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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Revamped Tesco Lotus Extra fully open from today
PHUKET: Renovations on the Tesco Lotus Extra Phuket mall, located off the bypass road in Sam Kong, were recently completed and the revamped mall is now fully open for business as of today. Tesco says that more shops, famous brands, and a new food court have been added to the mall, including Starbucks, Fuji, Giordano, Air Asia, as well as…
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Jagota sponsors three new international music and theater events in Phuket [video]
PHUKET: Phuket’s burgeoning events scene received a boost this week with the announcement that leading food supplier Jagota Brothers has signed an agreement with Events International [EI], organizer and promoter of the Phuket Gazette’s series of “Headline Events”, to sponsor three upcoming musical and theatrical performances on the island. The agreement will see Jagota as the title sponsor for these…
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Phuket Business Development Office holds Foreign Business Act seminar in English for the first time
PHUKET: The Phuket Business Development Office (BDO) has announced that it will be hosting a seminar aimed at educating foreign business operators about the provisions of Thailand’s Foreign Business Act B.E. 2542. Topics addressed during the seminar will include whether it is necessary to set up a company to do business in the Kingdom, avoiding red tape and issues surrounding…
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Package tour purchasers beware, says TAT
PHUKET: Fifty tourists recently found themselves abandoned by a resort, without rooms to check in to, after buying low-price tour packages, prompting the Tourism Authority of Thailand (TAT) Krabi to issue a warning to tour buyers. “Several tourists booked and paid for Krabi tour packages at a travel fair in Bangkok, and even received booking confirmations. But when they arrived…
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Phuket Business: Canal dredging project begins
PHUKET: The 12-million-baht project to dredge the Koh Kaew Canal and deepen the existing approach channel from Phang Nga Bay has commenced and is scheduled to be completed by October. The project, which was approved in January by Phuket Governor Maitri Inthusut, will increase access to the Phuket Boat Lagoon, the Royal Phuket Marina (RPM) and the nearby village fishing…
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Video Report: Canal works to boost Phuket marina access
Gulu Lalvani dubbed provincial governor Maitri Inthusut an “action man” while describing his delight that – after ten years of delays – work has finally begun on dredging the channel that leads to Royal Phuket Marina and the Boat Lagoon. Video: PGTV PHUKET: The 12-million-baht project to dredge the Koh Kaew Canal and deepen the existing approach channel from Phang…
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Phuket Business: Seminar on economic and investment trends in Phuket this Thursday
PHUKET: Siam Commercial Bank will be hosting a seminar in Phuket titled “Economic and Investment Trends in Phuket’s Thriving Tourism Industry” this Thursday, March 20 at 1:30pm at the Royal Phuket City Hotel. With industry and investment insight from leading speakers in their fields, the free seminar will be in two languages – Thai and English – and is targeting…
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Phuket Business: Phuket’s plans to trap MICE travellers
PHUKET: A recent conference organized by the American Chamber of Commerce (AMCHAM) examined the role of Meeting, Incentives, Conferences and Events (MICE) travellers in Phuket’s diversifying tourism industry. The event, which was co-hosted by AMCHAM, the British Chamber of Commerce Thailand (BCCT) and the Australian-Thai Chamber of Commerce (AustCham), featured three experts on Thailand’s rapidly growing MICE tourism industry. The…
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Phuket Business: The juice of life
PHUKET: Are you sick and tired of feeling sick and tired? Yes? Then chances are you could be eating healthier, but like so many of us living hectic modern lives, you probably struggle to find the time to prepare healthy food. But now there is a solution – juice it up! Pura Organics, the island’s premier organic food supplier, have…
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Phuket Business: MICE expert to speak at AMCHAM event tomorrow
PHUKET: Tomorrow, March 14, the American Chamber of Commerce (AMCHAM) will host a tourism event at Angsana Laguna Phuket focusing on how to sustainably grow MICE business. One of the keynote speakers at the event will be Mrs Supawan Teerarat, vice president of strategic and business development at the Thailand Convention and Exhibition Bureau (TCEB). The TCEB is a government…
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Phuket Business: Amcham to host MICE tourism conference
PHUKET: The island’s growing MICE (meetings, incentives, conferences and exhibitions) market is a key segment which can help Phuket attract quality visitors. On March 14 the American Chamber of Commerce (AMCHAM) has organized a tourism event at Angsana Laguna Phuket focusing on how to sustainably grow MICE business along with the British Chamber of Commerce Thailand (BCCT) and the Australian-Thai…
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Phuket Business: Mövenpick appoints two new key vice presidents
PHUKET: Mövenpick Hotels & Resorts recently announced two key new appointments – Jan Bundgaard has been internally promoted to the position of vice president of development, Europe and Africa, and Paul Mulcahy joins the company as vice president of distribution and revenue management. The two new members of the company’s corporate center team based in Zurich will be focusing on…
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Phuket Business: Music on the move
PHUKET: Entertainment on the move is becoming increasingly widespread these days thanks to the proliferation of smartphones and tablets. With the escalating ownership of such mobile technology, many are also buying headphones and headsets to receive better quality audio. According to the latest findings by GfK, a German-based consumer research firm, the headphone and headset market generated a total of…
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Etihad Airways to launch daily Abu Dhabi to Phuket flight
PHUKET: Etihad Airways, the national airline of the United Arab Emirates, will expand its network in Southeast Asia with the launch of a non-stop daily service between Abu Dhabi and Phuket. The new route will launch on October 26, 2014, using a two-class configutation Airbus A330-200 aircraft, with 22 Pearl Business seats and 240 Coral Economy seats. The flight will…
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Phuket Business: Hooters restaurant to open in Patong
PHUKET: Hooters of America, LLC, the well-known hospitality franchise that employs attractive young waitresses to help lure customers, recently announced a development agreement with an international franchisee to open three Hooters locations in Thailand over the next three years. Destination Resorts Co Ltd will introduce the iconic brand and dining destination to the country, with the first Hooters location scheduled…
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TAT, AirAsia join campaign to drive travel to three regions
PHUKET: The Tourism Authority of Thailand (TAT) is cooperating with AirAsia on a campaign to promote travel to the North, Northeast and South of Thailand. The “All Out Fun! Discover Thailand with AirAsia” campaign seeks to enliven travel in those three regions with low fares starting from 555 baht one-way, inclusive of airport tax and fees. Tickets may be booked…
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Phuket Gazette appoints new Managing Editor
PHUKET: The Phuket Gazette is pleased to announce the recent promotion of Isaac Stone Simonelli to the position of managing editor. Having spent his years at the Gazette in various roles, including PGTV news presenter, news editor and then head of both the news and reporter teams, Mr Simonelli is well versed in the major local, national and international issues…
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Australian superyacht industry seeks closer ties with Phuket
PHUKET: Representatives of peak industry body Superyacht Australia, along with several Australian-based marine companies recently toured Phuket as part of a program aimed at fostering business relations in the marine industry. The tour was hosted by the Australian Trade Commission and funded through the Australian Government’s Asian Century Business Engagement Plan grant program. During the visit, the group toured all…
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Southern blockades didn’t affect Phuket goods: DIT Chief
PHUKET: The island’s market for consumer goods and fresh produce has not been affected by the political turmoil in and around Bangkok, the head of the Department of Internal Trade (DIT) Phuket office has assured. “I’m not aware of any shortages on the island, so there should be no reason why goods in Phuket would be any more expensive than…
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UAE woos foreign direct investment
PHUKET: Under the directive of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, UAE Ministry of Economy recently announced that preparations for the 4th Annual Investment Meeting (AIM) scheduled from 8 to 10 April 2014 at the Dubai International Convention and Exhibition Center are in full swing.Delivering the speech…
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Phuket Finance: A time tested formula
PHUKET: A question I am often asked by clients, who do a bit of stock trading on their own portfolios, is how to determine the appropriate position size. Indeed, there have been studies that show that this aspect can be just as important as the actual security selection in the long run. The reason this is so important is that…
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Phuket tourism market eyed for semi-submarine pilot
PHUKET: Looking to build on its recent successful launch in Malaysia, one Korean marketeer is now eying the Phuket and Phang Nga marine leisure markets for its simple yet innovative semi-submarine vessel.“The Penguin” was one of several interesting marine products that stood out at this year’s Phuket International Boat Show (see page 44 for more details about the event); To…
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Phuket Chinese New Year: fruit up 30%, no change in meat, vegetables
PHUKET: Produce shoppers did not seem deterred by the 30% annual increase on fruit prices ahead of the Chinese New Year celebrations, a visit today to one of the Phuket’s main fresh markets revealed. Meanwhile, no significant annual change was observed in the price of most vegetables and two staple meats – chicken and pork. Earlier today, the Gazette visited…
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Australia Day message from the Australian Ambassador to Thailand
PHUKET: Australia Day is the ideal day to reflect on Australia’s domestic and international achievements. It is also an opportunity for Australians and Thais alike to celebrate and reflect on the relationship between our two countries. Over several generations, Australians and Thais have built a solid bilateral relationship, establishing excellent models of cooperation and finding new ways to learn and…
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Qatar Airways launches three day sale for Phuket international flights
PHUKET: From today until Wednesday, January 22, Qatar Airways is offering some irresistible deals on international flights this year, with round trip fares on offer for as low as 1,700 baht!For these three days only, as part of its “New Year, New Journey three day sale”, Qatar airlines is offering deals of up to 50% off economy class and 25%…
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Khao Lak – our neighbor to the north
PHUKET: These are exciting times for long-term Khao Lak resident Sascha Meissmer, Sales Manager of the all-new Khaolak Magazine. As the first issue of the quality magazine rolled off the presses recently to considerable acclaim, we managed to grab a moment with Sascha, 44, to find out more. So Sascha, tell us, what is the purpose of the new magazine?…
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Phuket Business: Boat Avenue, Villa Market opens in Cherng Talay
PHUKET: It’s been too long – residents of Laguna Phuket, Cherng Talay and Bang Tao, who had been travelling all the way to Tesco Thalang to do most of their shopping, were forced to undertake expeditions to the well-stocked markets in the south of the island to buy hard-to-find imported goods. But with the grand opening of the Boat Avenue…
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Makro’s Rawai branch open for business
PHUKET: Siam Makro PCL, the Thai subsidiary of Dutch “cash and carry” chain Makro, on December 20 opened its third store in Phuket, on Wiset Road in Rawai. The new branch is Makro’s second “Food Service” format store in Phuket, following the opening of its first branch in Patong earlier this year. Speaking at the grand opening ceremony, Jantima Goiphol,…
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Phuket Business: Go green, go electric
PHUKET: A new transportation option recently made its debut in Phuket. You don’t have to fill it up out of old whiskey bottles on the side of the road or break a sweat pedaling up the island’s steep hills. All you have to do is plug it in before you go to sleep at night.Electric bikes have undoubtedly been around…
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A beacon of light: Lighthouse Restaurant on Chalong Bay
PHUKET: Located right on Chalong Bay near the Kan Eang pier, the Lighthouse restaurant and bar has earned near historical status among expats, tourists, and yachties alike. After being built in 1988 and managed by American Jimmy Pearson, Jimmy’s Lighthouse Bar and Grill enjoyed years of operation until recently when the doors shut and only a defunct restaurant and memories…
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