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...
-
Phuket Business: Football Club sales steady
PHUKET: Business was steady for Phuket FC during the first half of the 2012 season, with the club’s accounts revealing nearly a million baht in revenue. Accounts for the 18-team Thai Yamaha One soccer league (Division 1), recently released by league’s mother company, Sponsor Thai Premiere League, show that Phuket FC generated a gross revenue of 976,830 baht from March…
-
Phuket Business: India, Vietnam rice exports to surpass Thailand in 2012
PHUKET: A Thai trade researcher has concurred with a recent prediction by the United States Department of Agriculture (USDA) that India and Vietnam will export more rice than Thailand this year. Thanawan Phonwichai, the Director of the Business and Economics Forecasting Center at the Thai Chamber of Commerce University said that Thailand is expected to lose its crown as the…
-
Boonthaworn Phuket showroom to open by October 1
PHUKET: After years of delay, Bangkok-based construction materials retailer Boonthavorn is moving forward with its plans to enter the Phuket market with the opening of a “mini-showroom”.The new facility will be located between Songkhla and Yaowarat roads, near the Tesco-Lotus junction in Rassada.Speaking to the Gazette at the project site, Boonthavorn architect Jiravut Kararun said the company is currently renovating…
-
Phuket Business: New trade surplus high; FDI jumps 66%; Foreign shares to be scrutinized
PHUKET: Three-quarters of the way into the government’s current fiscal year, international trade in Phuket is thriving, with this year’s trade surplus already surpassing last year’s record high. Phuket Customs House’ records through June 30 show that the value of exports in the 2012 government fiscal year (October 1, 2011 to September 30, 2012) is now at 12.06 billion baht…
-
Phuket hotel investments surge in 2012
PHUKET: Jones Lang LaSalle Hotels is predicting that Phuket will be one of Asia Pacific’s hotel investment hot spots in 2012, following record sales in the first half of the year. Investment in the hotel property sector in Phuket is expected to exceed 10 billion baht (US$315m) for the full year for first time ever in 2012. Mike Batchelor, Managing…
-
Phuket Investor: The alternative gold rush
PHUKET: With all the economic strife the world has seen over the past 12 months, I feel as if I’ve turned into a portrayer of doom. So, I’m taking the doom gloves off and jumping on the feel good train, which seems to have hit the European markets this last couple of weeks. I’m not saying that the problems have…
-
Phuket needs “facelift’ before ASEAN Community 2015
PHUKET: Officials took another look at necessary island developments during a Phuket Tourism Association (PTA) seminar Friday, as Phuket prepares to enter the ASEAN Economic Community (AEC) 2015. “This is the third seminar that [the PTA] has held on this topic, because we understand the importance of ‘creative tourism’ and the necessity of applying it to Phuket in preparation for…
-
Phuket Business: Risk on, risk off
PHUKET: There has been an increasing amount of correlation in the markets ever since the increased use of computers and algorithms. This has caused a lot of trouble with conventional diversification methods, and when markets get reactive to political tensions as they have been recently, it is common to see things moving in tandem across assets classes as developments are…
-
‘Creative Tourism’ seminar in Phuket next week
PHUKET: In preparation for the measures of the Asean Economic Community (AEC) set to take effect in less than three years, the Phuket Tourist Association (PTA) will host a seminar on Friday, July 20 to promote sustainable tourism under the concept of “creative tourism”. Among the distinguished guests invited to speak are former Bangkok Governor and current Democrat Party deputy…
-
Phuket Business: Sunken Deep Sea Port upgrade project resurfaces at meeting
PHUKET: Transport Minister Charupong Ruangsuwanm has told a consortium of Phuket officials and the operator of Phuket’s Deep Sea Port that he will raise the problem of the stalled 100-million-baht plan to develop the facility with Cabinet.However, Mr Charupong said the project must clearly provide benefits for local people if the plan is to go ahead.Mr Charupong was in Phuket…
-
Phuket Business: Notice and redemption periods
PHUKET: One thing many investors don’t understand when looking at a fund fact sheet, is how long it will take to get their cash back when they sell. There are generally two pieces of information you’re looking for: one is the notice period and the other is the redemption period. These two things, in addition to a third factor –…
-
Phuket Business: Migrant workers regulations; AirAsia move; Prefab construction
PHUKET: Employers in Phuket have been allotted additional time, until December 14, to have their Burmese, Laotian and Cambodian migrant workers complete the nationality verification process so they can be legally registered to work in Thailand. Phuket Vice Governor Sommai Prijasilpa explained the news to employers and their representatives at a meeting on June 20 organized by the Phuket Provincial…
-
Phuket Business: Boating industry shows signs of recovery
PHUKET: The yachting sector is showing signs of recovery following a three-year-period of stunted growth and sluggish sales brought on by global economic turmoil, a local industry expert has observed. “Despite what some figures indicate (see ‘Customs: more pleasure floating in’ below), it seems to me that our strongest years in terms of sales were from 2006 to 2008,” says…
-
Phuket Business: Vespa dealer to kick-start sales
PHUKET: Drago Andaman Company, Phuket’s first and only authorized Vespa dealership, reported the sale of over 200 brand new scooters in 2011, the firm’s inaugural year of operation. “This year our sales target is 300,” showroom Manager Supamat Thammakoranont told the Gazette. The annual sales goal increase of 50% has already faced some bumps along the road, she admits. “Up…
-
Myanmar to lure Mice to Phuket
PHUKET: The emergence of the ASEAN Economic Community (AEC) and the opening-up of neighboring Burma will generate more high-yield visitors for Phuket and Thailand in general, delegates attending a recent tourism industry conference were told. Emerging opportunities, as well as accompanying challenges, were the primary topics of discussion at the first Thailand MICE International Forum (TMIF) held in Bangkok on…
-
Phuket Business: Why Facebook was never a sure thing
PHUKET: Personally speaking, I have never been one to jump on the Facebook band wagon. I just do not get the whole ‘let the world know what you are doing on an hourly basis’ scenario. Don’t get me wrong, this is a very useful application when, like ourselves, we enjoy the sun-soaked shores and we want to keep in touch…
-
Phuket Business: CPI rise slows down; Rice stocks pile high
PHUKET: THOUGH the cost of living in Thailand continues to rise, the rate of increase over the past three months has slowed, Consumer Price Index (CPI) figures indicate.Compiled and released by the Ministry of Commerce (MoC), the CPI national average nudged up 0.45 points to 115.23 in last month, a month-on-month increase of 0.39%.Calculated by comparing current average prices of…
-
Phuket Business: Trade booming
PHUKET: Two-thirds of the way into the government’s current fiscal year, international trade in Phuket is thriving, with the value of both imports and exports looking likely to surpass last year’s record-high performance. Phuket Customs’ records through to May 31 show that the value of exports in 2012 (October 1, 2011 to September 30, 2012) is now at 11.11bn baht…
-
Phuket inks rice deal with Maha Sarakham
PHUKET: Trade representatives from Phuket and Maha Sarakham have entered into bilateral negotiations centered primarily on the supply of scented jasmine rice from the Northeastern Thai province. Marking the start of a promising commercial alliance, the development was highlighted by the signing of a trade memorandum at the Pearl Hotel in Phuket Town on Tuesday. The general terms of the…
-
Phuket business: Thailand-UK trade steady; London Olympics to give Thai food exports a boost
PHUKET: After a moving ceremony handing out IB diplomas to graduating students at the British International school, HE Ambassador Asif Ahmad took time to speak with the Phuket Gazette about the strong links between the two countries. HE Asif Ahmad was made Ambassador to Thailand in late 2010 but had traveled frequently to the Kingdom, first as Director- Asia for…
-
Phuket business: Smart phone sales soar in Q1
PHUKET: Thailand’s rapidly expanding smartphone market recorded nearly 70% growth in the first quarter of this year, according to GfK research group’s retail audit findings, which compare quarter on quarter revenue performances. Heightened consumer demand has brought about a surge in sales volume of over 80%, reaching 758,000 smartphones sold in the first three months of 2012 (Q1). Consumers in…
-
Phuket business: Greece primed to exit the Euro
PHUKET: It is fair to say that recently the world’s markets have been as unstable as a new born baby trying to stand on its own two feet! With the financial woes of the European markets, the rest of the world has been dragged down by a seemingly constant torrent of poor European economic news. We have a new French…
-
Phuket business: Door slams shut on Guernsey
PHUKET: In a move that shocked the entire UK pension transfers industry, British tax authorities have halted future transfers to Guernsey. Apparently this action has been taken as an insult. Indeed, the providers in Guernsey have been held to a different standard than other jurisdictions such as the Isle of Man, Gibraltar, or Malta. The good news is, that safe,…
-
Phuket business: Unplanned losses recovered
PHUKET: I very often come across a syndrome I refer to as “investor paralysis”. Basically this is where a poor investment is made, the value drops suddenly, and now you are too afraid to make any decision at all for fear of making another mistake, possibly a bigger one. Rather than putting yourself in that position, you are in fact…
-
Bangkok Hospital Phuket celebrates 17 years
PHUKET: Bangkok Hospital Phuket today launched a two-week health fair to mark the facility’s 17th anniversary. During the fair, which runs until June 3, the hospital is offering special discounts on a range of patient services, including checkups and cancer checks, said Hospital Director Dr Narongrit Havarungsi. “We are also offering special prices on physio-therapy equipment and other recovery items,…
-
New Etihad Phuket airlink opens gateway to Europe
PHUKET: The new weekly direct flights between Phuket and Abu Dhabi, and on to Germany, launched last month by United Arab Emirates (UAE) national carrier Etihad Airways have transformed the UAE into a portal for European tourists traveling to and from Phuket and the rest of Asia. The new service was launched on April 15 after Etihad inked a cooperation…
-
Phuket business: What does the UK budget mean for British expats?
It’s that time again when George Osborne tries to tighten the purse strings for the UK economy and cut down the huge debt levels the youth of today have inherited from poor decision making and fiscal policies of the past. Inconsequential it may well be to certain socio-economic brackets with Mr Osborne’s large outstretched arm unable to ruffle their financial…
-
PHUKET BUSINESS: Artificial reefs key to mass tourism dive industry
PHUKET: In the tourism game creating memories is everything, explains the Head of Development at Reef Worlds, Dave Taylor. “If you can create a tourism memory then you have won your game. You have won everything, because that’s a memory that never leaves a potential client, and they always come back to it,” Taylor told the Phuket Gazette in an…
-
Phuket Business: ThaiVisa penetrates neighboring markets
PHUKET: ThaiVisa.com, the leading English-language social networking website about Thailand, is expanding its operations to Myanmar and Cambodia.“We have carefully studied internet traffic trends and we see a sharp rise in search traffic and interest about our neighbor Myanmar,” said Barry Main, marketing director of Bangkok-based ThaiVisa Expat Group Co Ltd.“We believe it’s pretty easy for us to get a…
-
Community Enterprise Phuket street market under way
PHUKET: A three-day street market featuring items produced under the Ministry of Agriculture’s “Small and Micro Community Enterprise” (SMCE) program will taking place in Phuket Town started at 2:30pm today. Kanda Pantong of the Department of Agricultural Extension, Phuket Office (DOAE-Phuket) in Phuket Town told the Phuket Gazette yesterday that the street market would start with an address by Phuket…
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.