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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Sponsored Where to shop for sports gear at Jungceylon Phuket
Phuket might be known for its beaches and nightlife, but the island also has a thriving fitness culture. From Muay Thai gyms to beach runs at sunrise, staying active is part of daily life for many who live here (as...
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Dusit Thani Laguna Phuket appoints new director of sales and marketing
PHUKET: The Dusit Thani Laguna Phuket has announced the appointment of Sanjeev Tandon as its new Director of Sales and Marketing. An Indian national, Mr Tandon holds a master’s degree in Management Studies with a specialization in marketing from the SP Jain Institute of Management and Research at Mumbai University, India. He also comes to the role with extensive experience…
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Thanyapura gives back to the community
PHUKET: “Now more than ever, companies need to demonstrate transparency. They must show they are attuned to environmental issues. They should reduce carbon emissions, promote zero waste and host CSR activities to engage the public,” said the President of International Business Affairs of The Nation Multimedia Group Pana Janviroj in the foreword of the latest issue of CSR Thailand magazine.…
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Nominations being accepted for Thailand’s first Expat Entrepreneur Awards
PHUKET: Bangkok-based publisher, The BigChilli Company, has announced that it will be hosting Thailand’s first Expat Entrepreneur Awards 2014 on September 25 in Bangkok. The accolades will be awarded in a variety of categories such as arts and culture, education, hospitality and travel to highlight the contributions that foreign-owned/managed companies have made to Thailand’s economy. The awards ceremony is jointly…
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Retirement is all about safety first
PHUKET: I cannot even begin to tell you the horror stories I hear from many expats I meet. Unfortunately, they’re coming to see me too late or have not been reading my columns. The first thing that many Americans or Europeans think when they move to Thailand is how cheap it is to live here. We got a lot more…
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Grand Mercure Phuket Patong sets its sights high
PHUKET: After 13 years in the Kingdom, 36-year-old Sebastien Tronchet has risen from hotel intern to general manager overseeing the pre-opening, opening and operation of the Grand Mercure Phuket Patong. Like many general managers, Sebastien began in food and beverage (F&B) and quickly ascended the ranks. “I’m lucky to come from a little province in the South of France. We…
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Taxi finder site seeks to improve user experience
PHUKET: In the midst of the flurry of fanfare regarding the NCPO’s crackdown on Phuket’s illegal taxis and taxi mafia (story here), a small family business called Travelsnooper Co Ltd has created a website that they hope will help all. The new website, called taxithailand.info and available in English and Thai, is aiming for a target audience that includes hotels,…
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Accor steps into high-end ring with Grand Mercure Patong Phuket
THE ACCOR Group’s latest high-end hotel in the province is aiming to quickly ween itself off the source of its current success, TripAdvisor, and use agent-sourced revenue streams to hit its 2014 goal of gross revenue exceeding 160 million baht. “Phuket is an agent-based destination. It’s the bread and butter of the business. It would be too risky to rely…
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Phuket Pearl Group to promote and sell its products in overseas markets
PHUKET: Phuket Pearl Group, a large Thai cultured-pearl producer, plans to promote its “Amorn Pearl” trademark internationally. President Amorn Intorncharoen said last week that the company realizes that to become the leading pearl trader and integrated farm operator in the region – in the face of the seamless trade promised by the fast approaching AEC integration – trademarks and brand…
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Hotel investment in Thailand likely to decline on AEC opening
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Hotel investment in Thailand likely to decline on AEC opening The Nation / Phuket Gazette PHUKET: Investment in new hotels in Thailand is expected to slow next year as many key players concentrate on newly opened markets to cash in on the opening of the Asean…
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Coup d’etat or coup de grâce?
PHUKET: The change in government on May 22 seems to have occasioned a very different response from inside Thailand as compared with that of the world outside. The coup may have delivered the coup de grâce to the political turmoil, which not only paralyzed public policy but also saw international investors accelerating their already significant sell-off of Thai assets. Foreign…
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Investment advisers: Whose side are they really on?
PHUKET: In the world of providing financial planning and investment advisory services, just about everyone claims to be, or tries to pass themselves off as, an expert looking out for your best interest. But just who is an investment adviser really serving and more importantly, who is watching over him or her? For expatriates, asking such questions is important because…
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Insights of a veteran hotelier
At 59 years young, Gerard Tan has some years behind him, but he doesn’t let that slow him down. “We should go out and drink one night,” says Tan as he settled down to a strong coffee in the courtyard of the Millennium Resort Patong. However, he can’t be blamed for his festive mood. After a seven-year stint as the…
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Local gelato producers serve up the good stuff
PHUKET: In the high season, more than 4,000 scoops of gelato and sorbet – chocolate, licorice, durian, rice and wasabi flavors among them – are produced every day on Phuket by local ice cream makers. Though that’s nearly 10,000 kilograms a month, and does not include sales by big players such as Haagen Dazs and Movenpick, there is still room…
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Phillipp Graf von Hardenberg takes the reins at Thanyapura
PHUKET: It takes one look at Phillipp Graf von Hardenberg’s resume to understand why he was appointed the new President and CEO of Phuket’s Thanyapura. Hailing from Germany, Mr Graf von Hardenberg wears many hats: business coach, entrepreneur, financier, educator, hotelier and if that is not enough – fundraiser and philanthropist. He has turned around the fortunes of the first…
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Generating a passive income stream
PHUKET: The whole point of retirement planning is to get to a point where you no longer need to actively work to provide you with the things you need or want. This can be accomplished by saving enough money that you can draw it down slowly until you die, but the downside of this approach is that you obviously never…
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International arrivals and hotel occupancy strong in first quarter
PHUKET: The number of international tourist arrivals to Phuket grew by 6.9% year-over-year (YOY) to 962,953 arrivals in the first quarter of 2014. An increase in direct international flights to Phuket have helped insulate it from any negative impact from the ongoing political turmoil in Bangkok, according to CBRE. The average occupancy of upscale hotels (with rates over 2,000 baht…
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Coup puts dent in Phuket hotel occupancy numbers
PHUKET: Hotel occupancy has taken a hit in coup-time Phuket with cancellation and booking rates falling short of last year’s numbers. Though figures vary between the Tourism Authority of Thailand (TAT) Phuket Office and the Phuket Tourist Association (PTA), both agencies agree that the coup has affected the tourism industry. “Booking cancellation rates are up about 10 per cent compared…
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Air bookings to Thailand plunge after coup, data shows
PHUKET: Airline bookings to Thailand have collapsed, a travel association said on Sunday, after the military took over the government on May 22, hitting the tourism sector that accounts for 10 per cent of the economy. The coup followed months of protests that weakened the government of Prime Minister Yingluck Shinawatra, forced ministries to close for weeks on end, hurt…
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Lion Air roars into Southern Thailand
PHUKET: Regional low-cost carrier Lion Air has launched services to several new destinations in Thailand, with its Thai subsidiary Thai Lion Air, aiming to establish Hat Yai Airport (HDY) as a second hub in Thailand. Executive Managing Director of Thai Lion Air, Andi Burhan, said that the carrier’s decision to use a 72-seat ATR 72-600 prop plane, the first ATR…
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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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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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Thailand’s Southern beaches remain the country’s most popular destinations
PHUKET: Thailand’s Southern beach resort regions remain some of the most popular holiday destinations for international tourists, with hotels in the area reporting occupancy rates of up to 78% during the first quarter of this year. According to figures from the Tourism Authority of Thailand’s (TAT) eight domestic offices and two coordination centers in Southern Thailand – Krabi, Phang Nga,…
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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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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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What if Phuket’s roads took you?
PHUKET: Over the last decade the number of well-known, and often very well-liked, expats who have perished on Phuket’s deadly roads seems to have increased at an alarming rate. Indeed, the most recent case has given me cause to revisit a topic nobody likes to speak about, yet the failure to address it could lead to some rather horrible consequences…
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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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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] | Thaiger](data:image/svg+xml;base64,PHN2ZyB4bWxucz0naHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmcnIHZpZXdCb3g9JzAgMCAzOTAgMTgxJz48L3N2Zz4=)
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…
![Jagota sponsors three new international music and theater events in Phuket [video] | Thaiger](https://thethaiger.com/wp-content/uploads/2017/08/7_201441113541191_uUPWzjQXubcvdGxyiQBlAtBpojudBeSHouBzQCAa_jpeg.jpeg)
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