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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Chinese tourists receive warm welcome at Phuket International Airport
PHUKET: Phuket officials held an impressive welcoming ceremony this weekend for the first wave of Chinese tourists to visit the island under a free, 90-day visa campaign. The campaign, which will be in effect from August 9 to November 8, was launched in the hopes of recovering from a nationwide 30 per cent decrease in inbound travellers from China and…
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Don’t stick your head in the sand, start investing
PHUKET: Lately, a lot of the phone calls I’ve been getting are from nervous retirees. They’re nervous for two reasons: One, many of my clients have seen their accounts go up by quite a bit. After all, the US stock market is showing all-time highs. If clients just purchased the ETF of the S&P 500, they’re up 17% in the…
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Impiana welcomes new general manager and executive chef
PHUKET: IMPIANA Resort Phuket recently announced the appointment of its new General Manager for all Thailand based Impiana properties David Xavier and new Executive Chef Christoph Lindner. Malaysian national Mr Xavier comes to Phuket following a tenure as resort manager for Impiana in Chaweng Noi Koh Samui, director of food and beverage at Impiana KLCC and banquet and catering manager…
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The fire-powered business of barbecues
PHUKET: In Thailand you’re never far from a barbecue. A massive chunk of the ever-present street food is based on grilling different kinds of meat over an open fire. Still, Brad McElroy felt he wanted a barbecue of his own and decided to import one from his home country, the motherland of barbecue – Australia. That was 18 years ago…
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Visa fees waived, more Chinese visitors expected
PHUKET: Tourism operators serving visitors from Taiwan and mainland China have been advised to prepare for an influx of arrivals during an upcoming 90-day visa-fee exemption. In a bid to revitalize the tourism industry after the political crisis, the National Council for Peace and Order announced that visa fees would be waived for tourists from those markets. “Numerous Chinese from…
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Ruler of the rubber world
PHUKET: It started way back in the 16th century when an explorer saw tribal people in Mexico playing games with balls made out of a soft, bouncy material. It took another couple hundred years before anyone actually sat down and took a long, scientifically inquisitive look at what that material was. And its first practical use came in the form…
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How will markets react to end of stimulus?
PHUKET: The Fed has finally announced a specific month to mark the end of their stimulus program which has been running since the beginning of the financial crisis in 2008. In the minutes of their most recent meeting, they have announced their intention to continue scaling back monthly bond purchases, which had run at US$85 billion per month, and to…
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Four companies honored for green packaging
PHUKET: THE Foundation of Science and Technology Council of Thailand and the Science and Technology Ministry have jointly praised four companies for producing or using green packaging. They are Thai Containers Group, Biodegradable Packaging for Environment (BPE), Thai Namthip, and Nestle (Thai). Chainarong Cherdchu, president of the foundation, said the four companies were recognized as part of its Green Science…
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New dean pledges to start new chapter at Sasin
PHUKET: THE NEW DEAN of the Sasin Graduate Institute of Business Administration, Dipak C Jain, wants to turn the institution into a top business school in Southeast Asia, one that is Asean-focused and driven by some of Thailand’s core strengths. The highly respected educator caught the business school world by surprise when he announced on July 7 that he had…
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Lessons from the World Cup: Looking to the past to plan for the future
PHUKET: Research from the Grant Thornton International Business Report (IBR) has found that the enthusiasm Brazilian businesses held for hosting the 2014 FIFA World Cup plummeted over the past two years leading up to the event. However, while few business leaders predicted increased investment or increased profits as a result of Brazil hosting the competition, there is hope that infrastructure…
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Retirement planning is more than just investing
PHUKET: A common question that I get from potential clients is, “Why do I need a registered investment adviser? I can buy stocks on my own.” Well, retirement planning is more than just buying and selling stocks and bonds. The answer is that retirement involves not only investment planning, but it also involves tax planning. The best way to explain…
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Job applicants should not be forced to do blood tests for HIV: Rights body
PHUKET: The National Human Rights Commission has condemned businesses that require job applicants to be tested for HIV, saying the move is a “clear violation of human rights”. The NHRC said requiring people to take a blood test could adversely affect people who do this, plus their families, both economically and socially. The agency was responding to complaints from the…
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THAI Smile poised for relocation to Don Mueang
PHUKET MEDIA WATCH – Thailand business news selected by Gazette editors for Phuket’s international community THAI’s Smile Air poised for relocation to Don Mueang The Nation / Phuket Gazette PHUKET: Thai Airways International Plc has prepared its budget Thai Smile Air for take-off from Don Mueang International Airport on August 8 to snatch passengers from low-cost competitors. The flag carrier…
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Laguna Phuket to host Thailand’s first domestic MICE mart
PHUKET: Laguna Phuket will be the location of Thailand’s first Domestic MICE (meetings, incentives, conventions and exhibitions) Mart on August 1. The event is being organized by the Thailand Convention and Exhibition Bureau (TCEB), a public organization tasked with promoting and developing MICE businesses and events in Thailand. The campaign aims to advocate and enhance MICE industry development in Thailand…
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Thai AirAsia cuts 2014 passenger estimates
PHUKET MEDIA WATCH – Thailand business news selected by Gazette editors for Phuket’s international community The Nation / Phuket Gazette PHUKET: Thai AirAsia Co has lowered its passenger projection for this year from 13.2 million to 12.6 million because of the political crisis that has hit inbound travel during the past two months. Santisuk Klongchaiya, director of commercial operations, said…
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Flipping tweets – translation service for social media savvy businesses
PHUKET: Following an extensive period of beta testing, a Chiang Mai-based tech startup’s new translation service, Fliplingo, went live on June 26. The company, also called Fliplingo, has searched out a distinct niche in the translation market by offering live translation of Twitter messages in – as of this time – up to 32 languages. That’s right, actual multilingual human…
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Thailand strives to increase organic exports
PHUKET: The Ministry of Commerce is pushing for organic products on the national agenda following growing demands worldwide, especially in the US and European markets. Permanent Secretary for Commerce Chutima Boonyapraphatson said the ministry would join hands with eight government and private organizations to promote Thai organic products which had become increasingly popular despite an economic slowdown over the past…
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Thailand ‘Travel Shield’ insurance may be purchased by tourists starting today
PHUKET: The Tourism Authority of Thailand signed a memorandum of understanding (MOU) with the Office of the Insurance Commission (OIC) on yesterday to create low-cost insurance schemes for foreign tourists that start at just 650 baht per person. Thawatchai Aranyik, governor of the Tourism Authority of Thailand (TAT), and OIC secretary-general Prawet Ong-atsitthikun signed the MOU for the project, which…
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Dusit Thani Laguna Phuket appoints new director of sales and marketing
PHUKET: The Dusit Thani Laguna Phuket has announced the appointment of Sanjeev Tandon as its new Director of Sales and Marketing. An Indian national, Mr Tandon holds a master’s degree in Management Studies with a specialization in marketing from the SP Jain Institute of Management and Research at Mumbai University, India. He also comes to the role with extensive experience…
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Thanyapura gives back to the community
PHUKET: “Now more than ever, companies need to demonstrate transparency. They must show they are attuned to environmental issues. They should reduce carbon emissions, promote zero waste and host CSR activities to engage the public,” said the President of International Business Affairs of The Nation Multimedia Group Pana Janviroj in the foreword of the latest issue of CSR Thailand magazine.…
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Retirement is all about safety first
PHUKET: I cannot even begin to tell you the horror stories I hear from many expats I meet. Unfortunately, they’re coming to see me too late or have not been reading my columns. The first thing that many Americans or Europeans think when they move to Thailand is how cheap it is to live here. We got a lot more…
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Amari appoints new AGM based in Patong
PHUKET: ONYX Hospitality Group, which operates the well-known Amari hotel brand, has announced a restructure of its key hotel and corporate operations roles in Thailand. As part of the restructure, ONYX has promoted their talented hospitality professionals Pierre-Andre Pelletier and David Cumming to the positions of Vice President Area General Manager for Southern Thailand and Bangkok, respectively. Both veterans in…
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Grand Mercure Phuket Patong sets its sights high
PHUKET: After 13 years in the Kingdom, 36-year-old Sebastien Tronchet has risen from hotel intern to general manager overseeing the pre-opening, opening and operation of the Grand Mercure Phuket Patong. Like many general managers, Sebastien began in food and beverage (F&B) and quickly ascended the ranks. “I’m lucky to come from a little province in the South of France. We…
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Taxi finder site seeks to improve user experience
PHUKET: In the midst of the flurry of fanfare regarding the NCPO’s crackdown on Phuket’s illegal taxis and taxi mafia (story here), a small family business called Travelsnooper Co Ltd has created a website that they hope will help all. The new website, called taxithailand.info and available in English and Thai, is aiming for a target audience that includes hotels,…
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Phuket Pearl Group to promote and sell its products in overseas markets
PHUKET: Phuket Pearl Group, a large Thai cultured-pearl producer, plans to promote its “Amorn Pearl” trademark internationally. President Amorn Intorncharoen said last week that the company realizes that to become the leading pearl trader and integrated farm operator in the region – in the face of the seamless trade promised by the fast approaching AEC integration – trademarks and brand…
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Phuket Airport shops given three days to clean up, or get out
PHUKET: Owners of the stores operating inside Phuket International Airport have until Thursday to present official proof from the Airports of Thailand (AoT) that they have permission to operate, or see their shops shut down, a Navy captain has warned. “Any airport shops open past the deadline without the appropriate papers posted at the store, or found selling products not…
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Hotel investment in Thailand likely to decline on AEC opening
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Hotel investment in Thailand likely to decline on AEC opening The Nation / Phuket Gazette PHUKET: Investment in new hotels in Thailand is expected to slow next year as many key players concentrate on newly opened markets to cash in on the opening of the Asean…
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Coup d’etat or coup de grâce?
PHUKET: The change in government on May 22 seems to have occasioned a very different response from inside Thailand as compared with that of the world outside. The coup may have delivered the coup de grâce to the political turmoil, which not only paralyzed public policy but also saw international investors accelerating their already significant sell-off of Thai assets. Foreign…
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Insights of a veteran hotelier
At 59 years young, Gerard Tan has some years behind him, but he doesn’t let that slow him down. “We should go out and drink one night,” says Tan as he settled down to a strong coffee in the courtyard of the Millennium Resort Patong. However, he can’t be blamed for his festive mood. After a seven-year stint as the…
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Facebook is getting less friendly
PHUKET: A few weeks back a friend of mine told me he’d seen a great band at Gig’s Jam Club in Nai Harn. It sounded like an amazing night and I was kicking myself that I missed it. Then I checked my calendar and it turned out I hadn’t been busy that night and was literally just up the road…
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