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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Staying afloat in a niche market
PHUKET: Business that are called ‘labors of love’ are referred to this way because the profit margins, if any, don’t justify the investment. Nonetheless, these business – often small retailers – are the building blocks of unique communities. So is the case with Longtail Paddlesurf Co Ltd. Though the sport of standup paddleboarding (SUP) is still in its infancy in…
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Business Buzz: Cash in on high season
PHUKET: We are coming into the high season and the tourists will be coming, so no matter what their numbers, this is the time to take advantage. There are a couple of things that we can do as business owners to protect our profits and position ourselves for the coming year. The first is to try to avoid the price…
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Finance: Going back to basics
PHUKET: This is something I often write about but so often find ignored by what is done in practice. When it comes to planning your financial future, there are only a few basic principles that you really need to follow. As long as you stay within these guidelines, you can make the odd mistake and still easily recover. The first…
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Methods of developing sustainable growth
PHUKET: In six months, Thanyapura has doubled web traffic and engagement with our audience. But how did we do this? Is it possible for anyone to do so? These are all questions we were asking several months ago when we turned a corner in our marketing efforts and began to look at different strategies to make sure we saw growth,…
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Finance: Growth or value stocks, that is the question
PHUKET: Many investors do not understand the differences between growth stocks and value stocks, with the latter often being synonymous with Warren Buffett, the disciple of Benjamin Graham, who’s classic 1949 book The Intelligent Investor is considered the value stock investing bible. GROWTH STOCKS Growth stocks tend to be high-quality stocks of successful companies whose earnings are expected to continue…
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Phuket RevPAR takes hit with source market transition
PHUKET: Differences in source markets and government spending have forced Bali and Phuket to take dramatically different approaches to adjusting to the recent tourism climate with regards to balancing occupancy and rates. Hotels and resorts in Bali have taken a mostly unified approach by holding rates and allowing occupancy to dip. In Phuket, however, even within market segments, a number…
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Finance: Untangling international pensions
PHUKET: I have never had so many questions and so many misunderstandings of the current options with regard to pensions for international expats as have arisen over the last year. It doesn’t help that governments are changing their rules faster than ever. Today I will give a brief overview of the current situation for UK expats. First I will address…
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Hyperlocal taxi situation to grab market
PHUKET: Myteksi, an on-demand taxi booking service in Malaysia, quickly diversified its branding and services offered by successfully expanding throughout Southeast Asia. MyTeksi remains the leading taxi-booking application in Malaysia, but is better known in Phuket, and much of the rest of the region, as GrabTaxi. The company continues to work hand-in-hand with local government offices, after garnering the support…
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Finance: Growth stocks to beat market
PHUKET: Growth stocks are always popular with Wall Street and retail investors alike because they are companies with sustainable positive cash flows along with revenues and earnings that are expected to grow at an above-average rate relative to the stock market. Here are a couple of individual growth stocks that could be a good fit for your portfolio: Gilead Sciences,…
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Banyan Tree, Angsana Laguna Phuket announces new director of marketing and communications
PHUKET: Nampetch ‘Nikki’ Tipaxsorn has taken up the position of director of marketing and communications for Banyan Tree and Angsana Laguna Phuket. In her new role, Ms Nampetch will manage all marketing and public relations activities, including marketing strategies to generate revenue and brand awareness for both properties. Ms Nampetch has more than 15 years of experience in both sales…
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Business Buzz: Target your customer, not your competitor
PHUKET: We see it all the time in marketing, company X trying to prove they are better than company Y, engaging in tit-for-tat marketing and social media battles trying to out-compete the competition. Now, while there is the theory that any publicity is still beneficial, I would argue it is far better to engage your potential customers directly and build…
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Finance: Neil Woodford, financial genius?
PHUKET: I know this has been written about in other media already, but as this fund and its manager have a great track record and I believe we are nearing a sale in stocks, it is a good discussion to review. For those of you who don’t know the fund or manager, Neil Woodford ran the Invesco Perpetual Income Fund…
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Business Buzz: Quick tips to increase results
PHUKET: One of the biggest issues businesses have with online marketing is attracting eyeballs to their content. It doesn’t matter how good your website or social media content is if no one sees it. So the secret to getting much better results is to get your content seen. Here are five quick tips on how to increase your results with…
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Finance: Stocking up on stocks
PHUKET: Market corrections like the one that started last August are never times to completely abandon the stock market. Instead, they are great opportunities to buy quality stocks with strong fundamentals and technical charts, that should emerge higher once the correction is over. For that reason, you should consider adding the following stocks to your market correction shopping list because…
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Business Buzz: Facebook goes beyond “likes’ to “Reactions’
PHUKET: After many people asking for it, and rumors abounding as to how it will work, it is finally here: Facebook has announced a trial in Ireland and Spain for a new series of emoji called ‘Reactions”. Users now have the choice to rate posts with ‘like’, ‘love’, ‘haha’, ‘yay’, ‘wow’, ‘sad’ or ‘angry’, quite similar to the emoji responses…
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Finance: Symmetrical triangle of gold
PHUKET: Gold is such a different asset class that it can really be very confusing thinking about it. As I write, gold is forming a classic technical trading pattern known as a symmetrical triangle, which makes it an interesting time to talk about it. These consolidation patterns usually result in a big move one way or the other, but let…
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Business Buzz: Test to see if social media will work for your business
PHUKET: One of the most common objections people have about using social media is that, while they understand it works for other people, they think their business is different and it will not work for them. So I have put together a quick test to see if social media would benefit you: Do you have a website?Do you need more…
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Investment strategies for large sums of cash
PHUKET: Consider the following investing dilemma: You have recently received a large sum of money (from a pension payout, inheritance, the sale of property or a business) and you want to put this money to work for you. However, interest rates and returns on what are considered to be the safest investments (for example US and European bank deposits and…
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Business Buzz: Success just clicks away
PHUKET: Following on from previous topics, if we know our sales funnel and can break it down into a process map, then we can analyze each step of the sales system, see where we have good and bad results, and increase our profitability by improving each area. Even a small tweak, improving only one or two per cent at each…
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Finance: Dodge a crash with right investment
PHUKET: For those of you who have been reading my columns for some time now, you probably know that I am not the biggest fan of the stock market at the moment. You may think I am an idiot because I have spent years waiting patiently for the next crash while the markets continue to march on to new highs.…
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Finance: Focus on China when investing
PHUKET: China’s stock market is imploding and that’s not only shaking confidence in the country, it’s also impacting global financial markets. However, investors need to keep in mind that over the past 15 years, the Chinese stock market has actually experienced both sharp rises and steep falls, with the last crash occurring in 2007. The market then largely moved sideways…
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Business Buzz: Don’t forget the database
PHUKET: Almost every business these days has at least some form of website and social media presence. What still amazes me, though, is how few are creating a database – which is actually their biggest asset. Simple Marketing 101 suggests you need potential customers to make a sale. And the easiest way to get potential customers is to create a…
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Charter rejection boosts economy
PHUKET: The rejection of the draft charter by the National Reform Council with a vote of 135-105 last week, along with measures to spur the economy worth a combined 136 billion baht, should overall have a positive affect on consumption, investment, and tourism, while also boosting internal economic activity, said Dr Anusorn Tamajai, dean of Rangsit University’s Faculty of Economics.…
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Making life easier with HeadsUp
PHUKET: A young Phuket man is giving the world a ‘HeadsUp’ with a new application he helped to create, which is aimed at simplifying everyday life. Robert Conner, who is a former British International School of Phuket student, helped develop an app called ‘Hey! HeadsUp’ with his college friends Abhijay Bhatnagar and Arjun Bhatnagar. The app allows you to schedule…
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Finance: Yuan’s potential impact on stocks
PHUKET: China has fired a barrage in the ongoing global currency wars with its first devaluation in two decades in hopes of propping up its export-driven economy and reducing its politically dangerous loss of manufacturing jobs. Despite the dramatic headlines, what’s looking like a mere two per cent devaluation is unlikely to trigger a bear market in the global stock…
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Arrivals increase as room rates slide
PHUKET: While it’s encouraging that passenger arrivals at the island’s airport jumped by 11% during the first half (H1) of this year, compared to the same period last year, the flip side shows that hotels in all tiers tumbled with average room rates plunging from US$175 in H1 2014 to US$154, Bill Barnett, managing director of C9 Hotelworks said in…
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