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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Southern blockades didn’t affect Phuket goods: DIT Chief
PHUKET: The island’s market for consumer goods and fresh produce has not been affected by the political turmoil in and around Bangkok, the head of the Department of Internal Trade (DIT) Phuket office has assured. “I’m not aware of any shortages on the island, so there should be no reason why goods in Phuket would be any more expensive than…
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UAE woos foreign direct investment
PHUKET: Under the directive of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, UAE Ministry of Economy recently announced that preparations for the 4th Annual Investment Meeting (AIM) scheduled from 8 to 10 April 2014 at the Dubai International Convention and Exhibition Center are in full swing.Delivering the speech…
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Phuket Finance: Sri Lanka could be the next frontier for investors
PHUKET: When most Westerners think of Sri Lanka, the island nation off the coast of South India that was once known as Ceylon, they probably think of tea (as the country has long been a major tea exporter), science fiction author Arthur C Clarke (who spent most of his adult life living there) or the now defeated Tamil Tiger guerillas…
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Phuket Finance: A time tested formula
PHUKET: A question I am often asked by clients, who do a bit of stock trading on their own portfolios, is how to determine the appropriate position size. Indeed, there have been studies that show that this aspect can be just as important as the actual security selection in the long run. The reason this is so important is that…
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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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Qatar Airways launches three day sale for Phuket international flights
PHUKET: From today until Wednesday, January 22, Qatar Airways is offering some irresistible deals on international flights this year, with round trip fares on offer for as low as 1,700 baht!For these three days only, as part of its “New Year, New Journey three day sale”, Qatar airlines is offering deals of up to 50% off economy class and 25%…
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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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Phuket Business: Go green, go electric
PHUKET: A new transportation option recently made its debut in Phuket. You don’t have to fill it up out of old whiskey bottles on the side of the road or break a sweat pedaling up the island’s steep hills. All you have to do is plug it in before you go to sleep at night.Electric bikes have undoubtedly been around…
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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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One more challenge for McCormack
PHUKET: From a race track to a company board room – seems like change of pace for a world class athlete. But Chris McCormack proves otherwise. The same passion that let him win over 200 triathlons is about to help him achieve his goals as the new Executive Chairman of Thanyapura.He is certainly not a newcomer to the world of…
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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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Phuket Business: FoodPanda to change eating habits
PHUKET: You didn’t buy this luxury villa to be forced to leave it every time you feel hungry. So if you’re tired of fast food and pizza – the most common delivery foods – there is a new solution for you. Online food delivery company, Foodpanda has just entered Phuket and plans to change islanders’ dining habits. The Phuket Gazette…
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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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Report: Global wealth has doubled since 2000
PHUKET: A decade of negative real returns on equities, as well as more recent bear markets and housing bubbles bursting, has understandably made commentators cautious, even when there is good economic news. Nevertheless, the 2013 Crédit Suisse Global Wealth Report published recently has concluded that in spite of all this, global wealth has more than doubled since 2000, reaching a…
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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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Kamala cable company offers optical, digital coverage
PHUKET: Good news for residents on the island’s north who want to keep up with the world’s top footballing action, but don’t fancy spending their late nights in some hole-in-the-wall leagues away from home: Owner of Kamala Digital Cable TV (KDTV), Niruj Sariya, recently announced new upgrades and plans to continually increase and improve cable TV services in the Kamala…
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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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