Business

The second edition of the Phuket Film Festival to be held June 4-13 2009 on Phuket Thailand. The Festival has opened up for film submissions to be submitted today.
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The countdown has started for the official opening of Outrigger Laguna Phuket Resort and Villas. In 60 short days the project at Bang Tao in Phuket will be ready for guests - with some unbeatable rates until 1st of April 2010.
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JetStar is adding 7000 seats of new capacity into and out of Thailand with new services with a new double daily Singapore to Phuket offering from 15 December 2009.
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Nearly half of all new hotel developments projects in Phuket are experiencing major delays. More than 4600 new rooms are expected to be added to Phuket in the next two years, according to Bill Barnett of C9 Hotelworks.
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The local real estate market has probably reached bottom. A large number of new projects are being launched around Phuket.
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It took 8 weeks for Thailand to reach 1500 confirmed cased of the A H1N1 flu virus and 8 days to reach the next 1500 cases. Academics see the epidemic a big blow to Thai economy if the flu outbreak is not kept under control by September.
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The Thai economy continues to suffer due to a large drop in export. The head of the Tourism Council of Thailand does not see any positive factors for the touristm sector.
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Not only hotels and resorts in the Andaman region is struggling. Hotel performances in the Asia Pacific region declined 30% in the first quarter.
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Outrigger has signed its third management contract in Phuket - this time at Laguna Resorts. The American company continues its expansion in South East Asia despite the financial crisis.
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Investors from the United Arab Emirates want to develop huge livestock farms in the Andaman region and raise sheep, goats and other livestock.
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