All stakeholders in the cryptocurrency market have been watching to see how the Thai government responds to the global phenomenon that is virtual currency. But despite all the talk and anticipation of a formal legal framework to regulate cryptocurrency — and contrary to the more accommodating stance the Securities and Exchange Commission has been taking — a […]
Read MoreFollowing the strong economic growth in Asean, especially in CLMV countries (Cambodia, Laos, Vietnam, and Myanmar), Thai investors have expanded their regional investment by focusing on alternative energy, food and agriculture processing, tourism, and service business. According to a report by the Bank of Thailand, as of September 30, 2017 Thai investors showed outstanding direct […]
Read MoreThailand and Myanmar are expected by the end of this month to sign a memorandum of understanding for the Initial Implementation of a Cross-border Transport Agreement (IICBTA) to facilitate crucial improvements in logistics within the Greater Mekong Subregion (GMS). Within four months after the signing, 100 trucks each side would be allowed to cross the […]
Read MoreArrivals from China surged to a record 1.2 million in February. Their numbers are expected to top more than 10 million this year out of 38 million international tourists overall. Chinese tourists come to Thailand for a number of reasons, such as health checkups, buying condos and shopping. According to market researcher Nielsen, Thailand is […]
Read MoreSome merchants are exploiting the online distribution channel to avoid tax payment even though they have physical shops, says a source at the Revenue Department. These merchants may offer discounts to attract customers to buy online because they can share the profits from sales at their outlets with department stores where their shops are located, as […]
Read MoreThailand’s unemployment rose by 61,000 jobless workers in February from a year earlier, with bachelor’s degree holders maintaining the highest unemployment rate, according to the latest survey. The National Statistical Office reported on Thurday that 491,000 workers were left unemployed in February, representing 1.3% of the 38.42-million-strong workforce. There were 329,000 workers awaiting seasonal work, according […]
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