Business News
Thailand business news, market trends, foreign investment, and economic updates—stay informed on stock market movements, entrepreneurship, and key developments shaping the economy. Get the latest from The Thaiger, your trusted source for business news in Thailand.
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Sponsored 12Go introduces Japan Rail Passes to enhance travel accessibility for international travellers
For those who have travelled throughout Thailand, 12Go is a well-known provider of various trips, though the platform itself has a much wider reach. Ranging from buses to planes, 12Go is undoubtedly a leading booking platform for travel throughout the...
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Business Buzz: Keeping up with tech trends
PHUKET: If you’ve been following this column regularly, then you will be aware of the statistics on the soaring increases in use of the Internet and Social Media in recent years. Coupled with this is the substantial increase in the use of smart phones. Many platforms such as YouTube and Facebook have now specifically set up self-filling forms to assist…
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Finance: A formula for prosperity
PHUKET: There is a fantastic equation that can be used in almost any decision you make in life. I learned this from the supplement company that I work with but it also applies to financial planning, life planning, and many other areas in life. The equation is simply X=Y. In the equation we can substitute any action for X so…
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Biz Chat: The four Ps of marketing
PHUKET: The dictionary definition of marketing is ‘the action or business of promoting and selling products or services, including market research and advertising’. Through the next series of articles, we will discuss the concept of ‘marketing mix’ and the ‘4 Ps’, particularly as they apply to small businesses. These are product, price, place and promotion. Any freshman marketing student will…
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Analyzing the luxury car industry in Phuket
PHUKET: Behind the closed doors of the glitz and glamor of the luxury car business in Phuket, are a host of complicated market forces at play. Let’s take a closer look at the factors that come together in the day-to-day running of this business. Millennium Auto, located on the Bypass Road, sells some of the most renowned luxury brands in…
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Implications of Phuket’s aging population
PHUKET: Financial constraints and dramatic changes in employment numbers are expected to hit Phuket over the next 15 years, as an increasing percentage of the province’s population grows old. The Phuket Statistical Office estimates about 34,000 out of the 379,000 registered residents across the province are aged 60 years or older. That’s 9.2 per cent of the island’s population, and…
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Finance: Anyone can play the market
PHUKET: You don’t need a brokerage account or a financial adviser to get involved in the market. Exchange Traded Funds (ETFs) are index funds that can be accessed through a low-cost online platform and give an almost identical return as those of the underlying market they represent. However, you can still lose a fortune very quickly if you don’t know…
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Tai Ping comes to town
PHUKET: Bangkok based fabric designer and manufacturer Thailand Carpet Manufacturing Plc opened its first satellite store in Phuket on June 25 to cater to growing demand in the province for high-quality custom- design flooring. Targeting Phuket’s hospitality industry, the company, under the brand name Tai Ping, expects to earn about 20 million baht in revenue in their first year. Located…
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Finance: Keep calm and let’s talk Brexit
PHUKET: The results of the Brexit vote have shocked markets almost as much as it has shocked the global and Brussels’ elites, with plenty of talk of impending doom and gloom for the UK and the markets. For example, the Morgan Stanley strategy team was quick to proclaim they expect European stocks to fall 15 to 20 per cent from…
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A closer look at the luxury car market
PHUKET: The exponential increase in the number of cars – particularly high-end ones – in Phuket in the last decade alone, warrants a closer look at some of the factors that make this multi-billion-baht business tick. Millennium Auto, one of the newest luxury car outlets to open on the island, gave an exclusive account of the ins and outs of…
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Finance: Defining a financial adviser
PHUKET: If you haven’t yet seen it, there’s a great episode of John Oliver’s ‘Last Week Tonight’ that covers the financial services industry in America. While it is a different beast in Southeast Asia, there were many points he brought up that are very relevant to expats in the region. Go onto YouTube and search for it if you haven’t…
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Biz Chat: Tips for establishing a start-up (part 3)
PHUKET: When it comes to starting your own business, it’s easy to get lost in the details. However, there are a few necessary steps you can’t let fall between the cracks. These are the last three crucial steps (see part 1 here and part 2 here). As a business owner (or prospective owner), you have to obtain the appropriate licences…
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Business Buzz: The power of groups and forums
PHUKET: One of the biggest business benefits of social media is creating a database of your perfect customers. Just imagine it: people asking to join your customer list, at no cost to you. While most people know all about Facebook fan pages, the ‘groups’ option remains a lesser-known factor. People have also probably heard of forums, but again they are…
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Future of Brexit and British pensions
PHUKET: The possibility of the UK leaving the European Union is a subject of hot debate among the British. Most of the debate revolves around the implications for the future within the UK itself but not much is said of what kind of implications this could have on expats. For the most part, things will change very little either way…
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Key sectors to watch out for in the stock market
PHUKET: May to October is often a season of choppy sideways action. The old adage, ‘Sell in May and go away,’ already appears to be holding true as over the last three weeks, US markets and global markets have pulled back from overhead resistance levels on their technical charts. The Nasdaq index in particular is looking bad as tech, semiconductor…
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Krabi man grows cash crop in backyard
KRABI: The growing nationwide demand for jasmine has led one man to set up his own backyard cottage industry. Vichan Tongsanay, 40, who works as a deckhand at the Krabi Marine Office, said he earns around 300 baht per day by selling the flowering plant. “I’ve been growing jasmine in the heart of my village for 5-6 months,” Mr Vichan…
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The financial and legal steps involved in starting a small business
PHUKET: To pick up from where I left off last time, let’s discuss the financial and legal steps involved in starting a small business. Plan your financials: Whether you are putting in a couple of months’ salary, or your entire life savings, finances need to be properly laid out. Many of us make the mistake of putting in too much…
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Finance: Service your clients the right way
PHUKET: I often run across clients of other firms who complain that they receive absolutely no service on their policies. I understand how they feel, but having been in the industry a long time, I also understand why. It is simply a misalignment of interests and is inherent in the way many of the insurance companies allow the introducing and…
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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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Finance: Take financial opinions with a pinch of salt
PHUKET: It’s very easy to get confused in the era of 24-hour media with regards to what’s going on in the world economy. To make matters worse financial opinions are often reported as facts. Many times there are hidden agendas behind these, so it’s important to take any opinions with a grain of salt. The idea for this article came…
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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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Finance: The right time to get back into the stock market
PHUKET: While all of my long term clients (and myself) have been in cash for some time, there will be a time to get back into the stock market, but when will that be? To recap recent market action: major United States and global indices have already moved higher off their panic February lows, led by retail, gold, materials and…
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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: How to meet the right people for success
PHUKET: They say you can determine a man’s income simply by taking the average of the four or five people with whom he spends the most time. I am not sure how scientific the study was that has produced this timeless piece of advice, but the general concept is easy to validate if you look closely at the people you…
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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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