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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Business Buzz: Steal your Facebook
PHUKET: With the advent of social media and its meteoric rise in popularity, technology has grown at a rate much faster and in ways that the law has not been able to keep up with or envisage. Platforms such as Facebook, Twitter, YouTube, LinkedIn, Instagram and Pinterest now have billions of users. There are a couple of areas in particular…
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Finance: Ways expats lose money
PHUKET: Financial problems, or losses, are often the major reason expats are forced to return home or worst – end up stuck somewhere they no longer want to be. If you don’t want to end up in the same position as the many failed expats, keep in mind the following ways they lose money abroad. OFFSHORE INVESTMENT PRODUCTS Investing in…
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Visionary dentist bridges gap in Phuket dental market
PHUKET: Medical tourism and the hordes of foreign customers it brings to Thailand and Phuket’s shores is on a steady rise, with the Tourism Authority of Thailand reporting more than 2.5 million international patients travelling to the Kingdom for treatments in 2012 and predicting an increase of 13% per annum. One dental clinic conglomerate, Dental Corporation Co Ltd, started filling…
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Finance: Exchange rate rigmarole
PHUKET: An issue most Phuket expats deal with in one form or another is exposure to some risk of fluctuations in currency exchange rates. Many earn money outside of the country and then need to convert that to baht for spending purposes. Offshore oil workers are a good example of this, and how best to deal with this situation can…
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Finance: Cashing in on retirement
PHUKET: Generating an income in retirement beyond any pension or government-sponsored retirement plan has become much harder in today’s low-interest-rate environment. The income from defined pensions and even retirement benefits from government-sponsored plans are no longer a sure thing. However, there are strategies that help to maximize income during retirement: Dividend-paying stocks or exchange-traded funds (ETFs) Dividend paying stocks are…
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Golfers flock to Laguna
PHUKET: The newly re-designed Laguna Phuket Golf Club is winning the hearts of golfers with the island’s very first offer of shorter, five or 10-year memberships, Paul Wilson, the club’s director, told the Phuket Gazette. This new product sits between a lifetime membership and the one-year access card that most clubs, including Laguna, offer. The new memberships target several key…
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Business Buzz: Cashing in on Google’s greed
PHUKET: When asked what Google is, most people answer ‘where to find things’, while the more technically minded reply ‘a search engine’. Google’s own mission statement is to organize the world’s information and make it universally accessible and useful. What many people do not realize is the true dominance that Google already has in the online world. Put simply, Google…
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Neighborhood electric vehicle market thrives on luxury resort island
PHUKET: The numerous luxury resorts in Phuket has helped grow Southern Thailand’s golf cart and other neighborhood electric vehicle (NEV) market, which is now in a dead heat with the Central Region, Ekasit Kunanantakul, managing director of Global Electric Motorcars Asia Company, said in an exclusive interview with the Phuket Gazette. Global Electric Motorcars, now 12 years old, was among…
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Finance: Understanding capital
PHUKET: I often write and talk to my clients about what actually moves most major asset classes, as understanding this is essential to choosing wise, and poor, investments at given times during the longer-term cycles. Capital is always the culprit, and it determines the direction prices will move as it flows into and out of any asset class, such as…
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Phuket’s new tourism rule book: “Out with the beach, in with the shopping’
PHUKET: The island’s reputation for attracting luxury tourists with its azure seas, coral sand coves and boutique resorts is being transformed by recent demographic shifts which are seeing wealthy visitors to Phuket spending more time away from the beach in pursuit of retail therapy. Shopping is becoming the main activity for luxury travellers coming to Phuket from within the region.…
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Business Buzz: Twitter – Instant marketing, tweets of success
PHUKET: Twitter was created in 2006 by Jack Dorsey and Noah Glass as a method of using SMS to give status updates to all of your friends in your address book, but without the cost or time used sending individual messages. This has morphed into what is now a multi-billion dollar company with 232 million monthly users. What started out…
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Finance: Paying for education
PHUKET: By far the biggest potential financial-headache for a young expatriate family is paying for the cost of an expat child’s education. After all, even large multinationals are increasingly scoffing at hiring expatriates with children or offering pay packages that include paying the full costs of international school fees, which can easily top 325,000 baht to 650,000 baht or more…
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Phuket expats better buckle up – more changes for UK pension plans
PHUKET: THE UK government is continuing to shake things up for retirees and expatriate workers trying to make long-term plans for the post-work future with yet another shift of the goalposts, one of many in recent months. The most dramatic change announced in the new budget, to go into effect next year, is the reduction in lifetime allowance to one…
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BluAnda dodges mass markets, backs quality tours
PHUKET: For a premium tour company in Phuket, the goal is providing superior services and beating the crowds of a developing mass- tourism market by delivering private experiences at the region’s most well-known destinations. A newcomer to the Andaman island tour market, BluAnda walked onto the scene recognizing exactly that, and within three years has developed a strong client base…
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Business Buzz: Facebook – unlimited sales potential at our fingertips
PHUKET: Marketing 101: to make money you need customers, and to get customers you need a database to market to. The better quality the database, the better the results. But we will come back to that in a minute… These days everyone has heard of Facebook. Most people who are even mildly computer literate have a Facebook profile, no matter…
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Finance: Drop in oil prices can be a good thing
PHUKET: When it comes to investing, many make it more complicated than it actually is. What I try to do is use common sense and simplify the process. The two big factors driving global markets right now are central banks and the drop in oil prices. Banks have been pumping trillions of dollars into the global financial system ever since…
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Business Buzz: Social media for profit – passing fad or must-have tool?
PHUKET: No matter where we go, we are surrounded by social media and its influences. Tweet this, like that, share and like this; terms we were not familiar with all that long ago are now in common, daily use. So is this a passing fad or is this social media craze here to stay, and even more importantly, is this…
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Finance: Invest in your children
PHUKET: I read an article in the BBC recently that I thought was worth sharing with my readers. It was about an investment that actually costs no money, but could yield very large returns to your children in the future. The investment is in their imagination, and the study I read about had some counter-intuitive advice. It actually concluded that…
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Villa Market opens Boat Lagoon branch
PHUKET: The doors to Villa Market’s third branch on the island open on March 20 with the Grand Opening Ceremony in Boat Lagoon taking place on March 27. The grand opening, organized by Kanittha Prasopsirikul from ‘By Kanittha’, will be the highlight of the Boat Lagoon’s monthly Lighthouse Market, which offers a variety of vendors the opportunity to showcase their…
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Finance: Making realistic retirement assumptions
PHUKET: The first step when making a retirement plan is to have realistic assumptions about your retirement. Unfortunately, I have found that many of my clients, regardless of whether or not they are expatriates – still working or already retired – have at least one or more of the following unrealistic retirement assumptions: I will retire some place cheaper: Retiring…
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Luxury lifestyle makes Phuket heavy hitter in Asia yachting scene [video]
PHUKET: Phuket’s marine industry is tapping global growth in the lucrative superyacht segment thanks to the unique luxury lifestyle the island offers and a sharp rise in the number of such vessels coming to Asia. Thailand’s largest island is already well established on the regional and global sailing circuits. However, industry players say increased investment in specialist facilities could see…
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Generation hospitality
PHUKET: The hospitality industry in Thailand is struggling. Not because there aren’t enough guests, quite the opposite – the number of rooms on the island is multiplying to accommodate year-on-year increases in the number of tourist arrivals. The problem is the lack of skilled workers, explains Patteera Maneesri, Trisara Group director of human resources and a Trisara Academy director. “We…
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A very good year for stocks
PHUKET: Each year, I head back to the US to see my mother and meet with clients. It also allows me to see how things are going. I need to do this to see if there’s any truth to the headlines I read. You know the ones I’m talking about – stocks in a bubble, economic slowdown, unemployment and so…
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Experts question long-term tourism policy: Quality vs Quantity
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Experts question long-term tourism policy: Quality vs Quantity The Nation / Phuket Gazette PHUKET: Experts say the government needs to get serious on the long-term development of the tourism industry, and decide whether quality or quantity – that is, sheer numbers of tourists or how much…
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Finance: Three pillars of happiness for worry-free golden years
PHUKET: Much of my time is spent with clients figuring out exactly what they want for the future – key to their financial planning goals. Typically it ends with setting aside a certain amount of money each month over a period of time – investing it with a particular objective in mind, or getting clients savings that are sitting in…
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Travel agency suspected of breaching FBA with nominee
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Travel agency suspected of breaching FBA with nominee The Nation / Phuket Gazette PHUKET: A Bangkok travel firm is suspected of breaching the Foreign Business Act by having a Thai nominee to hold a majority share in the company, according to the Business Development Department. Pongpun…
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Chinese medical tourists flock to Phuket
PHUKET: For thousands of Chinese tourists who flock to Phuket each year, a visit to the island is more than just a chance to relax in the sun. It’s a chance to access medical procedures and treatments not available in their home country. Many countries around the globe have the same pressing healthcare issues: aging populations, increasing medical costs, collapsing…
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Finance: Learning to re-balance a portfolio
PHUKET: Portfolio re-balancing is one of the trickier aspects of investment management, as you will inevitably need to make some hard and counterintuitive decisions to ensure that your portfolio’s asset allocation continues to meet your investment goals and risk-tolerance level. But why, how and when should you re-balance your investment portfolio?WHY YOU NEED TO TAKE WINNERS AND LOSERS OFF THE…
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Video Report: Thousands crowd launch of Laguna Market
PHUKET: More than 4,000 people turned out for the launch of “Laguna Market on First” at Laguna Grove in Cherng Talay on Sunday. The four-hour market generated an estimated 1.2 million baht, as more than 200 local vendors plied their goods. “I am delighted to see that the market attracted both [people from] the local communities and tourists,” said Ravi…
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Financial outlook for the year ahead
PHUKET: Looking back at 2014, the Standard & Poor’s 500 (S&P 500) posted a solid year. The S&P +11.4%, Dow +7.5% and Russell 2000 +3.5%. The “buy the dip” mentality began to take hold as any small correction saw buyers step in and purchase equities. 2014 SUMMARY• Soaring Treasury bond prices• Collapse in global commodity prices (oil)• MH17 airline crash,…
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