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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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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Business Buzz: Keeping up with tech trends
PHUKET: If you’ve been following this column regularly, then you will be aware of the statistics on the soaring increases in use of the Internet and Social Media in recent years. Coupled with this is the substantial increase in the use of smart phones. Many platforms such as YouTube and Facebook have now specifically set up self-filling forms to assist…
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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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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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Implications of Phuket’s aging population
PHUKET: Financial constraints and dramatic changes in employment numbers are expected to hit Phuket over the next 15 years, as an increasing percentage of the province’s population grows old. The Phuket Statistical Office estimates about 34,000 out of the 379,000 registered residents across the province are aged 60 years or older. That’s 9.2 per cent of the island’s population, and…
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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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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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A closer look at the luxury car market
PHUKET: The exponential increase in the number of cars – particularly high-end ones – in Phuket in the last decade alone, warrants a closer look at some of the factors that make this multi-billion-baht business tick. Millennium Auto, one of the newest luxury car outlets to open on the island, gave an exclusive account of the ins and outs of…
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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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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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Future of Brexit and British pensions
PHUKET: The possibility of the UK leaving the European Union is a subject of hot debate among the British. Most of the debate revolves around the implications for the future within the UK itself but not much is said of what kind of implications this could have on expats. For the most part, things will change very little either way…
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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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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: Service your clients the right way
PHUKET: I often run across clients of other firms who complain that they receive absolutely no service on their policies. I understand how they feel, but having been in the industry a long time, I also understand why. It is simply a misalignment of interests and is inherent in the way many of the insurance companies allow the introducing and…
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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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Zurich Bread: Engineering the perfect loaf
PHUKET: 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 endeavor that has taken him across continents. “I can count…
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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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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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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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Local fishermen dish out ‘fishy’ details
PHUKET: Anchovies may be small fry, but they are big business for some fishermen operating out of Phuket’s main fishing port. Known locally as ‘pla ching chang’, anchovies have been a steady source of income for the last 40 years for fishing boat owner Kumnueng Dumead. However, business is not always plain sailing, especially during the rainy season. “During the…
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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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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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