The Bank of Thailand has instructed all banks to make cybersecurity a priority, develop systems to tackle unauthorised access and offer compensation in the event of financial losses from a data breach. The central bank recently summoned board members of all banks to discuss the recent cyber-attack and requested that they draft important policies to protect […]
Read MoreThe Revenue Department will push a draft bill on international data exchange stipulating that individuals and entities gather and submit tax-related information as required by authorities, part of efforts to give the tax-collecting agency better access to tax payment information, especially from those with foreign-based operations. The bill, which is undergoing the public hearing process until Thursday, […]
Read MoreProperty investors and condo buyers from overseas are awaiting clarity on Eastern Economic Corridor (EEC) regulations that will allow 100% foreign property ownership, according to a property consultant. Phattarachai Taweewong, senior manager at property consultant Colliers International Thailand’s research department, said the draft EEC act that was approved earlier this year has boosted not only the industrial […]
Read MorePutting Thailand 4.0 and a cashless society in place seems to be the dream of Thai policymakers and business tycoons, but the recent data leakage by two of the country’s major financial institutions has left many wondering whether the virtual dream is in fact a nightmare in the making. Cyber-attackers this month stole data belonging to […]
Read MoreHuman resource development, tourism, and agriculture have been approved as main sectors of cooperation among the countries in the Mekong Basin and India. This was the outcome of the 9th Mekong-Ganga Cooperation Ministerial Meeting held in Singapore on August 2, which was attended by Laos’ Minister of Foreign Affairs Mr Saleumxay Kommasith. At the meeting […]
Read MoreLao P.D.R. has long been a high-potential destination for companies from Thailand–the second largest foreign investor in Laos behind China. In the past, companies sometimes faced issues over the uncertain legal framework for resolving labour disputes in Laos. Therefore, the Lao government recently issued the Decree on Labour Dispute Resolution No. 76/GOL (the “Decree”), which precisely […]
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Thailand
