Archive for April, 2009

There are positive signs that the Thai economy is heading towards recovery, despite Thailand’s gross domestic product (GDP) contracted between 5-6 per cent during the first quarter of 2009 and the export plummeted.
Read More »

Minor International, the owner of Marriott Phuket, is delaying a new 1.7 billion baht investment in Phuket due to the financial crisis, swine flu outbreak and the political unrest in Thailand.
Read More »

“The market is not slow in Phuket; it is dead. It is absolutely dead,” Larry Cunningham, the chief executive of Phuket One Real Estate, to New York Times. The newspaper has visited Phuket and talked with prominent real estate developers and real estate agencies. They are painting a gloomy picture of the local market....
Read More »

Phuket International Airport will expand in order to accommodate private jets to the island.
Read More »

John Warren, who dedicated his life to helping victims of disasters and played a key role in the Australian government’s response to the 2004 Asian tsunami, has died in a motorcycle accident in the United States. Warren and his wife Lynda were on their Harley-Davidson riding from Houston to the popular tourist destination of...
Read More »

Shares of HomePro surges - new store in Phuket bring in new revenue. It is forecasted to deliver 15% earnings growth to Bt215mn in 1Q09 with a sales increase of 14%. The company has added three more stores in Thailand so far this year – one at Chalong in Phuket.
Read More »

Bangkok Airways has launched a summer promotion. Tickets are heavily discounted to popular destinatations in Asia. Bangkok - Phuket (r/t): 3,700 Baht (110 USD).
Read More »

Firefly Airline is expanding in South East Asia despite the current financial crisis. The low cost regional airline is adding flights to Phuket, Singapore and other destinations in Thailand and Malaysia
Read More »

Thailand is launching a huge national infrastructure stimulus program, with incentives for foreign businesses, to reassure investors after months of disruptive protests. A team from the Thai Government and Board of Investment is travelling through Australia this week to promote a 1.56 trillion baht economic stimulus package that aims to modernise Thailand and increase...
Read More »

Phuket cancels the low season and renames it Phuket Summer season - from April until November 2009.
Read More »