Thailand and Hong Kong Launch Cross-Border QR Payments
Thailand’s central bank and the Hong Kong Monetary Authority launched a new cross-border QR payment links.
Thailand Issues New Investor Visa for Eastern Economic Corridor
Thailand’s Eastern Economic Corridor has issued a new investor visa in a bid to boost foreign investments in targeted industries.
Thailand Scaled-Down Subsidy Program Continues Backing for Locally Produced EVs
Thailand has extended its subsidy scheme promoting the purchase of domestically manufactured electric vehicles, albeit at revised rates. Chinese automakers BYD and Changan Automobile are the latest to plan local production, targeting this growing market.
Thailand to Set 2024 Minimum Wage Rate by Year-End
Thailand is set to announce a minimum wage increase for 2024, expected to surpass the inflation rate. It is likely to fall short of the initially proposed 400 baht (US$11.12) per day to mitigate potential negative impacts on small and medium-sized enterprises.
Thailand’s Tourism Boost: Visa Waiver for Chinese Visitors
Thailand has introduced a visa waiver program for Chinese tourists as the government looks to boost the economy through this vital sector.
Thailand’s Eastern Economic Corridor Sets New Investment Targets
Thailand’s Eastern Economic Corridor has set a new investment target of 500 billion baht (US$13.7 billion) over the next five years.
Audit and Compliance in Thailand: A Guide for Foreign Investors
All companies in Thailand must prepare financial statements for their assigned accounting period to the Ministry of Commerce.
UAE and Thailand Explore Trade Agreement to Foster Bilateral Investments
Thailand and the UAE have agreed to launch negotiations to establish a Comprehensive Economic Partnership Agreement to expand bilateral trade and investment.
Examining Thailand’s Economic Revival and Investment Opportunities
Thailand’s economy is forecasted to grow between 2.7-3.6 percent, buoyed by an influx of foreign tourists and improving domestic consumption.
Thailand Adopts Work from Home Bill: Implications for Employers
Thailand has made an amendment to the Labor Protection Act to offer the same labor rights to remote workers.