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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Sponsored A World Kindness Day: Spread kindness, prevent illness - Get your 10% discount
With World Kindness Day just two days away on November 13, it’s the perfect time to reflect on how empathy and care can make a real impact, not just in our relationships but in our health, too. This day is...
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Not all cryptocurrencies are the same
By Asina Pornwasin Thai companies wanting to raise public funds via Initial Coin Offerings (ICOs) using cryptocurrencies should be required to follow the strict rules and regulations on Initial Public Offerings (IPOs), currently applied to stocks and other financial instruments, said experts. The cryptocurrency hype in Thailand has stepped up following an announcement from listed Thai firm Jaymart’s J Venture…
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That was 2017. This is 2018. Thai Economy
by Patrick Cooke, Regional Editor for Asia. Rising overseas demand for goods and services pushed Thailand’s GDP towards five-year highs in 2017, with business-friendly fiscal policies and planned spending on infrastructure expected to support further expansion in 2018. The Thai economy improved over the course of 2017, recording year-on-year growth of 3.3% in the first quarter, 3.8% in the second…
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Future of money or a fraud? Deconstructing Bitcoin in the region.
By Asia News Network, NEW DELHI Bitcoin’s popularity in Asia has had a positive influence on other alternative cryptocurrencies such as ethereum and litecoin. Clearly there is a great demand for such digital money, even though its volatility hurts. Asia has reacted both warmly and violently to the rising interest and craze in cryptocurrencies. Asian regulators have either outrightly banned the…
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WEDNESDAY MORNING HEADLINES – All your news in 3 minutes
A lot of stories making up our news feeds today, from all over Thailand. Let’s ignore the threat of a 100% chance of rain from the forecast and focus on the sunshine in between. Here are today’s main news stories… Minimum wage rise, but… Debate over a rise in the minimum wage is heating up, with a key battleground opening…
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mu Space is awarded 15 year satellite license to assist rural Thailand
mu Space becomes Thailand’s first space technology startup to operate a satellite service after the National Broadcasting and Telecommunications Commission awarded a license for the company. The 15-year license covers the operation of a satellite and provision of satellite-based services until 2032. Speaking on behalf of mu Space, Chief Technical Officer Samathorn Teankingkaeo said his team plans to differentiate mu…
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Phuket Gateway 2.0 to be ready next month
Phuket Gateway will be ready to kick off on December 12 this year and is expected to be the welcoming landmark of Phuket at the top of the island providing useful information to travelers. This morning (November 9) Phuket’s Governor, Norapat Plodthong, chaired a meeting to follow up on the project – the Phuket Gateway at Thachatchai – which was…
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Where’s the best place to do business in Asia? (It’s not Thailand)
Singapore, closely followed by South Korea, remains the best country in which to run a business, according to the World Bank. While Brunei, Thailand and India have registered the most notable improvement in the ease of doing business. Pakistan, Myanmar and Bangladesh are the region’s lowest ranked economies. In the World Bank’s Ease of Doing Business list, Singapore has been…
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Billion baht sports & conference complex to be built at Mai Khao Beach
Phuket’s Governor led a team to visit 150 rai of land on Mai Khao Beach today (November 8) to review the plans to build a sports complex with a 900 – 1,000 million Baht budget from the budget year 2019. The sports complex is expected to attract more sports tourism to the island featuring a sports centre, exhibition hall and…
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Show and tell – Governor in BKK to promote Phuket Street Food
Phuket’s Governor attended a press conference regarding the Phuket Street Food Festival 2017 in Central World Mall, Bangkok. The events will take place during the green season on September 16 and 17 at the 72nd Anniversary Commemoration of Queen Sirikit Public Park in Phuket Town. Phuket is one of 18 cities across the globe that are given the special title…
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Is Bangkok’s property market cooling off? No, says Bloomberg.
An update on the Bangkok property market from Bloomberg. “We’re still undervalued as a country, compared to Singapore and Hong Kong. And China, in a lot of major cities.” Click the chart to watch the Bloomberg report on Thailand’s biggest property portfolio. PHOTO: fazwaz.com
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World Bank upgrades Thailand’s growth projections
The World Bank on Thursday upgraded its economic growth projections for Thailand to 3.5 per cent from the 3.2 per cent estimated previously. The Bank said that economic growth in Thailand is gaining momentum, with global growth and recovery from severe droughts buoying an expansion of GDP by 3.3 per cent in the first quarter and 3.7 per cent in…
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Sports events leading the way in MICE
Sporting events are a key catalyst for Phuket’s MICE (meetings, incentives, conferencing, exhibitions) demand, with the industry valued at THB 5.74 billion. C9 Hotelworks has released their new Phuket MICE Tourism Market Update (c9hotelworks.com). With Thailand being ranked as the top MICE destination among ASEAN countries in 2016, Phuket is one of the major contributors with a total of 202,555 visitors.…
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Property Lawyer Matthew McEvily Passes Away
Well-known longtime Phuket real estate lawyer Matthew McEvily passed away in the United States on June 20th. He was 59 years old. McEvily was actively involved in the real estate sector in Phuket, Bangkok and Samui. For a number of years he was a a partner in McEvily & Collins law firm, and later on his own under McEvily and…
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The Outlook is Bullish
Despite the volatility that occurred early in the session on Thursday and Fintwits’ instantaneous panic, markets remain in a firm position on the weekly charts. The weekly chart of the SP500 still posted a higher high and higher low in relation to last week’s bar, which was bullish follow- through from the prior week’s breakout. The Thursday intraday blip brought…
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Finance: Using monthly charts to analyze trends
PHUKET: Monthly charts are among the first buy signals I look for when selecting stocks because they show bigger time frames where long term trends can be seen. As we enter the summer months, a short term pull back could still happen and this would be a perfectly normal price action. Lately we haven’t yet seen any price action to…
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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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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: Market pullback nothing to worry about
PHUKET: As of late March, US stocks appear to be cooling after strong gains since the US elections. Over the next 1-3 months, I expect further market consolidation with a pullback by major market indices to the 50-day moving averages level being a real possibility. The Dow Jones could fall below 20,000, while for the S&P 500 index, a 3-5…
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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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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: Russians slated to return to Phuket
PHUKET: The economy of Phuket will pick up over the next couple of years because the Russian economy, ruble and stock market are finally recovering. Russia’s energy and commodity driven economy was hit hard by low energy and commodity prices, along with President Obama’s sanctions in response to the annexation of Crimea in 2014 and other troubles in Eastern Ukraine.…
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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: 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: A good time to invest in Phuket
PHUKET: I am asked so often about Phuket real estate that I find it a good topic to address from time to time. Of course, there are legal hurdles to consider, but I will leave that aside for today and focus simply on the issue of timing. Is now a time to be buying or fleeing the island? As with…
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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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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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