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: Take financial opinions with a pinch of salt
PHUKET: It’s very easy to get confused in the era of 24-hour media with regards to what’s going on in the world economy. To make matters worse financial opinions are often reported as facts. Many times there are hidden agendas behind these, so it’s important to take any opinions with a grain of salt. The idea for this article came…
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Finance: Analyzing key market indices for tech stocks
PHUKET: As of the end of March, US stock markets hit some overhead resistance on their technical charts and pulled back a bit, with the rally that started in February looking similar on the technical charts to the rally of September, which ultimately rolled over. There is a strong possibility that the market (or at least the S&P 500) has…
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Phuket cashew nut industry goes global
PHUKET: Metee Company Phuket Ltd’s unique cashew-nut cooking process and new packaging is bringing the company international recognition and larger revenues. The Chalong-based company is just one of several local businesses that have changed the quality of their products and branding in order to compete in larger markets. The company has since been accredited by the Ministry of Commerce as…
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Finance: Impact of gap years on your finances
PHUKET: As the Phuket Gazette‘s managing editor is imminently departing on his possibly crazy adventure to wherever the dice will take him, I thought it might be a good time to discuss gap years and how they tie in to your long-term financial well-being. There are two main types of gap years. The first is either before, or immediately following…
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Finance: The right time to get back into the stock market
PHUKET: While all of my long term clients (and myself) have been in cash for some time, there will be a time to get back into the stock market, but when will that be? To recap recent market action: major United States and global indices have already moved higher off their panic February lows, led by retail, gold, materials and…
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Local fishermen dish out ‘fishy’ details
PHUKET: Anchovies may be small fry, but they are big business for some fishermen operating out of Phuket’s main fishing port. Known locally as ‘pla ching chang’, anchovies have been a steady source of income for the last 40 years for fishing boat owner Kumnueng Dumead. However, business is not always plain sailing, especially during the rainy season. “During the…
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Finance: What is a contrarian investor to do these days?
PHUKET: If you read my columns regularly, you know that I like to try to approach investing from a contrarian viewpoint. This basically means going against the crowd and the current trend, or essentially buying things when they are beaten and battered down and selling when everyone else loves them and thinks the run will last forever. So what does…
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Cold business for Songkran
PHUKET: Songkran can be a lucrative time of year for the island’s ice makers as sales rise with the summer heat. Many revellers load barrels onto pick-up trucks, filling them up with water and a big block of ice. In fact, Songkran ice sales are a good barometer for measuring the state of the tourism industry on the island, according…
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Finance: How to meet the right people for success
PHUKET: They say you can determine a man’s income simply by taking the average of the four or five people with whom he spends the most time. I am not sure how scientific the study was that has produced this timeless piece of advice, but the general concept is easy to validate if you look closely at the people you…
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Business Buzz: Oversaturation of Facebook groups
PHUKET: One of the great benefits of Facebook is that due to the sheer number of people using it, it has become a marketer’s dream to easily and cheaply connect with potential customers and to market products and services with great results. But has it now reached the point of over-saturation? A classic case in point is the use of…
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Phuket International Academy Graduates to UWC Network
PHUKET: The Phuket International Academy confirmed last week its new affiliation with the global network of United World Colleges (UWC). “We are delighted to have become part of UWC; a leader in education in 15 different locations around the world. The UWC is a federation of independent international schools that use the same education model. This affiliation will also encourage…
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Finance: Investing in Oil – The Ultimate Risk
PHUKET: It may be tempting to call a bottom for oil prices and then go bottom fishing for oil stocks or Exchange Traded Funds (ETFs). Unfortunately, oil is one sector that most investors (especially those who aren’t working in the sector) will want to stay away from now and for the foreseeable future. Thanks to a combination of too much…
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Finance: Building a larger stream of future income
PHUKET: I am often contacted by people without massive amounts of cash asking me what they can do to prepare for the future. Early in my career I tended to take the approach most people in the industry do, which is to focus on the rich and let everyone else know that you are sorry about not being able to…
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Feadship’s Asian market blooming
PHUKET: Well ahead of the incredibly successful inaugural Thailand Yacht Show (TYS), Feadship Royal Dutch Shipbuilders were making superyacht waves while expanding into the the Asian region. “At this moment, Feadship is building multiple yachts in different sizes and in different models for Asian and Asia-based clients. The product and the brand appeals to the most discerning yachtsmen in the…
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Finance: Will 2016 be the year of the bear?
PHUKET: There’s an old saying on Wall Street that might unnerve investors: “As goes January, so goes the year.” Unfortunately, January 2016 was a very bad opening for stock markets. In fact, it was one of the worst openings in one hundred years, as the Dow Jones industrial average fell about 5.5 per cent while NASDAQ fell almost eight per…
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Building a medical tourism hub
PHUKET: Phuket has the potential to become a leading regional hub for medical tourism, an industry that is well positioned for exponential growth primarily led by the demand for aesthetic treatments. Investment opportunities in medical facilities and premises are increasingly attractive amid the backdrop of a global economic slowdown. Despite the diminishing legacy market for ‘Gender Reassignment’ Surgery (GRS), more…
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Finance: Tech stocks are still dangerous
PHUKET: You would think the lessons learned in the dotcom bubble and subsequent crash would not be so quickly forgotten, but last year’s purchase by Facebook of the free smartphone app Whatsapp for 22 billion dollars was a very good reminder of how quickly we forget. There is no reason to put your life savings at risk with individual stocks…
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Business Buzz: How to master email marketing
PHUKET: Other than branding, one of the primary functions of social media marketing is to create a database of potential customers. But building the database is only the first step, so what do we do with it once we have it? I have previously discussed the importance and value of your database; now I am going to show you how…
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Finance: Understanding stop loss orders
PHUKET: With global stock markets off to a rough start this year, it’s time to take a closer look at stop loss orders and how they can help as well as hinder you from achieving your investment goals. So what exactly are stop loss orders? A stop loss, or simply a stop order, is an automatic trade placed in advance…
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Peeking behind Phuket’s lace veil
PHUKET: With its idyllic beaches and beautiful beachfront resorts, Phuket is not only a hub of tourist activity, but with Asean integration now a factor, it is also well on its way to becoming a key global economic player. One industry that has seen sustained growth in the past decade is wedding planning and luxury events management. Here is a…
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Asia Marine moves into motors
PHUKET: Asia Marine has been building, selling, chartering and managing yachts in Phuket for more than 25 years, and was voted ‘Best Asia based Yacht Charter Agent’ in the 2007 Asian Boating Awards. In December last year, Asia Marine CEO Vincent Tabuteau took the company in a new direction by joining forces with Frenchman Eric Noyel, founder of Asia Marine…
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Galileo Maritime Academy sends ambassadors to TYS
PHUKET: Thalang’s Galileo Maritime Academy is shining at the first-ever Thailand Yacht Show. Founded in 2012 by Brian Murray, a career chief engineer in the British Royal Navy and a superyacht captain for 30 years, Galileo offers courses that combine skill sets from the hospitality trade to the skills needed for working as superyacht crew. “The Thailand Yacht Show is…
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Battling boat show inertia
PHUKET: In a region already swamped with boat shows, the development of a new show has not been an easy undertaking, admitted Andy Treadwell, managing director of 3L Events, organizers of the Thailand Yacht Show (TYS) 2016 as well as the Singapore Yacht Show. The biggest problem with launching such a show is convincing the industry that you know what…
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Aussies tackle unidentified medical patient quagmire in Phuket, Bali
PHUKET: Australian-based company IDTracker was launched to tackle the frightening number of unidentified foreign patients arriving unconscious or incoherent at Phuket hospitals. The company’s simple, durable wrist bands provide a unique emergency identification code number that is linked to the wearer’s secure on line profile and can be used by medical staff to access insurance details, emergency contacts, medical history…
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Finance: Fancy a punt in the semiconductor market?
PHUKET: The semiconductor industry helps drive technological progress and yet many semiconductor stocks have lagged the performance of the broader technology sector recently. However, small cap MaxLinear, Inc (NYSE: MXL) is an exception as shares are up 134 per cent from the start of 2015 to November, plus shares rallied close to 28 per cent after the company reported third…
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Lee Marine brings big names to Thailand Yacht Show
PHUKET: Lee Marine International Marine Brokerage’s re-investments continue in Phuket with the main focus being to better serve the many yacht enthusiasts who see their future on board any of the yachts represented by our firm, explained Josh Lee, founder and CEO of the company. The strength of their business success combines a wide product range with an experienced, dependable…
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Finance: Rethinking the Big Mac Index for baht
PHUKET: The Big Mac Index has just been released for the year. The index was invented by The Economist as a lighthearted guide to whether currencies were currently undervalued or overvalued. Since I am always being asked my opinion on the baht, I thought this might be a good time to address the issue. The index is meant to be…
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Phuket Lighthouse Market back by popular demand
PHUKET: Building on its success last year, the Boat Lagoon Lighthouse Market is preparing to launch a redesigned layout at its venue as it continue to provide island exposure for local vendors and big-name luxury goods dealers. “We want to create an outdoor theater concept. Something similar to ‘theater in the park’ or ‘cinema in the park’, which are both…
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Business Buzz: How much is a “like’ worth?
PHUKET: A ‘like’ is a measure on Facebook of how popular a page or a post is with other Facebook users. Someone recently asked me what a ‘like’ on Facebook was worth to a business. It started me thinking, could an actual value be placed on a ‘like’? The answer of course is yes, but for each business this value…
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Finance: The ‘not so sexy’ New Year’s resolution
PHUKET: Many people like to make New Year’s resolutions, and the most common ones tend to deal with health. Sadly, most people do not stick with their resolutions for very long, and I will get to one of the main reasons for this in a bit, as well as how to avoid falling into this trap. But let’s consider a…
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