Business

The Tourism Authority of Thailand (TAT) won the Outstanding Achievement Award for Best Travel Marketing Effort at the 32nd Annual TTG Travel Awards 2023. The award was given for their initiatives to promote Thailand's tourism, especially after the pandemic. The award was personally selected by TTG's editorial team. TAT Wins...

Expected next year are free trade agreements with the European Union, United Arab Emirates, and Sri Lanka. Thailand is set to finalize free trade agreements (FTAs) with the European Free Trade Association (EFTA), Sri Lanka, and the United Arab Emirates (UAE) in the second and third quarters of next year....

The Bank of Thailand (BOT) has announced that it is providing more flexibility for non-residents who have trade and investment in Thailand. Key TakeawaysThe Bank of Thailand is providing more flexibility for non-residents to undertake Thai Baht transactions without submitting supporting documents, including managing Thai baht liquidity in their Non-resident...

The Revenue Department in Thailand has announced a new policy that will subject residents who earn overseas income to personal income tax if they reside in the country for up to 180 days a year. The Revenue Department in Thailand has implemented a new policy that subjects residents earning overseas...

Four major Thai banks, including Thai Military Bank, Bank of Ayudhya, CIMB Thai Bank, and Bangkok Bank, have decided to close their branches in Laos. Key Takeaways Major Thai banks are closing branches in Laos due to stricter regulations and decreased business activities. The banks cited tighter regulations imposed by Lao authorities,...

The State Bank of Vietnam (SBV) has officially joined the Regional Payment Connectivity (RPC) initiative, expanding the memorandum of understanding signed by central banks of Indonesia, Malaysia, Philippines, Singapore, and Thailand. The State Bank of Vietnam has joined the Regional Payment Connectivity initiative, expanding collaboration on faster, cheaper, and...

PM to attend UN General Assembly in New York: The Prime Minister has confirmed his attendance at the UN General Assembly in New York. This annual event is crucial for global leaders to address pressing issues and facilitate diplomatic discussions. Prime Minister Srettha Thavisin has announced his plans to attend...

Esso Thailand, a petroleum company, has been acquired by Bangchak Corporation after ExxonMobil sold its majority stake. As a result, all Esso petrol stations in Thailand will operate under the Bangchak brand. Key Takeaways: Bangchak Corporation has acquired a majority stake in Esso Thailand, leading to the rebranding of...