Economic think-tank says the future of tourism in Thailand hangs on vaccination The research division of Thailand’s Kasikorn Bank says everything hangs on vaccination strategies, both here and abroad. Kevalin Wangpichayasuk from the Kasikorn Research Centre says the rollout of Covid-19 vaccines globally will have a significant impact on the recovery of tourism in the…
Thailand economic freedom climbs to 3rd in ASEAN vowing property and contractual rights Thailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries and 42nd in the World on the most recent on Economic Freedom index. Singapore tops the list for the second consecutive year, followed by New Zealand and Australia. Thailand has a business freedom index of 85.3 out…
Brother sees 8% growth for fiscal 2021 Brother Commercial Thailand, the local unit of the Japanese printing tech firm, has set a fiscal 2021 growth target of 8% because of rising demand for single-function and medium-sized printers, as well as expansion to a subscription model. “We have seen a rapid change in the behaviour of…
Thailand Eastern Economic Corridor expects 300-billion-baht investment in 2021 BANGKOK – Thailand expects investment to triple to at least 300 billion baht in the Eastern Economic Corridor (EEC) this year as investment projects previously held by the coronavirus outbreak get pushed forward again as the pandemic eases. EEC Secretary -General Kanit Sangsubhan said actual investment in…
Thai SEC forced to clarify proposed crypto rules after public backlash Financial regulators in Thailand may adjust the minimum annual income qualification for crypto investors amid public outrage. Thailand’s Securities and Exchange Commission has walked back previous plans to enact a 1 million baht (about $33,000) minimum annual income requirement for crypto investment in the…
High value-added economy in focus The next national economic and social development plan should aim to provide Thailand a high value-added economy, according to the state planning unit. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said the NESDC board on Feb 15 approved a development framework for the country’s 13th…
Action needed to woo investment The economic head at South Korea’s embassy issues a challenge, writes William Hicks Thailand needs to “wake up” and find aggressive, proactive means to attract foreign businesses and investment or it risks falling behind Vietnam, says the economic head at the South Korean Embassy to Thailand. Jeon Joyoung, deputy chair…
Thailand Will Focus on High Value-added Economy BANGKOK (NNT) – The next national economic and social development plan from 2022 to 2026 is aimed to provide Thailand a high value-added economy. National Economic and Social Development Council (NESDC) Secretary-General Danucha Pichayanan said the NESDC board has approved a development framework for the 13th national economic and…
Thai SEC consults public on crypto investor income rules Thai investors who do not qualify for crypto trading under proposed SEC rules would still be able to invest through licensed fund managers. The Securities and Exchange Commission of Thailand has launched a public consultation on proposed cryptocurrency investor qualification rules. According to an official announcement Thursday, the…
RESILIENCE AND AGILITY: THE NEW MANTRAS FOR THAI BUSINESSES IN THE POST COVID-19 ERA The Thai government has introduced many measures in recent years to support a vibrant ecosystem for startups, with an aim to drive innovations and strengthen competitiveness of the overall economy. The country’s rapidly advancing digital industry has driven the development across…