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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Phuket tourism market eyed for semi-submarine pilot
PHUKET: Looking to build on its recent successful launch in Malaysia, one Korean marketeer is now eying the Phuket and Phang Nga marine leisure markets for its simple yet innovative semi-submarine vessel.“The Penguin” was one of several interesting marine products that stood out at this year’s Phuket International Boat Show (see page 44 for more details about the event); To…
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Phuket Chinese New Year: fruit up 30%, no change in meat, vegetables
PHUKET: Produce shoppers did not seem deterred by the 30% annual increase on fruit prices ahead of the Chinese New Year celebrations, a visit today to one of the Phuket’s main fresh markets revealed. Meanwhile, no significant annual change was observed in the price of most vegetables and two staple meats – chicken and pork. Earlier today, the Gazette visited…
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Australia Day message from the Australian Ambassador to Thailand
PHUKET: Australia Day is the ideal day to reflect on Australia’s domestic and international achievements. It is also an opportunity for Australians and Thais alike to celebrate and reflect on the relationship between our two countries. Over several generations, Australians and Thais have built a solid bilateral relationship, establishing excellent models of cooperation and finding new ways to learn and…
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Don Battles – Merchant of the Orient: no regrets
PHUKET: “This Thailand, you farang!” Perhaps it’s that simple for many fainthearted foreigners struggling to justify distorting dreams for self-made financial freedom in the “Land of No Surprises”; but for one Phuket expat, entrepreneurial legend, the plot turned out to be a tad thicker. Anyone doing business in Phuket – or even just entertaining the prospect – should definitely read…
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Khao Lak – our neighbor to the north
PHUKET: These are exciting times for long-term Khao Lak resident Sascha Meissmer, Sales Manager of the all-new Khaolak Magazine. As the first issue of the quality magazine rolled off the presses recently to considerable acclaim, we managed to grab a moment with Sascha, 44, to find out more. So Sascha, tell us, what is the purpose of the new magazine?…
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Phuket Business: Boat Avenue, Villa Market opens in Cherng Talay
PHUKET: It’s been too long – residents of Laguna Phuket, Cherng Talay and Bang Tao, who had been travelling all the way to Tesco Thalang to do most of their shopping, were forced to undertake expeditions to the well-stocked markets in the south of the island to buy hard-to-find imported goods. But with the grand opening of the Boat Avenue…
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Makro’s Rawai branch open for business
PHUKET: Siam Makro PCL, the Thai subsidiary of Dutch “cash and carry” chain Makro, on December 20 opened its third store in Phuket, on Wiset Road in Rawai. The new branch is Makro’s second “Food Service” format store in Phuket, following the opening of its first branch in Patong earlier this year. Speaking at the grand opening ceremony, Jantima Goiphol,…
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Phuket Aviation: Jetstar Asia CEO talks regional markets
PHUKET: Well-positioned to meet swelling demand for one of Phuket’s top three tourism source markets in the post-GFC era, leading low-cost carrier Jetstar celebrated its first direct flight from Melbourne to Phuket on December 14; As reported earlier this month by the Phuket Gazette, story here. The airline also recently announced that it will deploy one of its flagship Dreamliner…
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A beacon of light: Lighthouse Restaurant on Chalong Bay
PHUKET: Located right on Chalong Bay near the Kan Eang pier, the Lighthouse restaurant and bar has earned near historical status among expats, tourists, and yachties alike. After being built in 1988 and managed by American Jimmy Pearson, Jimmy’s Lighthouse Bar and Grill enjoyed years of operation until recently when the doors shut and only a defunct restaurant and memories…
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The lowdown on common EFT investments
PHUKET: Given that so few managed funds are able to consistently beat important market benchmarks, Exchange Traded Funds (ETFs) are great investments, because they track and replicate the performance of key market indices at a minimal cost. However, the popularity of ETFs has led to their proliferation with some being better investments than others. So what are the best ETFs…
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Beguiled by jewels
PHUKET: Art gallery owner Eric Smulders is well known on the island for his passion for Asian art, but recently he has taken the plunge into the world of fine jewelry. At his gallery in Surin, Soul of Asia, Eric will be displaying and selling 60 pieces of exquisite jewelry featuring precious stones such as diamonds, emeralds, tanzanites, sapphires, rubies…
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Phuket Business – Man of vision: Boon Yongsakul
PHUKET: Boon Yongsakul is the Deputy Managing Director of Boat Development Company, the dynamic local entity building some of Phuket’s newest commercial projects that will help lift the island’s business infrastructure to new heights.Boon is the latest of the Yongsakul generation to make his contribution to the changing face of the island. “My great-grandfather came to Phuket as a worker…
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Tesco Lotus opens new Phuket department store in Chalong
PHUKET: Tesco Lotus today opened its new Chalong Phuket Department Store on Chao Fa West Road.The store offers a wide range of fresh food and groceries, as well as a large variety of housewares, electronics, toys and furniture. The store complex has 72 commercial tenants including banks and leading restaurants. The Tesco Lotus store will create 170 jobs in the…
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Be a responsible investor – Phuket Finance
PHUKET: There is much wrong with our world unfortunately. I am guessing this is not news to most of you, and the corporate profit motive is widely accepted as being a major cause of many of the modern world’s largest problems. I am often asked by clients how they can invest in the markets without inadvertently supporting or contributing to…
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Protect yourself from cyber-crime – Phuket Business
PHUKET: As an expatriate living in a foreign country, you are particularly vulnerable to cyber-crime as you probably use the Internet to access your financial accounts and the statements associated with those accounts. With that in mind, here are ten tips to help you foil potential cyber-criminals: Security starts with your financial institution Although it’s inconvenient, your financial institution should…
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Mont Clair sponsors the King’s Cup regatta
PHUKET: The popular wine brand, Mont Clair is to sponsor the Phuket King’s Cup Regatta for the sixth consecutive year following the popularity of its wines during previous race years. Mont Clair South African Wine products will be available for all guests, as sailors, spectators, VIP attendees, media guests and sponsors relax and party to live entertainment amid an expected…
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WTF – “What The Future Holds” Event Summary
PHUKET: Professor Steve Keen is often quoted as saying that the only people who believe they can see the future are fortune tellers, economists and God, and that, while he’s sceptical about fortune tellers, he knows for a fact that economists are deluding themselves, often with appalling consequences. Managing clients’ hard-earned assets shouldn’t be based on an individual assumption of…
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Oh what a feeling… walking on the ceiling
PHUKET: Lionel Richie’s feel-good 80s tune is about to apply in a more literal sense, with the opening of Phuket’s newest quirky, off-the-wall attraction which will enable visitors to actually dance, or walk, or crawl, or slide… on the ceiling. The beginning of 2014 is set to welcome a three-story, fully furnished house which will become the newest tourist attraction…
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Telly just like back home
PHUKET: As expats, we all have things that we miss about our home countries. For me, I have to say what I miss the most is American television. I miss having hundreds of channels (all in English) that I can watch whenever I want. There’s nothing quite like ESPN, HBO, Showtime, Starz (NASDAQ:STRZA) and AMC Networks (NASDAQ:AMCX) with their hit…
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How and why to get a Thai credit card
PHUKET: I am so often asked by foreigners living in Phuket about how to obtain credit cards, that I thought it might be helpful to explain the how and why of the situation. While some may be able to qualify for the traditional unsecured revolving card that we normally think of as a credit card, the normal situation is that…
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Low minimum access to a Wall Street legend
PHUKET: I have followed the performance of the Abraham Trading Company for many years but it has always been off limits for use with the vast majority of my clients. As has happened with a lot of high-class money managers recently, a low minimum feeder has been opened that allows access to your average offshore investor. What I like about…
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Understanding financial adviser fees – Phuket Investor
PHUKET: Let’s be upfront and say that while no one likes paying fees, there is no such thing as a free lunch, and I, as a financial adviser providing financial advice, along with those on Wall Street who create investment products all need “to eat”, so to speak. That said, there is no reason for you to pay unnecessary or…
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Kvik-start your future – Phuket Business
PHUKET: The Danish kitchen brand Kvik, known for its high-quality, low prices and fast delivery times, has rapidly expanded its presence in Thailand over the last year and is on the lookout for business partners in Phuket. Kvik Associate Thomas Sorensen explained that as part of Kvik’s current expansion, the company is offering an unprecedented support package to its new…
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Zero tolerance for ‘zero dollar’ tours
The governments of Thailand and China are working hand-in-hand to limit the number of tourists coming from the latter to the former, especially the “low-quality” ones, the [former] head of Phuket’s official tourism office recently announced. Reinforcing Thailand’s efforts to shift focus from quantity to quality tourist markets, the Chinese government since October 1 has been enforcing new regulations affecting…
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From planes to trains and back to automobiles
PHUKET: Over the past few weeks, political debates in Thailand have often been centered on the government’s national high-speed railway project. Punches, counter punches and even the kitchen sink have been thrown into the arena. Who the heck needs to run with the bulls when you can get gored by an out-of-control locomotive? During the same period, I was able…
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Poll: Phuket prefers Coke
PHUKET: Just under half (49.6%) of respondents to a recent Gazette poll said they prefer the taste of Coca-Cola (Coke) over that of three other competing brands on the market – Pepsi, Est and Big Cola. The poll, which ran online from August 2 to September 1, was answered by 514 unique respondents, who were asked which cola brand (sold…
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Phuket pool factory to make a splash
PHUKET: Swimming pool designer, manufacturer and retailer, JD Pools, recently held a celebration to mark the completion of their new factory and training center at Thalang. The 5,000 square meter factory is aimed at cementing JD Pools’ position as the largest pool manufacturer in ASEAN and will also function as a training center for their staff from across the region.…
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Phuket tourism icon inspires AMCHAM meeting
PHUKET: Change – experiencing it, realizing it, understanding it, anticipating it and then trying to figure out how best to implement it for the optimal benefit to Phuket and all of its stakeholders. Such was the underlying theme of an awe-inspiring speech given last night by Wichit Na Ranong, a key driver, if not the father, of Phuket tourism. Co-founder…
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Last Call – Is there life on Mars?
PHUKET: I found myself singing the David Bowie classic from Ziggy Stardust just this morning in the shower, with that classic line “Is there life on Mars?” I’m not quite sure of the answer, though sipping cocktails while viewing a lunar Martian sunset certainly sounds like a good idea. That just may be the penultimate sundowner. Yes, the danger signs…
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Phuket tourism pioneer to speak at next AMCHAM meeting
PHUKET: One of the island’s leading hotel figures, Wichit Na-Ranong will speak about Phuket’s changing tourism landscape this Friday, September 6, at the Indigo Pearl hotel. Mr Wichit will share his extensive experience on Phuket’s journey to become a leading global resort destination, and provide background on how he has strategically repositioned his flagship hotel in Nai Yang to cater…
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