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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Finding healthcare options as an expat in Thailand can feel overwhelming, especially with language barriers and unfamiliar systems. Fortunately, Cigna Global Health offers a range of insurance plans tailored to expats, providing access to top hospitals across the country. Here’s...
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Phuket Business Feature: Hydroponics – a happy medium
PHUKET: Located about a kilometer west of Chao Fah West road, en route to the Big Buddha, the DN hydroponic farm is not the bustling business operation it might at first seem. “I can supply large orders, but this is really just a hobby,” insists Pakdee “Doo” Khruthanang. Ms Pakdee’s primary hat is running her business, West Coast Divers, which…
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Jaguar, Land Rover get new dealership in Phuket
PHUKET: Luxury car importer GB Automobile Co Ltd was recently appointed to be the sole, official authorized dealer for Land Rover and Jaguar cars in Phuket and the rest of Southern Thailand. The official grand opening of the new showroom is set for next month. Meanwhile, GB Auto is undergoing an extensive renovation of their showroom, which is adjacent to…
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AP Superyachts berths new office in Patong
PHUKET: Luxury boating firm Asia Pacific Superyachts (APS) Phuket is growing, reports General Manager Gordon Fernandes. “We’re pleased to announce our headquarters have moved to a brand-new, purpose-built office in preparation for the exciting times ahead as more yachts discover the amazing cruising available in Southeast Asia,” he says. While the new offices offer increased facilities and staff to service…
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Phuket Finance: One rotten apple can spoil the whole barrel
PHUKET: As of the middle of June, the portfolios of many active managers of both mutual funds and hedge funds alike were badly under-performing the benchmark Standard & Poor’s 500 index. In fact, and despite a bull market that had seen the S&P index climb about 16% since the start of the year, over two-thirds of active managers were missing…
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Phuket still on the map at TTM+ 2013
PHUKET: The island is still a top tourist hub in Southeast Asia, with a wide variety of hotels, resorts and hospitality-related businesses representing Phuket at 13th annual Thailand Travel Mart Plus 2013 (TTM+ 2013), held at the IMPACT Exhibition Hall in Bangkok recently. More than 800 delegates arrived from around the region to network with the 420 hospitality related organizations…
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PIMEX 2014 organizer hyped about January date
PHUKET: The next Phuket International Boat Show (PIMEX) is open for business, having been taking bookings since early last month, May 2013. PIMEX 2014 is confirmed to take place between January 9 and 12 at Royal Phuket Marina and remains a permanent fixture in the island’s event calendar as it approaches its 11th year. “After careful analysis of the last…
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PHUKET FINANCE: Don’t let a ‘wall of worry’ cut you off from a bull market
PHUKET: Although the economic numbers coming out of the United States are not exactly impressive, the S&P 500 has been hitting all time highs and at the end of April, was up some 14.5% since the start of the year, while gold, the ultimate investment of market contrarians, plunged the most in 33 years. In other words, the US stock…
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Phuket International Boat Show 2014 sponsorship opportunities
PHUKET: A number of commercial sponsorship and partnership packages are now available for the next Phuket International Boat Show (PIMEX), which will celebrate its eleventh anniversary next January. Sponsorship experts, Paul Poole (South East Asia) Co Ltd, will represent PIMEX 2014 in its drive to attract new sponsors and partners, offering several package tiers (click here for site). Andy Dowden…
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Expose your biz through FC sponsorship
PHUKET: Sponsorship experts Paul Poole (South East Asia) Co Ltd will represent the island’s pro soccer team, Phuket FC, in the club’s drive to find new sponsors for the second half of the 2013 season and beyond. The team is offering three tiers of sponsorship packages as follows: The first tier comprises a Main Shirt Sponsor, which will give the…
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Phuket Finance: Educational arbitrage
PHUKET: I think everyone would agree that a big part of long term financial planning is saving for their children’s university fees, which continue to reach more and more astronomical heights. However, very few people realize there are many ways to greatly reduce these costs without reducing your child’s value on the job market. Arbitrage usually refers to buying a…
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COMMON CENTS: AEC will bring opportunities, threats to Thai, ASEAN citizens
PHUKET: THE ASEAN Economic Community (AEC) to be established in 2015 creates a huge potential for the streamlined flow of labor, goods and services, and investment capital. However, along with this opportunity there are also potential threats which Thailand has to be aware of and address. It is my concern that Thailand is not doing enough to prepare and confront…
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Phuket Finance: Golden rules for investing
PHUKET: Being a successful investor over the long-term is not going to be easy, but if you have been a bad investor in the past, who has lost money investing, chances are it is because you didn’t follow these simple, yet essential rules.Educate yourself about investing Walk into any bookstore and you will likely see several shelves of books covering…
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Phuket Business: Cashing in on Russian relations – Part II
PHUKET: Mr Phisak Nivataphand, the president of the Thai-Russian Chamber of Commerce and advisor for the Russian Studies Center of Chulalongkorn University, was in Phuket recently to give a speech as part of a seminar aimed at promoting Thai-Russian business relations . Organized by Thai-Russian media firm, Expert Media Co Ltd, the seminar was held at the Royal Phuket Marina.…
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Bangkok Hospital Phuket to invest B600mn in facility
PHUKET: Bangkok Hospital Phuket (BHP) has announced that it will invest 600 million baht to open a new hospital on the island by early next year. The site of the as yet unnamed hospital will be on Chao Fah West Road, just opposite the Chao Fa Villa Phuket housing development in Mueang district. Director of Bangkok Hospital Phuket Dr Narongrit…
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Phuket Finance: Currency crisis warning signs
PHUKET: THE strength of the Thai Baht is a major topic of conversation these days, especially since so many Phuket residents are living on a fixed income, denominated and paid in a foreign currency from abroad. We have all been feeling the same pain as the combination of the strong baht and domestic inflation has led to our hard-earned money…
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Cashing in on Thai and Russian relations
PHUKET: Phisak Nivataphand, the president of the Thai-Russian Chamber of Commerce and advisor for the Russian Studies Center of Chulalongkorn University, was recently in Phuket to give a speech to promote Thai-Russian business relations. Organized by Thai-Russian media firm Expert Media Co Ltd, the seminar was held on May 10 at the Royal Phuket Marina. Mr Phisak opened his speech…
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A perfect place for shore leave
PHUKET: Sailing smoothly through its second year of operations, the Krabi River Marina (KRM) recently added a second restaurant to its portfolio – a small yet significant indicator of the continuous growth in Phang Nga Bay’s marine leisure industry. One of the main selling points of the newly opened Terrace pub and restaurant, KRM’s second eatery after the Marina Villa,…
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Phuket firm to co-develop superyacht facility in Bangkok
PHUKET: Island based, Yacht Solutions (YS) has signed a memorandum of understanding with Bangkok’s Italthai Marine (ITM), agreeing to create Thailand’s first dedicated superyacht facility just south of Bangkok. This joint venture brings together Thailand’s largest and most established shipbuilding company, ITM, with one of Thailand’s most reputable and experienced superyacht refit companies, YS. Dubbed ‘Yacht Solutions at Italthai Marine’,…
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Phuket Finance: Dumping your UK domicile
PHUKET: Many British expats are unaware that as long as they remain UK domiciled, their estates will be subject to inheritance tax. Even if you have been living outside of the country for 40 years, it doesn’t mean you automatically have lost your UK domicile. In fact it is a little tricky to shed and this means your estate could…
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Capturing Phuket through Google Glass
PHUKET: By the time the Christmas holidays roll around this year, I’ll have one of the first sets of Google Glass in Thailand. Imagine being able to walk our beautiful beaches here in Phuket and capture the sights, sounds and experiences hands-free. That’s what Google Glass will allow me to do and most people here won’t even realize that my…
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B26mn bid for lucky plates
PHUKET: A little more than 26 million baht (26,013,000) was earned at the 8th annual “Lucky License Plate Action” held recently at the Phuket Merlin Hotel in Phuket Town. This was five million baht short of the initial expectation of 31 million baht, and four million baht less than last year’s auction which raised 30 million baht. This year, a…
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Phuket Italian restaurants make the grade
PHUKET: The Thai-Italian chamber of commerce brought their Ospitalita Italiana project to Phuket recently, awarding five Italian restaurants the ‘Q’ certificate of authenticity. The ‘Q’ for ‘quality’ award judges the restaurants genuinely Italian if they meet 10 criteria concerning the training of their chefs and their use of genuine recipes and Italian products, such as wine and olive oil. Not…
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Phuket to adopt new “4 Ms’ plan to boost tourism
PHUKET: The Thailand Convention and Exhibition Bureau (TCEB) has revived its efforts and moved its attention once again to help promote Phuket as a regional hub for corporate and organizational tourism. A new four-year destination promotion strategy was presented to local, regional and national officials at a seminar on April 26 at the Metropole Hotel in Phuket Town. Entitled “Developing…
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Phuket Business: Small appliances see big growth in SE Asia
PHUKET: The Small Domestic Appliances (SDA) markets in Singapore, Malaysia, Indonesia, Vietnam and Thailand grew by nearly 6% in value over a recent 12-month period, when compared to the same period the previous year. SDA sales in the five markets, tracked from February 2012 to March 2013, had a combined value of more than US$804 million. The survey by GfK,…
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Phuket Business: Replicating your life savings
PHUKET: The new hot sector for technology investors is in the rapidly growing 3D printer business. 3D printing is the process of making a three-dimensional solid object of virtually any shape from a digital model. 3D printers use a 3D CAD (Computer Aided Design) file to create objects using a sequential layering process. This technology is used in jewelry; footwear;…
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Phuket Business: Head of airport expects arrivals to exceed 10.5mn
PHUKET: The director of Phuket International Airport (HKT) expects passenger arrivals to exceed 10.5 million by the end of this year, with related profits expected to be no less than two billion baht. HKT director Prathuang Sorn-kham said that the airport is fully prepared to provide increased conveniences for passengers ahead of the its 5 billion baht expansion project, due…
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Phuket Business: US tax regime – Comply or else…
PHUKET: At a US tax seminar held last month at the Holiday Inn, Patong, by the American Chamber of Commerce (AMCHAM) Phuket Chapter, American income earners and business operators were given a comprehensive update about the US tax regime’s reporting requirements and regulations. Two previous articles about the seminar – published in the Business section of the Phuket Gazette on…
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Phuket MICE city promotion strategy revived
PHUKET: The Thailand Convention and Exhibition Bureau (TCEB) has revived its efforts and moved its attention to once again help promote Phuket as a regional hub for corporate and organizational tourism. A new four-year strategy was presented to local, regional and national officials at a seminar on April 26 at the Metropole Hotel in Phuket Town. Entitled “Developing Phuket as…
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Singaporean investor sniffs out tuna ops in Phuket
PHUKET: An investor from Singapore has expressed interest in expanding Phuket’s Tuna industry through the establishment of a new commercial longline fishing partnership with local operators. Phuket Governor Maitri Inthusut, along with Vice Governor Somkiet Sangkaosut-tirak, last week welcomed the Singapore-based businessman, Yong Juang, who came to the island to discuss investment guidelines, regulations and laws. Mr Yong Juang is…
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Phuket Business: Ideas bounced around at rubber meeting
PHUKET: A three-day rubber industry convention and study-tour event wrapped up in Thalang recently. The meeting/event, dubbed “ASEAN Rubber Day 2013”, brought together industry experts, operators and researchers from Thailand, Malaysia an Indonesia. Organized by the Ministry of Agriculture and Cooperatives, the meeting was part of a private-public collaborative effort to create greater investment opportunities for the rubber industry, as…
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