Singapore Yacht Show. The biggest problem with launching such a show is convincing the industry that you know what…
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Aussies tackle unidentified medical patient quagmire in Phuket, Bali
PHUKET: Australian-based company IDTracker was launched to tackle the frightening number of unidentified foreign patients arriving unconscious or incoherent at Phuket hospitals. The company’s simple, durable wrist bands provide a unique emergency identification code number that is linked to the wearer’s secure on line profile and can be used by medical staff to access insurance details, emergency contacts, medical history…
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Business Buzz: Maximize social media impact
PHUKET: When using social media, it is very important to establish exactly what it is that you want to achieve. It is also important to understand that each social media platform works differently and can achieve different things. Overall, there are a many purposes for which social media can be used, but the most common are branding, lead generation, information…
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Finance: Fancy a punt in the semiconductor market?
PHUKET: The semiconductor industry helps drive technological progress and yet many semiconductor stocks have lagged the performance of the broader technology sector recently. However, small cap MaxLinear, Inc (NYSE: MXL) is an exception as shares are up 134 per cent from the start of 2015 to November, plus shares rallied close to 28 per cent after the company reported third…
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Finance: Rethinking the Big Mac Index for baht
PHUKET: The Big Mac Index has just been released for the year. The index was invented by The Economist as a lighthearted guide to whether currencies were currently undervalued or overvalued. Since I am always being asked my opinion on the baht, I thought this might be a good time to address the issue. The index is meant to be…
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Phuket Lighthouse Market back by popular demand
PHUKET: Building on its success last year, the Boat Lagoon Lighthouse Market is preparing to launch a redesigned layout at its venue as it continue to provide island exposure for local vendors and big-name luxury goods dealers. “We want to create an outdoor theater concept. Something similar to ‘theater in the park’ or ‘cinema in the park’, which are both…
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