BANGKOK: The Central Group of Companies, Thailand’s biggest retail conglomerate, plans to spend B1 billion to build its first outdoor lifestyle mall in the Bang Tao area of Phuket next year. Lertvit Pumipitak, the group’s senior executive vice-president of corporate business development, said the company will start to develop Porto
What marketing works that doesn’t cost years of your life or thousands of dollars? How much would you pay for 1,000 new ‘targeted people’ to come to your website each month? What return on investment would you expect from it? Maybe 3-5% of these 1000 new visitors clicking your ‘Contact
A rising number of direct flights from mainland China is helping the Thai island of Koh Samui fill the gaps in its traditionally seasonal tourism sector, a new report has found. According to the latest Samui Hotel Market Update from C9 Hotelworks, both direct flights to the island and new
A court ruling on Airbnb in Hua Hin was meant to weaken sentiment among condo buyers who buy units to rent out on a daily basis. Yet the data shows the number of daily-leasing units continues to rise. Apichart Chutrakul, chief executive of SET-listed Sansiri Plc which has developed a
PHUKET: Local residents will be able to get on board Phuket’s light-rail by 2023, a top official behind the project has assured. Niran Kaetkeaw, the Director of the Regional Bureau of Transportation and Traffic Promotion, Office of Transport and Traffic Policy and planning (OTP), said on Friday (Oct 26) that
We no longer live in a world where male entrepreneurs dominate. The scenario has changed. There are countless examples of women entrepreneurs making it BIG in their industry. From Arianna Huffington to Kiran Mazumdar-Shaw, we have seen the rise of female entrepreneurs who have reached the pinnacle success. “Want to become
Abstract: Amenities specified by hotel companies’ brand standards can become a point of contention between hotel owners and brand managers. At issue for the owner is whether offering a particular amenity justifies the expense, while brand managers are typically more concerned with maintaining consistent brand standards systemwide. This report provides
Asian cities lorded over the Economist Intelligence Unit’s Worldwide Cost of Living report, out last week. Names from the continent dominated both lists of the costliest and most affordable places to live in the world, per the report’s Cost of Living Index. Five of the world’s top six expensive cities
PHUKET: The Chief of the Phuket Immigration Office, Col Kathathorn Kumthieng, has confirmed that all foreigners registered as living in Phuket must re-report their address to immigration after being registered as staying in a hotel within Thailand, even for just one night. The confirmation follows complaints from long-term expats that
Our 2017 annual letter is addressed to our dear friend Warren Buffett, who in 2006 donated the bulk of his fortune to our foundation to fight disease and reduce inequity. A few months ago, Warren asked us to reflect on what impact his gift has had on the world. What
A land trust is a pass-through entity that becomes the owner of a specific property. For this exercise we will only discuss the ownership of real property, specifically real estate. These documents are much hated by Realtors, lawyers, lenders and municipal governments to mention a few, but loved by real
A raft of unprecedented benefits in store for lessees Thailand is bracing for the passage of the leasehold draft bill that is expected to entice more foreign lessees to the property market, according to the Bangkok Post. The Council of State is due to vet the leasehold bill after public hearings
Bangkok, Thailand (CNN) A Thai political party has nominated the King’s sister as its candidate for prime minister in March elections — an unprecedented move that could upend the political landscape and give the revered monarchy an overt role in politics. Bangkok, Thailand (CNN) Thailand’s king has strongly criticized his sister’s
As the advance of transit systems gives rise to suburban bed towns in Southeast Asia, real state developers are quickly seizing the opportunity to supply homes to the emerging ranks of residents who commute to city centers. Near the Chatuchak subway stop about 10km north of central Bangkok, real-estate developer
It’s clear that first time buyers have very much re-established themselves as a core part of the property market since the recovery started post the credit crunch. The Halifax data clearly shows that FTBs (rightly) decided to rent/stay at home rather than buy during the recession, saving them from potential
BOI-efficient tax structuring The Thailand Board of Investment is the governmental agency to promote foreign direct investments in Thailand. Key benefits of a BOI promotion are (i) the Foreign Business License to do business in Thailand with up to 100% foreign shareholders, (ii) the right to acquire legal ownership in
Developers from across the island hope to achieve both local and national recognition as the finest in their categories Key members of the Phuket press gathered last night at the Angsara Laguna Phuket for an exclusive media briefing in advance of the 13th annual PropertyGuru Thailand Property Awards 2018. Addressing
For several years now, commentators – particularly in the business community – have opined that Thailand is in need of a significant infrastructure upgrade such as its mass transportation, road and railways systems. Investment in state infrastructure projects may pay off better for some, depending on the understanding of what
Tourists and foreign residents’ personal security, safety, beach tourism sustainability, jet-skis, taxis and tuk-tuks were all highlighted as ongoing issues of concern by five European ambassadors in talks with Phuket Governor Chamroen Tipayapongtada. The high-powered ambassadorial delegation comprised Mark Kent of the UK; Brendan Rogers of Ireland; Philip Calvert of
GUANGZHAO: China and Thailand are reported to have inked a memorandum of understanding on the construction of a canal that would cut through peninsular Thailand, linking the South China Sea with the Andaman Sea. Once completed, the ‘Kra Canal’ would offer an alternative sea link between Asia with the Middle
As Japan investment is shifting to services, information technology and trading, which require less capital, Chinese investments are targeting heavy industries, thus surpassing Japanese input in Thailand for the first time. Chinese investments in Thailand for the past eight months have surpassed Japanese Investments for the first time in history
If your retirement dreams include a beautiful climate, new cultural experiences, access to affordable healthcare and a lower cost of living, you may be thinking about retiring abroad. One destination popular with retirees is Thailand, a small country in southern Asia known for its natural beauty, pristine beaches, exotic cuisine,
Over the past few years, many experts have been warning of a crisis heading our way. More specifically, the concerns have centered on the inevitable collapse of the U.S. dollar. One of these individuals is former Congressman Ron Paul, who has stated that he believes the U.S. financial system is
Thailand and Japan agreed on Saturday to develop the Dawei special economic zone in Myanmar and two train lines in Thailand including a high-speed train linking Bangkok and Chiang Mai. The agreement was reached in talks between Japanese Prime Minister Shinzo Abe and Prime Minister Prayut Chan-o-cha on the sidelines