legislation
- Business News
Thailand drafts law for new financial hub with competitive incentives
The Finance Ministry has completed drafting legislation for a financial hub and plans to present it to the Cabinet by early February. Deputy Finance Minister Paopoom Rojanasakul stated that this legislation offers more privileges and authority than the Eastern Economic Corridor laws. The government is committed to advancing this draft law. Once Cabinet approval is obtained, it will be submitted…
- Thailand News
Game on: Thailand to level up with new Game Industry Act
Thailand’s Digital Economy and Society (DES) Ministry is set to draft the Game Industry Act, aiming to address the rapid growth of the video game sector, valued at 40 billion baht annually. The initiative also seeks to position Thailand as a key player in the regional gaming market, according to the ministry. Nuttapon Nimmanphatcharin, President and Chief Executive of the Digital…
- Business News
Thailand gamble: Locals to roll the dice on new casino complex
Thailand’s proposed entertainment complex project, which includes a casino, is set to draw primarily Thai gamblers, with up to 90% of customers expected to be locals, as per the Finance Ministry. Public hearings are currently being held for the draft law related to the entertainment complex, in accordance with constitutional requirements. A special House committee, led by caretaker Deputy Finance…
- Cannabis
Thai PM urged to sign Cannabis Act amid legislative delays
A letter urging the prompt signing of the Cannabis Act has been submitted to Thai Prime Minister Srettha Thavisin. The Shaping the Future of Thai Cannabis network, led by spokesperson Chokwan Chopaka, delivered the letter, which was received by mass communication expert Pansak Charoen. The letter stressed the Thai premier’s previous commitment to regulating cannabis through specific legislation, particularly the…
- Cannabis News
High times: Thai cannabis use soars, sparking reclassification talks
The use of cannabis among young adults in Thailand has escalated tenfold in the past two years, drawing attention to the government’s plan to reclassify cannabis as a narcotic, according to the public health minister. The reclassification proposal is expected to be rooted in scientific evidence. Health Minister Somsak Thepsuthin yesterday highlighted the significance of empirical data in addressing the…
- Business News
Boardroom balance: Thailand trails in female representation stakes
Thailand falls slightly short of the Southeast Asian average for women in board positions, with 19% compared to 19.9%, as revealed in the 2023 Women in the Boardroom report by Deloitte Global. This figure also remains behind the global average of 23.3%. Nevertheless, Thailand ranks second in Southeast Asia for female chief executives, equalling Singapore’s 11.9% and sitting just behind…
- Thailand News
Charter change up for a vote: Referendum needed, House speaker
A referendum is required to get voters’ approval before the charter amendment proposals can be considered, according to Wan Muhamad Noor Matha, the House Speaker. He was responding to questions about a possible special House session for the first reading of the 2025 fiscal year’s budget bill. He added that it remains undetermined if other significant legislation will be discussed…
- Business News
Vietnam cuts bank stake limits to curb market manipulation risks
Vietnam’s legislature passed a resolution to decrease the maximum stake investors can own in domestic banks. Coming into force in July, the law will limit the equity held by institutional investors, such as pension or investment funds, to 10%, down from the current 15%. The adjustment has been made in an attempt to mitigate the risk of market manipulation. This…
- Crime News
Cannabis divide deepens ahead of General Election in Thailand
The future of marijuana in Thailand may become uncertain as political parties contesting in the upcoming national election call for the repeal of cannabis decriminalisation, which has been in effect for approximately one year. Pheu Thai Party‘s Paetongtarn Shinawatra, a prime ministerial candidate, has voiced her concerns about liberalised cannabis at a recent rally, stating the need to suppress drugs.…
