December 2, 2019 According to Bot latest Press Release, the Thai economy continued to be on a decelerating trend in October. The value of merchandise exports continued to contract, mainly due to the economic slowdown of trading partners, consistent with deterioration in manufacturing production and private investment indicators. Public spending contracted after Read More
November 30, 2019 Thailand has signed five MoUs (memoranda of understanding) with Hong Kong, in a commitment to forge “greater economic ties between various creative, technological and development agencies” in both countries. The Nation reports that the MoUs were signed by Deputy PM Somkid Jatusripitak and Hong Kong CEO Carrie Read More
Oct 28. 2019 Prime Minister Prayut Chan-o-cha was the guest of honour at the recent launch of the “Digital Thailand Big Bang 2019: ASEAN Connectivity,” an international digital technology symposium that on the concept of ASEAN Connectivity organized the Digital Economy Promotion Agency (depa) as part of the activities marking Read More
Sep 20. 2019 The Board of Investment (BOI) has approved fresh “Thailand Plus” incentives to help convince foreign businesses to relocate to Thailand. They’ll be offered benefits including an additional 50-per-cent reduction in corporate income tax for five years, double the allowance for training expenses and a five-year corporate tax Read More
In addition to funding news from Plizz and MyGate, today we also have updates from Appier and Cars24 Thailand’s Plizz raises funding, expands to legal tech vertical – Press Release Thailand-based DIY accounting platform Plizz announced a US$300,000 seed funding round from Singapore-based VC firm REAPRA. The company also announced Read More
The “OSS Foreigner” app is coming, and you will be able to use it for 90 day reporting, according to the Secretary-General at the office of the PM. Dr Kobsak Pootrakool says the planned app can be used for all immigration reporting, including 90 day reports, adding that typing in Read More
Foreigners entering Thailand with a retiree stay visa will soon have to buy mandatory health insurance, a health official said Wednesday. Starting Oct. 31, foreigners over 50 entering the country with an O-A visa must show that they have valid health insurance covering their period of stay, deputy public health Read More
The Thai baht has been the runaway success among Asian currencies this year — surging more than 6% while the US-China trade war has punished peers such as the South Korean won and Chinese yuan. There are two reasons why it may rise even more. The Thai currency has proven Read More
The trade war between the United States and China and the appreciation of the baht against other currencies have started to impact large corporates, say bankers. Although large corporates are resilient to any impact and their ability to repay debt remained sound compared with small and medium-sized enterprises, the prolonged Read More
Photo: Dreamstime.com Thailand’s currency is currently giving it a major economic headache, according to a Bloomberg report shared by ThaiVisa this morning. The Thai baht has been the best performer globally against the US dollar for over 5 years now, but that strength has caused growth estimates to be cut Read More