TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Financial Crisis Woes Will Impact Phuket

Category: Tourism, Posted:08 Aug 2011 | 06:00 am

All eyes this week are turned to the financial markets today as jitters are being felt all over the globe.
There are no safe havens as was seen by the share hits taken on the Asian bourses late last week.
While Thailand now has reason to celebrate with peaceful elections and a clear mandate going forward, the question on many lips is – has the country waited to too long and is a late arrival at the cocktail party of booming regional economies?
Yingluck Shinawatra has her work cut out with the campaign promises of increased minimum wages.
Over the past few months building costs are already mounting and developers are expected overheads to inflate by the end of the year at 5-7%.
Tourism and property are key drivers for prosperity on the island and both sectors look to be impacted.
Hoteliers are anxiously looking toward the coming high season with worrisome optimism and a paranoid glance over their shoulders.
As the world goes, may very well affect how Phuket goes in the months ahead.

Other News

Read more

Go Ahead. Get Your Ya-Ya’s Out

Category: Tourism, Posted:17 Jan 2021 | 06:00 am Close your eyes. Go ahead. Remember a time when you were young. The magic as a kid, taking blankets, sheets, or even boxes and creating a fantastical tent or unique crazed getaway in the house. Letting your imagination go wild and take you on a journey to incredible places. Or pitching a tent in the […]
Read more

Is Thailand Ready For Legalized Gambling?

Category: Tourism, Posted:16 Jan 2021 | 13:38 pm Topping Thailand’s economic news are comments by the Prime Minister that he is willing to consider opening up gambling, according to the Bangkok Post. With the Thai economy struggling at funding an economic recovery process that has been under extreme duress by Covid-19, the question now will the pandemic be an accelerator of a long-lasting […]
Read more

Phuket’s World Class Creative Mad Metal Men

Category: Tourism, Posted:15 Jan 2021 | 09:15 am The Underwood Art Factory with its crazy, cool, innovative metal sculptures and fabrication is one of the island’s best global exports to some of the leading design hotels around the globe. Founder John Underwood’s long-term work with renowned design guru Bill Bensley has seen his work showcased in countless iconic locations and properties. The Underwood […]