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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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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AP Superyachts berths new office in Patong
PHUKET: Luxury boating firm Asia Pacific Superyachts (APS) Phuket is growing, reports General Manager Gordon Fernandes. “We’re pleased to announce our headquarters have moved to a brand-new, purpose-built office in preparation for the exciting times ahead as more yachts discover the amazing cruising available in Southeast Asia,” he says. While the new offices offer increased facilities and staff to service…
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Phuket Finance: One rotten apple can spoil the whole barrel
PHUKET: As of the middle of June, the portfolios of many active managers of both mutual funds and hedge funds alike were badly under-performing the benchmark Standard & Poor’s 500 index. In fact, and despite a bull market that had seen the S&P index climb about 16% since the start of the year, over two-thirds of active managers were missing…
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Phuket Property Watch: Big bang of luxury
PHUKET: Welcome to rainy season in Phuket. It’s Friday morning as I ponder the sound of rain pelting down on the roof and it feels almost as if I’m in Syria taking incoming fire. My life is that of a minimalist. Give me a black t-shirt, shorts and a well worn pair of Sanuks. No watch, no jewelry, just an…
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Phuket still on the map at TTM+ 2013
PHUKET: The island is still a top tourist hub in Southeast Asia, with a wide variety of hotels, resorts and hospitality-related businesses representing Phuket at 13th annual Thailand Travel Mart Plus 2013 (TTM+ 2013), held at the IMPACT Exhibition Hall in Bangkok recently. More than 800 delegates arrived from around the region to network with the 420 hospitality related organizations…
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PHUKET FINANCE: Don’t let a ‘wall of worry’ cut you off from a bull market
PHUKET: Although the economic numbers coming out of the United States are not exactly impressive, the S&P 500 has been hitting all time highs and at the end of April, was up some 14.5% since the start of the year, while gold, the ultimate investment of market contrarians, plunged the most in 33 years. In other words, the US stock…
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Phuket International Boat Show 2014 sponsorship opportunities
PHUKET: A number of commercial sponsorship and partnership packages are now available for the next Phuket International Boat Show (PIMEX), which will celebrate its eleventh anniversary next January. Sponsorship experts, Paul Poole (South East Asia) Co Ltd, will represent PIMEX 2014 in its drive to attract new sponsors and partners, offering several package tiers (click here for site). Andy Dowden…
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SPECIAL REPORT: Recycling 101 – reducing a piling burden
PHUKET: By some estimates, as much as 20 per cent of the island’s rubbish gets recycled. But this number could be higher if more consumers were made aware of a few things.The island is home to dozens of small and medium scale scrap yard operations and recycling depots that make a living, if not a decent business, by buying back…
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Expose your biz through FC sponsorship
PHUKET: Sponsorship experts Paul Poole (South East Asia) Co Ltd will represent the island’s pro soccer team, Phuket FC, in the club’s drive to find new sponsors for the second half of the 2013 season and beyond. The team is offering three tiers of sponsorship packages as follows: The first tier comprises a Main Shirt Sponsor, which will give the…
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COMMON CENTS: AEC will bring opportunities, threats to Thai, ASEAN citizens
PHUKET: THE ASEAN Economic Community (AEC) to be established in 2015 creates a huge potential for the streamlined flow of labor, goods and services, and investment capital. However, along with this opportunity there are also potential threats which Thailand has to be aware of and address. It is my concern that Thailand is not doing enough to prepare and confront…
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Phuket Finance: Golden rules for investing
PHUKET: Being a successful investor over the long-term is not going to be easy, but if you have been a bad investor in the past, who has lost money investing, chances are it is because you didn’t follow these simple, yet essential rules.Educate yourself about investing Walk into any bookstore and you will likely see several shelves of books covering…
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Navy shore-leave to inject 1 million dollars into economy
PHUKET: The island’s economy – especially at the party town of Patong – will be getting an early low-season boost thanks to this week’s visit by the American Navy supercarrier, USS Nimitz along with its armed missile-cruiser escort, the USS Princeton, which both moored off Phuket early this morning. Topping off a week-long journey through the South China Sea, and…
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Phuket Business: Cashing in on Russian relations – Part II
PHUKET: Mr Phisak Nivataphand, the president of the Thai-Russian Chamber of Commerce and advisor for the Russian Studies Center of Chulalongkorn University, was in Phuket recently to give a speech as part of a seminar aimed at promoting Thai-Russian business relations . Organized by Thai-Russian media firm, Expert Media Co Ltd, the seminar was held at the Royal Phuket Marina.…
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Phuket Finance: Currency crisis warning signs
PHUKET: THE strength of the Thai Baht is a major topic of conversation these days, especially since so many Phuket residents are living on a fixed income, denominated and paid in a foreign currency from abroad. We have all been feeling the same pain as the combination of the strong baht and domestic inflation has led to our hard-earned money…
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Cashing in on Thai and Russian relations
PHUKET: Phisak Nivataphand, the president of the Thai-Russian Chamber of Commerce and advisor for the Russian Studies Center of Chulalongkorn University, was recently in Phuket to give a speech to promote Thai-Russian business relations. Organized by Thai-Russian media firm Expert Media Co Ltd, the seminar was held on May 10 at the Royal Phuket Marina. Mr Phisak opened his speech…
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Phuket Finance: Gold plunges to 33 year low
PHUKET: The past month has not been kind to anyone who has bought gold recently. With a nearly 9% loss since its January peak, and nearly 14% from last September’s, the precious metal has been anything but. Last week it had its largest one-day percentage decline since February 28, 1983. For the past 20 months, the price of gold has…
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A perfect place for shore leave
PHUKET: Sailing smoothly through its second year of operations, the Krabi River Marina (KRM) recently added a second restaurant to its portfolio – a small yet significant indicator of the continuous growth in Phang Nga Bay’s marine leisure industry. One of the main selling points of the newly opened Terrace pub and restaurant, KRM’s second eatery after the Marina Villa,…
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Phuket Finance: Dumping your UK domicile
PHUKET: Many British expats are unaware that as long as they remain UK domiciled, their estates will be subject to inheritance tax. Even if you have been living outside of the country for 40 years, it doesn’t mean you automatically have lost your UK domicile. In fact it is a little tricky to shed and this means your estate could…
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Capturing Phuket through Google Glass
PHUKET: By the time the Christmas holidays roll around this year, I’ll have one of the first sets of Google Glass in Thailand. Imagine being able to walk our beautiful beaches here in Phuket and capture the sights, sounds and experiences hands-free. That’s what Google Glass will allow me to do and most people here won’t even realize that my…
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A glass of wheatgrass if you please
PHUKET: Vitality, curative, nutrient-rich, detoxifying, energy – these are some of the most common connotations associated with the plant, Triticum aestivum, more commonly known as ‘wheatgrass’. Another increasingly common association is cancer prevention. “That’s what I like about it. Maybe it’s to do with my age,” says 68 year-old Frank Gunn, an American expat who has lived in Phuket for…
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B26mn bid for lucky plates
PHUKET: A little more than 26 million baht (26,013,000) was earned at the 8th annual “Lucky License Plate Action” held recently at the Phuket Merlin Hotel in Phuket Town. This was five million baht short of the initial expectation of 31 million baht, and four million baht less than last year’s auction which raised 30 million baht. This year, a…
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Phuket to adopt new “4 Ms’ plan to boost tourism
PHUKET: The Thailand Convention and Exhibition Bureau (TCEB) has revived its efforts and moved its attention once again to help promote Phuket as a regional hub for corporate and organizational tourism. A new four-year destination promotion strategy was presented to local, regional and national officials at a seminar on April 26 at the Metropole Hotel in Phuket Town. Entitled “Developing…
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Phuket Business: Small appliances see big growth in SE Asia
PHUKET: The Small Domestic Appliances (SDA) markets in Singapore, Malaysia, Indonesia, Vietnam and Thailand grew by nearly 6% in value over a recent 12-month period, when compared to the same period the previous year. SDA sales in the five markets, tracked from February 2012 to March 2013, had a combined value of more than US$804 million. The survey by GfK,…
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Phuket Investor: The last time the markets were here
PHUKET: I recently read a report that had a comparative list of statistics from the last time the stock markets were up at these levels, which was just before the crash at the start of the financial crisis. Early this march, the DOW reached a previous high level of 14164.5 and then surpassed that level. I thought it might be…
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Phuket Business: Replicating your life savings
PHUKET: The new hot sector for technology investors is in the rapidly growing 3D printer business. 3D printing is the process of making a three-dimensional solid object of virtually any shape from a digital model. 3D printers use a 3D CAD (Computer Aided Design) file to create objects using a sequential layering process. This technology is used in jewelry; footwear;…
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Phuket Business: US tax regime – Comply or else…
PHUKET: At a US tax seminar held last month at the Holiday Inn, Patong, by the American Chamber of Commerce (AMCHAM) Phuket Chapter, American income earners and business operators were given a comprehensive update about the US tax regime’s reporting requirements and regulations. Two previous articles about the seminar – published in the Business section of the Phuket Gazette on…
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Phuket MICE city promotion strategy revived
PHUKET: The Thailand Convention and Exhibition Bureau (TCEB) has revived its efforts and moved its attention to once again help promote Phuket as a regional hub for corporate and organizational tourism. A new four-year strategy was presented to local, regional and national officials at a seminar on April 26 at the Metropole Hotel in Phuket Town. Entitled “Developing Phuket as…
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Phuket’s Autoexpress remains in driving seat
PHUKET: Demand on the island for imported luxury cars does not look like it will subside any time soon. Saksri Kerdphol, GM of Autoexpress, Phuket’s premier foreign automobile dealership and service provider, gives a brief update about local market trends. This is followed by some customer testimonials. Phuket Gazette: What is the current state of the auto luxury import market…
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Singaporean investor sniffs out tuna ops in Phuket
PHUKET: An investor from Singapore has expressed interest in expanding Phuket’s Tuna industry through the establishment of a new commercial longline fishing partnership with local operators. Phuket Governor Maitri Inthusut, along with Vice Governor Somkiet Sangkaosut-tirak, last week welcomed the Singapore-based businessman, Yong Juang, who came to the island to discuss investment guidelines, regulations and laws. Mr Yong Juang is…
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Phuket Business: The not-so-hidden cost of inflation
PHUKET: If you are an expatriate living in Thailand or considering relocating here, high inflation might be a distant memory from as far back as the late 1970s. However, Thailand has much higher rates of inflation than is seen in most developed countries, and you will need to consider that when you invest and prepare a budget for your Thai…
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Laguna Phuket to host record-breaking Nu Skin incentives meeting
PHUKET: Laguna Phuket is playing a major role in a record-breaking annual incentive program being staged over six days, from Sunday April 21, for 4,000 delegates and staff of anti-aging products company NU SKIN Greater China. The delegation is expected to generate a business boom for Phuket and Thailand.NU SKIN delegates from seven cities in mainland China, as well as…
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