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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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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Lofty relocation at Boat Lagoon
PHUKET: After 14 years at his original premises overlooking the hard stand at Phuket’s Boat Lagoon in Koh Kaew, Muzza Nordstrand has moved his Canvas Creations to a new loft. “We’re still in the Phuket Boat lagoon, as you drive in from the main road, turn right alongside the football field behind the gas station and you’ll find us in…
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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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Phuket Hotel Association to be the voice of island’s tourism industry
PHUKET: Speakers at the American Chamber of Commerce (AMCHAM) forum yesterday proceeded to create a private enterprise council composed of leaders in the tourism industry in order to develop a single voice and brand identity for Phuket. “[It] all starts with the initiation from us here… People will not listen to just one single person,” said Wichit Na-Ranong, owner and…
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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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Bioplastics break into local market
PHUKET: Dairy Home, a leading dairy producer, has agreed to use bioplastics for all of its yoghurt packaging, in a deal struck with NatureWorks Asia Pacific, an affiliate of PTT Global Chemical, marking significant progress in PTTGC’s aspiration to turn Thailand into a hub of the bioplastics industry in Asia. Dairy Home Managing Director Pruitti Kerdchoochuen said he expected other…
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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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![Swash floods Phuket with all-natural, organic yoghurt [video] | Thaiger](https://thethaiger.com/wp-content/uploads/2017/08/7_201482816373953_lkxKNQdpMoGRwoDJxpZCMQqbGYfcfZqixKArKJRK_jpeg.jpeg)
Swash floods Phuket with all-natural, organic yoghurt [video]
PHUKET: Based in a small house in Nai Yang, Premchit Prateap Na Thalang has been feeding Phuket all-natural organic yogurt since 2012. Produced under the Swash brand, Ms Premchit and her two employees manage to dole out about 3,000 cups of the healthy snack each week. “My background is that I grew up in the jungle… in Khok Kloi [in…
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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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