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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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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Finance: Demystifying the ever-ending UK pension reforms
PHUKET: Since radical UK pension reforms were announced last year, the changes just keep on coming. For those retiring in Phuket with pension rights that they have accumulated over the course of their career, the situation can be very confusing. Indeed, even for a professional in the industry, keeping pace and getting your head around what all the changes means…
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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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Phuket Hotel Association to be key platform for hotel industry
PHUKET: The erroneous ‘No Summer Dream’ fliers, warning tourists and locals not to bring sun loungers to the beach, is the latest blow for authorities attempting to restore a semblance of order to the island’s tourism industry. One that has left hotel and resort owners, as well as their general managers, scrambling for a response and explanation to give to…
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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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Finance: If I could be 30 again
PHUKET: In my last column, I wrote about what advice I would give my 20-year-old self, if I could turn back the clock and do it all again. Today, I will focus on a much more recent time frame in my life and discuss what kind of advice I would give to someone who has just turned 30. What are…
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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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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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Strategies for survival: Responding to the Russian tourist crunch
PHUKET: There was much talk last year of the protests in Bangkok and the ensuing coup striking at the heart of Phuket’s tourism and hospitality industries, with many key tourism figures on the island fearing the worst. Yet, it turns out, that while the island has survived the political turmoil in the country’s capital relatively unscathed, it is events unfolding…
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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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Phuket’s Boat Lagoon rebrands, sets sail for lifestyle destination
PHUKET: Do you know why the iPod succeeded? After all, it’s just another MP3 player. Yet it’s so much more than that: a fashion accessory, an icon of a certain lifestyle, a symbol of fun and, of course, a music player. It looks beyond the obvious and expands the concept that leads to such a hit. Here in Phuket, it’s…
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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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New Editor-in-chief to guide Phuket Gazette multi-media development
PHUKET: The Phuket Gazette is pleased to announce the recent promotion of Isaac Stone Simonelli to the position of Editor-in-chief. Having spent his years at the Gazette in various roles, including PGTV news presenter, news editor and then Managing Editor (story here), Mr Simonelli is well versed in the major local, national and international issues that affect Phuket people most.…
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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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The global habit of printing more currency to alleviate debt pressure
PHUKET: Just as it seems that the United States’ money printing program is finally ending, other major players are taking steps to continue pumping money into the global economy. The prevailing theory for central bankers around the globe seems to include avoiding the less desirable part of the business cycle, which has been around throughout history, at all costs. What…
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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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