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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Phuket’s shining light in the shade business
PHUKET: Local Phuket startup Window Design and Awnings Co Ltd, which has rapidly made a name for itself since its founding in 2009, is now looking to expand beyond the Kingdom’s borders. People may have noticed the white curved fabrics spread out over the walkways at Boat Lagoon, but the majority of the company’s clients are four, five and six-star…
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Finance: Advice for my 20-year-old self
PHUKET: I know most people in their twenties are typically not interested in planning financially for their futures. Often, they are not very interested in planning for anything other than Friday night – I remember the days when I thought the same way. What advice would I give myself now if I could go back and make decisions based on…
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Lighthouse Market beacon of light for Boat Lagoon Marina Village
PHUKET: Aiming to appeal to a wider audience and expand its market reach, Phuket’s Boat Lagoon Marina is launching the Lighthouse Market. “We don’t want to focus on one target group or one nationality. This is a market for everyone who enjoys quality – both expats and local Thais,” explained Kanittha Prasopsirikul from By Kanittha, the company behind the new…
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Finance: Five bad investments to avoid
PHUKET: While there are good investments that can turn into bad investments along with bad investments that can eventually turn into good investments, there are some that are generally always bad for investors. With that in mind, the following investments are ones you should either avoid or limit your exposure to: 1) Your employer’s stock: Legendary fund manager Peter Lynch…
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Challenge of importing the food Phuket loves
PHUKET: What is the first thing most expats start to miss from their home country? Family? Maybe for some, but for most it’s food. Luckily, the days when all you could eat in Thailand was the local cuisine are gone. Today, buying a piece of Dutch cheese, a few slices of Italian ham or some French paté is as easy…
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Laguna Phuket wins “Best Tourists Destination in Asia’ award
PHUKET: Laguna Phuket was voted one of the “2014 Best Tourists Destination in Asia” at the 11th Annual Golden Pillow Awards, held in Hangzhu, China, under the award’s category for overseas destinations and hotels. Occupying some 600 acres (2.4 square kilometers) of tropical beachfront parkland on the the northwest coast of Phuket, Laguna Phuket wins its first ever Chinese award.…
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Finance: The perfect investment for retirees
PHUKET: The headlines for the past few weeks have not been pleasant. Stocks have been dropping, oil crashed and if that wasn’t bad enough we had the Ebola crisis. When news like this hits, some people want to run and hide, but I look at it as an opportunity to put money to work. I never invest 100% of my…
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NMG executives brief NRC panel on takeover risk
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community NMG executives brief NRC panel on takeover risk The Nation / Phuket Gazette PHUKET: Top executives of Nation Multimedia Group (NMG), which includes The Nation newspaper, met yesterday with the Media Reform Committee of the National Reform Council (NRC) to express concern over a possible hostile…
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Laguna Phuket cleans up in dirty laundry trade
PHUKET: Part of the pleasure of holidaying in a good hotel is that you don’t have to do your own laundry. Yetsomeone has to do it for you and for all the other guests. Can you just imagine what a gigantic pile of dirty clothes all the resorts in Phuket generate? But where some see nothing but a lot of…
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Finance: Oil volatility good for asset class
PHUKET: I used to write about the trend-following sector. Many of the funds I still use went decades with the steadiest performance in the investment industry, while still giving investors above-average returns. Sadly, in the period of low interest rates and volatility following the financial crisis, the entire asset class has struggled. The steady year-after-year forward progress seemed to turn…
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In Phuket aviation business, the sky is not the limit
PHUKET: Do what you love and make money doing it – how’s that for a business plan? That is exactly what Sky Club Asia co-owners Mark Silverberg and Paul Derstoff did when they turned their passion into a prospering business. Did their leap of faith pay off? One of the things that Mark Silverberg brought with him when he moved…
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Phuket Finance: An expat’s guide to the inevitable
PHUKET: It’s natural to experience culture shock as an expat, but the real shock comes when expats consider just how complicated proper investment or financial planning becomes after they expatriate from their home countries. Here are some of the key areas expats will need to have a plan for and likely consult with knowledgeable experts about. EXCHANGE RATE AND REMITTANCE…
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Illuzion show and discotheque to transform Phuket’s nightlife
PHUKET: To help tour operators capitalize on the changing demographics of clients on Phuket’s famed Soi Bangla, which has piqued the curiosity of families and tour groups over the past few years, Patong Dine & Show brings the party street Southeast Asia’s first combined interactive Vegas-style show and discotheque – Illuzion. With a 4-million-baht sound system, a 70sqm LED screen…
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Phuket Finance: Russian ruble does the slide
PHUKET: I have been asked a lot recently about the dramatic moves in the Russian currency, the ruble. What effect will it have on tourism to Phuket? What effect will it have on the real estate market? The obvious thing that is certain is that if the Russian currency remains weak Phuket will be more expensive for Russians who are…
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Phuket Finance: Avoid offshore workers’ retirement-plan pitfalls
PHUKET: Thailand hosts a sizable population of offshore oil workers. They are unlike the majority of investment clients found here. Most clients are retired and their portfolios are being managed for income and capital preservation. However, offshore oil workers have the advantage of being able to live in Thailand and also bring in a very nice income. In 1993, I…
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Honda battles market slump with Phuket launch of HR-V
PHUKET: The Thai automobile market may have headed downhill by more than 30 per cent this year, but Honda is in gear to make up lost ground with the launch of its latest HR-V model. The company trimmed sales forecasts at the end of last year as the slump in Thailand’s market took hold and Honda’s deliveries plunged in the…
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Comprehensive worldwide survey examines the expat experience
PHUKET: Online expatriate networking site InterNations recently released its first Expat Insider report, which provides insight into the experience of those who choose to live, retire or work abroad. The report is an agglomeration of survey results from about 14,000 respondents representing 165 nationalities residing in 169 countries. The questionnaire focuses on the traits of a host country, including quality…
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Opinion: Thailand’s choice – standing at a crossroads over foreign investment
Mark Kent has been British ambassador to Thailand since August 2012. Prior to that he spent a year learning Thai at universities and language schools in Bangkok, Chiang Mai and Khon Kaen. He is also an alumnus of the King Prajadhiphok’s Institute course in Politics and Governance. Mark comes from Lincolnshire. He has a degree in Law from the University…
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What to do when interest rates rise
PHUKET: IT IS widely believed that history does indeed repeat itself. What was true in the past is most likely to be true today and in the future. Sure, the events and names of companies change, but general economic principles will apply. When it comes to investing, one of the most important things for investors to understand is long-term interest…
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Phuket finance: Staying the course
PHUKET: Retirees have really been given a raw deal by the global financial system ever since the big banks created the mess that led to the financial crisis in 2008. Since then, the banks have been bailed out and the economy has been on life support, at the expense of those trying to live on the fixed income they worked…
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Seedlings project offers opportunities to underprivileged Phuket youth
PHUKET: The Banyan Tree’s Seedlings program has finally sprouted in Phuket, with 15 underprivileged local youths receiving skills training to take into the workplace. The Banyan Tree launched the group-wide corporate social responsibility (CSR) initiative in 2007 as a way to “support enhanced long-term prosperity within communities”. “Creating a giving culture is more than just giving money, it’s about giving…
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Don’t buy shares of Alibaba… yet
PHUKET: Over the past several weeks, my phone has been ringing off the hook from clients wanting to get in on the Alibaba IPO. I told each of them the same thing: “wait”. There was a lot of hype leading up to the IPO, and it’s the same situation as when Facebook went public. Being patient and waiting are two…
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With a fascinating past, the future looks great for Phuket’s own coffee brand
PHUKET: It has been 56 years since Cheng Long opened his Hock Hoe Lee coffee store in Phuket Town – and according to Ruengrit “Oh” Petchvorakul, husband to Cheng Long’s granddaughter and today co-owner of the Hock Hoe Lee brand, the beginnings weren’t that difficult. “All you had to do was to sell good coffee. There wasn’t much competition and…
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Phuket’s marine tourism on AMCHAM agenda [video]
PHUKET: The American Chamber of Commerce (AMCHAM) in Thailand has organized a special forum event focusing on the future of Phuket’s marine tourism industry to be held on November 21. Phuket risks great harm to its reputation as an international tourist destination if a dolphin park is allowed to open here, explained dolphin-rights activist Ric O’Barry in an exclusive interview…
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Bill Gross’s resignation triggers concerns about the health of the market
PHUKET: Bill Gross, regarded by many as the most successful bond investor of modern times, has just made a huge move by leaving the company and fund that he came to represent personally, which raises questions as to the implications this may have for the broader bond market. The timing does not seem to be a coincidence. Why did he…
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Dance World gives island residents a place to move their feet
PHUKET: Since opening its doors in 1991, Simon Cabaret has established itself as a must-see show for tourists visiting Phuket. The show draws in visitors who have equal interest in witnessing the flamboyant show, as they have in seeing the deceptively convincing ladyboy dancers. In fact, the show’s website warns patrons that they will leave confused. The cabaret’s owners, however,…
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Etihad Airways appoints new Thailand GM
PHUKET: Etihad Airways, the national airline of the United Arab Emirates, has appointed Dimitrios Karagkioules as general manager for Thailand. Mr Karagkioules, who has more than 20 years of airline experience, takes up the Bangkok-based role after five years as Etihad Airways general manager in Athens, Greece. Before joining Etihad, Mr Karagkioules held a number of Athens-based sales and marketing…
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Bangkok Airways reveals four new direct flights
PHUKET: Bangkok Airways has launched a non-stop daily service linking Phuket and Chiang Mai as one of four new non-stop services for destinations in Thailand and Myanmar. Previously, passengers travelling between Phuket and Chiang Mai had to connect at Suvarnabhumi Airport in Bangkok. Served by an Airbus A320 aircraft with a seat capacity of 162, Flight PG247 departs Phuket at…
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Building and managing your portfolio
PHUKET: In prior articles, planning for and managing retirement was discussed. The key is getting to the end goal, which is to have a worry-free retirement. Once retirees have gone through the steps, all that’s left is to build and manage their portfolios. Portfolio management is perhaps the most critical aspect to any retirement. With the help of a trusted…
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Heavyweight bike brands gearing up for Phuket market
PHUKET: Despite a fall this year in Thailand’s overall sales of motorcycles and automotive parts, big-bike sales are continuing to thrive. In Phuket, a relatively new destination for bikes over 500cc, brands like Ducati and Triumph are pushing the companies’ marketing strategies to make their famed machines accessible to everyone. “Ducati’s market strategy is to move toward developing models that…
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