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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Finance: Don’t buy into the 13 trillion dollar lie
PHUKET: Following on with lessons from Tony Robbin’s book ‘Money: Master the Game’ is a very important Wall Street myth that he busts. When you pay an active manager to buy and sell shares of stock on your behalf, you are doing so in hopes that he will ‘beat the market over time’. The truth is that over any extended…
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Banyan Tree Group bags seven accolades
PHUKET: The Banyan Tree group clinched seven awards at the recent Travel & Leisure ‘China Annual Travel Awards 2016’, adding to a growing list of accolades for the Banyan Tree brand. The luxury lifestyle magazine named Banyan Tree Phuket as the winner in the ‘Best Spa Resorts’ category, while also recognizing Laguna Golf Phuket as one of 2016’s top ten…
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Business Buzz: Establish your online presence from scratch
PHUKET: Many people have asked me how to get started with an online presence, so I have put together a quick overview assuming I was starting from scratch (but knowing what I do now). Facebook Page The very first thing you could do is start a Facebook fan page. This can easily be set up without any skill, cost or…
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Finance: Russians slated to return to Phuket
PHUKET: The economy of Phuket will pick up over the next couple of years because the Russian economy, ruble and stock market are finally recovering. Russia’s energy and commodity driven economy was hit hard by low energy and commodity prices, along with President Obama’s sanctions in response to the annexation of Crimea in 2014 and other troubles in Eastern Ukraine.…
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Finance: Key areas investors must watch out for
PHUKET: Trump has been in office less than a month and already some of his most strident critics are acting as if it’s the end of the world. However, what investors need to remember is the fact that Trump faces an extremely hostile national/Washington DC press along with plenty of opposition from within his own government (such as Federal bureaucrats…
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Finance: Grab the ‘bull’ by the horns
PHUKET: Many times in life it can seem like things completely spiral out of your control, and this can leave us feeling helpless. I have seen this happen not only numerous times with decisions my clients have made, but have made the exact same mistakes in my own investments. One mistake leads to another poor decision and in the end…
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Finance: Markets favor active selection
PHUKET: There is value in having an active stock selector as your money manager – especially right now when individual stocks are starting to break out and the market is favoring them over passive investment. Consider some of the following stocks that are in my watch list and portfolios as of late January. Small cap Internet services stock Tucows Inc…
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Finance: A good time to invest in Phuket
PHUKET: I am asked so often about Phuket real estate that I find it a good topic to address from time to time. Of course, there are legal hurdles to consider, but I will leave that aside for today and focus simply on the issue of timing. Is now a time to be buying or fleeing the island? As with…
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Business Buzz: Social media trends to look out for this year
PHUKET: As we begin another new year, it is a timely opportunity to consider what we should look out for in 2017. It is always important to reevaluate your digital footprint on a regular basis.Here are my 2017 tips to have a successful year in social media and beat your competition, increase your revenues and improve customer loyalty. Remember, an…
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Finance: Next phase of tech revolution may be here
PHUKET: While many have been focused on Brexit, problems in Europe, the Middle East and the US elections, a technology revolution has quietly marched toward its most important phase, that is not being recognized by the mainstream media (which is focused on making predictions about where the market will go in 2017). The tech revolution is alive and well and…
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Finance: Stocks are hot, bonds are not
PHUKET: The post election weeks have seen many leadership stocks take off, with the overall breadth of the market uptrend being impressive. The market is being led higher by both small and mid cap stocks, plus sectors like energy, materials, industrial, technology and the economically sensitive Dow Transports – all positive signs for even higher stock prices in the months…
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Business Buzz: Social Media trends to look out for in 2017
PHUKET: Another year gone and the social media scene has witnessed a lot of changes, with new platforms such as Periscope and Snapchat rising in popularity – while Twitter continues its slide. Video, 360 degree images and smart graphics will likely continue leading the way in content marketing and branding, appealing to our need for instant gratification and shorter attention…
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Krabi locals selling palm seeds to boost income
PHUKET: Krabi locals have managed to find a new way to fill up their pockets with extra cash every month by collecting palm seeds (look chok) from nearby forests. Originally earning a regular income from rubber plantations, an additional income of 15,000 baht per month comes by collecting look chok and using them to make and sell desserts in their…
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Finance: Where to invest after Trump victory
PHUKET: As the world learned that Trump had won, equity futures plunged – only to turn positive just minutes after the market opened the next day, with the rally lasting the rest of the week. The fact that the Dow and small cap US stocks shot up by 10 per cent to a new high shows that the market has…
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Ten reasons why the market will head higher
PHUKET: US and global markets continue to hold in a tight 2-3 month range near new highs after breaking out of a long 1.5 year consolidation just after Brexit. This is occurring despite all the pessimism out there surrounding the US elections, the Fed, terrorism, Brexit fallout, Deutsche Bank troubles and other concerns. I have ten reasons to believe the…
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Kata Group taps into trillion-yuan wedding market
PHUKET: Kata Group Resorts Thailand aims to host up to 2,000 weddings in Phuket over the next three years after forming an alliance with Travel Wedding (Beijing) to exploit the growing market of Chinese honeymooners. The group, which owns seven hotels in Thailand, this month launched a range of wedding and honeymoon products to be exclusively promoted in China to…
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Finance: Watching elections and electronics
PHUKET: October is known for volatility and a stock market pullback just before the US election could still happen. However, over the past several weeks, I have been seeing defensive stocks weaken and growth stocks start to strengthen. There has also been some movement back into IPOs which could be signs of a speculative bull market forming. Aside from the…
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Finance: Profiting from periods of panic
THERE is a good lesson in handling panic that can be learned from recent events in Thailand. The SET index, which is a broad measure of the Thai stock market, went on a pretty wild ride in response to the news regarding the monarchy. If you are not aware of what happened, the chart (right) shows the massive sell-off, only…
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Demand for black clothes soars
PHUKET: The government and private sectors have joined hands to ensure that the demand for black-colored clothing is taken care of in Thailand, including in Phuket. The move came after the government announced that government officials must wear black clothing for an entire year during the official mourning period of HM King Bhumibol Adulyadej. It is recommended, but clearly not…
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Finance: Listen to price rather than opinions
PHUKET: It’s clear that the entire world is focused on the coming US elections as several of my non-US clients have asked me recently what the impact on their investments will be if Donald Trump actually is elected. One worried client even sent me an article from the New Yorker, highlighting the following lines: “The Economist Intelligence Unit, an economic-and-geopolitical-analysis…
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Wicker products a hit with tourists
KRABI: Handmade bamboo and wicker products manufactured by senior citizens have generated much interest from tourists and foreigners in Krabi. The group is now represented under the Krabi One Tambon One Product (OTOP) banner. The project started in 2014 when a team of 14 senior citizens in Khao Kram sub-district decided to learn the craft and manufacture wicker items in…
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Business Buzz: Advent of panoramic photos
PHUKET: While there has been a lot of news in the press recently about Twitter and what is going to happen with the new relaxed 140 character rules, or the Samsung Note 7 exploding with regularity and being banned from all commercial airlines, the interesting news for me is what we can all use to promote our businesses and get…
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Biz leaders make French connection
PHUKET: Phuket’s tourism industry leaders are banking on boosting the number of foreign visitors to the province by about 20 per cent during the year-end high season by attracting more French tourists. Local hoteliers, tour operators and agencies are hopeful of a new influx of French nationals after a string of successful roadshows in Nice, Lyon and Paris, from September…
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Finance: Leading tech stocks emerge
PHUKET: As of mid September, the overall market appeared to be in a volatile choppy transition phase. Some individual stocks are doing well while others are continuing to be punished. Certain indices such as the S&P 500 aren’t exactly performing that well either. However, there are leadership stocks forming, consolidating and blasting higher, with technology stocks doing particularly well. This…
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New venture fills luxury travel niche
PHUKET: Getting from the airport to a hotel in Phuket is probably one of the biggest headaches facing any visitor fresh off a plane. Public transport is limited to just about nothing and taxis have long been notorious to do business with here, so there has been a gap in the market just waiting to be filled – offering tourists…
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Finance: Bullish biotech breaks previous highs
PHUKET: As of early June, the US S&P 500, Nasdaq and the Dow are all at critical turning points because after a two-year long correction, the market is tightly compressed and sitting only a few points from a new all-time high – or making new highs such as with the Dow and S&P500. The big picture is this: The last…
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Local vendors cash in on Pokemon trend
PHUKET: Local vendors at popular Pokemon catching spots in Phuket have experienced a boost in income since the launch of Pokemon GO in Thailand. However, some vendors expect this spike to be short lived. For those who are wondering what Pokemon GO is, it is Nintendo Company’s mobile phone game which marries a classic 20-year-old franchise with augmented reality, and…
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Prime Minister to visit Phuket this month
PHUKET: Prime Minister Gen Prayuth Chan-o-cha is to visit Phuket on September 16 for the regional launch of a new nationwide initiative aimed at helping budding local businesses get off the ground and into the international arena of digital commerce. The Startup Thailand 2016 campaign was launched by the prime minister in Bangkok in April as a joint government and…
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Biz Chat: The significance of ‘price’ in marketing
PHUKET: The second element of the ‘4 Ps’ of marketing is price. Price is what your customer pays you in exchange for goods and services received by them. There are many aspects to this deceptively simple element. In setting your price, you must first decide what is the value of the product or service to the buyer. If you set…
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Finance: Alibaba proves naysayers wrong
PHUKET: It’s not been an easy market for many individual stocks over the last few years. Take the case of Chinese internet and e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) – a stock I have been watching closely since its debut, when a client wanted to buy some shares. Many western investors do not appreciate just how big of…
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