by Teuvo Tuomi | Jun 24, 2024 | Bangkok, Infrastructure, Investment, News, Thailand, Tourism
Thailand’s Cabinet has asked the Interior Ministry to amend the Condominium Act by increasing the foreign ownership limit from 49% to 75% and to amend the Land Act by allowing foreigners to lease land for 99 years, up from the current 50. However, although...
by Teuvo Tuomi | Jun 23, 2024 | Taxation, Imports, Manufacturing, News, Shipping, Thailand, Trade
Thailand’s Finance Ministry will begin collecting value-added tax (VAT) on all imported goods, including those priced below 1,500 baht. The ruling is effective from 5 July until the end of the year, according to the Royal Gazette. The reason for collecting VAT...
by Teuvo Tuomi | Jun 22, 2024 | Reports, ASEAN, Business, Cambodia, Economy, Indonesia, Malaysia, Philippines, Singapore, Southeast Asia, Thailand, Vietnam
For the first time, Fortune’s Southeast Asia 500 ranking for 2024 lists the region’s largest companies by revenue in the fiscal year 2023. With one of the world’s fastest-growing regions now having its own Fortune 500 list, this progress reflects Southeast Asia’s...
by Teuvo Tuomi | Jun 22, 2024 | Thailand, Digitalization, Environment, Infrastructure, News, Reports
Phuket has been ranked the top province-based smart city in Thailand. At the same time, the Wang Chan Valley in Rayong province was named the leading city-based smart area in the country, according to the Thailand Smart City Competitiveness Index 2023. The index...
by Teuvo Tuomi | Jun 21, 2024 | Climate, Energy, Environment, Indonesia, News, Technology
The Indonesian Ministry of Energy and Mineral Resources (ESDM) is preparing regulations on incentives and tax breaks to step up the development of green hydrogen. “This policy will later be included in the EBET Bill, which is still in the evaluation...
