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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MICE Mart makes it to Phuket
PHUKET: Phuket played host as the final stop on a five city tour of the first annual MICE Mart trade show on Friday. Organized by the Thailand Convention and Exhibition Bureau (TCEB), the events sought to promote MICE (meetings, incentives, conventions and exhibitions) activities in hotspots throughout the Kingdom. The Phuket event saw 50 sellers representing hotels, convention venues, business…
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New dean pledges to start new chapter at Sasin
PHUKET: THE NEW DEAN of the Sasin Graduate Institute of Business Administration, Dipak C Jain, wants to turn the institution into a top business school in Southeast Asia, one that is Asean-focused and driven by some of Thailand’s core strengths. The highly respected educator caught the business school world by surprise when he announced on July 7 that he had…
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Lessons from the World Cup: Looking to the past to plan for the future
PHUKET: Research from the Grant Thornton International Business Report (IBR) has found that the enthusiasm Brazilian businesses held for hosting the 2014 FIFA World Cup plummeted over the past two years leading up to the event. However, while few business leaders predicted increased investment or increased profits as a result of Brazil hosting the competition, there is hope that infrastructure…
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Retirement planning is more than just investing
PHUKET: A common question that I get from potential clients is, “Why do I need a registered investment adviser? I can buy stocks on my own.” Well, retirement planning is more than just buying and selling stocks and bonds. The answer is that retirement involves not only investment planning, but it also involves tax planning. The best way to explain…
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Phuket entrepreneur takes to the skies
PHUKET: Perched on a steep hillside directly beneath the watchful gaze of the Big Buddha rests the compound that houses Helicam. Owned and operated by British national Phil Clark, the media production company, which specializes in aerial photography and videography, is just about to celebrate a dozen years of operating in Phuket. The anniversary will be highlighted by the upcoming…
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THAI Smile poised for relocation to Don Mueang
PHUKET MEDIA WATCH – Thailand business news selected by Gazette editors for Phuket’s international community THAI’s Smile Air poised for relocation to Don Mueang The Nation / Phuket Gazette PHUKET: Thai Airways International Plc has prepared its budget Thai Smile Air for take-off from Don Mueang International Airport on August 8 to snatch passengers from low-cost competitors. The flag carrier…
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Laguna Phuket to host Thailand’s first domestic MICE mart
PHUKET: Laguna Phuket will be the location of Thailand’s first Domestic MICE (meetings, incentives, conventions and exhibitions) Mart on August 1. The event is being organized by the Thailand Convention and Exhibition Bureau (TCEB), a public organization tasked with promoting and developing MICE businesses and events in Thailand. The campaign aims to advocate and enhance MICE industry development in Thailand…
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Thai AirAsia cuts 2014 passenger estimates
PHUKET MEDIA WATCH – Thailand business news selected by Gazette editors for Phuket’s international community The Nation / Phuket Gazette PHUKET: Thai AirAsia Co has lowered its passenger projection for this year from 13.2 million to 12.6 million because of the political crisis that has hit inbound travel during the past two months. Santisuk Klongchaiya, director of commercial operations, said…
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Mixologist explains how to keep a smooth flow behind the bar
Richard Gillam talks about bringing 5-star service to Phuket’s bars. VIDEO: PGTV PHUKET: Many bars and beach clubs in Phuket are tempted by the romance of gastronomic concoctions in the kitchen to bring the same flare to their drink menus as a way to boost profits. However, for the vast majority of them this isn’t the solution, explains Richard Gillam,…
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Thailand strives to increase organic exports
PHUKET: The Ministry of Commerce is pushing for organic products on the national agenda following growing demands worldwide, especially in the US and European markets. Permanent Secretary for Commerce Chutima Boonyapraphatson said the ministry would join hands with eight government and private organizations to promote Thai organic products which had become increasingly popular despite an economic slowdown over the past…
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Thailand ‘Travel Shield’ insurance may be purchased by tourists starting today
PHUKET: The Tourism Authority of Thailand signed a memorandum of understanding (MOU) with the Office of the Insurance Commission (OIC) on yesterday to create low-cost insurance schemes for foreign tourists that start at just 650 baht per person. Thawatchai Aranyik, governor of the Tourism Authority of Thailand (TAT), and OIC secretary-general Prawet Ong-atsitthikun signed the MOU for the project, which…
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Dusit Thani Laguna Phuket appoints new director of sales and marketing
PHUKET: The Dusit Thani Laguna Phuket has announced the appointment of Sanjeev Tandon as its new Director of Sales and Marketing. An Indian national, Mr Tandon holds a master’s degree in Management Studies with a specialization in marketing from the SP Jain Institute of Management and Research at Mumbai University, India. He also comes to the role with extensive experience…
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Nominations being accepted for Thailand’s first Expat Entrepreneur Awards
PHUKET: Bangkok-based publisher, The BigChilli Company, has announced that it will be hosting Thailand’s first Expat Entrepreneur Awards 2014 on September 25 in Bangkok. The accolades will be awarded in a variety of categories such as arts and culture, education, hospitality and travel to highlight the contributions that foreign-owned/managed companies have made to Thailand’s economy. The awards ceremony is jointly…
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Retirement is all about safety first
PHUKET: I cannot even begin to tell you the horror stories I hear from many expats I meet. Unfortunately, they’re coming to see me too late or have not been reading my columns. The first thing that many Americans or Europeans think when they move to Thailand is how cheap it is to live here. We got a lot more…
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Amari appoints new AGM based in Patong
PHUKET: ONYX Hospitality Group, which operates the well-known Amari hotel brand, has announced a restructure of its key hotel and corporate operations roles in Thailand. As part of the restructure, ONYX has promoted their talented hospitality professionals Pierre-Andre Pelletier and David Cumming to the positions of Vice President Area General Manager for Southern Thailand and Bangkok, respectively. Both veterans in…
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Grand Mercure Phuket Patong sets its sights high
PHUKET: After 13 years in the Kingdom, 36-year-old Sebastien Tronchet has risen from hotel intern to general manager overseeing the pre-opening, opening and operation of the Grand Mercure Phuket Patong. Like many general managers, Sebastien began in food and beverage (F&B) and quickly ascended the ranks. “I’m lucky to come from a little province in the South of France. We…
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Accor steps into high-end ring with Grand Mercure Patong Phuket
THE ACCOR Group’s latest high-end hotel in the province is aiming to quickly ween itself off the source of its current success, TripAdvisor, and use agent-sourced revenue streams to hit its 2014 goal of gross revenue exceeding 160 million baht. “Phuket is an agent-based destination. It’s the bread and butter of the business. It would be too risky to rely…
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Phuket Pearl Group to promote and sell its products in overseas markets
PHUKET: Phuket Pearl Group, a large Thai cultured-pearl producer, plans to promote its “Amorn Pearl” trademark internationally. President Amorn Intorncharoen said last week that the company realizes that to become the leading pearl trader and integrated farm operator in the region – in the face of the seamless trade promised by the fast approaching AEC integration – trademarks and brand…
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Phuket Airport shops given three days to clean up, or get out
PHUKET: Owners of the stores operating inside Phuket International Airport have until Thursday to present official proof from the Airports of Thailand (AoT) that they have permission to operate, or see their shops shut down, a Navy captain has warned. “Any airport shops open past the deadline without the appropriate papers posted at the store, or found selling products not…
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Hotel investment in Thailand likely to decline on AEC opening
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Hotel investment in Thailand likely to decline on AEC opening The Nation / Phuket Gazette PHUKET: Investment in new hotels in Thailand is expected to slow next year as many key players concentrate on newly opened markets to cash in on the opening of the Asean…
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Investment advisers: Whose side are they really on?
PHUKET: In the world of providing financial planning and investment advisory services, just about everyone claims to be, or tries to pass themselves off as, an expert looking out for your best interest. But just who is an investment adviser really serving and more importantly, who is watching over him or her? For expatriates, asking such questions is important because…
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Insights of a veteran hotelier
At 59 years young, Gerard Tan has some years behind him, but he doesn’t let that slow him down. “We should go out and drink one night,” says Tan as he settled down to a strong coffee in the courtyard of the Millennium Resort Patong. However, he can’t be blamed for his festive mood. After a seven-year stint as the…
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Facebook is getting less friendly
PHUKET: A few weeks back a friend of mine told me he’d seen a great band at Gig’s Jam Club in Nai Harn. It sounded like an amazing night and I was kicking myself that I missed it. Then I checked my calendar and it turned out I hadn’t been busy that night and was literally just up the road…
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Local gelato producers serve up the good stuff
PHUKET: In the high season, more than 4,000 scoops of gelato and sorbet – chocolate, licorice, durian, rice and wasabi flavors among them – are produced every day on Phuket by local ice cream makers. Though that’s nearly 10,000 kilograms a month, and does not include sales by big players such as Haagen Dazs and Movenpick, there is still room…
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Generating a passive income stream
PHUKET: The whole point of retirement planning is to get to a point where you no longer need to actively work to provide you with the things you need or want. This can be accomplished by saving enough money that you can draw it down slowly until you die, but the downside of this approach is that you obviously never…
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International arrivals and hotel occupancy strong in first quarter
PHUKET: The number of international tourist arrivals to Phuket grew by 6.9% year-over-year (YOY) to 962,953 arrivals in the first quarter of 2014. An increase in direct international flights to Phuket have helped insulate it from any negative impact from the ongoing political turmoil in Bangkok, according to CBRE. The average occupancy of upscale hotels (with rates over 2,000 baht…
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The military coup is bullish for the Thai Stock Market
PHUKET: For those of us from the United States and Western Europe, it is hard to imagine a military coup occurring in our home countries. Matter of fact, I get calls from nervous friends and relatives asking if I’m okay and if there are tanks in the street. Well, for those of us that have lived here for quite some…
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Coup puts dent in Phuket hotel occupancy numbers
PHUKET: Hotel occupancy has taken a hit in coup-time Phuket with cancellation and booking rates falling short of last year’s numbers. Though figures vary between the Tourism Authority of Thailand (TAT) Phuket Office and the Phuket Tourist Association (PTA), both agencies agree that the coup has affected the tourism industry. “Booking cancellation rates are up about 10 per cent compared…
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Lion Air roars into Southern Thailand
PHUKET: Regional low-cost carrier Lion Air has launched services to several new destinations in Thailand, with its Thai subsidiary Thai Lion Air, aiming to establish Hat Yai Airport (HDY) as a second hub in Thailand. Executive Managing Director of Thai Lion Air, Andi Burhan, said that the carrier’s decision to use a 72-seat ATR 72-600 prop plane, the first ATR…
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Economic outlook positive despite coup
PHUKET: Business and economic leaders have expressed confidence in the economy despite the uncertainty surrounding the direction the National Council for Peace and Order (NCPO) will take in the coming weeks and months. The heads of several leading property development companies, including Italian-Thai Development Plc, Sansiri Plc and Land and House Plc, all of which have large projects underway or…
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