TOAT Targets Cannabis Businesses to Compensate Declining Tobacco Income BANGKOK (NNT) – The Tobacco Authority of Thailand (TOAT) expects lucrative businesses related to cannabis and hemp extracts will help compensate for deteriorating income from tobacco production. TOAT Governor Panuphol Rattanakanjanapatra said TOAT is drafting a ministerial regulation to give the organization an authority to grow and…
GSB Launches Measure to Curb Non-performing Loans BANGKOK (NNT) – State-owned Government Savings Bank (GSB) has rolled out a measure to curb existing debts from turning bad, offering a suspension of the repayment of principal and a partial amount of interest. GSB president and chief executive Vitai Ratanakorn said the aid measure aims to help…
Thailand ranked 3rd in ASEAN on Economic Freedom Index Thailand has a business freedom index of 85.3 out of 100. This is a big improvement over last year, which helped to increase the country’s overall score to 69.7, a 0.3 point jump from last year. Thailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries…
Why Thai Firms Should Care About the Career Stage of China’s Officials In Chinese bureaucracy, large-scale leadership turnover happens every five years, right on the heels of the Party’s National Congress: think of it as a window of opportunity for promotions, but with a few constraints Governments typically set a wide range of goals. This…
Government Will Sign MoU on Rice Sale with Indonesia BANGKOK (NNT) – The government will sign a memorandum of understanding (MoU) to sell as much as one million tons of rice a year in a government-to-government (G2G) deal with Indonesia late this month. According to Commerce Minister Jurin Laksanawisit, the MoU signing will be organized…
New campaign encourages farmers to sell online BANGKOK (NNT) – A new campaign by the Ministry of Agriculture and Cooperatives has made it easier for farmers to sell their produce directly to customers online, with a logistic provider now offering discounted transport fees for a fast and safe delivery to customer’s hands. The Department of…
Business Department Aims to Promote SME Listings BANGKOK (NNT) – The Business Development Department has vowed to step up support for medium-sized wholesale and retail operators listing on the Stock Exchange of Thailand (SET) to raise funds to finance business expansion, in addition to ensuring their good corporate governance. Deputy director-general Poonpong Naiyanapakorn said the department…
Demand for wellness accommodation in Thailand continues into 2021 An international real estate and hospitality consultant sees hotel developers continuing to shift their preference towards developing products and services that cater to the rising wellness tourism demand. CBRE, an international real estate and hospitality consultant, says an increased focus on local guests is important as international tourist arrivals remain…
Thailand develops marijuana for health industry leading to avenues for tourism The Ministry of Public Health has brought together 29 pharmaceutical and supplement producers with marijuana growing community enterprises in a major step to develop the plant into a new segment of the health industry, leading to new medicinal products and avenues for tourism. Minister of Public Health…
High-end consumers to sustain Alist’s ambitions Alist Private Co, an importer and distributor of German cameras and equipment, is gearing up to expand its presence in Thailand despite unfavourable global and domestic economic conditions. The company opened a new 70-square-metre branch at Emporium shopping complex in Bangkok and is targeting 30% sales growth this year…