November 10, 2020 In an effort to revive the tourism industry after a quiet 7 months without foreign tourists, the Ministry of Foreign Affairs says they’ve “relaxed” the criteria for issuing tourist visas and are now allowing foreigners from countries considered a “medium risk” for spreading Covid-19 to apply for Read More
PM Prayut Chan-o-cha chairs the Board of Investment meeting on Wednesday. November 4, 2020 The Board of Investment (BOI) on Wednesday approved a package of incentives for Thailand’s electric-vehicle (EV) manufacturing supply chain, with a focus on critical parts including batteries. The board also approved EV-related projects worth Bt35.7 billion Read More
October 27, 2020 Thailand’s new e-Withholding Tax system was introduced by the Revenue Department and 11 banks on Tuesday. Director-general Ekniti Nitithanprapas said the launch was part of the department’s continued digital transformation aimed at boosting convenience for taxpayers. The new system is a one-stop way of managing withholding tax. Read More
September 30, 2020 The Board of Investment (BoI) is planning to come up with several schemes to woo investors and help those affected by the Covid-19 outbreak, BoI secretary-general Duangjai Asawachintachit said on Tuesday. She added that BoI will propose next month that its board consider adding clinical study as Read More
September 17, 2020 Government Spokesperson Anucha Burapachaisri, together with Deputy Secretary-General of Office of National Economic and Social Development Board Danucha Pitchaynan, and head of the Fiscal Policy Office’s Tax Policy Department Kanchana Tangpakorn, held a press briefing on the 3/2020 meeting outcomes of the Center for Economic Situation Administration Read More
September 01, 2020 In July 2020, the Thai economy continued to improve, driven by public spending and the relaxation of lockdown measures both in Thailand and abroad. Private consumption indicators, merchandise exports value, and manufacturing production exhibited lighter contractions. However, investment conditions remained vulnerable reflected by private investment indicators contracting Read More
August 20, 2020 The Board of Investment (BoI) is looking into granting investment privileges for electric motorcycle and tricycle sectors to increasingly promote the manufacturing and use of electric vehicles in the country. “We have promoted investment in the electric vehicle industry since 2017, but it covers only four-wheel vehicles Read More
July 24, 2020 The Bank of Thailand is considering relaxing conditions for its Bt500-billion programme of soft loans for small and medium-sized enterprises (SMEs), said a source familiar with the matter. The move by the central bank is in response to complaints that tight conditions were preventing SMEs from taking Read More
July 17, 2020 Foreign visitors still stranded in the kingdom by the Covid-19 pandemic will be allowed to apply for an extended short stay after their visas expire on July 31, the Immigration Bureau chief said on Friday. Foreign tourists who are unable to leave Thailand would be given a Read More
July 16, 2020 Startup companies in Thailand are suffering from liquidity problems due to lack of investments from overseas while domestic fund operators are being more cautious amid the economic contraction due to the Covid-19 outbreak. Natthawut Pheungjaroenphong, founder and chief executive officer of Ookbee Co Ltd and operator of Read More