legislation
- 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…
- Thailand News
Thailand aims to amend laws to boost arms exports
The Thai Defence Ministry is moving to amend four key laws to facilitate arms exports, namely domestically produced weapons, aiming to bolster Thailand’s defence industry. During a recent meeting, Defence Ministry officials, including General Somsak Rungsita and Vice Defence Minister Jumnong Chaimongkol, discussed the necessary changes to national security legislation. High-ranking representatives from the Defence Industry Department, the Defence Technology…
- 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…
- Thailand News
Thailand’s bold leap: Marriage equality legislation set to light up Parliament
Thailand‘s Cabinet greenlighted a historic draft legislation on marriage equality, sparking hopes for a significant stride towards inclusivity. Prime Minister Srettha Thavisin announced the pivotal decision on November 21, marking a potential turning point for the nation’s LGBTQ+ community. In a nation renowned for its vibrant LGBTQ+ scene, the legislation aims to bridge the gap between societal shifts and traditional…
