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Thailand seems to be undaunted by the European economic crisis as well as the economic slowdown felt in other parts of the world, with their appetite for construction and public debt not satisfied by ongoing projects. Thailand’s construction activities are about to increase as the government is poised to approve yet another huge infrastructure spending […]
Foreign expatriates in Phuket and in other parts of Thailand are best advised to open a local Thai bank account if their work requires them to stay in Thailand or Phuket for most of the year. While most of the expats are already carrying their home country’s ATM cards for their bank accounts from back […]
Thailand with its impressive economic growth despite the economic downturn being experienced by other countries around the globe, is again set to add another milestone to their unparalleled efforts in making the country politically strong, economically stable and industry-wise. In its latest promotion strategy, the country is on its way to becoming a knowledge-based economy, […]
At the beginning of 2013, Thailand’s mobile phone service fee must be adjusted and capped at 99 satang per minute as ordered by the National Broadcasting and Telecommunications Commission or NBTC. The new service fee of not more than 99 satang per minute is in line with the NBTC’s previous announcement in April 2012, stipulating […]
According to Thailand’s Board of Investment report, the 11-month investment promotion applications value for 2012 almost reaches a historic 1 Trillion Baht. The total value of investment from January to November 2012 reached 936.2 Billion Baht confirming the continuous confidence of foreign investors in Thailand. This was expressed by the Industry Minister Prasert Boonchaisuk. He […]
On January 8, 2013, the Thai government passed the approval of a mini-package to help alleviate the situation of small and medium enterprises or SMEs which has been affected by the recent passing of a nationwide increase of the minimum wage to Baht 300 per day. Said wage increase which took effect on January 1, […]
By Investopedia definition: “A fund invested primarily in bonds and other debt instruments. The exact type of debt the fund invests in will depend on its focus, but investments may include government, corporate, municipal and convertible bonds, along with other debt securities like mortgage-backed securities.” People usually think of bonds as safe investments but there […]
In December 2012, Thailand’s tourism industry hit the 21 million mark on tourist arrivals. Travel experts are predicting that it is likely to grow by over 10% next year and about 23 million tourist arrivals are expected to visit the country in 2013. This projection is made on the assumption that Thailand will not have […]
The continuous economic development and growth of Thailand may be attributed to the government’s aggressive campaign to invite foreign investment in the country, and in the presence of an efficient workforce, workable business infrastructure and a strong support from the government. And like other industrial countries, Thailand employs different forms of corporate structures that have […]
Thailand’s labor force welcomed one of the most important changes to the Thai economy in April 1, 2012 as the government implemented the new minimum wage in Bangkok and six of Thailand’s 75 provinces including Phuket from Baht 215 per day to Baht 300 per day. The wage hike was an unprecedented 40 percent jump. […]
