by Teuvo Tuomi | Sep 19, 2024 | Thailand, Economy, News, Society
Thailand’s cabinet has approved the digital wallet scheme, under which 14.5 million vulnerable and disabled Thais will be the first to receive the 10,000 baht cash benefit. The money will be wired into their bank accounts between 25-30 September, Finance...
by Teuvo Tuomi | Sep 18, 2024 | ASEAN, Business, Economy, Investment, News, Southeast Asia
ASEAN’s economic growth was 4.1% in 2023. This is expected to increase to 4.6% in 2024. Investment in ASEAN increased only by 0.3% from US$229 billion in 2022 to US$230 billion in 2023. Another important measure is that the value of trade in ASEAN products actually...
by Teuvo Tuomi | Sep 11, 2024 | Cambodia, Business, Economy, Investment, News
According to the Council for the Development of Cambodia (CDC), the government approved 46 new projects and 7 production expansion projects in August, with a total investment of more than $1.2 billion, creating around 33,000 jobs. These projects aim to enhance...
by Teuvo Tuomi | Sep 8, 2024 | Thailand, Economy, News, Technology, Transportation
The number of passenger EV registrations in Thailand is estimated to reach only 80,000 this year, according to Suraj Sangsnit, president of the Electric Vehicle Association of Thailand. This is a 5% increase from the 76,000 units sold last year, but it falls short of...
by Teuvo Tuomi | Sep 8, 2024 | Thailand, Economy, News, Taxation
The Thai Revenue Department is drafting a income tax law. The aim is to start taxing the income of individuals residing in Thailand that originates from overseas. The draft follows the international principle of worldwide income under the residence rule, according to...
