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.
-
Phuket Hotel Association to be key platform for hotel industry
PHUKET: The erroneous ‘No Summer Dream’ fliers, warning tourists and locals not to bring sun loungers to the beach, is the latest blow for authorities attempting to restore a semblance of order to the island’s tourism industry. One that has left hotel and resort owners, as well as their general managers, scrambling for a response and explanation to give to…
-
Finance: Three pillars of happiness for worry-free golden years
PHUKET: Much of my time is spent with clients figuring out exactly what they want for the future – key to their financial planning goals. Typically it ends with setting aside a certain amount of money each month over a period of time – investing it with a particular objective in mind, or getting clients savings that are sitting in…
-
Travel agency suspected of breaching FBA with nominee
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Travel agency suspected of breaching FBA with nominee The Nation / Phuket Gazette PHUKET: A Bangkok travel firm is suspected of breaching the Foreign Business Act by having a Thai nominee to hold a majority share in the company, according to the Business Development Department. Pongpun…
-
Chinese medical tourists flock to Phuket
PHUKET: For thousands of Chinese tourists who flock to Phuket each year, a visit to the island is more than just a chance to relax in the sun. It’s a chance to access medical procedures and treatments not available in their home country. Many countries around the globe have the same pressing healthcare issues: aging populations, increasing medical costs, collapsing…
-
Finance: If I could be 30 again
PHUKET: In my last column, I wrote about what advice I would give my 20-year-old self, if I could turn back the clock and do it all again. Today, I will focus on a much more recent time frame in my life and discuss what kind of advice I would give to someone who has just turned 30. What are…
-
Video Report: Thousands crowd launch of Laguna Market
PHUKET: More than 4,000 people turned out for the launch of “Laguna Market on First” at Laguna Grove in Cherng Talay on Sunday. The four-hour market generated an estimated 1.2 million baht, as more than 200 local vendors plied their goods. “I am delighted to see that the market attracted both [people from] the local communities and tourists,” said Ravi…
-
Financial outlook for the year ahead
PHUKET: Looking back at 2014, the Standard & Poor’s 500 (S&P 500) posted a solid year. The S&P +11.4%, Dow +7.5% and Russell 2000 +3.5%. The “buy the dip” mentality began to take hold as any small correction saw buyers step in and purchase equities. 2014 SUMMARY• Soaring Treasury bond prices• Collapse in global commodity prices (oil)• MH17 airline crash,…
-
Phuket’s shining light in the shade business
PHUKET: Local Phuket startup Window Design and Awnings Co Ltd, which has rapidly made a name for itself since its founding in 2009, is now looking to expand beyond the Kingdom’s borders. People may have noticed the white curved fabrics spread out over the walkways at Boat Lagoon, but the majority of the company’s clients are four, five and six-star…
-
Lighthouse Market beacon of light for Boat Lagoon Marina Village
PHUKET: Aiming to appeal to a wider audience and expand its market reach, Phuket’s Boat Lagoon Marina is launching the Lighthouse Market. “We don’t want to focus on one target group or one nationality. This is a market for everyone who enjoys quality – both expats and local Thais,” explained Kanittha Prasopsirikul from By Kanittha, the company behind the new…
-
Finance: Five bad investments to avoid
PHUKET: While there are good investments that can turn into bad investments along with bad investments that can eventually turn into good investments, there are some that are generally always bad for investors. With that in mind, the following investments are ones you should either avoid or limit your exposure to: 1) Your employer’s stock: Legendary fund manager Peter Lynch…
-
Strategies for survival: Responding to the Russian tourist crunch
PHUKET: There was much talk last year of the protests in Bangkok and the ensuing coup striking at the heart of Phuket’s tourism and hospitality industries, with many key tourism figures on the island fearing the worst. Yet, it turns out, that while the island has survived the political turmoil in the country’s capital relatively unscathed, it is events unfolding…
-
Challenge of importing the food Phuket loves
PHUKET: What is the first thing most expats start to miss from their home country? Family? Maybe for some, but for most it’s food. Luckily, the days when all you could eat in Thailand was the local cuisine are gone. Today, buying a piece of Dutch cheese, a few slices of Italian ham or some French paté is as easy…
-
Finance: The perfect investment for retirees
PHUKET: The headlines for the past few weeks have not been pleasant. Stocks have been dropping, oil crashed and if that wasn’t bad enough we had the Ebola crisis. When news like this hits, some people want to run and hide, but I look at it as an opportunity to put money to work. I never invest 100% of my…
-
NMG executives brief NRC panel on takeover risk
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community NMG executives brief NRC panel on takeover risk The Nation / Phuket Gazette PHUKET: Top executives of Nation Multimedia Group (NMG), which includes The Nation newspaper, met yesterday with the Media Reform Committee of the National Reform Council (NRC) to express concern over a possible hostile…
-
Phuket’s Boat Lagoon rebrands, sets sail for lifestyle destination
PHUKET: Do you know why the iPod succeeded? After all, it’s just another MP3 player. Yet it’s so much more than that: a fashion accessory, an icon of a certain lifestyle, a symbol of fun and, of course, a music player. It looks beyond the obvious and expands the concept that leads to such a hit. Here in Phuket, it’s…
-
Laguna Phuket cleans up in dirty laundry trade
PHUKET: Part of the pleasure of holidaying in a good hotel is that you don’t have to do your own laundry. Yetsomeone has to do it for you and for all the other guests. Can you just imagine what a gigantic pile of dirty clothes all the resorts in Phuket generate? But where some see nothing but a lot of…
-
In Phuket aviation business, the sky is not the limit
PHUKET: Do what you love and make money doing it – how’s that for a business plan? That is exactly what Sky Club Asia co-owners Mark Silverberg and Paul Derstoff did when they turned their passion into a prospering business. Did their leap of faith pay off? One of the things that Mark Silverberg brought with him when he moved…
-
Phuket Finance: An expat’s guide to the inevitable
PHUKET: It’s natural to experience culture shock as an expat, but the real shock comes when expats consider just how complicated proper investment or financial planning becomes after they expatriate from their home countries. Here are some of the key areas expats will need to have a plan for and likely consult with knowledgeable experts about. EXCHANGE RATE AND REMITTANCE…
-
New Editor-in-chief to guide Phuket Gazette multi-media development
PHUKET: The Phuket Gazette is pleased to announce the recent promotion of Isaac Stone Simonelli to the position of Editor-in-chief. Having spent his years at the Gazette in various roles, including PGTV news presenter, news editor and then Managing Editor (story here), Mr Simonelli is well versed in the major local, national and international issues that affect Phuket people most.…
-
Illuzion show and discotheque to transform Phuket’s nightlife
PHUKET: To help tour operators capitalize on the changing demographics of clients on Phuket’s famed Soi Bangla, which has piqued the curiosity of families and tour groups over the past few years, Patong Dine & Show brings the party street Southeast Asia’s first combined interactive Vegas-style show and discotheque – Illuzion. With a 4-million-baht sound system, a 70sqm LED screen…
-
Phuket Finance: Avoid offshore workers’ retirement-plan pitfalls
PHUKET: Thailand hosts a sizable population of offshore oil workers. They are unlike the majority of investment clients found here. Most clients are retired and their portfolios are being managed for income and capital preservation. However, offshore oil workers have the advantage of being able to live in Thailand and also bring in a very nice income. In 1993, I…
-
Honda battles market slump with Phuket launch of HR-V
PHUKET: The Thai automobile market may have headed downhill by more than 30 per cent this year, but Honda is in gear to make up lost ground with the launch of its latest HR-V model. The company trimmed sales forecasts at the end of last year as the slump in Thailand’s market took hold and Honda’s deliveries plunged in the…
-
The global habit of printing more currency to alleviate debt pressure
PHUKET: Just as it seems that the United States’ money printing program is finally ending, other major players are taking steps to continue pumping money into the global economy. The prevailing theory for central bankers around the globe seems to include avoiding the less desirable part of the business cycle, which has been around throughout history, at all costs. What…
-
Comprehensive worldwide survey examines the expat experience
PHUKET: Online expatriate networking site InterNations recently released its first Expat Insider report, which provides insight into the experience of those who choose to live, retire or work abroad. The report is an agglomeration of survey results from about 14,000 respondents representing 165 nationalities residing in 169 countries. The questionnaire focuses on the traits of a host country, including quality…
-
What to do when interest rates rise
PHUKET: IT IS widely believed that history does indeed repeat itself. What was true in the past is most likely to be true today and in the future. Sure, the events and names of companies change, but general economic principles will apply. When it comes to investing, one of the most important things for investors to understand is long-term interest…
-
Phuket finance: Staying the course
PHUKET: Retirees have really been given a raw deal by the global financial system ever since the big banks created the mess that led to the financial crisis in 2008. Since then, the banks have been bailed out and the economy has been on life support, at the expense of those trying to live on the fixed income they worked…
-
Uber taps Phuket taxi cash flow
PHUKET: Until the National Council for Peace and Order (NCPO) made historic efforts to sweep Phuket clear of local taxi mafias that had long tainted the island’s international reputation, there were rarely rays of hope for the island’s public transportation system. However, this week, another major player has stepped up to provide the millions of tourists that holiday in Phuket,…
-
Seedlings project offers opportunities to underprivileged Phuket youth
PHUKET: The Banyan Tree’s Seedlings program has finally sprouted in Phuket, with 15 underprivileged local youths receiving skills training to take into the workplace. The Banyan Tree launched the group-wide corporate social responsibility (CSR) initiative in 2007 as a way to “support enhanced long-term prosperity within communities”. “Creating a giving culture is more than just giving money, it’s about giving…
-
With a fascinating past, the future looks great for Phuket’s own coffee brand
PHUKET: It has been 56 years since Cheng Long opened his Hock Hoe Lee coffee store in Phuket Town – and according to Ruengrit “Oh” Petchvorakul, husband to Cheng Long’s granddaughter and today co-owner of the Hock Hoe Lee brand, the beginnings weren’t that difficult. “All you had to do was to sell good coffee. There wasn’t much competition and…
-
Phuket’s marine tourism on AMCHAM agenda [video]
PHUKET: The American Chamber of Commerce (AMCHAM) in Thailand has organized a special forum event focusing on the future of Phuket’s marine tourism industry to be held on November 21. Phuket risks great harm to its reputation as an international tourist destination if a dolphin park is allowed to open here, explained dolphin-rights activist Ric O’Barry in an exclusive interview…
![Phuket’s marine tourism on AMCHAM agenda [video] | Thaiger](https://thethaiger.com/wp-content/uploads/2017/08/7_201411610416421_RDySKTDdrmKAhWDWCxiicmtHWbwMZlzELlhwOiVq_jpeg.jpeg)
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.