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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Finance: Track price action, not pundits’ talk
PHUKET: As I am writing this, I haven’t turned on a TV in more than 10 days. So I am not getting any news from a verbal source about nuclear confrontations with North Korea, Trump uncertainty or whatever else is going on in the world. However, I have been reading the news and it’s different when you read news versus…
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Finance: Market pullbacks make great opportunities
PHUKET: Pullbacks are great opportunities to see where the strongest stocks are, allowing investors to make a watch list of potential leadership stocks or sector ETFs that are holding up in the face of bad news. Since early March, we have been seeing the S&P 500 undergo some consolidation involving a pullback. A 2-8 per cent pullback is perfectly healthy…
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Business Buzz: Email marketing missing the mark
PHUKET: Recently, my business partner and I have been analyzing email marketing and what came to light was quite a surprise. He is a systems engineer so it is fair to say his level of knowledge of IT far surpasses my own. We were collaborating on our latest project and the issue of email marketing and whether it was effective…
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Finance: Using fundamental and technical analysis to gauge stocks
PHUKET: When I decide that a stock could either be worth buying or worth placing on a watch list, the first thing I do is look at the stock’s fundamentals using a stock research and marketing tool called ‘MarketSmith’. Using small cap LGI Homes (NASDAQ: LGIH) as a sample stock, let’s look at some fundamental data that will help decide…
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Finance: What interest rate hikes mean for investors
PHUKET: Early last month, the US Federal Reserve raised interest rates, with the market largely ignoring the long-expected move. With at least a couple of more rate increases expected in the near future, I would still not expect the market to suddenly turn bearish. If the Fed thought the US economy was still too weak, they would not be raising…
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Finance: Don’t buy into the 13 trillion dollar lie
PHUKET: Following on with lessons from Tony Robbin’s book ‘Money: Master the Game’ is a very important Wall Street myth that he busts. When you pay an active manager to buy and sell shares of stock on your behalf, you are doing so in hopes that he will ‘beat the market over time’. The truth is that over any extended…
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Banyan Tree Group bags seven accolades
PHUKET: The Banyan Tree group clinched seven awards at the recent Travel & Leisure ‘China Annual Travel Awards 2016’, adding to a growing list of accolades for the Banyan Tree brand. The luxury lifestyle magazine named Banyan Tree Phuket as the winner in the ‘Best Spa Resorts’ category, while also recognizing Laguna Golf Phuket as one of 2016’s top ten…
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Business Buzz: Establish your online presence from scratch
PHUKET: Many people have asked me how to get started with an online presence, so I have put together a quick overview assuming I was starting from scratch (but knowing what I do now). Facebook Page The very first thing you could do is start a Facebook fan page. This can easily be set up without any skill, cost or…
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Finance: Securing your financial future
PHUKET: It really doesn’t matter if you make a little money or tonnes. If you can’t master this very important step you will never achieve financial freedom. It sounds all too simple in theory, yet in practice so many people have trouble staying disciplined. The step I am referring to is committing to setting aside a minimum of 10 per…
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Finance: Key areas investors must watch out for
PHUKET: Trump has been in office less than a month and already some of his most strident critics are acting as if it’s the end of the world. However, what investors need to remember is the fact that Trump faces an extremely hostile national/Washington DC press along with plenty of opposition from within his own government (such as Federal bureaucrats…
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Finance: Grab the ‘bull’ by the horns
PHUKET: Many times in life it can seem like things completely spiral out of your control, and this can leave us feeling helpless. I have seen this happen not only numerous times with decisions my clients have made, but have made the exact same mistakes in my own investments. One mistake leads to another poor decision and in the end…
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Finance: Markets favor active selection
PHUKET: There is value in having an active stock selector as your money manager – especially right now when individual stocks are starting to break out and the market is favoring them over passive investment. Consider some of the following stocks that are in my watch list and portfolios as of late January. Small cap Internet services stock Tucows Inc…
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Finance: The markets are aiming higher
PHUKET: At the start of 2017, much of the media coverage about the stock market was focused on the Dow Jones reaching the 20,000 level, with some commentary about how the ‘January Effect’ or ‘January Barometer’ theories could help the market. Before discussing what I believe technical indicators are predicting, we need to debunk any theories that claim to predict…
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Business Buzz: Social media trends to look out for this year
PHUKET: As we begin another new year, it is a timely opportunity to consider what we should look out for in 2017. It is always important to reevaluate your digital footprint on a regular basis.Here are my 2017 tips to have a successful year in social media and beat your competition, increase your revenues and improve customer loyalty. Remember, an…
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Finance: Next phase of tech revolution may be here
PHUKET: While many have been focused on Brexit, problems in Europe, the Middle East and the US elections, a technology revolution has quietly marched toward its most important phase, that is not being recognized by the mainstream media (which is focused on making predictions about where the market will go in 2017). The tech revolution is alive and well and…
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Finance: Stocks are hot, bonds are not
PHUKET: The post election weeks have seen many leadership stocks take off, with the overall breadth of the market uptrend being impressive. The market is being led higher by both small and mid cap stocks, plus sectors like energy, materials, industrial, technology and the economically sensitive Dow Transports – all positive signs for even higher stock prices in the months…
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Deputy PM pushes to implement Thailand 4.0
PHUKET: Deputy Prime Minister Admiral Narong Pipatanasia met with the governors of Phuket, Phang Nga, Ranong, Krabi and Trang last week to push for the implementation of the Prime Minister’s ‘Thailand 4.0’ policy to bolster the economy in the Andaman region. At the meeting, held at Phuket Provincial Hall, Admiral Narong said that the nationwide plan initiated by Prime Minister…
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Krabi locals selling palm seeds to boost income
PHUKET: Krabi locals have managed to find a new way to fill up their pockets with extra cash every month by collecting palm seeds (look chok) from nearby forests. Originally earning a regular income from rubber plantations, an additional income of 15,000 baht per month comes by collecting look chok and using them to make and sell desserts in their…
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Finance: Where to invest after Trump victory
PHUKET: As the world learned that Trump had won, equity futures plunged – only to turn positive just minutes after the market opened the next day, with the rally lasting the rest of the week. The fact that the Dow and small cap US stocks shot up by 10 per cent to a new high shows that the market has…
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Ten reasons why the market will head higher
PHUKET: US and global markets continue to hold in a tight 2-3 month range near new highs after breaking out of a long 1.5 year consolidation just after Brexit. This is occurring despite all the pessimism out there surrounding the US elections, the Fed, terrorism, Brexit fallout, Deutsche Bank troubles and other concerns. I have ten reasons to believe the…
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Business Buzz: Think before you share online
PHUKET: This month we are going to cover a range of things that have been topical recently, and a timely reminder of what is important locally. I am going to show my age as a Generation Xer. Growing up, compared to now, things are a little bit different. Whenever we had to do a study assignment, we used to go…
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Finance: Watching elections and electronics
PHUKET: October is known for volatility and a stock market pullback just before the US election could still happen. However, over the past several weeks, I have been seeing defensive stocks weaken and growth stocks start to strengthen. There has also been some movement back into IPOs which could be signs of a speculative bull market forming. Aside from the…
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Finance: Profiting from periods of panic
THERE is a good lesson in handling panic that can be learned from recent events in Thailand. The SET index, which is a broad measure of the Thai stock market, went on a pretty wild ride in response to the news regarding the monarchy. If you are not aware of what happened, the chart (right) shows the massive sell-off, only…
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Demand for black clothes soars
PHUKET: The government and private sectors have joined hands to ensure that the demand for black-colored clothing is taken care of in Thailand, including in Phuket. The move came after the government announced that government officials must wear black clothing for an entire year during the official mourning period of HM King Bhumibol Adulyadej. It is recommended, but clearly not…
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Krabi hosts Global Rubber Conference 2016
PHUKET: Experts and industry players from 25 countries met at the Global Rubber Conference 2016 in Krabi on October 11, to discuss the future prospects of the rubber industry in Krabi and all over the world. The two-day conference was held at Deevana Plaza, Ao Nang, and was organized by the Rubber Authority of Thailand (RAOT) and Confexhub. “More than…
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Wicker products a hit with tourists
KRABI: Handmade bamboo and wicker products manufactured by senior citizens have generated much interest from tourists and foreigners in Krabi. The group is now represented under the Krabi One Tambon One Product (OTOP) banner. The project started in 2014 when a team of 14 senior citizens in Khao Kram sub-district decided to learn the craft and manufacture wicker items in…
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Business Buzz: Advent of panoramic photos
PHUKET: While there has been a lot of news in the press recently about Twitter and what is going to happen with the new relaxed 140 character rules, or the Samsung Note 7 exploding with regularity and being banned from all commercial airlines, the interesting news for me is what we can all use to promote our businesses and get…
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Biz leaders make French connection
PHUKET: Phuket’s tourism industry leaders are banking on boosting the number of foreign visitors to the province by about 20 per cent during the year-end high season by attracting more French tourists. Local hoteliers, tour operators and agencies are hopeful of a new influx of French nationals after a string of successful roadshows in Nice, Lyon and Paris, from September…
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Phuket Smart City emblem revealed
PHUKET: The Phuket Chamber of Commerce launched Phuket’s official ‘Smart City’ logo at an awards ceremony late last month. The colorful contemporary design of a Sino-Portuguese style archway was designed by Ekkachai Jingjai, who was handed the award of 10,000 baht by Chamber President Surachai Chaiwat. The intricately thought out design symbolizes Phuket’s past, present and future. Mr Ekkachai’s logo…
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New venture fills luxury travel niche
PHUKET: Getting from the airport to a hotel in Phuket is probably one of the biggest headaches facing any visitor fresh off a plane. Public transport is limited to just about nothing and taxis have long been notorious to do business with here, so there has been a gap in the market just waiting to be filled – offering tourists…
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