Business News
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Anthony Lark takes the reins at Trisara
PHUKET: Widely respected hotelier Anthony Lark has been appointed managing director and general manager of Trisara, a high-end resort of 48 pool villas and 20 privately owned residences on Phuket’s west coast. In his new role, Mr Lark will continue to provide hospitality advisory services to the clients of the Montara Hospitality Group, which operates the resort, and will develop…
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Business Buzz: Social media for profit – passing fad or must-have tool?
PHUKET: No matter where we go, we are surrounded by social media and its influences. Tweet this, like that, share and like this; terms we were not familiar with all that long ago are now in common, daily use. So is this a passing fad or is this social media craze here to stay, and even more importantly, is this…
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Finance: Invest in your children
PHUKET: I read an article in the BBC recently that I thought was worth sharing with my readers. It was about an investment that actually costs no money, but could yield very large returns to your children in the future. The investment is in their imagination, and the study I read about had some counter-intuitive advice. It actually concluded that…
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Villa Market opens Boat Lagoon branch
PHUKET: The doors to Villa Market’s third branch on the island open on March 20 with the Grand Opening Ceremony in Boat Lagoon taking place on March 27. The grand opening, organized by Kanittha Prasopsirikul from ‘By Kanittha’, will be the highlight of the Boat Lagoon’s monthly Lighthouse Market, which offers a variety of vendors the opportunity to showcase their…
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Finance: Demystifying the ever-ending UK pension reforms
PHUKET: Since radical UK pension reforms were announced last year, the changes just keep on coming. For those retiring in Phuket with pension rights that they have accumulated over the course of their career, the situation can be very confusing. Indeed, even for a professional in the industry, keeping pace and getting your head around what all the changes means…
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Luxury lifestyle makes Phuket heavy hitter in Asia yachting scene [video]
PHUKET: Phuket’s marine industry is tapping global growth in the lucrative superyacht segment thanks to the unique luxury lifestyle the island offers and a sharp rise in the number of such vessels coming to Asia. Thailand’s largest island is already well established on the regional and global sailing circuits. However, industry players say increased investment in specialist facilities could see…
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Generation hospitality
PHUKET: The hospitality industry in Thailand is struggling. Not because there aren’t enough guests, quite the opposite – the number of rooms on the island is multiplying to accommodate year-on-year increases in the number of tourist arrivals. The problem is the lack of skilled workers, explains Patteera Maneesri, Trisara Group director of human resources and a Trisara Academy director. “We…
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A very good year for stocks
PHUKET: Each year, I head back to the US to see my mother and meet with clients. It also allows me to see how things are going. I need to do this to see if there’s any truth to the headlines I read. You know the ones I’m talking about – stocks in a bubble, economic slowdown, unemployment and so…
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Phuket Hotel Association to be key platform for hotel industry
PHUKET: The erroneous ‘No Summer Dream’ fliers, warning tourists and locals not to bring sun loungers to the beach, is the latest blow for authorities attempting to restore a semblance of order to the island’s tourism industry. One that has left hotel and resort owners, as well as their general managers, scrambling for a response and explanation to give to…
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Finance: Three pillars of happiness for worry-free golden years
PHUKET: Much of my time is spent with clients figuring out exactly what they want for the future – key to their financial planning goals. Typically it ends with setting aside a certain amount of money each month over a period of time – investing it with a particular objective in mind, or getting clients savings that are sitting in…
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Travel agency suspected of breaching FBA with nominee
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Travel agency suspected of breaching FBA with nominee The Nation / Phuket Gazette PHUKET: A Bangkok travel firm is suspected of breaching the Foreign Business Act by having a Thai nominee to hold a majority share in the company, according to the Business Development Department. Pongpun…
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Chinese medical tourists flock to Phuket
PHUKET: For thousands of Chinese tourists who flock to Phuket each year, a visit to the island is more than just a chance to relax in the sun. It’s a chance to access medical procedures and treatments not available in their home country. Many countries around the globe have the same pressing healthcare issues: aging populations, increasing medical costs, collapsing…
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Finance: If I could be 30 again
PHUKET: In my last column, I wrote about what advice I would give my 20-year-old self, if I could turn back the clock and do it all again. Today, I will focus on a much more recent time frame in my life and discuss what kind of advice I would give to someone who has just turned 30. What are…
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Video Report: Thousands crowd launch of Laguna Market
PHUKET: More than 4,000 people turned out for the launch of “Laguna Market on First” at Laguna Grove in Cherng Talay on Sunday. The four-hour market generated an estimated 1.2 million baht, as more than 200 local vendors plied their goods. “I am delighted to see that the market attracted both [people from] the local communities and tourists,” said Ravi…
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Financial outlook for the year ahead
PHUKET: Looking back at 2014, the Standard & Poor’s 500 (S&P 500) posted a solid year. The S&P +11.4%, Dow +7.5% and Russell 2000 +3.5%. The “buy the dip” mentality began to take hold as any small correction saw buyers step in and purchase equities. 2014 SUMMARY• Soaring Treasury bond prices• Collapse in global commodity prices (oil)• MH17 airline crash,…
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Phuket’s shining light in the shade business
PHUKET: Local Phuket startup Window Design and Awnings Co Ltd, which has rapidly made a name for itself since its founding in 2009, is now looking to expand beyond the Kingdom’s borders. People may have noticed the white curved fabrics spread out over the walkways at Boat Lagoon, but the majority of the company’s clients are four, five and six-star…
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Lighthouse Market beacon of light for Boat Lagoon Marina Village
PHUKET: Aiming to appeal to a wider audience and expand its market reach, Phuket’s Boat Lagoon Marina is launching the Lighthouse Market. “We don’t want to focus on one target group or one nationality. This is a market for everyone who enjoys quality – both expats and local Thais,” explained Kanittha Prasopsirikul from By Kanittha, the company behind the new…
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Finance: Five bad investments to avoid
PHUKET: While there are good investments that can turn into bad investments along with bad investments that can eventually turn into good investments, there are some that are generally always bad for investors. With that in mind, the following investments are ones you should either avoid or limit your exposure to: 1) Your employer’s stock: Legendary fund manager Peter Lynch…
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Strategies for survival: Responding to the Russian tourist crunch
PHUKET: There was much talk last year of the protests in Bangkok and the ensuing coup striking at the heart of Phuket’s tourism and hospitality industries, with many key tourism figures on the island fearing the worst. Yet, it turns out, that while the island has survived the political turmoil in the country’s capital relatively unscathed, it is events unfolding…
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Challenge of importing the food Phuket loves
PHUKET: What is the first thing most expats start to miss from their home country? Family? Maybe for some, but for most it’s food. Luckily, the days when all you could eat in Thailand was the local cuisine are gone. Today, buying a piece of Dutch cheese, a few slices of Italian ham or some French paté is as easy…
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Finance: The perfect investment for retirees
PHUKET: The headlines for the past few weeks have not been pleasant. Stocks have been dropping, oil crashed and if that wasn’t bad enough we had the Ebola crisis. When news like this hits, some people want to run and hide, but I look at it as an opportunity to put money to work. I never invest 100% of my…
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NMG executives brief NRC panel on takeover risk
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community NMG executives brief NRC panel on takeover risk The Nation / Phuket Gazette PHUKET: Top executives of Nation Multimedia Group (NMG), which includes The Nation newspaper, met yesterday with the Media Reform Committee of the National Reform Council (NRC) to express concern over a possible hostile…
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Phuket’s Boat Lagoon rebrands, sets sail for lifestyle destination
PHUKET: Do you know why the iPod succeeded? After all, it’s just another MP3 player. Yet it’s so much more than that: a fashion accessory, an icon of a certain lifestyle, a symbol of fun and, of course, a music player. It looks beyond the obvious and expands the concept that leads to such a hit. Here in Phuket, it’s…
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Laguna Phuket cleans up in dirty laundry trade
PHUKET: Part of the pleasure of holidaying in a good hotel is that you don’t have to do your own laundry. Yetsomeone has to do it for you and for all the other guests. Can you just imagine what a gigantic pile of dirty clothes all the resorts in Phuket generate? But where some see nothing but a lot of…
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In Phuket aviation business, the sky is not the limit
PHUKET: Do what you love and make money doing it – how’s that for a business plan? That is exactly what Sky Club Asia co-owners Mark Silverberg and Paul Derstoff did when they turned their passion into a prospering business. Did their leap of faith pay off? One of the things that Mark Silverberg brought with him when he moved…
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Phuket Finance: An expat’s guide to the inevitable
PHUKET: It’s natural to experience culture shock as an expat, but the real shock comes when expats consider just how complicated proper investment or financial planning becomes after they expatriate from their home countries. Here are some of the key areas expats will need to have a plan for and likely consult with knowledgeable experts about. EXCHANGE RATE AND REMITTANCE…
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New Editor-in-chief to guide Phuket Gazette multi-media development
PHUKET: The Phuket Gazette is pleased to announce the recent promotion of Isaac Stone Simonelli to the position of Editor-in-chief. Having spent his years at the Gazette in various roles, including PGTV news presenter, news editor and then Managing Editor (story here), Mr Simonelli is well versed in the major local, national and international issues that affect Phuket people most.…
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Illuzion show and discotheque to transform Phuket’s nightlife
PHUKET: To help tour operators capitalize on the changing demographics of clients on Phuket’s famed Soi Bangla, which has piqued the curiosity of families and tour groups over the past few years, Patong Dine & Show brings the party street Southeast Asia’s first combined interactive Vegas-style show and discotheque – Illuzion. With a 4-million-baht sound system, a 70sqm LED screen…
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Phuket Finance: Avoid offshore workers’ retirement-plan pitfalls
PHUKET: Thailand hosts a sizable population of offshore oil workers. They are unlike the majority of investment clients found here. Most clients are retired and their portfolios are being managed for income and capital preservation. However, offshore oil workers have the advantage of being able to live in Thailand and also bring in a very nice income. In 1993, I…
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Honda battles market slump with Phuket launch of HR-V
PHUKET: The Thai automobile market may have headed downhill by more than 30 per cent this year, but Honda is in gear to make up lost ground with the launch of its latest HR-V model. The company trimmed sales forecasts at the end of last year as the slump in Thailand’s market took hold and Honda’s deliveries plunged in the…
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