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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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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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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Asean Business and Investment Summit to be held in Yangon
PHUKET: The Asean Business Advisory Council (ABAC) has announced that this year’s Asean Business and Investment Summit (ABIS) will be held in Yangon, beginning November 11. The three-day conference, now in its 11th year, will see representatives from both the private and public sectors addressing ways Asean can better leverage its cultural bonds, history and infrastructure growth to promote the…
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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] | Thaiger](https://thethaiger.com/wp-content/uploads/2017/08/7_201410695537753_aEcFQjPYiYFvWGUhiEjnzCiIOeiwMoFrVKKWllLO_jpeg.jpeg)
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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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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AMCHAM forum sets course for New Phuket
PHUKET: Is Phuket lacking identity? What makes the Phuket brand? How can the island benefit from the current winds of change? These and other issues were addressed at the September 12 AMCHAM forum, titled “The New Phuket”. The latest installment in the AMCHAM seminar series took place at the Angsana Laguna Phuket ballroom and saw a number of speakers, both…
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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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AMCHAM Forum: Staying ahead of the game in the ‘New Phuket’
PHUKET: For the last few decades, Phuket has been evolving into a mainstream, mass-market tourist destination. Now the island’s beaches have undergone extreme makeovers and some even more dramatic changes are on the horizon. “In the aftermath of Thailand’s political crisis, which saw martial law and a nationwide curfew imposed in May, Phuket experienced a sharp drop in visitor arrivals.…
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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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AirAsia X to fly to Tokyo and Osaka in Japan
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community AirAsia X to fly to Tokyo and Osaka in Japan Phuket Gazette PHUKET: Thai AirAsia X is spreading its wings to Japan to tap both the leisure and business segments using Thailand as its gateway to the Southeast Asia region. CEO Nadda Buranasiri said yesterday that…
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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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Escape Hunt’s innovative business venture expands to Phuket
PHUKET: In hopes of further capitalizing on the success of their first venue in Bangkok, Escape Hunt has opened franchises worldwide, including in Phuket, where a venue opened recently in Kathu. Business partners Jasnam Sachathep, Surasit Sachdev and Navin and Dave Anandsongvit quickly realized the business’ potential in Phuket and celebrated their grand opening on August 11, joining the 23…
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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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MICE: Thailand, Myanmar forge ‘landmark’ cooperation agreement
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community MICE: Thailand, Myanmar forge ‘landmark’ cooperation agreement Phuket Gazette PHUKET: THE THAILAND Convention and Exhibition Bureau (TCEB) is teaming up with Myanmar’s largest business association to hold trade shows and related events in both countries, as Myanmar continues its rapid opening up to international business. 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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Don’t stick your head in the sand, start investing
PHUKET: Lately, a lot of the phone calls I’ve been getting are from nervous retirees. They’re nervous for two reasons: One, many of my clients have seen their accounts go up by quite a bit. After all, the US stock market is showing all-time highs. If clients just purchased the ETF of the S&P 500, they’re up 17% in the…
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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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