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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Luxury lifestyle makes Phuket heavy hitter in Asia yachting scene [video]
PHUKET: Phuket’s marine industry is tapping global growth in the lucrative superyacht segment thanks to the unique luxury lifestyle the island offers and a sharp rise in the number of such vessels coming to Asia. Thailand’s largest island is already well established on the regional and global sailing circuits. However, industry players say increased investment in specialist facilities could see…
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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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Finance: Three pillars of happiness for worry-free golden years
PHUKET: Much of my time is spent with clients figuring out exactly what they want for the future – key to their financial planning goals. Typically it ends with setting aside a certain amount of money each month over a period of time – investing it with a particular objective in mind, or getting clients savings that are sitting in…
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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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Video Report: Thousands crowd launch of Laguna Market
PHUKET: More than 4,000 people turned out for the launch of “Laguna Market on First” at Laguna Grove in Cherng Talay on Sunday. The four-hour market generated an estimated 1.2 million baht, as more than 200 local vendors plied their goods. “I am delighted to see that the market attracted both [people from] the local communities and tourists,” said Ravi…
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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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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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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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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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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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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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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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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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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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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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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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Uber taps Phuket taxi cash flow
PHUKET: Until the National Council for Peace and Order (NCPO) made historic efforts to sweep Phuket clear of local taxi mafias that had long tainted the island’s international reputation, there were rarely rays of hope for the island’s public transportation system. However, this week, another major player has stepped up to provide the millions of tourists that holiday in Phuket,…
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