Author: Ashley Wings
The authorities in Phuket are continuing their investigation into foreign-owned businesses, checking for those who The authorities in Phuket are continuing their investigation into foreign-owned businesses, checking for those who may be skirting the law and using Thai nominees. This includes people that have set up Thai companies for the sole purpose of being able to gain ‘ownership’ and control of Thai land. Whilst the practice has been a common ‘work around’ for decades, it has recently come under a lot more scrutiny. Phuket police are currently focusing on vehicle and property rental firms during recent investigations and raids. Suraphong…
the Japanese automakers are thinking about working together on software development and EV components NISSAN AND HONDA START EV TIE-UP TALKS AMID TESLA AND BYD COMPETITIONS TOKYO—In an effort to reduce costs and boost competitiveness in the face of formidable foreign rivals like China’s BYD Co. and Tesla Inc., Nissan Motor Co. and Honda Motor Co. announced on Friday that they had decided to begin a feasibility study for a strategic partnership in the production of electric vehicles and software technologies. According to them, the Japanese automakers are thinking about working together on software development and EV components, such as…
Serving as a lifeline for commuters and tourists alike, the BTS network offers a seamless way to navigate Serving as a lifeline for commuters and tourists alike, the BTS network offers a seamless way to navigate the bustling streets of Thailand’s capital city. Glide above the traffic congestion and explore Bangkok’s vibrant neighborhoods with ease, as the BTS connects key destinations, shopping districts, and cultural landmarks. Whether you’re heading to the iconic MBK Center for a shopping spree, exploring the trendy nightlife of Sukhumvit Road, or visiting the majestic temples along the Chao Phraya River, the BTS provides a fast…
The government is considering banning imports of corn from neighboring countries during January and April 2025 The government is considering banning imports of corn from neighboring countries during January and April 2025 to address the cross-border haze issue, said Prime Minister Srettha Thavisin. He also said related agencies are currently exploring methods to dispose of dried leaves and agricultural waste using microorganisms or repurposing them for benefits in other sectors as alternatives to burning. Meanwhile, the budget allocated for forest firefighters can now be disbursed, and he has instructed related agencies to ensure that volunteers are properly equipped. He stated…
Finland has temporarily stopped issuing new visas for berry pickers from Thailand, Cambodia, and Myanmar who applied at the Finland embassy in Bangkok. Finland has temporarily stopped issuing new visas for berry pickers from Thailand Finland has temporarily stopped issuing new visas for berry pickers from Thailand, Cambodia, and Myanmar who applied at the Finland embassy in Bangkok. This decision comes from Finland’s Ministry for Foreign Affairs due to an increasing problem of human trafficking associated with this program. The Finnish government aims to address this issue comprehensively before restarting the program in 2025, so they’re suspending the visa issuance…
Officials are looking into nine more Phuket companies on an ever-expanding list to see if Thai nominees are Officials are looking into nine more Phuket companies on an ever-expanding list to see if Thai nominees are being used to circumvent the rule that limits certain enterprises to Thai nationals. According to Yutthana Praedam of the Department of Special Investigation, an initial investigation completed yesterday reveals that the nine companies in question are compliant with the law, which states that a foreign national may not hold more than 49% of a business. To make sure the Thai stockholders on the list…
In response to allegations made on the internet that companies are refusing to serve Thai customers, the president of the Patong Entertainment Business Association has responded. In response to allegations made on the internet that companies are refusing to serve Thai customers, the president of the Patong Entertainment Business Association has responded. While acknowledging the occurrence, Weerawit Kreuasombat stated that the “issue isn’t widespread” and that businesses that decline to service Thai customers typically have good reason (though she didn’t indicate what that “reason” would be). According to a Phuket News report, Weerawit says the accusations circulating online are negatively…
7.213 billion baht in 2023, a 31% increase over 2022. Since the company was founded in Thailand 38 years ago, this is the biggest income in its history Bangkok – On March 12, 2024, Ms. Kittiwan Anuvejsakul, Executive Chairman of McThai Co., Ltd., the company that runs McDonald’s, made an announcement stating that the restaurant had sales of 7.213 billion baht in 2023, a 31% increase over 2022. Since the company was founded in Thailand 38 years ago, this is the biggest income in its history. Additionally, net profit surged to a new all-time high of 315 million baht, up…
Thailand’s tourism officials are hopeful this year’s Songkran holiday will generate 24.4 billion baht in revenue. The Tourism Authority of Thailand says the 5 day holiday should attract 510,000 foreign Thailand’s tourism officials are hopeful this year’s Songkran holiday will generate 24.4 billion baht in revenue. The Tourism Authority of Thailand says the 5 day holiday should attract 510,000 foreign visitors and 4.29 million domestic trips. The TAT says the domestic trips should generate around 15.6 billion baht, with Bangkok alone expecting 3.7 billion baht from 635,590 domestic trips. Meanwhile, international tourism is expected to result in 8.76 billion baht…
The Italian-Thai Development Public Company Limited (ITD), which has assets of over 100 billion baht (2.83 billion U.S. dollars), Bangkok – The Italian-Thai Development Public Company Limited (ITD), which has assets of over 100 billion baht (2.83 billion U.S. dollars), liabilities of over 100 billion baht, and annual revenue of 50–60 billion baht (1.41–1.69 billion U.S. dollars), is the talk of the town in the Thai construction contractor industry. Liquidity issues are plaguing the company run by the Karnasut family, who have dominated the construction empire of massive projects both locally and abroad for more than 60 years. They are…