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…
Author: Ashley Wings
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…
“Discover the best time to visit Phuket for perfect beach weather, exciting activities, and budget-friendly travel. Plan your trip to this tropical paradise with our seasonal guide.” Introduction Phuket, Thailand’s largest island, is a tropical paradise known for its stunning beaches, vibrant nightlife, and rich cultural heritage. Planning the perfect trip to Phuket involves choosing the right time to visit. This guide will help you understand the best time to enjoy everything Phuket has to offer. The Climate of Phuket Phuket has a tropical monsoon climate, characterized by two main seasons: the dry season and the rainy season. Understanding these…
the government is eliminating the requirement for factory operators to obtain permits in order to install solar rooftop panels. In an effort to promote the use of renewable electricity, the government is eliminating the requirement for factory operators to obtain permits in order to install solar rooftop panels. Entrepreneurs who want to install a solar rooftop system that can produce more than 1,000 kilowatts, or 1 megawatt, of power must first obtain approval under current manufacturing legislation. Advancements in solar cell production have enabled entrepreneurs to efficiently generate significant amounts of electricity while minimising the space requirements for installation. Stringent…
Thailand’s transport minister, Suriya Juengrungreangkit, made the announcement yesterday, February 29, according To combat high ticket prices, six Thai airlines have decided to add 38 more domestic flights over the Songkran holiday. (Phuket GO will wager that flights for Songkran will remain pricey). Thailand’s transport minister, Suriya Juengrungreangkit, made the announcement yesterday, February 29, according to a Bangkok Post report. The minister says the extra flights will make another 13,000 seats available over the Songkran period. He was speaking after a meeting held to discuss the lowering of domestic airfares during the April holiday. On Wednesday, February 28, the Civil…
Most visitors are from China, with 1,114,316 during the first 8 weeks of the year, dominating the first place According to the minister of tourism in Thailand, 5,981,234 foreign tourists entered the country between January 1 and February 25. According to Sudawan Wangsuphakijkosol, this has generated about 290 billion baht in tourism earnings. Most visitors are from China, with 1,114,316 during the first 8 weeks of the year, dominating the first place for arrivals. They were followed by Malaysia, with 759,828, and Russia, with 397,006 travellers. South Korea and India are also proving to be lucrative markets, with 387,475 and…
According to real estate management firm Colliers, wealthy purchasers from Myanmar have been acquiring an increasing number of upscale properties in Thailand’s According to real estate management firm Colliers, wealthy purchasers from Myanmar have been acquiring an increasing number of upscale properties in Thailand’s major cities over the last two years, positioning them as the top foreign consumers in the real estate market. Karlo Pobre, Colliers’ deputy managing director, said that according to the Government Housing Bank’s Real Estate Information Centre (REIC), Myanmar buyers are most interested in properties in Bangkok, Phuket and Chiang Mai. REIC reported that buyers from…