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Thailand: Govt continues to woo wealthy, capable foreigners

Nearly 3,000 foreigners have applied for long-term resident (LTR) visas and about 500 regional headquarters projects have obtained promotional privileges from the state, deputy government spokeswoman Traisuree Taisaranakul said on Friday. A total of 2,920 foreigners applied for LTR visas from Nov 1 last year to Feb 28, Ms Traisuree said.  They included 195 highly wealthy […]

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Vietnam launches $76 million project for road connecting Quang Nam province to Cambodia, Laos and Thailand

A road upgrade project connecting Quảng Nam Province to the Central Highlands region and neighbouring countries was launched on Tuesday by the transport ministry and the provincial People’s Committee. National Route 14E, which measures 90km in length, connects the east and west sides of Quảng Nam and links the province to the Central Highlands region […]

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Thailand: Brokerages announce downbeat outlook

The total value of securities traded on the Stock Exchange of Thailand is expected to decrease this year from 2022 as concerns about the global economic slowdown and US interest rate hikes affect investor confidence, says the Association of Securities Companies (Asco). Chairman Pichet Sitthi-Amnuai said Asco anticipates the securities industry will not perform well this […]

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Thailand: Sector braces for 80m visitors by 2027

Intense congestion at popular tourist destinations needs to ease in order to accommodate a new target of 80 million foreign arrivals by 2027, says Tourism and Sports Minister Phiphat Ratchakitprakarn. “It might be harsh to say this, but Thailand should never return to the conditions of 2019 when almost 40 million foreign tourists flocked to the country, […]

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Thailand: Pricey power bills expected to ease

Electricity bills are expected to decline from May to August as the fuel tariff (Ft) dips following a decrease in the price of liquefied natural gas (LNG), says Energy Minister Supattana­pong Punmeechaow. The Ft is a key component of the power tariff, which has soared since last year, resulting in expensive power bills. “The new power […]

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Thailand: Grab unit upbeat on potential for growth

Grab Thailand is optimistic with regard to its operating profit this year given the business direction of its parent, Nasdaq-listed Grab Holding, which aims to break even. The local unit plans to focus on sustainable growth thanks to the recovery of its core businesses, especially ride-hailing, with daily service usage slightly surpassing levels posted before the […]

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