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 Promoting sustainable tourism at Blue Tree Phuket: Initiatives and impact
Blue Tree Phuket has been offering experiences that are both fun and environmentally conscious for many years. The comprehensive entertainment hub and waterpark has implemented numerous programs to enhance the sustainability of its practices, with its most recent endeavour being...
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Business Buzz: How to master email marketing
PHUKET: Other than branding, one of the primary functions of social media marketing is to create a database of potential customers. But building the database is only the first step, so what do we do with it once we have it? I have previously discussed the importance and value of your database; now I am going to show you how…
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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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Galileo Maritime Academy sends ambassadors to TYS
PHUKET: Thalang’s Galileo Maritime Academy is shining at the first-ever Thailand Yacht Show. Founded in 2012 by Brian Murray, a career chief engineer in the British Royal Navy and a superyacht captain for 30 years, Galileo offers courses that combine skill sets from the hospitality trade to the skills needed for working as superyacht crew. “The Thailand Yacht Show is…
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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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Lee Marine brings big names to Thailand Yacht Show
PHUKET: Lee Marine International Marine Brokerage’s re-investments continue in Phuket with the main focus being to better serve the many yacht enthusiasts who see their future on board any of the yachts represented by our firm, explained Josh Lee, founder and CEO of the company. The strength of their business success combines a wide product range with an experienced, dependable…
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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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Finance: Are we in for a rough ride this year?
PHUKET: The past few years have been difficult, or mixed at best, for many investors in the stock market, with 2015 largely ending in another flat line performance – leading to predictions for more of the same in 2016. However, most predictions about 2015 from the start of last year were bullish and turned out to be off the mark,…
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Finance: The ‘not so sexy’ New Year’s resolution
PHUKET: Many people like to make New Year’s resolutions, and the most common ones tend to deal with health. Sadly, most people do not stick with their resolutions for very long, and I will get to one of the main reasons for this in a bit, as well as how to avoid falling into this trap. But let’s consider a…
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Business Buzz: Get off to an online start
PHUKET: Welcome to Business Buzz 2016! This year we have moved to a monthly format so that we can cover the topics we want in more depth and provide you with more useful information. By now you will have made (and hopefully not broken) your new year’s resolutions. It is generally a pretty safe assumption that people with an entrepreneurial…
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Finance: Keep calm, and invest on
PHUKET: Stock market corrections don’t come often, but when they do, they tend to come on fast and cause investors (along with the media) to panic. After all, it’s not uncommon to experience a double digit portfolio loss in a matter of weeks, or even over the course of just a few trading days. However, taking the following things into…
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Business Buzz: Targeting mobile users
PHUKET: As I reported last week, the increase in mobile smartphones has been steadily continuing. There is expectation that over 51 per cent of the online Christmas sales traffic in the United States will originate from smart-phones this year. So it is with confidence I predict that the focus for social media marketing strategies should be switched to mobile devices.…
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Finance: Never too old for insurance
PHUKET: If you read my articles regularly, you have probably noticed I don’t spend much time writing about health insurance. It is not the most exciting topic, and for many of Phuket’s aging expat population getting covered at all is not really an option once they reach a certain age. Also, the cost of local international hospitals used to be…
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Hospitality insider Bill Barnett launches ‘Slave to the Bean’
PHUKET: One of Asia’s leading hospitality experts, Bill Barnett, shines a light on the good, bad and ugly of luxury hotels and travel in his acerbic new collection of twisted travel tales, Slave to the Bean: Random Dispatches from the Inferno, which was launched on December 18 at the Bangkok boutique hotel, Ad Lib. Bill Barnett launched his new book…
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Community at the core of success for Natthakanya ‘Apple’ Saengpho
PHUKET: It’s been a stellar year – and then some – for Natthakanya ‘Apple’ Saengpho, CEO of the Paradise Group. Andara Signature – the latest project from Andamandara Development, the company she runs with Dr Allan Zeman – won best Phuket villa development, best Thailand villa development, best residential architectural design and best landscape architectural design at the Thailand Property…
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Business Buzz: Social media year in review
PHUKET: This has been a big year for social media, so I thought it worthwhile to review some of the interesting facts and figures. Facebook, Twitter and LinkedIn in the United States were the leading platforms, and the amount of time, effort and money spent in social media marketing has risen rapidly. Social media are now well and truly established,…
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China base rakes in FIT market for Phuket
PHUKET: It is easy to get caught up with how the hospitality industry in Phuket should adjust to a shift in source markets toward a dependency on China. But what is forgotten is that it’s not just Phuket – it’s a worldwide phenomenon that requires the industry to adopt new marketing strategies and platforms. “Chinese outbound travel is a key…
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Business Buzz: Local customers key to successful business
PHUKET: One of the common mistakes a business can make in a location like Phuket is to forget who is really important. In a holiday location it is very easy to focus on the tourist market, because the perception is they are the ones who are here spending without a care in the world and that there is an endless…
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Finance: Reduce risks while playing market
PHUKET: I am asked all the time, by those who know I am patiently waiting for the next crash to re-enter equity markets, if there is some way they can participate now while reducing downside risk. If we are talking about funds that will need to be liquidated any time within the next five or ten years, I would say…
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Business Buzz: Marketing is Key
PHUKET: Thereare a couple of fundamental truths in business. Generally speaking, people are in business to make money, and to make money you need customers, because they are the people with the money. Yet many business owners focus on a variety of other activities that they believe to be more important than marketing. You may have the best product in…
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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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