Connect with us


Phuket Business – Looking forward to 2012

Legacy Phuket Gazette



PHUKET: Walking into my local shopping center yesterday I was amazed to see Christmas decorations adorning the shops and general surroundings. A quick check of the date on my watch and I realized that although the trees, baubles and tinsel were a trifle early, it certainly was closer to the holidays than I had imagined! This gave me food for thought and with 2011 racing by at a rate of knots I have located my crystal ball and had a look ahead to 2012.

Firstly to say that 2011 has been a difficult year for the world economy and financial markets would be quite an understatement. With the well documented problems of Greece, Ireland and Portugal and perhaps the impending financial crisis within Spain, Italy and France times certainly have been turbulent. Asia however, has been a robust geographical investment area and the outlook moving forward remains positive.

So, looking forward to 2012?

We can pretty much expect Europe to remain volatile with Italian bond yields now reaching the dreaded 7% mark. Global analysts openly accept this as the level in which a potential default would be expected. Once we then add high unemployment and government cost cutting into the equation it means all roads point towards very tough times ahead.

Not everything is doom and gloom however, in Asia the story is very different, and as we bask on our Phuket beaches we can be quite assured that smoother times lay ahead than with our European counter parts.

The International Monetary Fund trimmed its economic growth forecasts for Asia on Thursday because of financial turbulence in Europe and a possible slowdown in the US However, a 6.3% growth forecast still shows that Asia is definitely the place to be. With prudent planning, it shows that investments still offer good value over the medium to longer term.

Things won’t all be plain sailing, so a totally smooth ride would be wishful thinking. As always we must consider the domino effect, what happens in one part of the world tends to affect the rest in one way or another.

As Asia (and in particular Thailand and Phuket) is a major tourism hot spot, the cost cutting being felt in Europe and the US will no doubt have implications on the revenue being brought into the country. On the plus side, we should still see a continuing flow of Australian tourists and hopefully many Europeans should feel that a holiday has been well earned this year.

What does all this mean if you have an existing portfolio?

Active management is crucial. Things will remain turbulent moving into 2012 and it is advisable to look at your existing holdings and think, does this still add value? No doubt if you are heavily invested in a geographical area such as Europe, then potentially things could be a little bit bumpy, and a focus on Asia and Latin America could be more prudent.

Professional help and advice is readily available and for savings such as pension funds and investments, be proactive to determine if these are actively managed or will exposure in areas such as Europe and the US have a major bearing on how your individual portfolio performs. To do nothing, could spell disaster.

Certain areas in Europe and the US still offer good value and should not be totally discounted whether this be in mutual funds or individual stocks. The choice is so great and vast that your head could get into a spin, so keeping things simple is a wise choice. Does any of this sound familiar? If so seek professional advice, help is on hand.

For now, I am off to go and pick my Christmas tree!

Anthony Lyman (CEFA) is a Senior Financial Consultant for Montpelier Group. Readers may contact him at

— Anthony Lyman


Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram


Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Transport3 hours ago

August flight plans: Bangkok Airways, Nok Air, Thai Lion

Coronavirus (Covid-19)4 hours ago

New site for foreigner vaccine; Mor Prom deletes appointments

Politics6 hours ago

Facebook fake news post suggesting a coup faces prosecution

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Koh Samui10 hours ago

UPDATED: Samui Covid-19: 14 new Black Club infections, 2nd small cluster

Thailand11 hours ago

40,000 cases a day could happen by September, says projection

Phuket11 hours ago

Phuket Sandbox Covid-19 infections: 35 today, 209 this week

Join the conversation on the Thaiger Talk forums today!
Thailand12 hours ago

Prayut says he will not resign, warns politicians to behave

Thailand13 hours ago

Bangkok Train market to possibly close for good

Coronavirus (Covid-19)13 hours ago

Border between Kanchanaburi and Myanmar closed until…

Thailand14 hours ago

Covid UPDATE: 18,912 infections, provincial totals

Coronavirus (Covid-19)14 hours ago

PCD says don’t throw away used masks in water bottles after infections linked to bottles

Thailand16 hours ago

Government says it’s okay to criticise them, if it’s fact based

Thailand17 hours ago

Bangkok volunteer group “Sai Mai Will Survive” overwhelmed with calls

Coronavirus (Covid-19)17 hours ago

Phuket reservations slow down for August

Thailand21 hours ago

Covid UPDATE Saturday: 18,912 infections, news briefs

Thailand5 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism5 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket5 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism5 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand5 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism5 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand6 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand6 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand6 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand7 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand7 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand7 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand7 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand7 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand7 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8