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Thailand

Thailand BOI’s Tax Incentive To Support Infrastructure Development For EEC

Infrastructure

To drive concrete development of the Eastern Economic Corridor (EEC), Thailand’s Board of Investment (BOI) has recently approved investment incentive scheme. New incentives apply for the bidding winners of U-Tapao Airport’s Passenger Terminal 3 and Digital Park Thailand (EECd) development projects, two among six major development projects in EEC. With the biddings for the development of both projects planned for ... Read More »

China, Thailand ink trade deal

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Thailand and China on Wednesday signed a comprehensive framework agreement to enhance trade and the economic partnership between the two nations. The cooperation agreement, effective immediately, covers seven key areas: trade, investment, science and technology, digital, tourism, finance, and regional economic cooperation. On trade, the two countries aim to double two-way trade to UScopy40 billion (4.6 trillion baht) by 2021 ... Read More »

Thailand BOI’s Tax Incentive To Support Infrastructure Development For EEC

Infrastructure

To drive concrete development of the Eastern Economic Corridor (EEC), Thailand’s Board of Investment (BOI) has recently approved investment incentive scheme. New incentives apply for the bidding winners of U-Tapao Airport’s Passenger Terminal 3 and Digital Park Thailand (EECd) development projects, two among six major development projects in EEC. With the biddings for the development of both projects planned for ... Read More »

23 human traffickers arrested in Thailand crackdown

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BANGKOK: Twenty-three human trafficking “agents” were arrested during a major operation conducted by the Thai police to prevent southern Thailand from becoming a transit destination for migrants trying to cross illegally into Malaysia. The operation, which began in May, also uncovered major trafficking routes used by the human trafficking syndicates to smuggle illegals from Myanmar to Thailand, with Malaysia as ... Read More »

World Bank Raises Thai Growth Forecast To 4.1pc

sdr

The World Bank has revised up Thailand’s economy growth this year to 4.1 per cent from its previous estimate of 3.6 per cent given the country’s robust performance. The bank has also revised up its forecast of Thailand’s economy in the year 2019 and 2020 to 3.8 per cent for both years, up from its previous estimate of 3.5 per ... Read More »

Thai Military Officers Convicted, Sentenced for Smuggling Rohingya

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A Thai court convicted two military officers and sentenced each to 27 years in prison for being involved in a transnational crime syndicate that smuggled Rohingya Muslims from Myanmar, officials said. Natthasit Naksuwan, an army colonel, and Kampanat Sangthongjeen, a navy captain, undertook the unauthorized and non-recorded removal of dozens of undocumented Rohingya migrants, who were being held by police ... Read More »

Bank Of Thailand’s New Rules To Tighten Mortgage Lending Are Credit Positive

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The Bank of Thailand (BOT, Baa1) announced measures to tighten credit underwriting standards in mortgage loans. Under the new rules, the maximum loan-to-value (LTV) ratio will be restricted at 80% on new mortgages for homes worth more than 10 million baht. The same LTV restrictions will apply for the purchase of a second home irrespective of the property value. Banks ... Read More »

Alibaba Initiates $3Bln Partnership With Thai Gov In Support Of Thailand 4.0

สะเทือนวงการอีคอมเมิร์ซเอเชียตะวันออกเฉียงใต้เมื่อ-Alibaba-เข้าซื้อหุ้น-Lazada-แล้ว

The e-commerce giant’s executive chairman, Jack Ma, was in Thailand this week and has become the first big name to join Thailand’s plan to upgrade its economy known as Thailand 4.0. According to Jack Ma statement during a press conference held in Bangkok, the group’s investment in Thailand will be at least US$3 billion (93.6 billion baht) over the next ... Read More »

Thailand lauded for war on ivory smugglers

ivory

Thailand has been praised for its achievement in tackling the illegal ivory trade as mandated by Cites, according to the Department of National Parks, Wildlife and Plant Conservation (DNP). The Convention on International Trade in Endangered Species of Wild Fauna and Flora (Cites) is an international agreement between governments that aims to monitor the trade of endangered species, and Thailand ... Read More »

Thai Customs seize 10,000 litres of fuel smuggled from Malaysia

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SONGKLA: The Ninth Division of Customs Department in southern Thailand has seized more than 10,000 litres of petrol and diesel believed to have been smuggled from Malaysia and detained seven people to allow investigations. Its director, Manoch Phitak, said the seizure was the result of the department’s operation carried. “Illegal fuel distributors in southern Thailand are taking advantage of the ... Read More »

Thai military called in to halt garlic smuggling

skynews-thailand-garlic_4324659

Thailand’s military has been called in to tackle garlic smuggling after local prices plunged. The country is facing an allium crisis as garlic is being illegally moved across its borders from neighbouring countries. Military officers are working with the customs department and the commerce ministry to try to stamp out the smuggling, Boonyarit Kalayanamit, director-general of the internal trade department, ... Read More »

Accused wildlife smuggling kingpin caught

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Police have arrested a suspected wildlife trafficking kingpin said to be behind much of the illegal trade in Asia for over a decade, officials said. The arrest of Boonchai Bach, a Thai of Vietnamese descent, cracks open the “largest wildlife crime case ever” in the country, the anti-trafficking group Freeland Foundation said in a statement. “It’s like catching one of ... Read More »

10 smuggling ‘rat routes’ identified along Kelantan-Thai border [NSTTV]

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RANTAU PANJANG: Authorities here have identified 10 ‘rat routes’ used by smugglers along the Kelantan-Thai border during the monsoon season. The routes, which fall under Ops Wawasan and Ops Merpati areas, were uncovered beginning June this year and will likely be favoured by smugglers between now and the end of the year. “The incidence of smuggling increased in June and ... Read More »

Ivorian woman with 1kg cocaine in stomach held at Thai airport

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A 27-year-old woman from the Ivory Coast has been arrested on the Thai island of Phuket after an airport X-ray found more than one kilogramme of cocaine in her stomach wrapped in scores of small packets. The woman was stopped by officials late Wednesday night at Phuket’s international airport after landing on a flight from Doha. An X-ray revealed more ... Read More »

UTCC And KTB Forecasts 4.5% GDP Growth Throughout 2018

skylin-asok

The University of the Thai Chamber of Commerce (UTCC) forecast the Thai economy will grow by 4.5-5% throughout this year and Krungthai Bank (KTB) has maintained Thailand’s economic growth forecast for this year at 4.5 percent. BOT Governor Veerathai Santiprabhob said that, according to the National Economic and Social Development Board, the Thai economy in the second quarter of 2018 ... Read More »

UTCC And KTB Forecasts 4.5% GDP Growth Throughout 2018

skylin-asok

The University of the Thai Chamber of Commerce (UTCC) forecast the Thai economy will grow by 4.5-5% throughout this year and Krungthai Bank (KTB) has maintained Thailand’s economic growth forecast for this year at 4.5 percent. BOT Governor Veerathai Santiprabhob said that, according to the National Economic and Social Development Board, the Thai economy in the second quarter of 2018 ... Read More »

Alibaba Initiates $3Bln Partnership With Thai Gov In Support Of Thailand 4.0

สะเทือนวงการอีคอมเมิร์ซเอเชียตะวันออกเฉียงใต้เมื่อ-Alibaba-เข้าซื้อหุ้น-Lazada-แล้ว

The e-commerce giant’s executive chairman, Jack Ma, was in Thailand this week and has become the first big name to join Thailand’s plan to upgrade its economy known as Thailand 4.0. According to Jack Ma statement during a press conference held in Bangkok, the group’s investment in Thailand will be at least US$3 billion (93.6 billion baht) over the next ... Read More »

Ivorian woman with 1kg cocaine in stomach held at Thai airport

thai-pic

A 27-year-old woman from the Ivory Coast has been arrested on the Thai island of Phuket after an airport X-ray found more than one kilogramme of cocaine in her stomach wrapped in scores of small packets. The woman was stopped by officials late Wednesday night at Phuket’s international airport after landing on a flight from Doha. An X-ray revealed more ... Read More »

World Bank Raises Thai Growth Forecast To 4.1 Per Cent

sdr

The World Bank has revised up Thailand’s economy growth this year to 4.1 per cent from its previous estimate of 3.6 per cent given the country’s robust performance. The bank has also revised up its forecast of Thailand’s economy in the year 2019 and 2020 to 3.8 per cent for both years, up from its previous estimate of 3.5 per ... Read More »

Thai military called in to halt garlic smuggling

skynews-thailand-garlic_4324659

Thailand’s military has been called in to tackle garlic smuggling after local prices plunged. The country is facing an allium crisis as garlic is being illegally moved across its borders from neighbouring countries. Military officers are working with the customs department and the commerce ministry to try to stamp out the smuggling, Boonyarit Kalayanamit, director-general of the internal trade department, ... Read More »