Why are your investments not working for you?


Even in these difficult times the world is facing, the fundamental rules of investing are constant and are unaltered by the severe economic conditions we are seeing.  Here are five possible reasons why your money might not be growing the way it should be. Investing is about sticking to simple rules.

1 – Lack of strategy. Believe it or not most amateur investors don’t employ a strategy to their investing. Most people just simply buy investments and just hope they grow in value, with no real understanding of what they bought and why they bought it. Sometimes it works, sometimes it doesn’t, but it’s a big risk to take.

Find a strategy that works for you and don’t deviate from it.

2 – Selling your investments. All too often people are buying and selling investments on a regular basis. If something is worth buying, it’s worth keeping hold of. On May28, 2004, shares in Apple were valued at US$2, today they are worth just under US$500. How many people do you think have sold Apple shares during this period… I would hazard a guess at millions.

Research your investments thoroughly and have faith in your decisions.

3 – Timing the markets.  Sitting and waiting for the markets to drop and then waiting for the highs to sell out is a very risky strategy. Investments go up and down all of the time and contrary to what many people believe, this is exactly what you want them to do.

Good investments always go up over the long term and the quicker you get in the better..

4 – Holding on to bad investments. If it’s not working for you then get rid of it. Just because it’s gone down doesn’t mean it’s going to go back up. Bad investments are bad investments, period! I’m a firm believer of having faith in your  investment decisions, but we all make mistakes from time to time and it’s better to realise quicker before we waste too much time sitting on the infamous dead cat.

Dead cats do bounce, but just not very high.

5 – Working with the wrong people. If your advisor is recommending investments that aren’t growing then you need to find someone new. You need a benchmark to check your investments against and my advice is to use the S&P 500. If the S&P 500 grows by 5% then your investments need to be making you more than that. Your advisor won’t always be able to make you money as the markets go up and down, but the bare minimum they need to achieve is to beat the index.

Work with people that make you money and give you good advice.

Courtesy: Published at The Phuket News on November 28, 2020 by William Frisby

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Phuket sees 300 million baht boost over long holiday weekend


The Tourism Authority of Thailand says that Phuket has received a much-needed 300 million baht boost over the 4 day long weekend with around 54,000 tourists flocking to the island from last Thursday through to yesterday.

Phuket Office Director Nanthasiri Ronnasiri, reports that the average expenditure per visitor was about 5,500 baht, which was higher than the average spend for a Thai tourist to Phuket 2 years ago. She also noted that random checks on hotels showed that occupancy rates climbed to about 35%, with most guests staying 2 nights. But most of Phuket’s hotels remain closed.

Nanthasiri also says that many of the tourists concentrated themselves in the Phuket Old Town area, especially around Thalang Road, Phang Nga Road, and Dibuk Road in order to enjoy at the Sino-Portuguese shophouse architecture and historical locations. In fact much of Phuket Town, including its many markets and alley eateries, were doing roaring business, The Thaiger can vouch for the heavy traffic, on the roads and footpaths, over the past 4 days.

“This special holiday made Phuket tourism livelier, even though it was not as same as the situation before the Covid-19 pandemic.”

In fact, despite the welcome surge of visitors, it was still a long, long way from its previous tourist levels with much of the west coast, which has largely catered for the international tourist traffic, was still very quiet in places like Patong, Kata and Karon.

Phuket wasnt the only destination that has profited off of the long weekend as Chiang Mai saw droves of Thai tourists visiting its Royal Park Rajapruek as well as the northern city’s other nearby national parks and tourist areas. Visitors came from all over to see the blossoming of flowers in a beautiful display at the park as well as enjoying the air-purifying flowers as they relaxed. Tourists were able to rent a bicycle for 60 baht if they wanted to exercise while taking in the scenery and could also pay a visit to the orchid greenhouse, which hosts a variety of orchids in bloom. TripAdvisor recommends to set aside 2 hours to visit the park.

Next holiday weekend, on November 27 and 28, Pattaya is expected to get a tourism boost as its annual fireworks festival is set to bring in travellers who have taken advantage of package deals offered by some beachside hotels. Such packages were offered for advance bookings, where holidaymakers could view the firework shows on the rooftops of their hotels. The firework displays are said to be long with breaks of entertainment-packed shows, featuring live music and student bands amongst others.

Phuket sees 300 million baht boost over long holiday weekend | News by The Thaiger

Courtesy: Published at The Thaiger on November 23, 2020 by The Phuket News

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Bank of Thailand takes action to curb Thai baht’s strength


The Bank of Thailand has moved forward measures, originally meant to begin early 2021, but most of which will now take effect from end of this month. The end result is that the new rules will make it easier for Thais to shuffle money overseas and invest in foreign assets. It will also make is easier for Thai citizens to hold foreign currency in local banks. The new rules will also require the registration of local and overseas bond investors.

“Following the U.S. elections and positive news on Covid-19 vaccine development, investors have turned toward investing in emerging markets, including Thailand. The situation has resulted in strengthening the baht quickly and can impact economic recovery.”

“The registration of bond investors will allow close monitoring of investor’s behaviours and thereby enable the implementation of targeted measures in a timely manner.”

Last week the Bank of Thailand assessed that the Thai baht’s recent rapid gains could affect the country’s “fragile” economic recovery. The Thai government has called on the central bank to do its best to use what tools it has at its disposal to restrain the baht to protect exports.

Khoon Goh, head of Asia research at ANZ Banking Group, says that he central bank also will continue to resort to direct intervention in foreign-exchange markets.

“The issue here is that local investors have a very strong home bias. Making it easier to invest overseas may not actually encourage them to do so.”

The Thai baht has been the 2nd best performer in Asia this month after foreign investors turned net buyers of almost $2.4 billion of bonds and stocks as appetite returns for riskier emerging-market assets amid a weak dollar, according to Bloomberg.

The Thai baht had recently rallied 8.8% from this year’s low in April, hitting a 10 month high last week.

Courtesy: Published at The Thaiger on November 23, 2020 by Bloomberg

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Long weekend generates B300mn for Phuket, says TAT


PHUKET: Tourism Authority of Thailand (TAT) Phuket Office Director Nanthasiri Ronnasiri has announced that the long weekend from last Thursday through to yesterday (Nov 19-22) has delivered a welcome boost to the island’s economy.

In total 53,970 tourists had come to Phuket over the four days, generating an estimated B300 million in revenues, Ms Nanthasiri said.

Of note, the figures given for the weekend indicate that the average expenditure per person was about B5,558.

According to TAT Intelligence Centre, that figure was even higher than the average expenditure for a Thai tourist to Phuket of B4,950 in 2018, long before the COVID-19 outbreak or even the economic slowdown last year.

Ms Nanthasiri explained that random checks of hotels on the island revealed that hotels over the weekend enjoyed occupancy rates of about 35%, with most guests staying two nights.

Ms Nanthasiri did not explain how many hotels were asked, or give any comparison on how many hotels across the island were still receiving guests.

Ms Nanthasiri pointed out that many of the tourists visited the Phuket Old Town area, especially Thalang Rd, Phang Nga Rd and Dibuk Rd, “to appreciate the architecture of the Sino-Portuguese shophouses”.

“This special holiday made Phuket tourism livelier, even though it was not as same as the situation before the COVID-19 pandemic,” Ms Nanthasiri said.

The long weekend was created by public holidays last Thursday and Friday declared by Cabinet earlier this year with the sole purpose of boosting domestic tourism throughout the country.

Ms Nanthasiri said that hotel bookings in Phuket had been gradually increasing, said a report by the Public Relations Department Region 5 office, based in Surat Thani.

“Most of the bookings so far have been made for weekends and long holidays. However, Thai people do not like to book their rooms a long time in advance, so the number of advance bookings is not very high,” Ms Nanthasiri said.

Courtesy: Published at The Phuket News on November 23, 2020

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Hotel investment group launches world’s first “green” hotel fund


Destination Capital, a hotel investment group in Bangkok, has announced that it will launch the world’s first ever “green” hotel fund. The fund will acquire hotels and implement sustainability systems and procedures to promote long term environmental and financial sustainability in investments using the EDGE certification programme. EDGE, an online platform, is an innovation of the International Finance Corporation, which helps property developers to build and brand “green” establishments in a fast and affordable way. EDGE is used by more than 170 countries and reportedly has kept almost 230,000 tonnes of carbon dioxide annually from entering the atmosphere.

DC’s fund, titled Descap I, is part of its efforts to acquire freehold, 4 star hotels in prime destinations all over Thailand. James Kaplan, the CEO of DC, says he sees opportunities to renovate hotels to accommodate “green” technology and systems due to the current Covid pandemic that has ravaged the tourism sector in the kingdom.

“Destination Capital’s adoption of the EDGE certification program will provide the Descap I with the opportunity to gain a competitive advantage by differentiating our products and improving carbon emissions of the hotels.”

“If there is one thing we have learned during Covid-19 it is that the environment and nature recover quickly from poor resource management practices. Our participation in EDGE will serve to encourage the hospitality industry to adopt best practices with respect to better managing our scarce resources, raise broader consciousness about global warming and stem the tide of environmental degradation. We will implement operational elements to reduce water consumption, reduce waste emissions, reduce electricity use, and to the best of our ability eliminate plastic usage.”

Descap I, is a Thai Private Equity Trust. The company partners with Private Equity and Institutional Funds to source hotel acquisition opportunities and manage assets in the Asia Pacific region, turning its main focus to Thailand.

Courtesy: Published at The Thiager on November 22, 2020 by Pattaya Mail

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TAT rolls out special hotel and transport packages for foreign tourists


PHUKET: Tourism Authority of Thailand (TAT) Governor Yuthasak Supasorn announced that the Centre for Economic Situation Administration (CESA) had already approved TAT’s project to offer foreign tourists special hotel and transportation packages.

Mr Yuthasak explained yesterday (Nov 20) that the project is branded as “Amazing Thailand Plus Special Package” and will offer tourists assistance for booking flights and hotels for quarantine (ASQ) as well as offering special packages for traveling after the quarantine is finished.

According to the announcement by the Public Relations Department of Thailand, there will be three packages, including “book two nights and get one free” for hotels in Bangkok, “book two nights in Bangkok and get a free one in a hotel near the city” (with TAT arranging taxi), and “book three nights in Bangkok and get two nights free in a different province” (with TAT paying for the flight).

The packages will be available for booking by foreign tourists from December 1 this year through March 31 next year. Actual trips can be committed through April 30, 2021.

“TAT will cover the traveling expenses for taxis and airplanes with its own designated budget of about B20 million,” Mr Yuthasak noted.

At the same time Mr Yuthasak announced that CESA had also approved giving Thailand Elite card holders an option to apply for work permits. The applicants must either hold a B1mn card for 10 years or hold a card for 5 years and invest US$1mn in Thailand on specified conditions.

“We set ourselves a goal of selling about 1,000 cards per year,” Mr Yuthasak said.

Courtesy: Published at The Phuket News on November 21, 2020

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High season to push domestic trips to 70mn


BANGKOK: The flow of tourists the last two months of this year should drive the number of domestic trips to 70 million this year, while the Tourism Authority of Thailand (TAT) plans more campaigns next year.

Kritsana Kaewthamrong, deputy governor for domestic marketing at TAT, said domestic tourism during the cool season may be softer than usual, but should be higher than previous months because of numerous public holidays, affordable hotel prices and higher flight frequencies, reports the Bangkok Post.

Social distancing practices will set a new direction for tourism flows from downtown to suburban areas, resulting in higher income for local communities.

He believes local tourism sentiment is still unfazed by the news about local cases.

During the first nine months this year, local tourists tallied 52.7 million domestic trips, down 54.1% year-on-year. Those trips contributed B323 billion to the economy, a drop of 59.5%.

Average spending per trip dropped 14.4% to 4,149 baht, while the hotel occupancy rate closed at 28.6%.

In October, the average occupancy rate picked up to 34.4%, especially for hotels in the Northeast and North, where the occupancy rate decreased by just 2.2% and 9.96%, respectively, compared with the same period last year because of colder weather.

The TAT also plans to organise year-end countdown events in provincial areas. The possible provinces consist of Sukhothai, Koh Phi Phi in Krabi, Roi Et and Ratchaburi.

Mr Kritsana said the TAT wants to introduce the “Best Selfie in Thailand” campaign by creating partnerships with airlines and bloggers to offer tourism packages and remind tourists about forgotten destinations.

This campaign is scheduled to start around mid-December or January.

The next campaign, which is set to launch by January, will focus on caravans with car companies to offer cross-regional road trips. Tourist are to experience various types of tourism products along the way.

“We have to focus on highlighting more local identities in each area, making the tourism more sustainable rather than using singers or concerts to attract tourists,” he said.

Moreover, the TAT is discussing with telecom operators offering free WiFi conditioned on tourists completing tourism-related questionnaires. Data from this project will be used to enhance domestic marketing plans.

The agency also aims to adapt products and marketing campaigns to stimulate more trips on weekdays, including targeting the elderly as well as hosting festivals.

Courtesy: Published at The Phuket News on November 20, 2020 by Bangkok Post

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Phuket can reap huge rewards from the world’s biggest free trade agreement


Phuket can reap huge rewards from the world’s biggest free trade agreement. So says Gulu Lalvani, founder and chairman of the award-winning Royal Phuket Marina. No stranger to pushing hard for change, in 2004 he led the successful push to abolish Thailand’s import duty on yachts, giving the country’s marine leisure industry a massive boost and making sure Phuket emerged as the center of yachting in Asia.

On Sunday, November 15, the heads of 15 Asia-Pacific nations – including China, Japan, South Korea, Thailand, Singapore, Indonesia and Australia – signed the unique Regional Comprehensive Economic Partnership (RCEP). Representing a total population of 2.2 billion, by putting their names to the world’s biggest free trade agreement, these leaders have ushered in the emergence of the undisputed Asian era.

Bigger than either the European Union or the US-Mexico-Canada Agreement, the deal embraces practically one third of the global population and accounts for almost 30% of worldwide GDP. With India scheduled to join within the first year, the total population covered by the agreement will climb to 3.5 billion and the percentage of global GDP will rise to 40%.

Half the population of the world will trade under this new umbrella in the region that enjoys the fastest GDP growth in the world. The potential is staggering and estimates are that the deal could add almost USD 190bn to global national income by 2030.

And the tropical paradise island, Phuket, sits like a tiny geographic bull’s eye dead-center of the most exciting Asian advance in recent memory.

Phuket stands to reap massive gains if it recognizes, and then seizes, the opportunity presented by this historic pact. Long positioned as a potential regional IT hub, the realization of that ambition has remained frustratingly el4usive – but the time is now ripe, as member of RCEP, for Phuket and Thailand to get over the finish line.

Phuket has an abundance of international-standard accommodation, good internet connectivity, some of the cleanest air on the planet and a world-class beach lifestyle to die for. And now it has the opportunity to gain colossal increases in tourism as well as to reposition itself as a magnet for individuals and businesses eager to capitalize on its strategic location slap-bang in the center of the world’s largest trading block.

Imagine the potential of being positioned no more than 6-7 hours flying time from 50% of the world’s population in the world’s fastest-growing economies. Imagine how easy it would be to attract the cream of the world’s workforce to your business. Imagine Phuket as a commercial powerhouse in Asia.

As one of Thailand’s busiest airports in terms of both freight and passengers, Phuket Airport has a capacity of 20 million passengers per year, handling more than 18 million on 115,000 flights during 2019.

Phuket’s infrastructure is there. The island’s appeal is undisputed; witness the number of ultra-high net worth (UHNW) families who have already been attracted to relocate here – from much further away than the countries in this new economic block. The future is bright. The potential is real. All we need is the vision to drive results.

Courtesy: Published at The Phuket News on November 19, 2020 by PR

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15 Asia-Pacific countries form the world’s largest trade bloc, the great RCEP reset


After 8 gruelling years of negotiation, 15 countries have signed onto the largest free trade bloc in history. In a joint statement, the leaders of the countries, signatories of the trade deal, say RCEP (Regional Comprehensive Economic Partnership) will form a crucial part of economic recovery once the pandemic is over.

The deal excludes the US, which withdrew from a rival Asia-Pacific trade pact 3 years ago. President Donald Trump pulled his country out of the Trans-Pacific Partnership in 2017. That deal would have involve 12 countries and was supported by Mr Trump’s predecessor Barack Obama as a way to counter China’s surging power in the region.

Now, the leaders of China, Australia, Japan, New Zealand, South Korea and the 10 ASEAN nations, have signed the free trade agreement which covers 2.2 billion people and 30% of the world’s economic output. The new free trade bloc will be bigger than both the US-Mexico-Canada Agreement and the European Union.

The deal sets the terms of trade in goods and services, cross-border investment and new rules for increasingly important areas such as electronic commerce, telecommunications and intellectual property.

The leaders’ statement said the landmark trade pact “demonstrates our strong commitment to supporting economic recovery, inclusive development, job creation and strengthening regional supply chains as well as our support for an open, inclusive, rules-based trade and investment arrangement”.

The combined GDP of the signatories was about 30% of global GDP, covering nearly 28% of global trade.

India pulled out of negotiations last year because of concerns it would not be able to protect its domestic industry as well as its agricultural sector. India’s exclusion from the bloc reduces its size by some 1.4 billion people. But the statement from the signatories says the door is still open for India to join in and it would be “welcome”.

The deal is being seen as a significant step towards removing Asia Pacific trade barriers, and brings China under the fold of a larger regional bloc as its massive economy looks elsewhere for trading partners after the bruising US-China trade war.

Li Keqiang, the Chinese premier, says the deal is “a victory of multilateralism and free trade”. Australia’s PM, Scott Morrison, says the deal will “open up new doors for Australian farmers, businesses and investors”.

The trend for a more integrated trade flow around the region has suddenly accelerated amid the feuding between the US and China. The 2 economic superpowers had imposed billions of dollars of punitive trade tariffs on each other’s exports.

Analysts hail the RCEP agreement, saying that it’s flexible enough to stretch to fit the “disparate needs of member countries as diverse as Australia, Myanmar, Singapore and Vietnam”. But the agreement doesn’t establish unified standards on labour and the environment or force countries to open services and other vulnerable areas of their economies.

Donald Trump pulled the plug on negotiations when he pulled out of the Trans-Pacific Partnership, a deal previously which was seen as a way of curbing China’s economic influence. He later initiated the heated US-China trade war in 019 maintaining he wanted to reduce the amount of imports from China, saying the goods could be built back in the US.

15 Asia-Pacific countries form the world's largest trade bloc, the great RCEP reset | News by The Thaiger

Courtesy: Published at The Thaiger on November 16, 2020

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Qatar Airways to reinstate flights to Phuket


PHUKET: Qatar Airways has announced that it will resume two weekly Phuket-Doha flights beginning Dec 4. The airline hopes to increase the service to seven weekly flights from Dec 10, depending on Thai government approval.

Qatar Airways currently operates 14 weekly Bangkok-Doha flights,

Services to the island will be operated by Boeing 777-300ER aircraft, offering 42 flatbed seats in Business Class, and 312 seats in Economy Class, said a release announcing the resumed service.

Flight QR978 will depart Doha at 2:45am and arrive in Phuket at 1:20pm, while return flight QR841 will depart Phuket at 2:10am and arrive in Doha at 5:40am, said the announcement.

“As one of the only global airlines to have maintained a significant schedule throughout this COVID-19 pandemic, Qatar Airways is uniquely positioned to monitor trends in traffic flow and passenger bookings. The airline has scheduled these flights to connect seamlessly via its award-winning hub, Hamad International Airport, where Thai passengers can enjoy more flexible travel options. The airline also continues to show its commitment to Thailand, as it marks its 10 years of operation to Phuket,” the release said.

Jared Lee, Qatar Airways’ Vice President of Sales for South East Asia and South Asia Subcontinent, said, “As part of our network rebuilding efforts in the Asia-Pacific region, we are excited to resume operations to Phuket to further provide global connectivity to our Thai passengers.

“This year also marks our 10th year of operations between Phuket and Doha, and we remain committed to the Thai market as we look forward to rolling out more initiatives for Thailand in the months to come.

“Qatar Airways has proven itself to be a responsible and trusted airline during this crisis with excellent hygiene measures where onboard COVID-19 infection rate is at a negligible 0.012%. Thus, making Qatar Airways a very safe and reliable airline. As global entry restrictions ease, we look forward to reinstating more routes as we aim to operate to over 120 destinations by year-end to better connect Thai passengers to the rest of the world.”

Passengers arriving into Thailand were encouraged to check the latest information via for details before booking, as well as from other sources such as the Royal Thai Embassies or Consulates and the Civil Aviation Authority of Thailand.

Courtesy: Published at The Phuket News on November 12, 2020

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