The relentless rise of Chinese tourists has been one of the biggest stories shaping the global travel industry. In the next three years, outbound trips from China are predicted to reach 178.4 million, while annual expenditure will hit approximately 5.5 trillion baht. Thailand too has felt the positive impact. In August 2019, Chinese tourist arrivals […]
Read MoreGo Vacation, a leading Thai travel management company, has expanded into Cambodia. Bampenh Ho, who has been appointed to oversee the firm’s Cambodia operations, confirmed in a phone call they already have a presence in the Kingdom. “Yes, we started this month,” she said. Ms Ho did not specifically mention the reasons, but it is […]
Read MoreDespite Asean’s fast-growing economy, the regional bloc faces challenges in digital development to maintain a competitive edge and requires infrastructure investment and labour skill upgrades to keep pace with business needs. Technology transfers are also essential for small and medium-sized businesses. “Investment in infrastructure such as electrical and digital networks supports regional growth and connects […]
Read MoreThe Securities and Exchange Commission (SEC) expects to conclude a proposal to amend the digital asset royal decree by the first half next year, aiming to set up an investor protection fund to mitigate incurred damages. An initial amendment will enhance investor protection for damages caused by authorised digital asset intermediaries, but losses derived from […]
Read MoreThe emerging economies of Vietnam and Thailand both saw significant real salary increases, placing them in the global top five, with increases of 5.1% and 4.1% respectively, according to a report by ECA International. “Workers in Vietnam and Thailand will both see further increases to their salaries as the nominal salaries expected to be given […]
Read MoreThe Finance Ministry plans to adopt blockchain-based value-added tax (VAT) refund service for foreign tourists, starting from the end of this month. The blockchain technology for VAT refunds should speed up the process for tourists as details of their purchases will be immediately shared with the Revenue Department and the Customs Department once shops key […]
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