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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Thailand's view on gender affirmation surgery
Thailand has long been a world-renowned destination for those seeking gender affirmation surgery (gender reassignment surgery), with agencies like Allied Health (Thailand) helping facilitate this transformative journey. The obvious reason is that the country has built an impressive reputation as...
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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: Alien laborer deadline gets extension
PHUKET: More than 20,000 unregistered migrant workers in Phuket now have until mid-June to register with the government, thanks to a Cabinet resolution earlier this month extending the deadline by five months. The extension gives employers time to obtain two-year work permits for unregistered alien workers from Burma, Laos and Cambodia, said Phuket Provincial Employment Office Chief Noppadol Ployudee. Workers…
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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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PHUKET TOURISM: Expert warns of traffic crisis for Phuket Airport
PHUKET: Capacity at Phuket International Airport is expected to reach critical levels this year with the thriving tourist destination projected to receive a staggering nine million visitors in 2012, according to a report released by leading hospitality consultancy C9 Hotelworks today. Bill Barnett, Managing Director of C9 Hotelworks and Phuket Gazette Property columnist, reports that the airport is officially capable…
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Phuket Gazette: Thai ‘wellness tourism’ to scoop up 350bn baht: TAT
PHUKET: The Thai government is projecting that the healthcare sector will earn a total of 350 billion baht (US$11.5bn), contributing much to the government target of becoming a “World Class Health Provider” by 2014. The projection covers the period of a five-year campaign from 2010 to 2014. The strategy follows Thailand being dubbed the “Spa Capital of Asia” in 2008,…
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Tourists from Taiwan to Phuket to double in 2012: PTA
PHUKET: The number of Taiwanese tourist arrivals in Phuket this year is expected double last year’s figure, a senior government official has announced.Paiboon Upatising, currently caretaker president of the Phuket Provincial Administration Organization (OrBorJor), said that the island can expect up to 100,000 Taiwanese arrivals in 2012 – compared with 50,000 last year.The projections were announced following the “Phuket Road…
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Illegal Phuket migrant workers get five-month reprieve
PHUKET: More than 20,000 unregistered migrant workers in Phuket now have until mid-June to register with the government, thanks to a Cabinet resolution earlier this month extending the deadline by five months. The extension gives employers time to obtain two-year work permits for unregistered alien workers from Burma, Laos and Cambodia, said Phuket Provincial Employment Office Chief Noppadol Ployudee. Workers…
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Phuket business: Inflated eats; Flower sales bloom; Kata – Karon branded green; Taiwan bar raised
PHUKET: In light of the continuously rising cost of living, accounting books of rice and noodle vendors across Phuket and Thailand could become subject to increased audits this year. As of yesterday the Department of Internal Trade (DIT) issued official price cap suggestions for 10 common Thai menu items to be priced under 35 baht. These include rice dishes served…
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Phuket business: Local suppliers to extend reach
PHUKET: Red Bull’s national distribution arm is looking to capitalize on local supply markets, a strategy which could extend the reach of Phuket-sourced products into greater national, regional and global markets. Durbell, a key logistics affiliate of the Red Bull Beverage Company (the producers of Krating Daeng) aims to diversify its offerings and keep ahead in the expanding wholesale and…
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Phuket business: FC Phuketonomics: ball business
PHUKET: Despite having nearly been dissolved due to swelling debts, FC Phuket 1688 Co Ltd generated the fifth highest turnover out of 18 Division 1 clubs, statistics released by the Thai Premier League (TPL) have revealed. Concluding last month, the 2011-2012 season’s tallied receipts show that the Southern Sea Kirin had generated more than 2.8 million baht, which equates to…
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Phuket business: Skyscrapers and economic woe
PHUKET: There’s an economic-cycle theory based on the link between the building of skyscrapers and economic strife. Guess what it’s called? Correct: the Skyscraper Index. While many trends and theories these days are based on cycles, this economical theory is based on the completion of skyscrapers. So what is this theory and does it have any credibility? Let’s first unravel…
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Phuket Business: Toyota Sure opens shop
PHUKET: With so many new cars hitting the streets, the island’s used car and trade-in market is rapidly growing – particularly good news for car owners having second thoughts about a recently purchased or leased vehicle. Benchmarking market growth, Phuket’s Toyota Pearl recently held the soft opening of Toyota Sure, the brand’s renowned second-hand car dealership, located off Chalermprakiat (Bypass)…
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Phuket Business: Medical tours vital to economy
PHUKET: Medical tourism in Phuket is flourishing and contributing greatly to the local economy, a representative from one of Phuket’s major international hospitals has said. Speaking exclusively with the Phuket Gazette, Peter Davidson, assistant manager of international services at Phuket International Hospital, said that “the number of people coming to Phuket for dental work and plastic surgery continues to expand…
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Phuket flower shops report blooming sales
PHUKET: Flower shops in Phuket are doing brisk business today, St Valentine’s Day 2012. Many flower shops report record orders for floral arrangements, from both inside Phuket and off-island. Classic red roses remain the most popular items among the adults, while teddy bears and chocolates are increasingly popular among teenagers. Flower shops in Phuket Town are displaying special flower arrangements…
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Phuket Business: “Q day’ is fast approaching
PHUKET: Many expatriates in Phuket with UK pensions have held off on transferring them offshore due to the relative infancy of the industry and the fact that there has been little guidance on some of the more technical aspects relating to the transfers from HM Revenue and Customs (HMRC). That is all changing as the new legislation introduced recently in…
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Phuket Business: Cool solutions to cut costs
PHUKET: Despite rising energy prices and the scorching heat outside, home and business owners in Phuket can reduce their electric and utilities overheads by taking advantage of the latest energy saving innovations. Up until recently, Phuket’s green energy market has been supplied with only a limited offering of environmentally friendly technologies and energy saving solutions. Notably, a handful of key…
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DaVinci charters steps forward for 2012 Bay Regatta
PHUKET: It’s not unusual when marinas and yacht brokers cross over into the restaurant business, but co-sponsor of the Bay Regatta 2012, Phuket’s iconic Italian restaurant DaVinci – scored a first when they crossed in the opposite direction. Sponsoring yachting and yacht racing is one thing – and DaVinci has shown other island businesses how that should be done –…
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PIMEX boosts marine-triangle tourism
PHUKET: At the forefront of Asia’s growing marine leisure industry, Phuket island is one of the top five cruising destinations in the world, and lies in the heart of the emerging ‘Andaman Marine Triangle’. Consisting of Phuket, Phang Nga and Krabi provinces, the Andaman Marine Triangle is home to some of the most stunning sailing grounds in the world. Indeed,…
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Laguna Phuket ready for Amway mega-event
PHUKET: The Laguna Phuket resort complex in Cherng Talay is gearing up for its largest-ever incentives event in April and May, when it will host some 16,000 Amway sales representatives from China. Phakwiphoo Tanpradit, project manager for Laguna, said the Amway employee seminars will run from April 15 to May 14. They will arrive in staggered batches, with about four…
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Phuket Business: White-collared workers to gain from boom
PHUKET: The local work force and overall economy of Phuket stand to benefit from the ensuing boom in real estate, an executive of a major real estate developer has said. Speaking exclusively with the Phuket Gazette, Suriya Wannabuit, Executive Vice President of the Project Management and Marketing Department of Sansiri Pcl, shared his thoughts about the local economy. “Locals don’t…
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Phuket Business: Hydrofoil pilots
PHUKET: An innovative technology which looks to give a boost to the Andaman coastal region’s sea transport industry, is now being piloted off the shores of Phuket. Benchmarked by the unofficial launch of a hydrofoil sea transport and tour service, swift and seamless day trips from Phuket to distant, offshore havens in Krabi and Phang Nga provinces are not only…
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Phuket Business: Dive center targets “no niche’
PHUKET: THE international appeal of Phuket’s dive industry has seen many dive shops and dive centers on the island honing in on specific niche markets, usually centered around a specific country or nationality. Backed with their well-equipped dive boat and brand new training facilities, Andaman Ocean Safaris’ business model takes niche marketing a step further, by targeting agents, rather than…
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Phuket Business: Save yourself
PHUKET: I am personally a very big fan of Napoleon Hill, and I have just finished re-reading his original work The Law of Success in Sixteen Lessons. Each lesson is based on a quality or aspect which was a common denominator amongst all of the various successful men he had studied over a thirty year period, such as Henry Ford…
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Phuket “fully booked’ for Korean, Chinese New Years
PHUKET: Local tourism representatives are expecting hotel occupancy rates of 90 to 100% across Phuket during the upcoming festive period. Most tourist arrivals to Phuket at the end of January will come by direct flights from China and Korea, said Somboon Jirayus, Presdient of Phuket Tourist Association. “In addition to Seoul, Hong Kong, Taiwan and Singapore, there are currently about…
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Phuket Business: Outlook 2012 – bulls to the fore?
PHUKET: Personally, I am very glad 2011 is over; it was a horrible year across the board for almost all investment strategies. I do think 2012 will be a better year, although I am not predicting that things are going to get better overnight. Unfortunately there are two opposing forces at play which allows for a lot of uncertainty in…
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Phuket Business: Customs: trade thrives in 2011
PHUKET: Trade flourished during 2011 in Phuket, with the island’s surplus of exports over imports more than 10.4 billion baht, according to statistics recently released by the Phuket Customs House. The total value of imports to the island during the 2011 Thai Government fiscal year (October 2010 to September 2011) was 2.12bn baht compared to 12.5bn baht in exports during…
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Phuket Business: Petrol pump prices jump
PHUKET: Nationwide petrol prices, including those in Phuket, rose by as much as 40 satang earlier this week. The Phuket Gazette confirmed with PTT gas stations in Phuket that the price rises on petrol and gasohol went into effect on the island last Wednesday. The prices of all benzine petrol and most forms of gasohol increased by 40 satang (0.4…
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Phuket Business: Trade, investment and green innovation on the up
PHUKET: Trade in Phuket flourished in 2011, while prospects for new investment and ground-breaking, eco-friendly innovation on the island are looking quite good in the year ahead. The latest 2011-2012 import-export figures released by the Phuket Customs House indicate that the island’s economy continued to grow over the past several years – mostly thanks to one viable yet heated commodity.…
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Phuket Business: Dot Com rise and fall on the way
PHUKET: Dot com and dot net website owners in Phuket and across the globe will incur an increase in annual registration fees of no less than 7% after Sunday.Webmasters wanting to take advantage of current rates have until 11:59pm on Saturday in the time zone that the registrar is located to make sure their web domains’ registrations have been accepted,…
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