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: Leading tech stocks emerge
PHUKET: As of mid September, the overall market appeared to be in a volatile choppy transition phase. Some individual stocks are doing well while others are continuing to be punished. Certain indices such as the S&P 500 aren’t exactly performing that well either. However, there are leadership stocks forming, consolidating and blasting higher, with technology stocks doing particularly well. This…
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Phuket Smart City emblem revealed
PHUKET: The Phuket Chamber of Commerce launched Phuket’s official ‘Smart City’ logo at an awards ceremony late last month. The colorful contemporary design of a Sino-Portuguese style archway was designed by Ekkachai Jingjai, who was handed the award of 10,000 baht by Chamber President Surachai Chaiwat. The intricately thought out design symbolizes Phuket’s past, present and future. Mr Ekkachai’s logo…
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New venture fills luxury travel niche
PHUKET: Getting from the airport to a hotel in Phuket is probably one of the biggest headaches facing any visitor fresh off a plane. Public transport is limited to just about nothing and taxis have long been notorious to do business with here, so there has been a gap in the market just waiting to be filled – offering tourists…
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Finance: Bullish biotech breaks previous highs
PHUKET: As of early June, the US S&P 500, Nasdaq and the Dow are all at critical turning points because after a two-year long correction, the market is tightly compressed and sitting only a few points from a new all-time high – or making new highs such as with the Dow and S&P500. The big picture is this: The last…
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Prime Minister to visit Phuket this month
PHUKET: Prime Minister Gen Prayuth Chan-o-cha is to visit Phuket on September 16 for the regional launch of a new nationwide initiative aimed at helping budding local businesses get off the ground and into the international arena of digital commerce. The Startup Thailand 2016 campaign was launched by the prime minister in Bangkok in April as a joint government and…
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New e-payment service aims to ease fund transfers
PHUKET: A new payment method designed to ease bank transfers, backed by the central bank of Thailand, was announced at a press conference held in Phuket last week. Saowapa Limsila, chief of the Phuket Office of the Comptroller General, and Jongrak Angtanya, vice president of the ‘Phuket Bankers Club’, jointly chaired the meeting held at Phuket Provincial Hall. The new…
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Biz Chat: The significance of ‘price’ in marketing
PHUKET: The second element of the ‘4 Ps’ of marketing is price. Price is what your customer pays you in exchange for goods and services received by them. There are many aspects to this deceptively simple element. In setting your price, you must first decide what is the value of the product or service to the buyer. If you set…
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Finance: Alibaba proves naysayers wrong
PHUKET: It’s not been an easy market for many individual stocks over the last few years. Take the case of Chinese internet and e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) – a stock I have been watching closely since its debut, when a client wanted to buy some shares. Many western investors do not appreciate just how big of…
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Finance: Cash is always king
PHUKET: Many of my clients have been moving money out of British sterling into different currencies or into deposit accounts in different countries. While I am not pushing anyone to do this, I am very often asked which countries are safe to hold deposits. It’s an interesting question and many are often mistaken about what guarantees actually mean.The most common…
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Business Buzz: Market it right and they will follow
PHUKET: As an avid fan of marketing, I’m always interested to see the next big global trend emerge and to watch it evolve into a successful operation on a macro and micro scale. Right now, here in Phuket, we are witnessing one of those global phenomena. Have you recently seen mature adults chasing invisible objects, using strange terminology and just…
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Finance: Hold on to stocks, more rallies are coming
PHUKET: The past one and a half years have been anything but a smooth ride for investors, given that the market’s seen two rapid 10 to 15 per cent pullbacks, and we’ve seen entire sectors (such as biotech, oil, industrials) and so on take some hard knocks. For investors exposed to unlucky sectors, it’s been difficult to keep pace with…
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Finance: Hedging your way through Brexit
PHUKET: There has already been a lot written in this paper – and many others – about Brexit, but I’m getting lots of questions from both sides of the investment coin, so I thought it a good idea to highlight some of the things to think about before doing anything drastic. Are there any opportunities to exploit now that British…
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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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