Business

In the United States, foreign nationals are generally allowed to own property and start businesses, but there are specific regulations and considerations depending on the type of ownership. Below is an overview of foreign ownership rights for both real estate and business ventures in the U.S. 1. Foreign Ownership of Real Estate in the USA Residential Property Foreign nationals are generally allowed...

Bangkok, 20 June 2024 – The Tourism Authority of Thailand (TAT) and Jeollanum-do have signed a Memorandum of Understanding to jointly promote Thailand’s Songkran Festival and Jeollanam-do’s Jeongnamjin Jangheung Water Festival to a global recognition. In the presence of H.E. Mr. Tanee Sangrat, Ambassador of Thailand to the Republic of Korea, the MOU was signed by TAT Governor, Ms. Thapanee...

The Bank of Thailand’s Monetary Policy Committee has made a surprise decision today to cut the policy interest rate amid pressure to avert an economic slowdown and hedge the heightened trade war between the US and China. The MPC cut the interest rate by only 25 basis points to 1.5 %. But the cut is significant. Of the seven-member committee, five voted for the cut while two voted to maintain the rate at...

London’s financial services industry is already planning to move business overseas due to the uncertainty of the Brexitprocess, the head of the British Bankers’ Association has warned. Anthony Browne blamed fears that European Union (EU) politicians will want to erect trade barriers in an attempt to weaken the City of London during the Brexit negotiations for the planned moves. Smaller banks could...

INDUSTRIES AND MANUFACTURING IN THAILAND Manufacturing and industry have played a significant role in Thailand’s economic growth. Since most manufactured products are export items they bring tremendous amount of income to the country each year. Major Industries include: tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry and electric...

Thailand has come a long way in recent years, perhaps a lot further than what many people might imagine. The economy has seen steady growth over the last 25 years with this expected to continue at between 2.9% and 3.3% between 2016 and 2018 according to The World Bank. This growth is certainly significant when you consider other countries in the region are experiencing slowing growth or are already a long...

With the Thailand 4.0 blueprint becoming a key driver of evolution towards a value economy, Thailand is set to become a centre of innovation and technology in South East Asia. Alibaba has recently announced their strategic partnership with the Thai government in support of Thailand 4.0, which will bolster developments in e-commerce and digital talent. A “Smart Digital Hub” aimed at boosting regional...

Thailand saw moderate activity last year, with subdued private investment and manufacturing virtually stagnating for the second consecutive year. Moreover, the death of King Bhumibol Adulyadej in October cast a cloud on consumer sentiment, especially due to an official year-long mourning period. However, there is a silver lining as recent indicators suggest a slight uptick in activity in Q4: exports...

A court ruling on Airbnb in Hua Hin was meant to weaken sentiment among condo buyers who buy units to rent out on a daily basis. Yet the data shows the number of daily-leasing units continues to rise. Apichart Chutrakul, chief executive of SET-listed Sansiri Plc which has developed a large number of condo projects in Bangkok and the provinces said developers cannot stop condo buyers who want to rent out...

Author: Pharadon Heemmuden Highlight The market outlook for rubberwood exports is bright thanks to an increasing supply, as well as demand, especially from China, where the furniture industry is growing. Thai rubberwood is competitive in the global market due to its price and quality. EIC sees increased potential for the local production of rubberwood furniture and other wooden products, which will...