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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Top 10 international schools in Thailand 2024
Thanks to its large global population, Thailand is home to a significant number of international schools. These schools offer a range of world-class curricula, such as the International Baccalaureate (IB), British, American, and Singapore curriculum, which attracts both expatriate families...
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![Phuket’s marine tourism on AMCHAM agenda [video] | Thaiger](https://thethaiger.com/wp-content/uploads/2017/08/7_201411610416421_RDySKTDdrmKAhWDWCxiicmtHWbwMZlzELlhwOiVq_jpeg.jpeg)
Phuket’s marine tourism on AMCHAM agenda [video]
PHUKET: The American Chamber of Commerce (AMCHAM) in Thailand has organized a special forum event focusing on the future of Phuket’s marine tourism industry to be held on November 21. Phuket risks great harm to its reputation as an international tourist destination if a dolphin park is allowed to open here, explained dolphin-rights activist Ric O’Barry in an exclusive interview…
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Phuket tour guides demand action against illegal foreign guides
PHUKET: Dozens of local tour guides calling themselves the “Andaman Guides” gathered outside Phuket Provincial Hall this morning to present a letter demanding serious action be taken by authorities against illegal tour guides working on the island. The letter, which stated that illegal guides were taking the jobs of legal tour guides, was handed over to Phuket Vice Governor Somkiet…
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Bill Gross’s resignation triggers concerns about the health of the market
PHUKET: Bill Gross, regarded by many as the most successful bond investor of modern times, has just made a huge move by leaving the company and fund that he came to represent personally, which raises questions as to the implications this may have for the broader bond market. The timing does not seem to be a coincidence. Why did he…
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Dance World gives island residents a place to move their feet
PHUKET: Since opening its doors in 1991, Simon Cabaret has established itself as a must-see show for tourists visiting Phuket. The show draws in visitors who have equal interest in witnessing the flamboyant show, as they have in seeing the deceptively convincing ladyboy dancers. In fact, the show’s website warns patrons that they will leave confused. The cabaret’s owners, however,…
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Bangkok Airways reveals four new direct flights
PHUKET: Bangkok Airways has launched a non-stop daily service linking Phuket and Chiang Mai as one of four new non-stop services for destinations in Thailand and Myanmar. Previously, passengers travelling between Phuket and Chiang Mai had to connect at Suvarnabhumi Airport in Bangkok. Served by an Airbus A320 aircraft with a seat capacity of 162, Flight PG247 departs Phuket at…
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Rubber farmers want more than a subsidy, suspect graft
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Rubber farmers want more than a subsidy, suspect graft The Nation / Phuket Gazette PHUKET: Leaders of rubber farmers in the South have expressed disappointment with the government subsidy of Bt1,000 per rai, limited to a maximum of 15 rai each. Tossapol Kwanrod, chairman of the…
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Building and managing your portfolio
PHUKET: In prior articles, planning for and managing retirement was discussed. The key is getting to the end goal, which is to have a worry-free retirement. Once retirees have gone through the steps, all that’s left is to build and manage their portfolios. Portfolio management is perhaps the most critical aspect to any retirement. With the help of a trusted…
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Heavyweight bike brands gearing up for Phuket market
PHUKET: Despite a fall this year in Thailand’s overall sales of motorcycles and automotive parts, big-bike sales are continuing to thrive. In Phuket, a relatively new destination for bikes over 500cc, brands like Ducati and Triumph are pushing the companies’ marketing strategies to make their famed machines accessible to everyone. “Ducati’s market strategy is to move toward developing models that…
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Marketing duo to breathe new life into RPM
PHUKET: A duo of marketing experts have joined the ranks of Royal Phuket Marina to put it back on the Phuket map and in the minds of the island’s residents. “I had forgotten about RPM,” says Ian Spurdle, the marina’s new Director of Sales and Marketing for Luxury Property. “I’ve been in Phuket for 12 years, and have known RPM…
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Phuket property rental platform aspires to clear muddied waters
PHUKET: Being an entrepreneur can be daunting at times. It often entails subjecting oneself – and one’s bank account – to an unknown level of risk and necessitates taking a blind step into the unknown. There are usually no guarantees and failure is a common, yet unwelcome, outcome. “Five months ago we said ‘we are going to come out to…
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Managing your retirement
PHUKET: When planning for retirement, once a plan is in place, the next step is actually to manage it. While it’s not a full-time job, there are certain things that need to be regularly taken care of in order to ensure one’s retirement runs smoothly. First, the age-old question of whether to rent or buy needs to be addressed. Many…
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Asean Business and Investment Summit to be held in Yangon
PHUKET: The Asean Business Advisory Council (ABAC) has announced that this year’s Asean Business and Investment Summit (ABIS) will be held in Yangon, beginning November 11. The three-day conference, now in its 11th year, will see representatives from both the private and public sectors addressing ways Asean can better leverage its cultural bonds, history and infrastructure growth to promote the…
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![Villa Market expansion caters to Phuket yachties [VIDEO] | Thaiger](https://thethaiger.com/wp-content/uploads/2017/08/7_201410695537753_aEcFQjPYiYFvWGUhiEjnzCiIOeiwMoFrVKKWllLO_jpeg.jpeg)
Villa Market expansion caters to Phuket yachties [VIDEO]
Villa hopes to build on its success at the Boat Avenue shopping street. PHUKET: Villa Market is set to slice off another slab of the imported groceries market in Phuket when it expands to Boat Lagoon. The new branch, set to open in early 2015, is designed to tap into the yachtie-catering market and to position itself as the go-to…
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Don’t let emotions cloud financial judgment
PHUKET: There are two emotions that tend to cloud our collective judgments and cause major swings in the financial markets: fear and greed. They lead to the ever-repeating cycle of boom and bust and are not likely to disappear anytime soon, so gaining a good understanding of them – as well as how they can affect an investor’s financial decision…
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Phuket’s first Formula One simulators race into Patong
PHUKET: Grid Racing Phuket (GR Phuket) will become the first dedicated F1 racing simulator of its kind in Phuket when it opens its doors to the public on October 3. Combining his past experience with simulators, Australian national Paul and his partner “Visa” decided to capitalize on the rising popularity of the racing simulator industry and open their own “race…
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Preparing for retirement
PHUKET: Many expats don’t know where to begin when planning for retirement. The key is getting a head start. While it’s best to start planning as soon as possible, it’s never too late to take control of your finances and your own destiny. This is the first of a three-part series outlining the three critical steps that must be taken…
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AMCHAM forum sets course for New Phuket
PHUKET: Is Phuket lacking identity? What makes the Phuket brand? How can the island benefit from the current winds of change? These and other issues were addressed at the September 12 AMCHAM forum, titled “The New Phuket”. The latest installment in the AMCHAM seminar series took place at the Angsana Laguna Phuket ballroom and saw a number of speakers, both…
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Tax havens only for the rich
PHUKET: The annual report published by tax relocation specialist Bradley Hackford has recently named the top ten jurisdictions for 2014. They use five criteria in total, which include quality of life, security, geographical location and accessibility, as well as the quality of the economic citizenship program. Sadly, for most, the achievable tax savings make the high sticker price of establishing…
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Phuket’s new high-tech Dibuk Hospital rounds up medical care
PHUKET: Construction has started on the much-hyped circular Apple headquarters in Silicon Valley, California, but Phuket is about to beat the IT giant with the opening of the new high-tech Dibuk Hospital later this month. And yes, it’s round too. Walking around the new hospital building leaves one quite impressed. And walking around gains a whole new meaning in a…
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Phuket startup to launch Formula 1 simulators
PHUKET: Calling all speed freaks and racing fanatics, the opportunity to get behind the wheel of a Formula 1 simulator is nearly within reach at the soon-to-be-unveiled GR Phuket Racing Center in Patong. Slated for an October 1 grand opening, the venue is in the process of preparing the simulators and staff for hordes of eager enthusiasts. The eight simulators…
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AMCHAM Forum: Staying ahead of the game in the ‘New Phuket’
PHUKET: For the last few decades, Phuket has been evolving into a mainstream, mass-market tourist destination. Now the island’s beaches have undergone extreme makeovers and some even more dramatic changes are on the horizon. “In the aftermath of Thailand’s political crisis, which saw martial law and a nationwide curfew imposed in May, Phuket experienced a sharp drop in visitor arrivals.…
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Qatar Airways to start non-stop services from Doha to Phuket
PHUKET: Qatar Airways will boost services to Thailand with the introduction of non-stop flights to Phuket from October 26. The airline currently serves the Doha-Phuket route daily via a linked service through the Malaysian capital Kuala Lumpur. “The start of non-stop services from Doha to Phuket offers travellers from around the world access to the popular tourist destination in a…
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Dusit Thani Laguna Phuket named one of AsiaRooms.com Top Rated 2014
PHUKET: Dusit Thani Laguna Phuket has been named the “Top Rated 2014” by AsiaRooms.com, the online travel accommodation website. In order to be certified, a hotel must receive an average review score of 80per cent based on five criteria including customer service, cleanliness, quality of rooms, quality of food, family friendliness and value for money. The resort averaged a score…
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The magic of compounding interest
PHUKET: This column has previously discussed compounding interest and the magic it can work, and it is the main reason why it is so important to start saving early in life rather than later. Assuming a fixed amount is desired by a certain retirement age – which is not actually recommended financial planning, but serves for demonstration purposes – this…
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AirAsia X to fly to Tokyo and Osaka in Japan
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community AirAsia X to fly to Tokyo and Osaka in Japan Phuket Gazette PHUKET: Thai AirAsia X is spreading its wings to Japan to tap both the leisure and business segments using Thailand as its gateway to the Southeast Asia region. CEO Nadda Buranasiri said yesterday that…
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AMCHAM to host forum discussion about “New Phuket’
PHUKET: The impact of recent changes throughout Phuket following the coup in May will be the focus of the American Chamber of Commerce (AMCHAM) Thailand forum on September 12. The forum, to be hosted by brand-development company Quo Global’s founder and CEO David Keen, will examine how Thais, expats and foreign tourists are expected to perceive the recent transformation of…
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Be on the lookout for dubious investments
PHUKET: Many readers responded to the recent article “Retirement is all about safety first” (story here). Many could relate to the common pitfalls that expats have discovered in Thailand. While investing in a bar or restaurant is typically a losing proposition, at least the foreigner would still have a place to eat and drink. Where things take a really ugly…
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Bangkok Hospital Group seeks to stitch up Phuket market with B3.6bn PIH buyout
PHUKET: Bangkok Dusit Medical Services PLC (BDMS), commonly referred to as the Bangkok Hospital Group, announced on Tuesday its intent to purchase Phuket International Hospital (PIH) for 3.61 billion baht. According to a document submitted by BDMS to the President of the Stock Exchange of Thailand, the sale is expected to be finalized by the end of the year, once…
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Escape Hunt’s innovative business venture expands to Phuket
PHUKET: In hopes of further capitalizing on the success of their first venue in Bangkok, Escape Hunt has opened franchises worldwide, including in Phuket, where a venue opened recently in Kathu. Business partners Jasnam Sachathep, Surasit Sachdev and Navin and Dave Anandsongvit quickly realized the business’ potential in Phuket and celebrated their grand opening on August 11, joining the 23…
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Thai rubber farmers feel ‘betrayed’ by military government
PHUKET: Thai rubber farmers who supported anti-government protests that led to a military coup in May say they feel betrayed because the ruling military is failing to help soften the blow of plunging rubber prices. Thailand is the world’s largest rubber producer and exporter, but falling prices and a decision by the military not to extend subsidies risks alienating rubber…
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