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 Boost your business in Thailand: 5 powerful benefits of using BoostedByPeople
As a business owner in Thailand, you know how tough it is to stand out online. Ads get skipped, scrolled past, or flat-out ignored. People are more sceptical than ever about what they see on their feeds. And even when...
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Business Buzz: Building your database
PHUKET: This week, let me explain the biggest asset your social media marketing efforts will build for you: your database. A marketing database is an electronic list of all of your potential customers, with as much relevant information as you can gather about them. Normally, this is combined with a platform that can be used to communicate automatically on a…
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Finance: Bond investor survival guide
PHUKET: It’s inevitable that interest rates will eventually rise, but what do rising interest rates mean for investors and how can you prepare your portfolio? First of all, here is what you need to consider or be concerned about: INTEREST RATES AND BONDS When interest rates rise, prices of fixed rate bonds will fall (and vice versa) because no one…
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Business Buzz: Defining your perfect customer
PHUKET: One of the first things you should be focusing on in business is deciding what your niche is and who your perfect customers will be. Most people, in theory, will have done this as part of the initial planning and deciding what business to go into, but sometimes businesses change and go through significant metamorphosis over time, so it’s…
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Finance: Cycling the bull market
PHUKET: As the bull market in global stocks continues in the worst economic environment for a bull market within my lifetime, I find it reassuring to turn to those with some of the most impressive track records in the world of investing and trading. Have things changed this time? Is the new era of central bank money printing going to…
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Business Buzz: Re-make marketing plans
PHUKET: We all know that social media marketing is popular, but how can we best use it for our business to increase awareness, grow our customer base, make more sales and improve profitability? Targeting people using social media is easy if done correctly, but to be successful and get the best results, you need a blueprint to make sure everything…
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Thanyapura to boost ‘Sports Hub of Asia’ status with B300mn investment
PHUKET: Thanyapura Phuket is looking to invest an additional 300 million baht in an expansion plan that will further strengthen its status as the Sports Hub of Asia. To be scaled over five years, the investment will see the spectacular 23-hectare complex gain a 100-meter training pool, four tennis courts, a multi-room Wellness Center, an international school working toward becoming…
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Finance: Strong dollars for investors
PHUKET: One of the biggest and most unappreciated risks faced by global investors this year is the continued strength of the United States dollar holding back key investing asset classes. After all, a strong dollar tends to be a double-edged sword.BAD FOR LARGE CAP US STOCKS As foreign currencies weaken against the dollar, US stocks that are large cap multinational…
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Business Buzz: Successfully harness social media power
PHUKET: There is no doubting the power of social media marketing as a business tool. The question is, are you using it, and if so, are you doing so effectively? Social media can be very overwhelming as there are so many options it can be difficult to know where to start. It can also be a case of ‘you don’t…
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Chanintr Living launches month-long Phuket sale
PHUKET: Chanintr Living has launched a month-long sale at its classy imported furniture outlet in Phuket, providing islanders and visitors the chance to grab quality furniture at a knocked down price. Chanintr Living was established in 1994 and has several outlets in Bangkok and Singapore, as well as one multi-brand location in Phuket. The reputable dealer’s current sale, from May…
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Business Buzz: Get visual with Pinterest
PHUKET: This week I thought we would cover something that would be of benefit to many businesses in Phuket. We are very fortunate that we are surrounded by scenic beauty, which is one of the reasons Phuket has a thriving tourism industry, plus a lot of adventure and outdoor activities. And what better way to promote your business than to…
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Finance: Investment ideals for new oil and gas realities
PHUKET: Late last year, legendary oil and gas entrepreneur Thomas Boone Pickens said during a CNBC interview: “Energy is cheap in America. We still have the cheapest energy in the world…Take advantage of it, play the demand side.” Since then, Pickens has repeatedly stated in public appearances that he believes oil will rise to US$70 a barrel this year and…
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HK Express takes flight in Phuket market
PHUKET: Hong Kong’s low-fare airline has seen significant first-quarter growth as it continues its campaign to woo both the Thai and expat markets in Phuket. HK Express has carried close to 500,000 passengers in the first quarter of this year, which represents a 102 percent growth compared with the same period in 2014. The airline reports total passengers for March…
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Finance: Sometimes you can buy happiness
PHUKET: I recently read a study about buying experiences versus material things and their relative effects on happiness. Interestingly, studies show that money only increases happiness up to a certain point, and buying experiences can have a longer effect on happiness than buying material things, even though the ‘things’ will be around for a substantial amount of time. The reason…
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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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Business Buzz: Outsourcing – Imagine hiring an expert from 150 baht
PHUKET: I remember when I started in this industry just how much there was to learn and how many different things I needed to do to get started: build websites, get a domain, hosting, design a logo, create an exciting intro logo, set up social media accounts, start promoting – the list goes on and on! I understand the challenges…
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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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Business Buzz: Blogging me bonkers with business
PHUKET: A blog in its simplest form is a website that gets updated regularly. The only real difference to a ‘normal’ website is the frequency with which it is updated or changed. My preferred working blog is a combination of the traditional website with a blog or news page included, so that it covers the best of both worlds and…
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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: UK’s ever-shifting goalposts affecting Phuket expats, retirees
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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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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Anthony Lark takes the reins at Trisara
PHUKET: Widely respected hotelier Anthony Lark has been appointed managing director and general manager of Trisara, a high-end resort of 48 pool villas and 20 privately owned residences on Phuket’s west coast. In his new role, Mr Lark will continue to provide hospitality advisory services to the clients of the Montara Hospitality Group, which operates the resort, and will develop…
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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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