Search Results for: foreign investors
- Guides
Securing Thai property loans: hurdles for foreign investors
Navigating the maze of procuring a loan in Thailand can be a challenge, especially for foreign investors. With a tightening regulatory environment since 2015, it’s become even more crucial to understand the landscape. If you’ve ever wondered about the ins and outs of securing a loan in this Southeast Asian hub, you’re in the right place. In the past, many…
- Business News
Thai stocks shed by foreign investors amidst delayed US rate cuts
The Stock Exchange of Thailand (SET) reported that foreign investors offloaded Thai stocks to the tune of 68.9 billion baht (US$ 2 billion) in the first quarter, with 41.2 billion sold in March alone. This trend is linked to the delayed US interest rate cuts, weaker financial performance of Thai companies compared to those on other exchanges, and overall economic…
- Business News
Thailand stock exchanges extend trading hours to attract foreign investors
The Stock Exchange of Thailand (SET) and the Market for Alternative Investment (MAI) announced an extension of their daily trading hours starting March 25. This move will see the afternoon session open half an hour earlier, thus facilitating five hours of trade on the two exchanges daily. The SET stated that this alteration in trading hours is an effort to…
- Business News
Thailand’s EV policies and tech partnerships attract foreign investors
The Federation of Thai Industries (FTI) has projected that Thailand will become increasingly appealing to foreign investors, backed by distinct government policies encouraging investment. Prime Minister Srettha Thavisin recently endorsed a policy designed to stimulate Electric Vehicle (EV) production and consumption between 2024 and 2027. This incentive package, known as EV 3.5, is expected to be a significant determinant in…
- World News
Indonesia introduces golden visa scheme to attract foreign investors
Indonesia has launched an initiative to draw foreign individual and corporate investors with the introduction of a golden visa scheme, aimed at bolstering the nation’s economy, according to an announcement made by the Ministry of Law and Human Rights. The director-general of Indonesia’s immigration Silmy Karim explained the new long-term, high-value visa plan. “The golden visa is granting a residence…
- Thailand News
Affordable and enriched living in Thailand attracts foreign investors
Thailand is making waves on the world stage with what International Living defines as its attractive blend of enriched living at pocket-friendly costs. The gem in the Thai living appeal seems to be the lucrative real estate sector where, as International Living puts it: “Foreigners are able to buy condos very easily and there are bargains everywhere.” Along with attractive…
- Property News
Foreign investors target luxury Bangkok condos, India eyes Pattaya properties
Foreign buyers are showing renewed interest in luxury condominiums in Bangkok, with potential investors primarily coming from China, Myanmar and India. Yesterday, Capital One Real Estate and its representatives have reaffirmed that Thailand’s real estate market is showing positive signs as their portfolio value is on track to reach 50,000 million baht (US$1.42 billion). As a result, foreign market sales…
- Business News
Foreign investors sell 100 billion baht in Thai stocks and shares amid global rate rise
In the first five months of this year, foreign investors offloaded almost 100 billion baht worth of Thai shares, with 33.4 billion baht sold in May alone, due to increasing global interest rates and uncertainties surrounding the formation of a new government. Despite this, the Stock Exchange of Thailand (SET) expressed optimism yesterday, believing that the recent easing of the…
- Thailand News
Thailand to host ‘economic roadshows’ to attract foreign investors
Thai PM Prayut Chan-o-cha has ordered the relevant authorities to host “economic roadshows” to draw foreign investors back to Thailand. The first event was held in Japan earlier this month, from April 13 – 23, with similar events planned for European countries, as well as the US, South Korea and Taiwan. During a press conference this morning, deputy spokesperson Trisulee Trisaranakul…
- Thailand News
Foreign investors sell 123 billion baht in bonds since Russia’s war in Ukraine
Foreign investors of Thai bonds are selling off their baht in favour of the US dollar. Since Russia’s invasion of Ukraine, the Thai bond market has recorded net sales of some 123 billion baht in foreign capital. That’s according to the Thai Bond Market Associate, which reported the data for February 4 to March 28. Last month, about 100 billion…
- Pattaya News
Foreign investors keep a close eye on struggling Pattaya hotels
With Pattaya hotel operators in dire financial straits brought on by the lack of tourists during the pandemic, foreign investors are apparently keeping a close eye on the situation. The hotel operators in the tourist city are being warned that if they do not get assistance for their outstanding loans, then their businesses could be taken over by foreign investors.…
- Economy News
Foreign investors eye business in Thailand as hotels face closure during new outbreak
The new wave of Covid-19 infections this month has led to a drop in occupancy rates at Thailand hotels, some reporting drops of 5% to 30%, battering hoteliers that have already been struggling from a year of little to no foreign tourists. Some hotel operators have been forced to sell their businesses, according to the president of the Arjarnnar Asset…
- Business News
Foreign investors and businesspeople seek clarity about the current “situation” in Thailand
With Thailand battling to come up with a safe and sustainable manner of re-opening its borders, and the footage of the street protests reaching out to a world audience, foreign investors are saying they need more details of what they can or cannot do in Thailand under the new State of Emergency. The Thai Chamber of Commerce is calling for…
- Economy News
Key foreign investors could be exempt from quarantine
Key foreign investors might get to skip out on the 14 day quarantine required for travellers entering Thailand. Allowing high spending investors a free pass on the isolation period is aimed to help revive the economy after it was battered by the pandemic. The Centre for Economic Situation Administration, or CESA, is expected to discuss the proposal today. Special measures…
- Business News
Strong interest of foreign investors in Phuket’s resorts – JLL report
PHOTO: Dhawa Phuket “In the Asia Pacific, Phuket is one of the three hotel investment markets in the region that have been highlighted.” Buoyed by the rise of experience-driven travel and an affinity toward locally-inspired hotel offerings, resort assets remain a top target among investors. According to JLL Hotels & Hospitality’s Global Resort Report, resort sales accounted for 20% of…
- Business News
China announces policies to lure foreign investors
PHOTO: Shanghai skyline – QANTAS Are the Chinese removing layers of ‘red’ tape? China is offering 20 new measures friendly to foreign investors, removing business restrictions to encourage a more “fair, transparent and predictable” business environment. China’s State Council released a guideline pledging to shorten negative lists and eliminate restrictions, opening up more sectors to foreign investors. The Nation reports…
- Thailand News
Chinese man arrested for using Thai ID card to lure foreign investors
PHOTOS: Tourist Police Bureau A Chinese man has been arrested at Suvarnabhumi Airport after using a Thai ID card to operate fraudulent businesses. The Tourist Police have arrested Chinese man ‘Zhang Qing Po’ who used a Thai identification card with the name ‘Tawatchai Laoyeepao’ The arrest follows an investigation where officers discovered that Tawatchai was advertising on a Chinese website…
- Thailand News
Phuket Gazette Thailand News: Both sides suffer from violent clashes; New plan to pay rice farmers; MP registration by mail; Foreign investors continue retreat from stock market
PHUKET MEDIA WATCH – Thailand news compiled by Gazette editors for Phuket’s international community On both sides, victims share the bitter pain of street clashes Phuket Gazette / The Nation PHUKET: A junior policeman has become a hero for kicking away a grenade in his bid to protect colleagues during a Bangkok clash – but his wife thinks his fame…
- Phuket News
Foreign investors in Phuket facing police investigation
PHUKET: A fact-finding effort is underway in Phuket to compile information about local businesses in which Thai people are hired by foreigners as their nominees – a practice which is generally illegal under Thailand’s harsh Foreign Business Act. Provincial governor Wichai Phrai-sa-ngob, who ordered the investigation, said he was not discriminating against foreign investors, but guarding against the illegal use…
- Phuket News
Another blow for foreign investors
BANGKOK (AFP): Thai Prime Minister Thaksin Shinawatra today urged developing Asian nations to abandon economic policies modeled after the United States and Japan, and to try to build local businesses rather than attract foreign investors. At the opening of the 57th session of the UN Economic and Social Commission for Asia and the Pacific (ESCAP), Thaksin said that economic reforms…
- Business News
Foreign income tax proposal raises eyebrows among retail investors
A call has been issued to the government to reconsider the proposed foreign income tax, which could significantly impact retail investors with overseas investments, according to Jitta Wealth Asset Management. Trawut Luangsomboon, Jitta’s chief executive, voiced his concerns about the Revenue Department’s plan to include assessed income from abroad in the personal income tax calculations. He pointed out that the…
- Visa Information
Thailand approves plan to attract highly-skilled foreign workers, investors, wealthy retirees
Measures aimed at attracting wealthy long-stay foreigners to Thailand have been approved in principle by Cabinet. The government is targeting foreign investors, highly-skilled professionals and wealthy retirees in a bid to develop the Covid-battered economy. Long-term residence visas of up to 10 years are on offer, along with work permits for those who qualify, according to Thai PBS World. Government…
- Thailand News
Thai investors flee Myanmar chaos, pulling out 253 billion baht
Thai companies are fleeing Myanmar amid escalating conflict and economic instability. The ongoing clash between Myanmar’s military government and opposition forces shows no signs of easing, prompting Thai firms to withdraw a staggering US$7 billion (around 253 billion baht) in investments. Once the third-largest investors in Myanmar, Thai companies are now ranked 5th, with investments plummeting from US$11.6 billion in…
- Business News
Thailand woos Saudi investors with EV sector opportunities
Thai officials are set to attract Saudi Arabian entrepreneurs to invest in Thailand’s S-curve industries, particularly following their interest in the electric vehicle (EV) sector. Efforts to promote Thailand to potential investors will take place during a roadshow in Saudi Arabia, while also supporting Thai businesses aiming to expand into the Middle East, according to Narit Therdsteerasukdi, Secretary-General of the…
- Business News
Foreign funds return to Thai stocks amid Fed rate cuts
Foreign fund inflows show signs of returning to the Thai stock market in the second half of 2024, driven by the anticipated US Federal Reserve interest rate cut, a rebounding Thai economy, and the financial results of listed companies. Soraphol Tulayasathien, Senior Executive Vice-President, highlighted that developing countries are experiencing increased production capacity for exports, signalling a global economic recovery.…
- Business News
Political risks threaten foreign investment in Thailand
Siam Commercial Bank (SCB) EIC Research Centre warns that heightened political risks are casting a shadow over foreign investment in Thailand’s financial, capital, and long-term direct investment markets EIC Chief Economist Somprawin Manprasert warned that various political risks and uncertainties could significantly impact foreign investor confidence and lead to substantial capital outflows from offshore investors in the Thai equity market.…
- Thailand News
Foreigners can now own land in Thailand: Land Dept
Thailand updates criteria for foreign land ownership: heirs can inherit land, investors need 40 million baht, writes The Nation. Foreign land ownership in Thailand is a complex issue, primarily dictated by the Land Code Act of 1954, which generally prohibits foreigners from owning land outright. This law is designed to maintain national control over Thailand’s valuable natural resources. There are,…
- Business News
SET unveils plan to boost foreign and family business investments
The Stock Exchange of Thailand (SET) unveiled a strategic business plan targeting foreign industries operating in Thailand and family businesses, aiming to boost market capitalisation. SET executives highlighted the shift in investment trends, particularly post-pandemic, with technology stocks rising as traditional businesses adapt to the digital age. SET officials noted that the Thai market has faced trust and confidence issues…
- Business News
Foreign business as usual: Thailand schools diplomats on investment
The Department of Business Development in Thailand hosted a briefing for diplomats and international organisation representatives to clarify the Foreign Business Act (FBA) of 1999. The objective was to educate foreign investors on the law to ensure compliance and proper investment practices in Thailand. The Director-General of the Department, Auramon Supthaweethum, stated that the meeting aimed to help foreign investors…
- Thailand News
Thai PM explores potential projects with Italian investors in Milan
Prime Minister Srettha Thavisin embarked on a visit to Milan, Italy, where discussions with prominent investors from financial institution Intesa Sanpaolo highlighted potential avenues for collaboration on key infrastructure projects in Thailand. During his meetings, the 62 year old Thai prime minister disclosed plans regarding the Land Bridge project and the possibility of hosting a Formula One race in Thailand.…
