The Ministry of the Interior is investigating more than 100 companies on the island that are concealing billions in revenue through foreign control. Thailand’s Ministry of the Interior has launched a large-scale investigation into the financial activities of more than 100 companies in Phuket suspected of using schemes involving foreign nominee owners. It is estimated…
The Kingdom is encouraging foreign car manufacturers to set up factories and use locally sourced parts to develop its status as a regional hub by September. The Thai Ministry of Finance plans to introduce a package of tax incentives by September 2024, designed to encourage foreign car manufacturers to establish production facilities in the Kingdom…
The authorities are increasing subsidies for propane-butane, keeping the cost of fuel and goods down until the end of October at the expense of the fund’s reserves. Thailand’s Ministry of Energy has announced an increase in the subsidy for liquefied petroleum gas (LPG) to stabilise domestic gas prices. This decision, however, increases the financial burden…
Residents’ financial habits and high debt levels are becoming the main reasons for housing loan rejections. In Thailand, mortgage loan denials have increased significantly. The main reasons for this decline are less about low incomes and more about borrowers’ financial habits and overall debt levels. According to the Government Housing Bank of Thailand (GH Bank),…
The government is preparing a flexible long-term savings mechanism for citizens facing an ageing society. The Thai Ministry of Finance plans to launch a new individual savings account program, known as the Thailand Individual Savings Account (TISA), by September 2026. This initiative aims to encourage savings among the population further, building on the successful experience…
The city authorities expect a billion baht in revenue, but the hotel industry fears high rates and damage to the region’s attractiveness. The Bangkok Metropolitan Administration (BMA) is considering introducing a three-per cent tourism tax on hotels and other accommodation establishments. The BMA estimates that this measure could generate approximately 1 billion THB (approximately USD…
From May 2025, Thailand will switch to TM6 digital immigration forms for all foreigners arriving in the kingdom by air, land, or sea. From May 1, 2025, Thailand will require all arriving foreigners to fill out digital TM6 immigration forms. This innovation is designed to improve security and efficiency in tracking tourists and combat negative…
The Perseid meteor shower, one of the best spectacles of shooting stars, will grace the skies of Thailand on the night of August 12-13. Up to 100 meteors per hour are expected. The Perseid meteor shower, one of the best spectacles of shooting stars, will grace Thailand’s skies on August 12-13 night. Up to 100…
A US veteran who fought in the Vietnam War has reunited with his Thai stepdaughter 48 years after parting ways. A US veteran who fought in the Vietnam War has reunited with his Thai stepdaughter 48 years after they parted ways A touching reunion has taken place in the Thai province of Buriram, touching the…
Thailand’s Constitutional Court has dissolved the election-winning Forward Movement Party after accusing it of trying to overthrow the monarchy. Thailand’s Constitutional Court has unanimously decided to dissolve the Move Forward Party, which won last May’s elections. The Move Forward Party was accused of trying to overthrow the monarchy over proposals to relax a strict law…
