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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Economic outlook positive despite coup
PHUKET: Business and economic leaders have expressed confidence in the economy despite the uncertainty surrounding the direction the National Council for Peace and Order (NCPO) will take in the coming weeks and months. The heads of several leading property development companies, including Italian-Thai Development Plc, Sansiri Plc and Land and House Plc, all of which have large projects underway or…
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Video Report: A place to call their own
PHUKET: St James Properties has entered the foray to secure its role in Patong’s burgeoning family tourism market with the recent opening of The Kids Club, located off Soi Bangla, touted as the biggest indoor playground in Phuket. Located at the Patong Promenade shopping mall, The Kids Club is presented as a premium children’s venue, which is now fully operational…
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Jungceylon Patong sees first quarter spike in clients
PHUKET: Jungceylon Patong has announced a 20 per cent increase in clients for the first quarter this year over its figures during the same period in 2013. The increase has resulted in the daily averages at the Phuket shopping mall jumping from 45,000 – 50,000 visitors a day to 50,000 – 55,000, explained Chief Executive Officer of Jungceylon Patong Phuket…
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Rawai roasters tout Thai coffee beans
PHUKET: With the fast approaching Asean Economic Community (AEC) integration, Thailand’s coffee producers will be facing stiff competition from neighboring coffee behemoths Indonesia and Vietnam. Coffee industry experts have long been calling on coffee producers in the kingdom to bring specialty coffee products to market and move away from supplying bulk beans to instant coffee manufacturers. The high-quality beans are…
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How to choose an offshore broker
PHUKET: As an expatriate, there are a number of important aspects to consider before choosing an offshore broker or a custodian to hold your investment assets. At the same time, you will need to keep in mind that not every offshore broker will be able to offer a perfect solution for all of your needs – especially if your financial…
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Business as usual for bars, despite bans
PHUKET: Despite a handful of unexpected alcohol bans due to elections brought about by the ongoing, nationwide political protests, business seems to be barreling forward as usual in Phuket’s premier party town. The Director of the Tourism Authority of Thailand, Anoma Wongyai, told the Gazette, “I think because the alcohol bans were short-lived, only one or two days long, they…
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Chinese vote Phuket favorite destination for students
PHUKET: Phuket has been voted the favorite destination for Chinese students. The accolade was one of six awards won by Phuket at the annual ceremony held by China’s largest Online Travel Agent (OTA), Ctrip.com, and one of nine awards won by Thai destinations in total. The “Ctrip Best Tourist Destination of the Year 2013 Awards Ceremony” was held in Shanghai…
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Leaders from paradise isles to meet in Phuket ahead of ITOP forum
PHUKET: Island leaders from around the world will arrive in Phuket at the end of the month in order to prepare for their 18th annual forum, to take place at the Laguna Phuket resort complex in August. The group, called the Inter-Island Tourism Policy Forum (ITOP), formed in 1997 after officials of Jeju, Bali, Hainan and Okinawa agreed that leaders…
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Hong Kong couples wooed to wed in Phuket
PHUKET: The Tourism Authority of Thailand (TAT) Hong Kong office will launch a pilot campaign to lure couples in Hong Kong to legally marry in Phuket. The pilot project alone is expected to generate 124 million baht for the Phuket economy. To introduce the concept, TAT Hong Kong office director Titiporn Manenate took a delegation of leading wedding planners from…
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Thailand OTOP fair in Patong to breach B1bn barrier
PHUKET: The Thailand One Tambon One Product (OTOP) Fair to conclude tomorrow is expected to boost Phuket’s income from OTOP events beyond the billion-baht mark for the year. The Patong event is expected to bring the island’s income from OTOP events for Fiscal 2014 to 1.08 billion baht for the local economy, a 22% increase on sales realized last year,…
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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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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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SilkAir celebrates 25 years in Phuket’s skies
PHUKET: Full-service regional carrier SilkAir, a subsidiary of Singapore Airlines, celebrated its silver anniversary in Phuket on Saturday, as its chief executive highlighted the company’s growth goals. Phuket was one of the five original destinations for the regional airline when it was re-branded from Tradewinds the Airline to SilkAir on April, 1, 1992. The number of destinations served by the…
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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: 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: Quality and convenient coffee
PHUKET: Getting great espresso or coffee for your home, office or hospitality business in Phuket can be a trying task at times. Dealing with messy coffee grounds, cleaning complicated espresso machines, getting a good froth with your milk and training yourself or your staff to make a consistently good coffee are just some of the troubles you have probably faced…
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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: 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: Making gym cool again
PHUKET: There sure are some exiting sports out there – diving, rock climbing, free running, gym fitness training… wait, the gym? It might be challenging and fulfilling but few would call it exciting. At least this is how things were up until now. A new place here in Phuket is on a mission to change that image. “Unit-27 has been…
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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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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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Local tourism industry unfazed by Bangkok turmoil
PHUKET: Wanprapha Suksomboon, acting director of the Tourism Authority of Thailand’s Phuket office, recently said that the political turmoil in Bangkok has had minimal negative effects on local tourism.There have been only “a few” booking cancellations, she said, citing the fact that Phuket can be accessed by direct international flights that don’t need to connect in the Thai capital. Since…
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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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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: Sri Lanka could be the next frontier for investors
PHUKET: When most Westerners think of Sri Lanka, the island nation off the coast of South India that was once known as Ceylon, they probably think of tea (as the country has long been a major tea exporter), science fiction author Arthur C Clarke (who spent most of his adult life living there) or the now defeated Tamil Tiger guerillas…
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