In the first quarter, Russians and Chinese bought condos in popular resort towns such as Pattaya and Phuket for rental purposes. The Bangkok Post reported that foreign buyers dominated the condominium market in the first quarter of 2024, with new units concentrated in major tourist destinations and a combined investment value of more than 56.6…
The Cabinet has made a significant move by approving a proposal to legalise casino entertainment complexes in Thailand. This decision, which comes after public hearings, marks a potential turning point in the country’s entertainment and tourism industry. The Cabinet has approved the report of the House of Representatives ad hoc committee on legalising entertainment complexes…
Nearly 15 million tourists have visited Thailand since the beginning of the year. Thailand has seen a significant surge in foreign tourist arrivals, with a 38 per cent increase in the first five months of this year compared to the same period last year. Thailand has seen a significant surge in foreign tourist arrivals, with…
Phuket authorities propose designating the province as a particular administrative region to collect and distribute tax revenue independently. Phuket’s governor has proposed designating the island province as a particular administrative region to gain more authority over tax collection and budget allocation. This would allow Phuket to develop on par with Bangkok and Pattaya regarding the…
Thailand’s Ministry of Commerce has revealed the unexpected leaders of the Thai economy and promising areas for business development and investment. The Department of Business Development, Ministry of Commerce of Thailand, has unveiled a list of the ten most profitable types of businesses in 2023. According to an analysis of financial reports of companies operating…
Thailand’s prime minister has unveiled ambitious plans to develop the country as a tourism, medical, agricultural and financial centre. Prime Minister Settha Thavisin has unveiled his own vision to transform Thailand into a sustainable centre for tourism, health and wellness, agriculture, food processing, aviation, logistics, future mobility, financial services and the digital economy. Speaking at…
Thailand’s prime minister has unveiled ambitious plans to develop the country as a tourism, medical, agricultural and financial centre. Prime Minister Settha Thavisin has unveiled his own vision to transform Thailand into a sustainable centre for tourism, health and wellness, agriculture, food processing, aviation, logistics, future mobility, financial services and the digital economy. Speaking at…
Three public hearings will decide the fate of an ambitious bridge project connecting Samui Island to mainland Thailand. According to the Bangkok Post, Thailand has resumed public hearings on an ambitious bridge project that would connect the famous tourist island of Koh Samui to the Thai mainland. The first round of hearings identified possible entry…
Japan’s four largest carmakers will invest 150 billion baht in Thailand over five years to develop the electric vehicle industry. Four major Japanese carmakers are set to invest 150 billion baht in Thailand’s electric car industry over the next five years, the Bangkok Post reported, citing a statement from government spokesman Chaya Vacharonke. Toyota Motor…
A bank account and mobile phone SIM card must be registered in the same name to use mobile banking. The telecoms regulator said accessing bank accounts via a banking app from smartphones with a SIM card registered in a different name will require authorisation on a case-by-case basis, as it begins a crackdown on the…