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 Working in Thailand: How expat health insurance protects your career and lifestyle
Starting a career in Thailand can be an exciting chapter, but it also brings unique challenges, especially when it comes to health and wellness. For expats, navigating Thailand’s healthcare system and meeting work permit requirements can be difficult. And while...
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Banyan Tree, Angsana Laguna Phuket announces new director of marketing and communications
PHUKET: Nampetch ‘Nikki’ Tipaxsorn has taken up the position of director of marketing and communications for Banyan Tree and Angsana Laguna Phuket. In her new role, Ms Nampetch will manage all marketing and public relations activities, including marketing strategies to generate revenue and brand awareness for both properties. Ms Nampetch has more than 15 years of experience in both sales…
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Organic Corn Farm promotes agritourism on Phuket
PHUKET: Though agricultural tourism hasn’t really developed enough to make it a serious market segment on the island, that hasn’t stopped the government push for exploring yet another avenue for revenue. In 2014, then Phuket Governor Maitri Inthusut threw his weight behind elephants, goats and pineapples in hopes of seeing growth in Phuket agritourism and its One Tambon One Province…
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Business Buzz: Target your customer, not your competitor
PHUKET: We see it all the time in marketing, company X trying to prove they are better than company Y, engaging in tit-for-tat marketing and social media battles trying to out-compete the competition. Now, while there is the theory that any publicity is still beneficial, I would argue it is far better to engage your potential customers directly and build…
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Finance: Neil Woodford, financial genius?
PHUKET: I know this has been written about in other media already, but as this fund and its manager have a great track record and I believe we are nearing a sale in stocks, it is a good discussion to review. For those of you who don’t know the fund or manager, Neil Woodford ran the Invesco Perpetual Income Fund…
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Business Buzz: Quick tips to increase results
PHUKET: One of the biggest issues businesses have with online marketing is attracting eyeballs to their content. It doesn’t matter how good your website or social media content is if no one sees it. So the secret to getting much better results is to get your content seen. Here are five quick tips on how to increase your results with…
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Finance: Stocking up on stocks
PHUKET: Market corrections like the one that started last August are never times to completely abandon the stock market. Instead, they are great opportunities to buy quality stocks with strong fundamentals and technical charts, that should emerge higher once the correction is over. For that reason, you should consider adding the following stocks to your market correction shopping list because…
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CFA dips into feline health care sector
PHUKET: The team behind the Chaofa Andaman (CFA) Pet Hospital has stepped forward to corner the feline segment of the pet healthcare market by opening Thailand’s first-ever cat-specific hospital next to their existing business on Chaofa East Road in Chalong. Open since July 2010, CFA Pet Hospital grew increasingly aware that cats were more stressed than other animals while visiting…
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Business Buzz: Facebook goes beyond “likes’ to “Reactions’
PHUKET: After many people asking for it, and rumors abounding as to how it will work, it is finally here: Facebook has announced a trial in Ireland and Spain for a new series of emoji called ‘Reactions”. Users now have the choice to rate posts with ‘like’, ‘love’, ‘haha’, ‘yay’, ‘wow’, ‘sad’ or ‘angry’, quite similar to the emoji responses…
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Laguna Tri-Fest draws Chinese numbers
PHUKET: Rising Chinese numbers at the Challenge Laguna Phuket Tri-Fest bodes well for years ahead, as the classic Phuket event looks to generate more than 90 million baht this year. “In the past two years, we’ve seen more than 50 per cent growth [in the number] of athletes from China, both at the Laguna Phuket International Marathon in June and…
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Business Buzz: Test to see if social media will work for your business
PHUKET: One of the most common objections people have about using social media is that, while they understand it works for other people, they think their business is different and it will not work for them. So I have put together a quick test to see if social media would benefit you: Do you have a website?Do you need more…
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Investment strategies for large sums of cash
PHUKET: Consider the following investing dilemma: You have recently received a large sum of money (from a pension payout, inheritance, the sale of property or a business) and you want to put this money to work for you. However, interest rates and returns on what are considered to be the safest investments (for example US and European bank deposits and…
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Sound advice on retiring rich and young
PHUKET: This last weekend I had the pleasure of attending a seminar from one of my business partners whom most Thai readers would be familiar with. They may not know, however, the extent of the business success that Paul Pattrapon has had outside of the limelight of being a Thai superstar. On top of singing, modeling, acting in soaps, hosting…
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Finance: Dodge a crash with right investment
PHUKET: For those of you who have been reading my columns for some time now, you probably know that I am not the biggest fan of the stock market at the moment. You may think I am an idiot because I have spent years waiting patiently for the next crash while the markets continue to march on to new highs.…
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Business Buzz: Value in organic search results
PHUKET: While I believe that because of Social Media (Optimization), Search Engine Optimization (SEO) itself is becoming less relevant, there is no doubt it is still important to get organic search results, especially with Google and YouTube, by far the leading search engines. Although the algorithm for ranking is constantly changed by Google, it is possible to analyze trends and…
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Finance: Focus on China when investing
PHUKET: China’s stock market is imploding and that’s not only shaking confidence in the country, it’s also impacting global financial markets. However, investors need to keep in mind that over the past 15 years, the Chinese stock market has actually experienced both sharp rises and steep falls, with the last crash occurring in 2007. The market then largely moved sideways…
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Business Buzz: Don’t forget the database
PHUKET: Almost every business these days has at least some form of website and social media presence. What still amazes me, though, is how few are creating a database – which is actually their biggest asset. Simple Marketing 101 suggests you need potential customers to make a sale. And the easiest way to get potential customers is to create a…
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Charter rejection boosts economy
PHUKET: The rejection of the draft charter by the National Reform Council with a vote of 135-105 last week, along with measures to spur the economy worth a combined 136 billion baht, should overall have a positive affect on consumption, investment, and tourism, while also boosting internal economic activity, said Dr Anusorn Tamajai, dean of Rangsit University’s Faculty of Economics.…
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Making life easier with HeadsUp
PHUKET: A young Phuket man is giving the world a ‘HeadsUp’ with a new application he helped to create, which is aimed at simplifying everyday life. Robert Conner, who is a former British International School of Phuket student, helped develop an app called ‘Hey! HeadsUp’ with his college friends Abhijay Bhatnagar and Arjun Bhatnagar. The app allows you to schedule…
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Business Buzz: Facebook hits billion in one day
PHUKET: If there was ever any doubt about the popularity and growing success of Facebook, on August 24 they answered their critics in the best possible way. It was the first time that a reported one billion users logged into their Facebook account on the same day. To put it into perspective, that was not a billion users in a…
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Finance: Yuan’s potential impact on stocks
PHUKET: China has fired a barrage in the ongoing global currency wars with its first devaluation in two decades in hopes of propping up its export-driven economy and reducing its politically dangerous loss of manufacturing jobs. Despite the dramatic headlines, what’s looking like a mere two per cent devaluation is unlikely to trigger a bear market in the global stock…
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Charter rejection, stimulus package to boost economy
PHUKET: The rejection of the draft charter by the National Reform Council with a vote of 135-105 last Sunday, along with measures to spur the economy worth a combined 136 billion baht, should overall have a positive effect on consumption, investment, and tourism, while also boosting internal economic activity, says Dr Anusorn Tamajai, dean of Rangsit University’s Faculty of Economics.…
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Business Buzz: Five tips for content creation for your business
PHUKET: The first priority in marketing through social media is to decide what you want to achieve. Is it for people to find out about a new service; to get them to visit your Facebook page; to educate them on something unknown; to be funny; or to shock with facts; or just to create brand awareness? Also think about where…
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Phuket’s infamous inflation linked to economic growth
PHUKET: Phuket inflation grew at a rate of 4.1 per cent in 2014, according to data released in C9 Hotelwork’s new Economic Overview of the island. What is clearly demonstrated in the numbers is how important tourism is as a driver of the economy. Using Gross Provincial Product (GPP) as the lead indicator, tourism directly accounts for 35.6 per cent…
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Finance: Cut to chase: advice or pitch
PHUKET: How do you know if the financial advice you are receiving is solid, or if it is a sales pitch in disguise? The first line of due diligence you should always employ is to check the educational background of the advisor. Ask where they did their financial studies and then verify with the institution that they do have the…
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Finance: Greece’s economy not too big to fail
PHUKET: As the Greek crisis continues to rattle financial markets and the euro, investors need to understand that Greece being in default is actually business as usual for the country when you look more closely at its history: Greece’s first default occurred during the fourth century BC when around a dozen Greek city-states borrowed from the Temple of Delos at…
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Bill to slash cheap package tours, arrival numbers to be unaffected
PHUKET: The plan by Cabinet to put an end to cheap tour group packages arriving in Thailand will not have a significant affect on the industry in Phuket, says Santi Pawai, Director of the Phuket office of the Ministry of Tourism and Sport (MOTS). “I’ve heard about the draft bill, but have yet to receive any official notification. I believe…
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Finance: Cash in on six forms of passive income
PHUKET: I have written before about the ideal financial situation. This exists when you have multiple streams of passive income which exceed your desired lifestyle. In this scenario, you can live as long as you want and your means will continue to grow, allowing you to contribute to society with the excess. There are different forms of passive income, and…
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Business Buzz: Consistency is the key
PHUKET: One of the most frequent comments I receive from unsuccessful people is that they believe social media does not work and is all hype and myth. It is interesting that so many say this, especially when successful users swear that without social media their business would be dead. So to help the doubters, here are points that have probably…
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Business Buzz: Better profits via social media
PHUKET: When trying to increase profitability it is best to ascertain a company’s sales funnel, break it down into a process map and then analyze each of the sales procedures to see where the good and bad results are, as this will help in working out the changes needed to increase revenue in each area. Even a small tweak improving…
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Finance: Time to reinvest in bank stocks, ETFs
PHUKET: Bond yield curves have grown steeper and this means it is a good time to take a closer look at investing in bank stocks or bank ETFs, but risk-adverse investors will still need to be selective when choosing what to invest in. STEEPER CURVES ARE GOOD FOR BANKS To begin with some investing basics, short-term interest rates are set…
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