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.
-
Sponsored Digital nomading in Chiang Mai? What US$1,000 a month really gets you
Chiang Mai has become a popular destination for digital nomads due to its low living costs, rich culture, and active remote work community. The city offers affordable housing, tasty food, reliable internet, and many co-working spaces, making it a great...
-
One more challenge for McCormack
PHUKET: From a race track to a company board room – seems like change of pace for a world class athlete. But Chris McCormack proves otherwise. The same passion that let him win over 200 triathlons is about to help him achieve his goals as the new Executive Chairman of Thanyapura.He is certainly not a newcomer to the world of…
-
Tesco Lotus opens new Phuket department store in Chalong
PHUKET: Tesco Lotus today opened its new Chalong Phuket Department Store on Chao Fa West Road.The store offers a wide range of fresh food and groceries, as well as a large variety of housewares, electronics, toys and furniture. The store complex has 72 commercial tenants including banks and leading restaurants. The Tesco Lotus store will create 170 jobs in the…
-
Be a responsible investor – Phuket Finance
PHUKET: There is much wrong with our world unfortunately. I am guessing this is not news to most of you, and the corporate profit motive is widely accepted as being a major cause of many of the modern world’s largest problems. I am often asked by clients how they can invest in the markets without inadvertently supporting or contributing to…
-
Protect yourself from cyber-crime – Phuket Business
PHUKET: As an expatriate living in a foreign country, you are particularly vulnerable to cyber-crime as you probably use the Internet to access your financial accounts and the statements associated with those accounts. With that in mind, here are ten tips to help you foil potential cyber-criminals: Security starts with your financial institution Although it’s inconvenient, your financial institution should…
-
Phuket Business: FoodPanda to change eating habits
PHUKET: You didn’t buy this luxury villa to be forced to leave it every time you feel hungry. So if you’re tired of fast food and pizza – the most common delivery foods – there is a new solution for you. Online food delivery company, Foodpanda has just entered Phuket and plans to change islanders’ dining habits. The Phuket Gazette…
-
WTF – “What The Future Holds” Event Summary
PHUKET: Professor Steve Keen is often quoted as saying that the only people who believe they can see the future are fortune tellers, economists and God, and that, while he’s sceptical about fortune tellers, he knows for a fact that economists are deluding themselves, often with appalling consequences. Managing clients’ hard-earned assets shouldn’t be based on an individual assumption of…
-
Oh what a feeling… walking on the ceiling
PHUKET: Lionel Richie’s feel-good 80s tune is about to apply in a more literal sense, with the opening of Phuket’s newest quirky, off-the-wall attraction which will enable visitors to actually dance, or walk, or crawl, or slide… on the ceiling. The beginning of 2014 is set to welcome a three-story, fully furnished house which will become the newest tourist attraction…
-
Telly just like back home
PHUKET: As expats, we all have things that we miss about our home countries. For me, I have to say what I miss the most is American television. I miss having hundreds of channels (all in English) that I can watch whenever I want. There’s nothing quite like ESPN, HBO, Showtime, Starz (NASDAQ:STRZA) and AMC Networks (NASDAQ:AMCX) with their hit…
-
Report: Global wealth has doubled since 2000
PHUKET: A decade of negative real returns on equities, as well as more recent bear markets and housing bubbles bursting, has understandably made commentators cautious, even when there is good economic news. Nevertheless, the 2013 Crédit Suisse Global Wealth Report published recently has concluded that in spite of all this, global wealth has more than doubled since 2000, reaching a…
-
Low minimum access to a Wall Street legend
PHUKET: I have followed the performance of the Abraham Trading Company for many years but it has always been off limits for use with the vast majority of my clients. As has happened with a lot of high-class money managers recently, a low minimum feeder has been opened that allows access to your average offshore investor. What I like about…
-
Understanding financial adviser fees – Phuket Investor
PHUKET: Let’s be upfront and say that while no one likes paying fees, there is no such thing as a free lunch, and I, as a financial adviser providing financial advice, along with those on Wall Street who create investment products all need “to eat”, so to speak. That said, there is no reason for you to pay unnecessary or…
-
Kvik-start your future – Phuket Business
PHUKET: The Danish kitchen brand Kvik, known for its high-quality, low prices and fast delivery times, has rapidly expanded its presence in Thailand over the last year and is on the lookout for business partners in Phuket. Kvik Associate Thomas Sorensen explained that as part of Kvik’s current expansion, the company is offering an unprecedented support package to its new…
-
Kamala cable company offers optical, digital coverage
PHUKET: Good news for residents on the island’s north who want to keep up with the world’s top footballing action, but don’t fancy spending their late nights in some hole-in-the-wall leagues away from home: Owner of Kamala Digital Cable TV (KDTV), Niruj Sariya, recently announced new upgrades and plans to continually increase and improve cable TV services in the Kamala…
-
From planes to trains and back to automobiles
PHUKET: Over the past few weeks, political debates in Thailand have often been centered on the government’s national high-speed railway project. Punches, counter punches and even the kitchen sink have been thrown into the arena. Who the heck needs to run with the bulls when you can get gored by an out-of-control locomotive? During the same period, I was able…
-
Poll: Phuket prefers Coke
PHUKET: Just under half (49.6%) of respondents to a recent Gazette poll said they prefer the taste of Coca-Cola (Coke) over that of three other competing brands on the market – Pepsi, Est and Big Cola. The poll, which ran online from August 2 to September 1, was answered by 514 unique respondents, who were asked which cola brand (sold…
-
Phuket pool factory to make a splash
PHUKET: Swimming pool designer, manufacturer and retailer, JD Pools, recently held a celebration to mark the completion of their new factory and training center at Thalang. The 5,000 square meter factory is aimed at cementing JD Pools’ position as the largest pool manufacturer in ASEAN and will also function as a training center for their staff from across the region.…
-
Cut costs on investments – Phuket Finance
PHUKET: If you are like many expatriates living in Phuket, you have probably failed to realize the impact trading or investment fees can have on your portfolio’s return, as such costs are often hidden and can quickly add up over time. In a rising market, these costs may not be so noticeable; but in a stagnant or falling stock market,…
-
Last Call – Is there life on Mars?
PHUKET: I found myself singing the David Bowie classic from Ziggy Stardust just this morning in the shower, with that classic line “Is there life on Mars?” I’m not quite sure of the answer, though sipping cocktails while viewing a lunar Martian sunset certainly sounds like a good idea. That just may be the penultimate sundowner. Yes, the danger signs…
-
Phuket tourism pioneer to speak at next AMCHAM meeting
PHUKET: One of the island’s leading hotel figures, Wichit Na-Ranong will speak about Phuket’s changing tourism landscape this Friday, September 6, at the Indigo Pearl hotel. Mr Wichit will share his extensive experience on Phuket’s journey to become a leading global resort destination, and provide background on how he has strategically repositioned his flagship hotel in Nai Yang to cater…
-
Absolute return funds – Phuket Finance
PHUKET: This short article will take a look at whether absolute return funds will begin delivering again. An absolute return fund or strategy is one which attempts – attempts being a very key word here – to deliver positive year-on-year returns regardless of market conditions. There are very many strategies that are employed in the attempt to generate these returns.…
-
Ensure fiduciary duty – Phuket Finance
PHUKET: Fiduciary duty basically means that an agent is meant to act in the best interest of his client, and not his own. It is a very simple concept, yet not surprisingly, the real world all too often does not work this way. When it comes down to it, human beings very often fall victim to greed. If I told…
-
Staying in touch with Facebook – Phuket Investor
PHUKET: One of the main things I like about Facebook is that I can stay in touch with my family and friends all via one platform. Before I had to keep emailing, making phone calls and writing the occasional letter to and from the US. Now with Facebook, I don’t have to do that anymore. I’m able to share my…
-
My house for your car: B2B
PHUKET: Looking to expand locally what is touted as the “world’s largest international barter network”, BBX Thailand is offering to slash its sign-on fee for new members in Phuket. The barter-credit network facilitator, founded in Australia in 1993 and currently operating in nine countries globally, held a Phuket network meeting last week at Ban See Nam restaurant. A BBX representative…
-
Chinese, Russian influx a boon for Phuket
PHUKET: Despite a dramatic decline of visitors from Western Europe, Phuket’s tourism industry thrives, thanks to the throngs of Chinese and Russian travellers who fill up hotel rooms but also strain the infrastructure. “For the first time, travellers from legacy markets such as Western Europe are no longer present in the top five arrivals. What has replaced them are Asian…
-
Americans renouncing tax liabilities
PHUKET: The number of US taxpayers renouncing their citizenship or permanent-resident status reached a new high in Q2 of 2013. The figure of 1,130 people who the IRS listed as renouncing their status is two-thirds higher than the previous recent high, set in Q1 of 2013 and six times higher than Q2 of 2012. It is also the largest number…
-
Cebu pacific, Tiger Air tap into Manila-Phuket direct flight market
PHUKET: At about the same time that Tourism Malaysia announced the closing of its Phuket office (click here for story), another major Southeast Asian source-market is poised to link up with the “Pearl of the Andaman” – the Philippines. As of this month and next, two regional airlines will service direct flights between Manilia and Phuket International Airport. The Philippine’s…
-
Hospitality recruitment: New six-star property and restaurant north of Phuket now hiring
PHUKET: Anticipating the opening later this year of a new “six-star” hotel and adjoining Michelin-cheffed restaurant just north of Phuket, the Iniala Group will hold a recruitment event at Royal Phuket Marina on Saturday, August 24 (click here for map). To be held from 9am to 7pm, “Recruitment Day” will look to hire a number of Thai nationals to fill…
-
AEC training for tourism
PHUKET: The Department of Tourism and the National Institute of Development Administration (NIDA) will hold major training courses for entrepreneurs in the tourism and hospitality industry in order to prepare them for the opening of the Asean Economic Community. Pasit Poomchusri, Deputy Director General of the Department of Tourism said the tourism and service industry which includes lodgings, restaurants, transportation,…
-
Chalong means “celebrate’ – Phuket Business
PHUKET: They started the production just nine months ago but they already have reasons to celebrate – their product achieved international recognition, winning the highest award for a white rum at the International Wine and Spirit Competition in Hong Kong. But what’s even more important, it feels like a part of Phuket’s DNA – natural, local, merging traditions and cultures.…
-
Asian groups may invest US$150bn in markets abroad
PHUKET: Institutional investors based in Asia could look to invest in excess of US$150 billion in global real estate over the next five years, though not necessarily in domestic markets. According to the latest research from leading global real estate services provider, CBRE, since there is limited investable stock available in Asia, such investors – including banks, insurance companies as…
Don't forget to check out some other things to do in Thailand - get help starting a business or finding a job in Thailand, buy Thailand property, rent a yacht or book a medical procedure worldwide.