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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Copy trading has become increasingly popular with investors around the globe over the past decade. It's considered a simple way to capitalise on market opportunities with little effort. But is it really a shortcut to making big bucks in the...
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Finance: The perfect investment for retirees
PHUKET: The headlines for the past few weeks have not been pleasant. Stocks have been dropping, oil crashed and if that wasn’t bad enough we had the Ebola crisis. When news like this hits, some people want to run and hide, but I look at it as an opportunity to put money to work. I never invest 100% of my…
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NMG executives brief NRC panel on takeover risk
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community NMG executives brief NRC panel on takeover risk The Nation / Phuket Gazette PHUKET: Top executives of Nation Multimedia Group (NMG), which includes The Nation newspaper, met yesterday with the Media Reform Committee of the National Reform Council (NRC) to express concern over a possible hostile…
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Phuket’s Boat Lagoon rebrands, sets sail for lifestyle destination
PHUKET: Do you know why the iPod succeeded? After all, it’s just another MP3 player. Yet it’s so much more than that: a fashion accessory, an icon of a certain lifestyle, a symbol of fun and, of course, a music player. It looks beyond the obvious and expands the concept that leads to such a hit. Here in Phuket, it’s…
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Laguna Phuket cleans up in dirty laundry trade
PHUKET: Part of the pleasure of holidaying in a good hotel is that you don’t have to do your own laundry. Yetsomeone has to do it for you and for all the other guests. Can you just imagine what a gigantic pile of dirty clothes all the resorts in Phuket generate? But where some see nothing but a lot of…
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In Phuket aviation business, the sky is not the limit
PHUKET: Do what you love and make money doing it – how’s that for a business plan? That is exactly what Sky Club Asia co-owners Mark Silverberg and Paul Derstoff did when they turned their passion into a prospering business. Did their leap of faith pay off? One of the things that Mark Silverberg brought with him when he moved…
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Phuket Finance: An expat’s guide to the inevitable
PHUKET: It’s natural to experience culture shock as an expat, but the real shock comes when expats consider just how complicated proper investment or financial planning becomes after they expatriate from their home countries. Here are some of the key areas expats will need to have a plan for and likely consult with knowledgeable experts about. EXCHANGE RATE AND REMITTANCE…
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New Editor-in-chief to guide Phuket Gazette multi-media development
PHUKET: The Phuket Gazette is pleased to announce the recent promotion of Isaac Stone Simonelli to the position of Editor-in-chief. Having spent his years at the Gazette in various roles, including PGTV news presenter, news editor and then Managing Editor (story here), Mr Simonelli is well versed in the major local, national and international issues that affect Phuket people most.…
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Illuzion show and discotheque to transform Phuket’s nightlife
PHUKET: To help tour operators capitalize on the changing demographics of clients on Phuket’s famed Soi Bangla, which has piqued the curiosity of families and tour groups over the past few years, Patong Dine & Show brings the party street Southeast Asia’s first combined interactive Vegas-style show and discotheque – Illuzion. With a 4-million-baht sound system, a 70sqm LED screen…
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Phuket Finance: Avoid offshore workers’ retirement-plan pitfalls
PHUKET: Thailand hosts a sizable population of offshore oil workers. They are unlike the majority of investment clients found here. Most clients are retired and their portfolios are being managed for income and capital preservation. However, offshore oil workers have the advantage of being able to live in Thailand and also bring in a very nice income. In 1993, I…
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Honda battles market slump with Phuket launch of HR-V
PHUKET: The Thai automobile market may have headed downhill by more than 30 per cent this year, but Honda is in gear to make up lost ground with the launch of its latest HR-V model. The company trimmed sales forecasts at the end of last year as the slump in Thailand’s market took hold and Honda’s deliveries plunged in the…
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The global habit of printing more currency to alleviate debt pressure
PHUKET: Just as it seems that the United States’ money printing program is finally ending, other major players are taking steps to continue pumping money into the global economy. The prevailing theory for central bankers around the globe seems to include avoiding the less desirable part of the business cycle, which has been around throughout history, at all costs. What…
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Comprehensive worldwide survey examines the expat experience
PHUKET: Online expatriate networking site InterNations recently released its first Expat Insider report, which provides insight into the experience of those who choose to live, retire or work abroad. The report is an agglomeration of survey results from about 14,000 respondents representing 165 nationalities residing in 169 countries. The questionnaire focuses on the traits of a host country, including quality…
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What to do when interest rates rise
PHUKET: IT IS widely believed that history does indeed repeat itself. What was true in the past is most likely to be true today and in the future. Sure, the events and names of companies change, but general economic principles will apply. When it comes to investing, one of the most important things for investors to understand is long-term interest…
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Phuket finance: Staying the course
PHUKET: Retirees have really been given a raw deal by the global financial system ever since the big banks created the mess that led to the financial crisis in 2008. Since then, the banks have been bailed out and the economy has been on life support, at the expense of those trying to live on the fixed income they worked…
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Uber taps Phuket taxi cash flow
PHUKET: Until the National Council for Peace and Order (NCPO) made historic efforts to sweep Phuket clear of local taxi mafias that had long tainted the island’s international reputation, there were rarely rays of hope for the island’s public transportation system. However, this week, another major player has stepped up to provide the millions of tourists that holiday in Phuket,…
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Seedlings project offers opportunities to underprivileged Phuket youth
PHUKET: The Banyan Tree’s Seedlings program has finally sprouted in Phuket, with 15 underprivileged local youths receiving skills training to take into the workplace. The Banyan Tree launched the group-wide corporate social responsibility (CSR) initiative in 2007 as a way to “support enhanced long-term prosperity within communities”. “Creating a giving culture is more than just giving money, it’s about giving…
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With a fascinating past, the future looks great for Phuket’s own coffee brand
PHUKET: It has been 56 years since Cheng Long opened his Hock Hoe Lee coffee store in Phuket Town – and according to Ruengrit “Oh” Petchvorakul, husband to Cheng Long’s granddaughter and today co-owner of the Hock Hoe Lee brand, the beginnings weren’t that difficult. “All you had to do was to sell good coffee. There wasn’t much competition and…
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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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Etihad Airways appoints new Thailand GM
PHUKET: Etihad Airways, the national airline of the United Arab Emirates, has appointed Dimitrios Karagkioules as general manager for Thailand. Mr Karagkioules, who has more than 20 years of airline experience, takes up the Bangkok-based role after five years as Etihad Airways general manager in Athens, Greece. Before joining Etihad, Mr Karagkioules held a number of Athens-based sales and marketing…
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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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Investing time to develop passive income
PHUKET: I recently became involved in marketing products for the health and wellness industry, which follows a very different business model than any I have previously encountered. In fact, the investment consists mainly of time, as start-up capital required is extremely limited. “Human capital” is developed, rather than the standard brick-and-mortar business. The great thing about this style of investing…
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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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Work permit, visa proposals get positive response
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Work permit, visa proposals get positive response The Nation / Phuket Gazette PHUKET: The Joint Standing Committee on Commerce, Industry and Banking has given an update on its proposals to amend the country’s visa and work-permit regulations, which it says have received a positive response –…
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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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