Although the military-led government has rolled out a raft of stimulus and relief measures to shore up the grassroots economy, spending and indebtedness among the underprivileged are still rampant. Adding to the poor’s predicament is Thailand’s social inequality, which continues to worsen. Credit Suisse’s 2018 Global Wealth Databook reported growing social inequality here, with 1% or about […]
Read MoreThe Thai government is encouraging four neighbouring countries to seize opportunities from the Asean single market and collaborate with all 10 member nations to build up the regional economy in a sustainable manner. With the new opportunities, special economic zones (SEZ) represent a key project, connecting Thailand and nearby Cambodia, Laos, Myanmar and Vietnam, all […]
Read MoreThailand’s cybersecurity spending is expected to grow 20-30% during 2018-19, driven by faster and more complicated targeted attacks powered by artificial intelligence (AI) and increasing use of the Internet of Things (IoT) in critical infrastructure and cloud security, says US-based cybersecurity firm Fortinet. “Cybersecurity spending in Thailand will continue to soar because there are new business […]
Read MoreThe private limited company is still a relatively new concept in Thailand; the earliest laws dealing with companies were only passed in 1900, and one of the first corporations in Thailand, Siam Commercial Bank, was only formally established in 1906. Prior to this, businesses were usually organised as family partnerships that lacked any formal legal personality. […]
Read MoreA meagre 360,000 of the 11.4 million recipients of the government’s welfare and subsidy scheme for the poor are entitled to value-added tax (VAT) payback in the first month after the tax incentive scheme started last month. The small number was attributed to only a handful of Thong Fah Pracha Rat shops participating in the programme, […]
Read MoreThe Fiscal Policy Office (FPO) has floated the idea of adding debt burden to the criteria in screening recipients for the government’s welfare and subsidy scheme for the poor in an effort to weed out cheats. The Finance Ministry will consider several aspects, including debt, to determine qualified recipients of the government’s aid scheme in the […]
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Thailand
