Recent tax reforms tightens on foreign income coming into Thailand
A recently introduced tax regulation in Thailand mandates that Thai tax residents pay personal income tax on foreign income brought into the country. The new tax regulation in Thailand compels…
Thailand farm products to reach global markets with new train network
In a strategic alliance, Global Multimodal Logistics (GML), Market Organisation for Farmers (MOF) and Pan-Asia Silk Co Ltd (PAS) have joined forces to operate a rail transport network for the…
Thailands GDP to grow 3.6% next year
Thailand’s GDP is expected to grow by 3.6% in 2023, driven by robust private consumption and a recovering labor market, according to the OECD. The organization commends Thailand’s swift response…
Burger King sustains a 20% increase in sales
Burger King in Thailand is aiming for a consecutive 20% sales growth in 2024. The company believes that introducing new menu items tailored to the local market, embracing digital advancements,…
BOT keeps policy interest rate at 2.5%
The Monetary Policy Committee in Thailand has decided to keep the policy rate at 2.50 percent. They considered the current economic recovery and its impact on inflation and financial stability.…
FTA (Free Trade Agreement) talks with the EU gets reboot
Thailand is preparing to resume Free Trade Agreement (FTA) negotiations with the European Union (EU) after they were halted in 2014 due to a coup. The talks are expected to…
Thailand and Hong Kong to start cross-border QR payment linkage
Residents of Hong Kong can now use their digital wallets to make payments in Thailand through a cross-border QR payment linkage between Hong Kong’s Faster Payment System (FPS) and Thailand’s…
Can climate summit in Dubai really change anything?
You are going to be hearing a lot about COP28 over the next two weeks. The world’s most important climate meeting, beginning on Thursday, is being hosted in Dubai by…
Thailand aims to secure $5 billion investment deal with Tesla
According to the Nation Group, Thai Prime Minister Srettha Thavisin is working towards securing a $5 billion investment deal with Tesla. He has been actively seeking foreign investment and has…
Honda to boost EV production in Thailand
The Thai government recently met with Honda executives to discuss support for electric vehicle production in Thailand. During the meeting, Prime Minister Srettha Thavisin expressed gratitude to Japan for their…