On Nov 9, 2018, the Bank of Thailand announced new requirements on down payment rates for mortgages that will take effect on April 1, 2019. Homebuyers who purchase a residential unit priced lower than 10 million baht and seek a second or subsequent home loan will be required to make a down payment of at least […]
Read MoreThailand’s unemployment rate continued to improve in the third quarter, thanks to a growing economy and a recovering farm sector. The National Economic and Social Development Board (NESDB) reported yesterday that the unemployment rate was 0.96% of the total workforce, or 373,000 people. That was lower than in the same period last year, which saw a […]
Read MoreThe government has been asked to extend the waiver of visa-on-arrival (VOA) fees past Jan 13 and to the end of April to lure international visitors during Songkran. Wichit Prakobkosol, president of the Association of Thai Travel Agents (Atta), said the two-month fee exemption for 21 countries, which began on Nov 15, is too short […]
Read MoreThailand will become the first country in Asia to ratify the Work in Fishing Convention, also known as C188, to ensure better working conditions for fishermen. The ratification was confirmed on Thursday by Labour Minister Adul Sangsingkeo, although the news was met with opposition from fisheries groups across the country, who fear the agreement will increase their […]
Read MoreDanish toy company Lego will debut its first shop in Thailand tomorrow as part of its business strategy to drive sales in Asia. Atsushi Hasegawa, general manager of Lego Singapore Pte, said the company has partnered with DKSH Thailand, the distributor of Lego in Thailand, to open the first Lego shop spanning 170 square metres on […]
Read MoreTHE SHOPPING tax allowance to be announced next week by the government will satisfy the middle class, but will do little to boost the overall economy, a prominent economist said Wednesday. Anusorn Tamajai, dean of Rangsit University’s Economics Faculty, said the year-end shopping scheme is just a marketing strategy to please middle-class consumers. “It is […]
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