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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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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Board of Trade plans SME matchmaking fairs
BANGKOK: Thailand’s Board of Trade is inviting newly established businesses across the country to join a ‘Business Matching’ event in Bangkok. The event is aimed at giving SMEs the opportunity to meet consumer giants such as department stores and retailers. The event will take place at the Bangkok Convention Center in Lat Prao on April 26. Board of Trade Chairman…
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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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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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Finance: Ups and downs in the price of oil
PHUKET: For somebody who pays attention to commodity prices, these are extremely interesting times. I still remember many talking heads on television predicting that we’d never see oil below 100 dollars per barrel. The argument was extremely convincing, especially when the markets seemed to be confirming its truth. With the flood of shale oil and the lifting of embargoes on…
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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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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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Business Buzz: Maximize social media impact
PHUKET: When using social media, it is very important to establish exactly what it is that you want to achieve. It is also important to understand that each social media platform works differently and can achieve different things. Overall, there are a many purposes for which social media can be used, but the most common are branding, lead generation, information…
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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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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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Finance: Are we in for a rough ride this year?
PHUKET: The past few years have been difficult, or mixed at best, for many investors in the stock market, with 2015 largely ending in another flat line performance – leading to predictions for more of the same in 2016. However, most predictions about 2015 from the start of last year were bullish and turned out to be off the mark,…
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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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Finance: Keep calm, and invest on
PHUKET: Stock market corrections don’t come often, but when they do, they tend to come on fast and cause investors (along with the media) to panic. After all, it’s not uncommon to experience a double digit portfolio loss in a matter of weeks, or even over the course of just a few trading days. However, taking the following things into…
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Business Buzz: Targeting mobile users
PHUKET: As I reported last week, the increase in mobile smartphones has been steadily continuing. There is expectation that over 51 per cent of the online Christmas sales traffic in the United States will originate from smart-phones this year. So it is with confidence I predict that the focus for social media marketing strategies should be switched to mobile devices.…
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Quattro Design showroom to reach AEC market
PHUKET: The dynamic duo behind Quattro Design, one of Thailand’s top importers and designers of exclusive furniture, have high hopes for the New Year as they open a showroom at Phuket’s Boat Avenue in Cherngtalay early next month. “Now is the time for us to open the showroom in Phuket, as the Asian Economic Community takes effect next year, which…
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Finance: Never too old for insurance
PHUKET: If you read my articles regularly, you have probably noticed I don’t spend much time writing about health insurance. It is not the most exciting topic, and for many of Phuket’s aging expat population getting covered at all is not really an option once they reach a certain age. Also, the cost of local international hospitals used to be…
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Community at the core of success for Natthakanya ‘Apple’ Saengpho
PHUKET: It’s been a stellar year – and then some – for Natthakanya ‘Apple’ Saengpho, CEO of the Paradise Group. Andara Signature – the latest project from Andamandara Development, the company she runs with Dr Allan Zeman – won best Phuket villa development, best Thailand villa development, best residential architectural design and best landscape architectural design at the Thailand Property…
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Business Buzz: Social media year in review
PHUKET: This has been a big year for social media, so I thought it worthwhile to review some of the interesting facts and figures. Facebook, Twitter and LinkedIn in the United States were the leading platforms, and the amount of time, effort and money spent in social media marketing has risen rapidly. Social media are now well and truly established,…
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Finance: Market crash or merely correction?
PHUKET: The recent market volatility and media hype surrounding it may have you panicking that another stock market crash (or bear market) is coming. After all, there are serious geopolitical and economic concerns ranging from a migrant crisis in Europe, to Putin on the march in Eastern Europe and Syria, to concerns about the overall health of the Chinese economy…
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China base rakes in FIT market for Phuket
PHUKET: It is easy to get caught up with how the hospitality industry in Phuket should adjust to a shift in source markets toward a dependency on China. But what is forgotten is that it’s not just Phuket – it’s a worldwide phenomenon that requires the industry to adopt new marketing strategies and platforms. “Chinese outbound travel is a key…
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Finance: Reduce risks while playing market
PHUKET: I am asked all the time, by those who know I am patiently waiting for the next crash to re-enter equity markets, if there is some way they can participate now while reducing downside risk. If we are talking about funds that will need to be liquidated any time within the next five or ten years, I would say…
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Business Buzz: Marketing is Key
PHUKET: Thereare a couple of fundamental truths in business. Generally speaking, people are in business to make money, and to make money you need customers, because they are the people with the money. Yet many business owners focus on a variety of other activities that they believe to be more important than marketing. You may have the best product in…
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Finance: Is Priceline right for your portfolio?
PHUKET: Growth stocks can power your portfolio to new highs, with one such stock being the Priceline Group Inc (NASDAQ: PCLN), which can also double as your one-stop online destination to serve all of your travel needs. Priceline.com is the Priceline Group’s flagship hotel and airline travel site, with the company’s other brands including Agoda.com, Booking.com, Kayak.com, Rentalcars.com and OpenTable.com…
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Staying afloat in a niche market
PHUKET: Business that are called ‘labors of love’ are referred to this way because the profit margins, if any, don’t justify the investment. Nonetheless, these business – often small retailers – are the building blocks of unique communities. So is the case with Longtail Paddlesurf Co Ltd. Though the sport of standup paddleboarding (SUP) is still in its infancy in…
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Finance: Going back to basics
PHUKET: This is something I often write about but so often find ignored by what is done in practice. When it comes to planning your financial future, there are only a few basic principles that you really need to follow. As long as you stay within these guidelines, you can make the odd mistake and still easily recover. The first…
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Methods of developing sustainable growth
PHUKET: In six months, Thanyapura has doubled web traffic and engagement with our audience. But how did we do this? Is it possible for anyone to do so? These are all questions we were asking several months ago when we turned a corner in our marketing efforts and began to look at different strategies to make sure we saw growth,…
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