by Teuvo Tuomi | Jul 3, 2024 | Tourism, Economy, Lifestyle, News, Thailand, Travel
Thailand’s Cabinet confirms that all duty-free shops in the arrivals areas of Thai airports will be closed to boost domestic spending. Deputy government spokesperson Rudklao Suwankiri says the move would promote Thailand as a shopping hub and stimulate the...
by Teuvo Tuomi | Jul 1, 2024 | Food & Drinks, Business, Lifestyle, News, Technology, Thailand
Thailand exported over 220,000 tonnes of canned tuna in the first five months of 2024 with a value of 979 million USD, up 19.4% in volume and 13.4% in value, compared to the same period last year. Factors for the surge of Thai canned tuna exports this year are lower...
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 | 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...
