10:15 am - Friday September 30, 2016

Phuket seeing investment interest from Singapore

Phuket seeing investment interest from Singapore On 11th April 2013, Phuket Governor – Mr. Maitree Aintusut welcomed Singapore businessman Mr.Yong Juang business who was visiting Phuket to discuss investment in Phuket’s Tuna business.

There are now a number of Singapore businessmen interested in investing in tuna fishing around Phuket and Mr Juang came to meet Mr. Maitree to discuss investment guidelines and laws such as regulations with regards to the cooperation between Thai businessmen with Singapore. The growth in Phuket’s tuna business is due to its surrounding waters seeing an increase in tuna. In 2012 there were 3,500 tons of tune caught in Phuket waters which generated revenue of around 539 million baht. If the tuna business has investment from Singapore it is predicted that both the amount of tuna caught and the revenue would increase.

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