Business

Thailand has been identified as one of the countries that has made significant improvements in its business environment by The Economist Intelligence Unit (EIU). The EIU's annual survey determined that Thailand has significantly improved its ranking in areas such as the quality of its telecommunications infrastructure, the efficiency of...

Thailand’s Excise Department has announced plans to introduce a carbon tax on the energy, transport, and industrial sectors. The aim is to help Thailand achieve carbon neutrality by 2050 and net zero greenhouse gas emissions by 2063. The carbon tax will also encourage companies to shift towards cleaner or...

The Songkran festival is expected to be livelier this year, with a predicted surge in participants. The annual festival, which is celebrated across Thailand, signifies the traditional Thai New Year and is marked by water-throwing and street parties. After last year's muted celebrations due to the COVID-19 pandemic, many Thai...

Revenue Dept. to tax Youtubers, online vendors and influencers. All must comply with new tax regulations. The Revenue Department of Thailand has announced that Youtubers, social media influencers and online vendors will be taxed on their advertising revenue, sales of merchandise or donations. The department will use technology to make...

BANGKOK (NNT) – Thailand has brought back its 30-day visa exemption policy for visitors from approximately 60 countries, effective April 1, 2023. This marks a reversal of the previous rule which allowed visitors from these countries to stay up to 45 days without a prior visa. Visitors from countries such...

In February 2023, the Thai economy continued to improve from the previous month according to the latest press release published by the Bank of Thailand on March 31st. In February 2023, the Thai economy continued to improve from the previous month. The value of merchandise exports picked up in line...

In June 2022, the Thai government made the bold decision to decriminalize cannabis production, sale, and personal use, which has resulted in significant consequences. This move serves as an example for other Asian countries to follow. An unregulated, vast industry has quickly emerged, surprising many onlookers. In large cities, specialized...

The Market for Alternative Investment (mai) saw a 20.1 percent year-on-year increase in total sales, reaching THB 214.69 billion (approx. USD 6.22 billion) in 2022. Operating profits also rose by 1.8 percent year-on-year, amounting to THB 12.56 billion. However, this growth was driven by increases in the cost of...