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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Sponsored Infinito helps hotels in Thailand with revenue management
Maximising revenue and profit–isn’t that the ultimate goal for every business in the hospitality industry? If you run a hotel, you might have heard that revenue management is an effective way to boost your top-line revenue. It involves using data...
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Finance: Exchange rate rigmarole
PHUKET: An issue most Phuket expats deal with in one form or another is exposure to some risk of fluctuations in currency exchange rates. Many earn money outside of the country and then need to convert that to baht for spending purposes. Offshore oil workers are a good example of this, and how best to deal with this situation can…
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Business Buzz: Outsourcing – Imagine hiring an expert from 150 baht
PHUKET: I remember when I started in this industry just how much there was to learn and how many different things I needed to do to get started: build websites, get a domain, hosting, design a logo, create an exciting intro logo, set up social media accounts, start promoting – the list goes on and on! I understand the challenges…
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Finance: Cashing in on retirement
PHUKET: Generating an income in retirement beyond any pension or government-sponsored retirement plan has become much harder in today’s low-interest-rate environment. The income from defined pensions and even retirement benefits from government-sponsored plans are no longer a sure thing. However, there are strategies that help to maximize income during retirement: Dividend-paying stocks or exchange-traded funds (ETFs) Dividend paying stocks are…
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Golfers flock to Laguna
PHUKET: The newly re-designed Laguna Phuket Golf Club is winning the hearts of golfers with the island’s very first offer of shorter, five or 10-year memberships, Paul Wilson, the club’s director, told the Phuket Gazette. This new product sits between a lifetime membership and the one-year access card that most clubs, including Laguna, offer. The new memberships target several key…
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Neighborhood electric vehicle market thrives on luxury resort island
PHUKET: The numerous luxury resorts in Phuket has helped grow Southern Thailand’s golf cart and other neighborhood electric vehicle (NEV) market, which is now in a dead heat with the Central Region, Ekasit Kunanantakul, managing director of Global Electric Motorcars Asia Company, said in an exclusive interview with the Phuket Gazette. Global Electric Motorcars, now 12 years old, was among…
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Business Buzz: Blogging me bonkers with business
PHUKET: A blog in its simplest form is a website that gets updated regularly. The only real difference to a ‘normal’ website is the frequency with which it is updated or changed. My preferred working blog is a combination of the traditional website with a blog or news page included, so that it covers the best of both worlds and…
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Finance: Understanding capital
PHUKET: I often write and talk to my clients about what actually moves most major asset classes, as understanding this is essential to choosing wise, and poor, investments at given times during the longer-term cycles. Capital is always the culprit, and it determines the direction prices will move as it flows into and out of any asset class, such as…
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Phuket’s new tourism rule book: “Out with the beach, in with the shopping’
PHUKET: The island’s reputation for attracting luxury tourists with its azure seas, coral sand coves and boutique resorts is being transformed by recent demographic shifts which are seeing wealthy visitors to Phuket spending more time away from the beach in pursuit of retail therapy. Shopping is becoming the main activity for luxury travellers coming to Phuket from within the region.…
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Finance: Paying for education
PHUKET: By far the biggest potential financial-headache for a young expatriate family is paying for the cost of an expat child’s education. After all, even large multinationals are increasingly scoffing at hiring expatriates with children or offering pay packages that include paying the full costs of international school fees, which can easily top 325,000 baht to 650,000 baht or more…
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Finance: UK’s ever-shifting goalposts affecting Phuket expats, retirees
PHUKET: The UK government is continuing to shake things up for retirees and expatriate workers trying to make long-term plans for the post-work future with yet another shift of the goalposts, one of many in recent months. The most dramatic change announced in the new budget, to go into effect next year, is the reduction in lifetime allowance to one…
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Phuket expats better buckle up – more changes for UK pension plans
PHUKET: THE UK government is continuing to shake things up for retirees and expatriate workers trying to make long-term plans for the post-work future with yet another shift of the goalposts, one of many in recent months. The most dramatic change announced in the new budget, to go into effect next year, is the reduction in lifetime allowance to one…
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BluAnda dodges mass markets, backs quality tours
PHUKET: For a premium tour company in Phuket, the goal is providing superior services and beating the crowds of a developing mass- tourism market by delivering private experiences at the region’s most well-known destinations. A newcomer to the Andaman island tour market, BluAnda walked onto the scene recognizing exactly that, and within three years has developed a strong client base…
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Finance: Drop in oil prices can be a good thing
PHUKET: When it comes to investing, many make it more complicated than it actually is. What I try to do is use common sense and simplify the process. The two big factors driving global markets right now are central banks and the drop in oil prices. Banks have been pumping trillions of dollars into the global financial system ever since…
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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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Finance: Making realistic retirement assumptions
PHUKET: The first step when making a retirement plan is to have realistic assumptions about your retirement. Unfortunately, I have found that many of my clients, regardless of whether or not they are expatriates – still working or already retired – have at least one or more of the following unrealistic retirement assumptions: I will retire some place cheaper: Retiring…
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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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Experts question long-term tourism policy: Quality vs Quantity
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Experts question long-term tourism policy: Quality vs Quantity The Nation / Phuket Gazette PHUKET: Experts say the government needs to get serious on the long-term development of the tourism industry, and decide whether quality or quantity – that is, sheer numbers of tourists or how much…
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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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Finance: Learning to re-balance a portfolio
PHUKET: Portfolio re-balancing is one of the trickier aspects of investment management, as you will inevitably need to make some hard and counterintuitive decisions to ensure that your portfolio’s asset allocation continues to meet your investment goals and risk-tolerance level. But why, how and when should you re-balance your investment portfolio?WHY YOU NEED TO TAKE WINNERS AND LOSERS OFF THE…
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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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Finance: Advice for my 20-year-old self
PHUKET: I know most people in their twenties are typically not interested in planning financially for their futures. Often, they are not very interested in planning for anything other than Friday night – I remember the days when I thought the same way. What advice would I give myself now if I could go back and make decisions based on…
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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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