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 Top 10 reasons for expats to get a comprehensive health insurance in Thailand
Moving to Thailand offers plenty of excitement and adventure, but the local healthcare system can be complex to navigate as an expat. From unique health risks to high costs at private hospitals, having a comprehensive health insurance plan is essential....
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Finance: Where are the markets now?
PHUKET: On April 11, Alcoa Inc (NYSE:AA) started the first quarter earnings season by reporting a lower quarterly profit (US$16 million or zero cents per share versus US$195 million or 14 cents per share a year earlier) on lower revenue (down 15 per cent) as results were hurt by low commodity prices, the strong US dollar and plant closures. Alcoa’s…
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Business Buzz: Social media on the rise
PHUKET: I have been talking about the power of social media for over a year now, but there is no better way to showcase this power than to look at the US Presidential circus that is unfolding right before our eyes. As an avid follower of social media and how it is used both successfully and unsuccessfully, it is always…
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Biz Chat: Tips for establishing a start-up
PHUKET: The island is filled with business people who invest millions on large business prospects, but no one ever talks about the little guy. What if you have 100,000 baht and want to play around with it? Here’s a guide to investing in a small business, just to see if it works. Let’s take it step by step – the…
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Zurich Bread: Engineering the perfect loaf
An engineer by trade, Singhathep Thepkanjana only spent six months working full-time in the field he studied for seven years, leaving university with a bachelor’s from Chulalongkorn University and a master’s degree in engineering management in Washington DC. Since then, this Bangkokian has pursued the perfect loaf – an endeavour that has taken him across continents. “I can count on…
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Finance: Analyzing key market indices for tech stocks
PHUKET: As of the end of March, US stock markets hit some overhead resistance on their technical charts and pulled back a bit, with the rally that started in February looking similar on the technical charts to the rally of September, which ultimately rolled over. There is a strong possibility that the market (or at least the S&P 500) has…
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Phuket cashew nut industry goes global
PHUKET: Metee Company Phuket Ltd’s unique cashew-nut cooking process and new packaging is bringing the company international recognition and larger revenues. The Chalong-based company is just one of several local businesses that have changed the quality of their products and branding in order to compete in larger markets. The company has since been accredited by the Ministry of Commerce as…
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Finance: Impact of gap years on your finances
PHUKET: As the Phuket Gazette‘s managing editor is imminently departing on his possibly crazy adventure to wherever the dice will take him, I thought it might be a good time to discuss gap years and how they tie in to your long-term financial well-being. There are two main types of gap years. The first is either before, or immediately following…
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Video is the future of digital ads
PHUKET: Digital ad spend is projected to be 9.9 billion baht this year, up almost 25 per cent from last year as a direct result of advertisers shifting from traditional media like print and television to digital media and online marketing. This is believed to be partly because of the cheaper cost of digital advertising and partly because it’s much…
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Local fishermen dish out ‘fishy’ details
PHUKET: Anchovies may be small fry, but they are big business for some fishermen operating out of Phuket’s main fishing port. Known locally as ‘pla ching chang’, anchovies have been a steady source of income for the last 40 years for fishing boat owner Kumnueng Dumead. However, business is not always plain sailing, especially during the rainy season. “During the…
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Finance: What is a contrarian investor to do these days?
PHUKET: If you read my columns regularly, you know that I like to try to approach investing from a contrarian viewpoint. This basically means going against the crowd and the current trend, or essentially buying things when they are beaten and battered down and selling when everyone else loves them and thinks the run will last forever. So what does…
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Cold business for Songkran
PHUKET: Songkran can be a lucrative time of year for the island’s ice makers as sales rise with the summer heat. Many revellers load barrels onto pick-up trucks, filling them up with water and a big block of ice. In fact, Songkran ice sales are a good barometer for measuring the state of the tourism industry on the island, according…
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Finance: Understanding Counter Trend Rallies
PHUKET: In early March, US and global markets began a short-term counter trend rally that has seen these markets regain about 50 per cent of their prior decline. However, there are reasons you need to remain cautious by staying largely in cash. The stock market began to rally in 2009, hitting an all-time high last summer. Since then, the market…
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Business Buzz: Oversaturation of Facebook groups
PHUKET: One of the great benefits of Facebook is that due to the sheer number of people using it, it has become a marketer’s dream to easily and cheaply connect with potential customers and to market products and services with great results. But has it now reached the point of over-saturation? A classic case in point is the use of…
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Phuket International Academy Graduates to UWC Network
PHUKET: The Phuket International Academy confirmed last week its new affiliation with the global network of United World Colleges (UWC). “We are delighted to have become part of UWC; a leader in education in 15 different locations around the world. The UWC is a federation of independent international schools that use the same education model. This affiliation will also encourage…
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Finance: Investing in Oil – The Ultimate Risk
PHUKET: It may be tempting to call a bottom for oil prices and then go bottom fishing for oil stocks or Exchange Traded Funds (ETFs). Unfortunately, oil is one sector that most investors (especially those who aren’t working in the sector) will want to stay away from now and for the foreseeable future. Thanks to a combination of too much…
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The LifeCo: The business of healing
PHUKET: One doesn’t have to look far to find a spa in Phuket, but recent years have seen a marked shift in this trend, as new and established business are looking to cash in on wellness, as opposed to opulence and luxury. The LifeCo Phuket Well-Being Center based in Thalang is the first for the company outside of Turkey, and…
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Feadship’s Asian market blooming
PHUKET: Well ahead of the incredibly successful inaugural Thailand Yacht Show (TYS), Feadship Royal Dutch Shipbuilders were making superyacht waves while expanding into the the Asian region. “At this moment, Feadship is building multiple yachts in different sizes and in different models for Asian and Asia-based clients. The product and the brand appeals to the most discerning yachtsmen in the…
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Finance: Will 2016 be the year of the bear?
PHUKET: There’s an old saying on Wall Street that might unnerve investors: “As goes January, so goes the year.” Unfortunately, January 2016 was a very bad opening for stock markets. In fact, it was one of the worst openings in one hundred years, as the Dow Jones industrial average fell about 5.5 per cent while NASDAQ fell almost eight per…
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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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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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Finance: Understanding stop loss orders
PHUKET: With global stock markets off to a rough start this year, it’s time to take a closer look at stop loss orders and how they can help as well as hinder you from achieving your investment goals. So what exactly are stop loss orders? A stop loss, or simply a stop order, is an automatic trade placed in advance…
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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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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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Battling boat show inertia
PHUKET: In a region already swamped with boat shows, the development of a new show has not been an easy undertaking, admitted Andy Treadwell, managing director of 3L Events, organizers of the Thailand Yacht Show (TYS) 2016 as well as the Singapore Yacht Show. The biggest problem with launching such a show is convincing the industry that you know what…
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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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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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Finance: Rethinking the Big Mac Index for baht
PHUKET: The Big Mac Index has just been released for the year. The index was invented by The Economist as a lighthearted guide to whether currencies were currently undervalued or overvalued. Since I am always being asked my opinion on the baht, I thought this might be a good time to address the issue. The index is meant to be…
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