foreign investors
- Business News
Franchise frenzy: Commerce Ministry ramps up business game
Aiming to bolster its capabilities, the Commerce Ministry is set to upgrade franchise businesses, hasten the creation of franchise business standards, and foster relationships with domestic and international investors. The strategy is designed to expand the market and stimulate economic value. The Director-General of the Business Development Department under the Commerce Ministry, Auramon Supthaweethum, highlighted the appeal of the franchise…
- Business News
Thai baht heads for poorest January since 2020
The Thai baht, after experiencing a nearly 4% loss compared to the US dollar, is on track for its poorest January performance since 2020. The currency’s downfall signals further challenges ahead, given the significant outflows. Emerging Asia’s top-performing currency in the fourth quarter turned into this year’s biggest loser as global funds avoid Thai assets. This comes amid a dispute…
- Business News
Thailand seeks 1 trillion baht investment for southern land bridge
The Office of Transport and Traffic Policy and Planning is organising a roadshow targeting foreign investors for the upcoming southern land bridge megaproject. Scheduled to kick off next month, the roadshow will span 10 countries, including notable names in the logistics and maritime shipping sectors, such as China, Japan, France, and Taiwan. The intelligence gathered from this event will be…
- Business News
SET anticipates foreign investor return amid economic policy progress
The Stock Exchange of Thailand (SET) anticipates a resurgence of foreign investors as progress in the nation’s economic policies, baht stability, and economic recovery gains momentum. Over the past eight months, foreign investors have sold more than they purchased, resulting in a net outflow of 22.4 billion baht (US$ 606,388,832). Despite this, the foreign investor trading ratio remained the highest…
- Business News
Japanese investors seek Thai tech startups for regional expansion
Thai tech startups have caught the attention of Japanese investors, who are keen to support their expansion into regional markets, according to an executive at Bank of Ayudhya (Krungsri). Southeast Asia, and Thailand in particular, are considered prime investment locations for Japanese investors, who see potential in the country’s high-growth tech startups. Bunsei Okubo, head of Japanese corporate and multinational…
- Visa Information
Sales of Thailand Elite Card to Chinese nationals up 185%
The number of new Chinese nationals who have joined the Thailand Elite Card programme has risen steeply from 1,100 in 2021 to 3,100 this year, growth of 185%. Yuthasak Supasorn, chairman of Thailand Privilege Card, operator of the programme, said the number of new Chinese members had risen from 1,100 in 2021 to 3,100 this year, the overall number of…
- Economy News
Thai stock market is a favorite among foreign shareholders
Last month, foreign investor confidence in Thai stocks stayed strong, with the kingdom’s stock exchange recording net inflows of nearly 140 billion baht for the sixth month in a row. International investors believe that any food shortages will have a minimal effect on the Thai economy and that the tourism sector will rebound in the second half of 2022, according…
- 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…
- Economy News
Reform urged for foreigners to invest or buy condos in Thailand
The vice-chairman of the Board of Trade of Thailand is calling for amendments to the restrictions and processes for foreigners to buy condos and invest in the country. He said the process is unnecessarily complex, and steps need to be taken to improve procedures and conditions if Thailand’s plan to lure wealthy pensioners is to gain any traction. He called…
- Visa Information
Thai cabinet approves new visa package to lure wealthy expats and digital nomads
The government is forging ahead with a new visa package that targets rich expats, in an attempt to inject some foreign money into an economy decimated by Covid-19. The package will include attractive perks, such as a 10-year visa that covers not just the individual, but their spouse and children too. It also partially addresses the so-called digital nomads – people…
- 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…
- World News
Myanmar cancels Thai investment in the Dawei Special Economic Zone
The Dawei Special Economic Zone Management Committee has announced the cancellation on the deep seaport project contract with Italian-Thai Development (ITD), one of Thailand’s leading industrial firms, by saying that they “lost confidence” in the company after long, controversial issues. The Dawei Special Economic Zone Management Committee said that the Thai company has caused them “repeated delays, continuing breaches of…
- Visa Information
Government aims to offer work permits to foreigners who invest at least US$1 million
Probably the most expensive Work Permit in the world. The Thai government is considering offering work permits to foreigners who invest at least US$1 million in Thai property or businesses. The Centre for Economic Situation Administration has approved a proposal to grant work permits to eligible Elite Card holders. In order to qualify, they must have the top-tier Thailand Elite…
- Thailand News
Thailand News Today | Poll-Keep borders closed, quarantine exemption, heavy rain | October 7
Today’s Thailand News Today with Tim Newton… Zoos to be investigated for possible involvement in black market animal trade Zoos across Thailand will be investigated for possible involvement in the black market wildlife trade. The probe follows a case where 2 rare albino barking deer went missing at Songkhla Zoo and a top zoo official investigating the disappearance was shot and…
- World News
Thailand’s eastern economic zone lobbies for increase in foreign business visitors
Thailand’s Eastern Economic Corridor is pushing for more foreign business people to be allowed to enter Thailand when the country reopens for international visitors. No date has yet been confirmed for this. The EEC is a special economic region consisting of the eastern provinces of Chonburi, Chachoengsao, and Rayong, with the purpose of developing these provinces into an important ASEAN…
