Business News | The Phuket News

Thai film board approves B845mn to attract foreign films

Wednesday 20 August 2025 10:46 AM

BANGKOK: The Ministry of Culture has announced that the National Film and Video Board has approved an B845 million budget to attract foreign film productions to Thailand, while also introducing new incentives to strengthen the local film and digital content industries.

Holiplanet Real Estate Network – Your Gateway to Phuket’s Premier Properties and Expert Management

Phuket News / Business

Tuesday 19 August 2025 09:27 PM

Holiplanet Real Estate Network stands at the forefront of Thailand’s property market, delivering a comprehensive suite of services that encompass property acquisition, rentals, commercial investments, and professional management. Phuket, celebrated worldwide for its stunning beaches and vibrant nightlife, has solidified its position as a premier real estate destination. Drawing on decades of experience and an extensive portfolio, Holiplanet expertly guides clients through this dynamic market with confidence and ease.

Bitcoin to baht: digital assets sandbox in offing for foreign tourists

Phuket News / Business

Tuesday 19 August 2025 09:56 AM

BANGKOK: The government’s latest initiative allowing foreign tourists to convert digital assets into baht for spending during their time in the country is expected to boost foreign tourist spending by an additional 10%, says Finance Minister Pichai Chunhavajira.

All Thais to be required to file taxes from 2027

Phuket News / Business

Monday 18 August 2025 10:42 AM

BANGKOK: The Ministry of Finance has announced that every Thai citizen will be required to file personal income tax returns starting in 2027 as part of a sweeping reform aimed at creating a fairer and more efficient welfare system under the new ‘Negative Income Tax’ scheme.

Foreign investment application value surges 37% in first half

Phuket News / Business

Sunday 17 August 2025 12:00 PM

BANGKOK: In the first half of this year, 502 foreign investors applied to conduct business in Thailand under the Foreign Business Act (FBA), a 30% increase year-on-year.

Thai tourism momentum weakening

Phuket News / Business

Saturday 16 August 2025 11:30 AM

BANGKOK: Thailand’s tourism business could be slow for the remainder of the year, as the country faces more intense competition from Vietnam and South Korea, which are offering visa exemptions to more markets, say industry executives.

Banks swiftly follow policy rate reduction

Phuket News / Business

Friday 15 August 2025 12:01 PM

BANGKOK: Local banks have responded swiftly to the Bank of Thailand's policy rate cut, reducing their lending interest rates.

Bank of Thailand cuts interest rate to 1.50%

Phuket News / Business

Thursday 14 August 2025 10:11 AM

BANGKOK: The Bank of Thailand believes there is still room for further monetary easing, even after four cuts in its policy interest rate in the past 10 months.

Real estate price war on the horizon

Phuket News / Business

Wednesday 13 August 2025 01:53 PM

BANGKOK: The slowdown in the real estate sector is expected to trigger a price war in the property market and dampen the purchasing power of upper-income homebuyers.

Reform agenda to the fore

Phuket News / Business

Tuesday 12 August 2025 11:00 AM

BANGKOK: Although Thai businesses are relieved the US has reduced its import tariff on Thai goods to 19%, on par with other countries in the region, improving long-term competitiveness remains a challenge for domestic firms, in addition to attracting foreign investment.

Activate AI-Powered Trade Ideas in MetaTrader 5 in Just a Few Clicks

Phuket News / Business

Monday 11 August 2025 06:11 PM

Artificial Intelligence (AI) is redefining the way traders approach the financial markets. In Thailand, where more individuals are turning to online platforms for forex and stock trading, AI is quickly becoming a game changer. Traders are no longer relying only on manual technical analysis or gut feeling. Instead, they're using intelligent systems that identify patterns, generate trade ideas, and optimise entry and exit points.

Phuket’s tourism revenue remains steady

Phuket News / Business

Monday 11 August 2025 11:00 AM

PHUKET: Phuket’s tourism revenue has remained stable through the first seven months of 2025, with strong growth in arrivals from several markets offsetting a decline in Chinese tourists, the Phuket Tourist Association has reported.

Senate pushes for more small hotels to be legally registered

Phuket News / Business

Sunday 10 August 2025 12:30 PM

PHUKET: The Senate is working with Phuket authorities and tourism representatives to ensure as many informal hotels as possible are registered before a key legal deadline on Aug 18.

From a Phuket marina to Megawatts: The Clean Energy Platform Quietly Transforming Thailand

Phuket News / Business

Sunday 10 August 2025 11:00 AM

In a quiet corner of Royal Phuket Marina sits the Thailand head office of a company redefining how clean energy infrastructure is built and financed across Southeast Asia. While most associate Phuket with luxury resorts and tropical ease, New Energy Capital Asia is turning the island into an unlikely command center for serious infrastructure work ‒ built to global standards, backed by institutional capital, and delivering long-term value for both businesses and the planet.

Sansiri preps 29 projects in Phuket under 5-year plan

Phuket News / Business

Saturday 9 August 2025 11:00 AM

BANGKOK: SET-listed developer Sansiri plans to launch 29 residential projects worth B33 billion in Phuket under a five-year plan, driven by new demand from both locals and foreigners.

Thais likely to travel domestically during long weekend

Phuket News / Business

Friday 8 August 2025 12:27 PM

BANGKOK: The four-day Mother's Day holiday this weekend is expected to generate B13 billion from 3.16 million domestic trips, with most tourists preferring to travel within their own provinces and avoid cross-regional journeys to save on costs, according to the Tourism Authority of Thailand (TAT).

Senate approves eased alcohol rules

Phuket News / Business

Wednesday 6 August 2025 09:35 AM

BANGKOK: The Senate has approved the amended Alcohol Control Bill, easing restrictions on alcohol-related communication and offering greater support for local brewers and small-scale producers.

Chinese arrivals may hit 9mn in 2026

Phuket News / Business

Tuesday 5 August 2025 11:00 AM

BANGKOK: Chinese tourist arrivals should rebound to 9 million in 2026, driven by large groups, positive momentum from chartered flights and global business events that reinforce Thailand's image as a safe destination, according to the Association of Thai Travel Agents (Atta).

Thailand does well to secure 19% US tariff, says Prommin

Phuket News / Business

Tuesday 5 August 2025 10:00 AM

BANGKOK: Thailand has headed off a major trade conflict after securing a fair 19% US tariff rate with the deal now headed to parliament for approval, said Prommin Lertsuridej, secretary-general to the prime minister.

Tariff may affect Indian tourism

Phuket News / Business

Monday 4 August 2025 09:09 AM

BANGKOK: After securing solid growth from the Indian tourism market in the last two years while Asian markets stagnated, 2025 is an uncertain year for arrivals from the subcontinent as US tariff rates are expected to have an impact.

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