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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The top strategies and tips for successful gold trading
Are you thinking about trading gold and entering the realm of online CFD trading? This yellow metal is so important that it has earned a reputation as the ultimate symbol of wealth. And for investors, it has long been considered...
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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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Singaporean wine expert leads two day California wine training seminar
PHUKET: Times when a waiter in a restaurant could get away with just about any wine recommendation – a white for the fish or a random red to go with meat – are luckily over. These days, customers are more and more knowledgeable and demand an ever-growing level of service. Better trained staff can be the key to success, especially…
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Taamkru App: The avenger of Thai education
PHUKET: Thai tech startup Taamkru recently received support from several organizations, including Silicone Valley based 500 Startups resulting in an infusion of US$620,000 from a seed funding round.Taamkru (Thai for “ask the teacher”) aims to raise the standard of education for preschool-aged kids in the Kingdom and beyond through a series of mobile and web applications. The free Taamkru app…
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Are financial markets seasonal?
PHUKET: There is a lot of confusion over whether it is possible to time to the markets. If you are speculating, or trading, you rely on technical analysis of some sort and do, in fact, time the market. As an investor on the other hand, you should look at underlying fundamentals and attempt to make a purchase when it represents…
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Pretty Phuket and gorgeous George Town become bosom buddies
PHUKET: Phuket and Penang’s George Town yesterday signed a Memorandum of Understanding (MoU) on the establishment of sister city status. The Royal Thai Consul-General to Penang Srirat Vathesatogkit met with Phuket Governor Maitri Inthusut to discuss signing an MoU with George Town. The Phuket Town mayor, the director of the Phuket Passport Office and the Peranakan Association chairman joined the…
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Rubber growers bounce back with with tyre factory
PHUKET: The Rubber Growers Cooperative Federation of Thailand has proposed establishing its own car tyre factory in a bid to deal with the plunging price of natural rubber. The federation chairman, Perk Lertwangpong, said after his meeting with representatives of rubber planters from the 14 provinces that comprise all of Southern Thailand that the strategy was necessary for their survival,…
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Hotel association believes junta’s beach crackdown will lure tourists back
PHUKET: The National Council for Peace and Order (NCPO) is encouraged to continue improving the public image of attractions across the country in a bid to draw more tourists in the coming high season. “More major tourist destinations such as Pattaya and Bang Saen in Chon Buri, the city of Chiang Mai, Koh Samui in Surat Thani, Koh Chang in…
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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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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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Hotels and shops plead for end to martial law
PHUKET: Hotels and shopping malls in Bangkok are pushing for the lifting of martial law before the high season arrives in the hope that tourists and business travellers will come back to the capital. Prakit Chinamourphong, an ex-president and adviser to the Thai Hotels Association, said that if the junta ended martial law, the hotel and travel business would quickly…
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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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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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MICE Mart makes it to Phuket
PHUKET: Phuket played host as the final stop on a five city tour of the first annual MICE Mart trade show on Friday. Organized by the Thailand Convention and Exhibition Bureau (TCEB), the events sought to promote MICE (meetings, incentives, conventions and exhibitions) activities in hotspots throughout the Kingdom. The Phuket event saw 50 sellers representing hotels, convention venues, business…
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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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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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Phuket entrepreneur takes to the skies
PHUKET: Perched on a steep hillside directly beneath the watchful gaze of the Big Buddha rests the compound that houses Helicam. Owned and operated by British national Phil Clark, the media production company, which specializes in aerial photography and videography, is just about to celebrate a dozen years of operating in Phuket. The anniversary will be highlighted by the upcoming…
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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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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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Mixologist explains how to keep a smooth flow behind the bar
Richard Gillam talks about bringing 5-star service to Phuket’s bars. VIDEO: PGTV PHUKET: Many bars and beach clubs in Phuket are tempted by the romance of gastronomic concoctions in the kitchen to bring the same flare to their drink menus as a way to boost profits. However, for the vast majority of them this isn’t the solution, explains Richard Gillam,…
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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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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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Nominations being accepted for Thailand’s first Expat Entrepreneur Awards
PHUKET: Bangkok-based publisher, The BigChilli Company, has announced that it will be hosting Thailand’s first Expat Entrepreneur Awards 2014 on September 25 in Bangkok. The accolades will be awarded in a variety of categories such as arts and culture, education, hospitality and travel to highlight the contributions that foreign-owned/managed companies have made to Thailand’s economy. The awards ceremony is jointly…
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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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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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