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Khao Lak rooms boom slows

The number of hotel units in Khao Lak has soared in the past two years, reports Bill Barnett of consultancy C9 Hotelworks.

Latest Phuket News » Business

TTM aims at niche tourism

The Tourism Authority of Thailand (TAT) says this it welcome reception at this year’s Thailand Travel Mart (TTM) from June 5 to 7 will honour foreign travel-related professionals who have supported Thailand’s tourism.

Phuket's View selling well

PHUKET: Sales are going well at The View, a 53-unit apartment development overlooking Kata, Kata Noi and Karon Beaches.

Dusit opens in Abu Dhabi

The Dusit Thani Abu Dhabi, designed primarily for the business and conference traveller, opened on May 1.

‘Bigger and better’ Pimex returns

Phuket News / Business

Monday 12 March 2012, 03:28PM

PHUKET: The ninth Phuket International Boat Show (Pimex) takes place from March 29 to April 1 at the same venue as last year, the Royal Phuket Marina.

AirAsia plans to list Thai unit in second quarter

Phuket News / Business

Monday 12 March 2012, 09:27AM

Malaysia-based AirAsia, Asia's biggest budget air carrier, hopes to raise up to $200 million by listing its Thai unit by the second quarter of this year, a company official said Thursday.

Apple unveils new iPad, Apple TV box

Phuket News / Business

Thursday 8 March 2012, 01:06PM

Apple unveiled a third-generation iPad on Wednesday enhanced with features aimed at keeping it on top of the booming tablet computer market.

SingTel to buy US firm to boost mobile ad business

Phuket News / Business

Monday 5 March 2012, 05:24PM

Singapore Telecom said Monday that it will buy US mobile advertising start-up Amobee for $321 million to expand group revenues from ads and marketing across Asia.

Phanason sells B280m on first day

Phuket News / Business

Friday 2 March 2012, 04:11PM

PHUKET: Low-end property developments in Phuket continue to sell like hot cakes, with Phanason Garden Home, next to Tesco-Lotus in Thalang, taking deposits on homes valued at B280 million on February 9.

Poor response to home loan scheme

Phuket News / Business

Friday 2 March 2012, 04:10PM

The Government Housing Bank (GHB) is to discuss the government’s first-home loan scheme with the Finance Ministry after the scheme failed to attract the expected numbers of people buying their first home.

Phuket tourism swindlers in the cross-hairs

Phuket News / Business

Friday 2 March 2012, 04:10PM

Foreign diplomats were scheduled to meet the Minister of Tourism and Sports, Chumpol Silpa-archa, today (March 2), to discuss ways to crack down on tourist swindles, mainly in Phuket.

Half of Sansiri project sells in 10 days

Phuket News / Business

Friday 2 March 2012, 04:08PM

Thai property giant Sansiri continues its seemingly irresistible success in Phuket, announcing this week that it took deposits on more than 120 houses in its latest project, Habitia, in the 10 days from February 17 to 27.

India rules out bailout of Kingfisher

Phuket News / Business

Friday 2 March 2012, 04:05PM

India’s Civil Aviation Minister has ruled out a government bailout of Kingfisher Airlines as the cash-strapped carrier submitted a new flight schedule after a week of cancellations and stranded passengers.

High price sees Thai rice exports fall by half

Phuket News / Business

Friday 2 March 2012, 04:01PM

The harvest of rice around the world in 2011-2012 should hit a new record of 721 million tonnes, a rise of 3 per cent from the previous year, and lead to lower prices, the UN’s Food and Agricultural Organisation (FAO) said Wednesday.

Ex-Thai PM eyes economic rebound after floods

Phuket News / Business

Friday 2 March 2012, 03:22PM

Former Thai prime minister Abhisit Vejjajiva said Friday he expects the kingdom's economy to rebound in the first quarter of 2012 as firms increase output following last year's devastating floods.

Phuket law firm closes

Phuket News / Business

Thursday 1 March 2012, 11:06AM

PHUKET: Phuket law firm Tilleke & Gibbins Phuket (T&G) has announced it is closing its Phuket office today (February 29).

Flood-hit Japanese firms may quit Thailand: survey

Phuket News / Business

Wednesday 29 February 2012, 02:20PM

Almost one in 10 Japanese manufacturers with operations in Thailand plans to relocate out of the kingdom after last year's devastating floods, a survey showed Wednesday.

Groupon launching in Thailand

Phuket News / Business

Tuesday 28 February 2012, 08:42AM

Groupon announced Monday it was launching in Thailand, the 47th country for the daily deals site outside the United States.

New house prices ‘likely to increase in mid-year’

Phuket News / Business

Thursday 23 February 2012, 11:03AM

The President of the Thai Housing Business Association, Issara Boonyoung, has predicted that house prices will be “adjusted upwards” in mid-year, because of higher material and labour costs.

Asia-Pacific ‘to buy 9,370 aircraft in next 20 years’

Phuket News / Business

Thursday 23 February 2012, 10:58AM

According to the latest market forecast by Airbus, airlines in the Asia Pacific region will take delivery of around 9,370 new aircraft over the next 20 years.

Thailand placed on grey list for money laundering

Phuket News / Business

Thursday 23 February 2012, 10:47AM

The Bank of Thailand (BoT) has downplayed the potential adverse impact on local financial institutions after the country was put on the “grey” list last week by the Paris-based Financial Action Task Force on Money Laundering (FATF), an inter-governmental body that campaigns against money laundering and terrorist financing.

Gold ‘to top $2k per oz’

Phuket News / Business

Thursday 23 February 2012, 10:42AM

Major Thai gold trading firm YLG Bullion expects the global gold price to top US$2,000 (B60,000) an ounce soon, causing the domestic retail price to hit B30,000 per baht-weight.

Electricity prices may rise in May

Phuket News / Business

Thursday 23 February 2012, 10:41AM

The independent Energy Regulatory Commission of Thailand (ERC) wants to increase electricity prices for May-August, citing the rising price of natural gas, which fuels 70 per cent of Thailand’s power stations.

China now top source of tourists

Phuket News / Business

Thursday 23 February 2012, 10:39AM

Thailand’s tourism scored a growth of more than seven per cent during the first month of the year, despite terror threats and the aftermath of the floods late last year.

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