Rich Russians isolated from the West are flocking to Thailand’s Phuket

Rich Russians isolated from the West are flocking to Thailand’s Phuket
(Image: Bloomberg)
Bloomberg
Russian businessman Alexander Nakhapetov has been a regular at the “banyas” in his adopted home of Phuket ever since several of the traditional steam baths opened last year.Lately, though, the 41-year-old’s routine has been disrupted by an influx of his countrymen to Thailand’s biggest island – which has resulted in those new bathhouses being booked out much of the time.Patong Beach in Phuket in July. (Image: Andre Malerba/Bloomberg)While Phuket has long attracted Russia's wealthier citizens, the influx is acce...

More Bloomberg

Against the odds, London pubs now among city’s top eateries
The Life

Against the odds, London pubs now among city’s top eateries

Great food and drink make businesses viable in a way that traditional pubs are not.

Bloomberg 20 Oct 2024
Asia the place to be as stocks and currencies shine
Investments

Asia the place to be as stocks and currencies shine

A series of epochal events propel the region’s equities to world beaters.

Bloomberg 05 Oct 2024
AI-powered weed-killing robots threaten a $60b market
Primary Sector

AI-powered weed-killing robots threaten a $60b market

Crop-chemical firms rethink business models as new tech promises to slash herbicide use.

Bloomberg 21 Sep 2024
Weed companies making more money selling beer than cannabis
Retail

Weed companies making more money selling beer than cannabis

Firm’s big bet on dope so overoptimistic it’s relying on market it once aimed to disrupt.

Bloomberg 15 Sep 2024