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Is Phuket business ready for the bulls?

Legacy Phuket Gazette

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Is Phuket business ready for the bulls? | The Thaiger
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Phuket NEWS Hound

– A daily digest of news from around the world compiled by Gazette editors for Phuket’s international community. World Cup? Get instantaneous scores and news updates right here on the Gazette Online (fed directly from FIFA).

PHUKET: Robotic as it is, Phuket NEWS Hound is obedient in the extreme. It never fails to do what Gazette editors ask of it.

Today, we asked the dog to go out into the world and bring back business and economic news with a focus on Thailand.

We made no stipulation for ‘good news only’, nor did we seek to cull any bad.

Compiled by our editors, these are the big stories the Hound has brought back to Phuket.

When airlines cease to be dogged and people are once again on the move, (see final entry below), the global hospitality industry rarely fails to take notice.

But we leave it to readers to decide whether these stories are good, neutral or bad news for Phuket.

The island’s economists, armchair or otherwise, are invited to post their views in the forum below.

Thai exports skyrocket

Earth Times
Thailand’s exports soared 42.1 per cent in May from the same month a year ago despite the bloody anti-government protests in the streets of Bangkok last month, government officials said on Friday.

Commerce Minister Pornthiwa Nakasai said exports were valued at 16.6 billion dollars in May, while imports stood at 14.3 billion dollars, up 55.1 per cent.

It was the largest rise in exports in 22 months, Pornthiwa said. It came after the world was mired in a recession last year, causing a drop-off in exports around the globe.

The Thai economy grew 12 per cent year-on-year in the first quarter, one of the highest rates in Asia, lagging behind only Singapore and Taiwan.

Foreign capital flowing into Thailand

The Bangkok Post
Foreign capital flowing into Thailand is still normal, with most invested in the equities market, according to Bank ofThailand (BOT) Assistant Governor Suchada Kirakul.

Ms Suchada noted that the large capital inflows into Thailand, especially in the past three days into the Thaistock market, resulted from uncertainty in the global market, public debt problems faced by some European countries, and worries over US economic problems.

More foreign capital inflows are expected to enter the countryas many believe the Thai economy will continue to improve.

The Stock Exchange of Thailand index on Friday closed at 791.85 points, up 2.9 per cent from a week ago.

Thai property giant expands further

Property Report
Listed Thai developer Sansiri has revealed plans to launch 21 new projects with a combined market value of 32 billion baht (US$987 million) in the second half of this year.

The 21 projects to be developed include 10 condominiums with market value of 17.6 billion baht; eight single detached homes projects with a market value of 11.7 billion baht; and three townhouse developments with market value of 2.7 billion baht.

The company has not, as yet, announced any projects for Phuket.

Canadaoil invests in Thailand

Earth Times
Canadoil Group has announced a 20-billion-baht investment in Thailand to build a production plant for the steel plates it uses to manufacture pipes.

The new plate mill, to be located in Rayong province, will be fully operational by 2012, Canadoil executives say.

The group, whose corporate headquarters are in Canada, produces specialized pipes for oil and gas projects, and first entered the Thai market 10 years ago

The Eastern Seaboard, which includes Chon Buri and Rayong provinces, is Thailand’s main industrial zone. It has attracted hundreds of petrochemical, chemical and automotive manufacturing factories over the past two decades.

Vietnam building tourism mecca

TR Weekly
In a bid to assert its ability to compete with Thailand’s tourism destinations such as Phuket, Samui, Hua Hin and Chiangmai, Vietnam has announced a massive “bundle” of tourism development projects.

With Bangkok as the well-established air hub for Southeast Asia, Thailand, including Phuket, is likely to ride a boom in air traffic and holiday visits from tourists bound to and from Vietnam.

The Cat Ba Resort Community project has been launched by Vinaconex Investment & Tourism Development Co with an investment of US$1 billion in Haiphong.

The project will cover 172 hectares in a World Heritage Biosphere Reserve area, Cat Ba Island and elsewhere in the Cat Hai district. It will boast seven resorts, 800 villas, two cruise wharfs, a convention center, an international commercial center, sports and entertainment facilities, and five-star hotels.

Petro Vietnam is building the Petro Vietnam Hotel Complex in Thai Binh on the eastern coast, 110 km from Hanoi.

The project, representing an investment US$27million, is taking shape on 10 hectares in Thai Binh City. It will include a 15-story four-star hotel and a 17-story apartment tower with offices for rent.

The five-star residential-commercial-hotel complex Le Meridien Danang Resort & Spa got off the ground last month and will be completed in 2013. The resort will comprise of 48 deluxe villas, 149 apartments and a 350-room five-star hotel representing an investment of approximately US$110 million.

The Ba Na Cable Car Co is building a French-style village, comprising 80 two-story houses in a forested area on Ba Na Mountain near Danang.

Apart from the village, the company is building an entertainment park that will feature a 3D cinema, a snow city, game centers and artificial mountains for climbers, all in a US$25 million park due for completion in March next year.

The central province of Quang Ngai, 900km south of Hanoi, is slated to have a multi-purpose marine site providing services in convalescence, swimming, surfing, boating, entertainment, shopping, gymnasiums and accommodation for 500 to 700 clients a day.

And finally, construction of a US$8 million four-star hotel, Sapa Indochina, in the mountain town of Sapa in the northern province Lao Cai, has already started. It will be a French-style hotel with 88 rooms overlooking the Hoang Lien-Sapa mountain range. It is scheduled for completion next year.

Airlines reverse course

TR Weekly
IATA (the International Air Transport Association) has reversed its outlook from a US$2.8 billion loss, forecast in March, to a global profit of US$2.5 billion by the end of this year.

IATA projects industry revenues to be US$545 billion in 2010. This is up from the US$483 billion in 2009, but still below the US$56

— Gazette Editors

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

Coronavirus (Covid-19)

Re-opening Thailand to tourism will be vaccine dependent

Bill Barnett

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Re-opening Thailand to tourism will be vaccine dependent | The Thaiger

Bill Barnett from c9hotelworks.com continues to follow the difficult journey of the Thai hospitality industry. Traditionally, now would be the start of the country’s highly profitable high season for the tourism industry. But not this year. Thai hotels find themselves in the middle of an existential crisis – either still closed, only partly open, or one of the few converted to limited ASQ traffic. The situation is dire, when you consider that between 15-20% of Thailand’s GDP is linked to tourism.

In a speech this week Thailand’s Prime Minster Prayut Chan-o-cha spoke clearly that only when a vaccine is approved, produced, and implemented, would the country open to substantial tourism. Given the current timelines and forecasts, this may not be likely until mid-2021 at the earliest, though subject to advancement if the process could be accelerated, which is unlikely.

For tourism and hotel stakeholders, the writing is on the wall that 2021, for the most part, will see a continued reliance on domestic travellers, and only in 2022 will there be a large-scale return in numbers of overseas visitors.

Given the winter spike in Asia, Europe, and North America of Covid-19, Thailand is not alone in relying on the vaccine to return tourism but the process will not be instant and the re-openings of borders will most certainly be staged.

HERE’s a list of 113 Alternative State Quarantine hotels.

The business reality for Phuket and across Thailand is to plan for the worst in the coming six months and only expect 2022 to see a notable uptick.

Currently, the hotel sector continues to advocate to the Thai government and Central Bank for debt and financing relief measures and assistance in a social security supplement to retain staff.

While it’s negative news, it at least allows for hotels to understand the challenges ahead, plan and adjust their operating models going forward. ‘Survive the downturn’ is the new mantra.

No vaccine, no entry. Read more HERE.

No vaccine, no flight. Read more HERE.

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Phuket

Phuket workshop helps residents cope with high stress brought on by the economic crisis

Caitlin Ashworth

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Phuket workshop helps residents cope with high stress brought on by the economic crisis | The Thaiger
PHOTO: Facebook: ประชาสัมพันธ์ เทศบาลตำบลวิชิต

Hundreds of residents in Phuket’s Wichit subdistrict attended a workshop focused on reducing stress from to the pandemic-induced economic crisis. A psychologist was even on site to help those who had extreme mental stress and a Buddhist monk taught meditation techniques to reduce physiological effects of stress.

The event was planned in response to an online survey conducted by the municipality asking residents about how much stress they were experiencing from the economic climate. They found that some residents had serious stress issues brought on by the pandemic and financial problems, according to Wichit Mayor Kreetha Chotiwichphiphat.

“The loss of income due to the economic crisis brought on by the Covid-19 situation has resulted in some people in the area suffering serious stress, which can lead to serious mental health issues.”

Around 350 people attended the event. The mayor says it was the first step in caring for the residents’ mental health. Local officials plan to hold similar workshops in the future.

“It was a good opportunity for people to realise the importance of mental health and to learn techniques of how to deal with stress, which will help people to maintain their physical health and avoid developing mental health problems.”

SOURCE: Phuket News

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Phuket

Phuket’s Soi Dog Foundation opens Humane Education Centre at Mai Khao shelter

The Thaiger

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Phuket’s Soi Dog Foundation opens Humane Education Centre at Mai Khao shelter | The Thaiger

The Soi Dog Foundation has officially opened its Humane Education Centre, the first of its kind in Thailand dedicated to the welfare of stray animals. The centre, located at the Soi Dog shelter in northern Phuket, forms part of the foundation’s Humane Education program. Rolled out in 2017, the program sees a team visit Thai schools to teach the next generation the basic principles of animal welfare and promote empathetic attitudes towards both owned pets and free-roaming strays.

The program has reached a total of 15,058 students and 861 teachers to date. With a dedicated classroom as well as educational tools and resources now on site at the shelter, Soi Dog will be able to expand the programme and reach an even greater number of young minds.

Co-founder and president of Soi Dog Foundation International John Dalley said, “The cornerstones of what we do – what I believe very firmly are the answers to the stray dog problem throughout Asia – are large-scale sterilisation of stray dogs and cats and education of, particularly, the next generation.

“We see all the time the problems that are being caused through us not respecting the environment and not respecting the other animals with whom we share this planet. That’s why education is so important.”

John also thanked the supporters and donors who made the construction of the centre possible. After cutting the ribbon, the students filed into the brand-new facility for the very first on-site class – a fun and interactive hour of roleplaying, brainstorming and problem solving.

Humane Education Manager Nuttawut “Film” Kumngern. said… “We want to encourage kindness toward animals, especially free-roaming dogs and cats, and teach youngsters to be responsible pet owners. This will sustainably reduce animal cruelty and pet abandonment.”

“We hope to one day see animal welfare incorporated into the curriculum in Thai schools, and our education centre is a great start.”

Soi Dog is ready to welcome school groups from Phuket and other provinces to the centre which can accommodate up to 40 students at any one time. Schools interested in participating are encouraged to email film@soidog.org

Phuket's Soi Dog Foundation opens Humane Education Centre at Mai Khao shelter | News by The ThaigerPhuket's Soi Dog Foundation opens Humane Education Centre at Mai Khao shelter | News by The Thaiger

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