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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Sponsored 10 Best neighbourhoods for condo investments in Bangkok 2024
Deciding where to live in Bangkok can be both exciting and overwhelming. Each neighbourhood in this vibrant city has its own distinct charm, culture, and lifestyle tailored to different preferences. There's no one perfect area for everyone; it all depends...
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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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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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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: 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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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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