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Phuket News
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Pundits see further rate cuts this year
Phuket News
/
Business
Saturday 2 August 2025 11:00 AM
BANGKOK: The Bank of Thailand (BoT) has room to cut the interest rate more than once for the remainder of this year to shore up the economy if the US tariff on Thai goods is not competitive with regional peers, say pundits.
Thailand welcomes 19% US tariff as ‘major success’
Phuket News
/
Business
Friday 1 August 2025 09:24 AM
BANGKOK: Thailand on Friday (Aug 1) welcomed the 19% trade tariff imposed by US President Donald Trump as a “major success”, a government spokesman said, averting a threatened levy of 36%.
‘Phuket Harmony’ fair unites 300 SMEs
Phuket News
/
Business
Friday 1 August 2025 09:01 AM
PHUKET: More than 300 small- and medium-sized enterprises gathered at Saphan Hin yesterday (July 31) for the grand opening of the ‘Phuket Harmony SMEs Fair’, a four-day event aimed at boosting the local economy through sustainable business, tourism and innovation.
Thailand expects US tariff details ‘within 24 hours’
Phuket News
/
Business
Thursday 31 July 2025 12:35 PM
BANGKOK: Thailand expects to learn details of new US import tariffs ‘within 24 hours’, Finance Minister Pichai Chunhavajira said on Thursday morning (July 31).
More tourism stimulus possible
Phuket News
/
Business
Tuesday 29 July 2025 12:55 PM
BANGKOK: The Finance Ministry may consider implementing tax measures to stimulate tourism during the low season, says Deputy Finance Minister Julapun Amornvivat.
Tourism confidence dives
Phuket News
/
Business
Saturday 26 July 2025 10:30 AM
BANGKOK: The tourism confidence index in the second quarter plunged year-on-year, as tourism contracted since the beginning of the year due to safety concerns and cautious tourism spending following the US's decision to implement a reciprocal tariff policy, according to the Tourism Council of Thailand (TCT).
Baht falls from highest since 2022 on conflict with Cambodia
Phuket News
/
Business
Friday 25 July 2025 11:28 AM
BANGKOK: Thailand’s baht fell after touching the highest in more than three years on the escalating conflict with its neighbour Cambodia.
SET approves THAI’s return to trading
Phuket News
/
Business
Thursday 24 July 2025 12:07 PM
BANGKOK: The Stock Exchange of Thailand (SET) has approved the reinstatement of Thai Airways International Plc (THAI) on the main trading board from Aug 4, following a long debt restructuring process.
Russian arrivals to top last year's figure
Phuket News
/
Business
Wednesday 23 July 2025 10:51 AM
BANGKOK: Despite US sanctions and intense tourism competition, the Russian market this year is expected to exceed the 1.74 million visitors recorded in 2024, according to the Tourism Authority of Thailand (TAT).
TAT seeks B2.8trn income next year
Phuket News
/
Business
Tuesday 22 July 2025 11:06 AM
BANGKOK: The Tourism Authority of Thailand (TAT) is targeting B2.8 trillion revenue next year and aims to be among the top 10 countries worldwide when it comes to generating the largest amount of tourism revenue.
From Sleepy Villages to Phuket Property Hotspots: How Nai Harn and Rawai Have Transformed Over the Past 20 Years
Phuket News
/
Business
Tuesday 22 July 2025 08:26 AM
It’s hard to believe that just two decades ago, Nai Harn and Rawai were little more than quiet, local fishing villages with sleepy streets and barely a whisper of tourist activity. Today, they stand as two of the most desirable destinations in Phuket, not just for visitors, but also for foreign property buyers looking to invest or settle down on the island.
Phuket hotels go green in hunt for gold
Phuket News
/
Business
Monday 21 July 2025 12:05 PM
BANGKOK: Thai tourism is embracing sustainability as a core selling point for travellers, as the industry seeks to ensure its survival in a marketplace where such practices have become the ‘new normal’.
K-Research puts GDP growth at 1.2%
Phuket News
/
Business
Sunday 20 July 2025 11:00 AM
BANGKOK: GDP growth this year could be as low as 1.2% or even less if the government fails to clinch a deal with the US that ensures the reciprocal tariff is competitive with those granted to neighbouring countries, said Kasikorn Research Centre (K-Research).
Panel calls for new tourism investment
Phuket News
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Business
Saturday 19 July 2025 11:00 AM
BANGKOK: Thai tourism should not underestimate rivals in the region, notably Vietnam, which are investing heavily in tourism infrastructure such as high-speed rail as well as new attractions and hotels, said the subcommittee of the National Soft Power Strategy Committee.
Retail association touts recovery strategies
Phuket News
/
Business
Friday 18 July 2025 11:03 AM
BANGKOK: The Thai Retailers Association has recommended two strategies to accelerate economic recovery amid the prolonged global economic slowdown and rising uncertainties.
Phuket enjoys surprise off-season arrivals hike
Phuket News
/
Business
Thursday 17 July 2025 12:59 PM
BANGKOK: Phuket is seeing a big shift in tourism patterns as European travellers embrace off-season travel, with tourism revenue expected to grow by over B40 billion, or around 10%, this year, says the Phuket Tourist Association.
National crypto sandbox for tourists in the offing
Phuket News
/
Business
Thursday 17 July 2025 08:58 AM
BANGKOK: Digital asset exchange operators have welcomed a joint effort between the Securities and Exchange Commission (SEC) and the Bank of Thailand to launch a crypto sandbox to allow foreign tourists to use digital assets in Thailand, saying the new initiative would drive crypto adoption across Thailand.
Tour business registrations rise by 14%
Phuket News
/
Business
Wednesday 16 July 2025 10:52 AM
BANGKOK: The Ministry of Tourism and Sports has reported a 14% rise in tourism business registrations in the first half of 2025, saying the increase reflected an increase in confidence in the industry.
Race to enroll illegal hotels in system
Phuket News
/
Business
Tuesday 15 July 2025 09:23 AM
BANGKOK: Phuket’s latest ‘field hospital’ measure is expected to attract 20-50 illegal hotels to register in the system before a ministerial regulation expires next month, according to the Phuket Boutique Accommodation Consortium.
Travel subsidy fails to attract Thais
Phuket News
/
Business
Monday 14 July 2025 12:31 PM
BANGKOK: The tourism and sports minister says the number of local tourists using co-payment privileges in the ‘Tiew Thai Khon La Khrueng’ domestic tourism campaign was lower than expected for the first 10 days of the scheme despite 1.58 million registrants, as travel sentiment may be unfavourable due to “economic conditions”.
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