Industry Spotlight: Thailand’s Automotive Industry
Established over 50 years ago, Thailand’s automotive sector has developed into the biggest automotive hub in Southeast Asia. In our latest industry spotlight, we highlight recent regulations in the sector and explore why R&D will be required to sustain competitiveness.
Thailand’s New Personal Income Tax Structure Comes Into Effect
Thailand’s updated personal income tax structure officially came into effect on January 1, 2017, with the aim to ease tax burdens and boost disposable income. The new structure revises the income tax bands subject to 30 percent and 35 percent tax, and increases deductibles, and doubles allowances.
Thailand in 2017: a Changing Investment Landscape
After a challenging year, both economically and socially, 2017 has been touted by some as a pivotal year for the Thai economy and ‘the year of concrete national reform’. Here, we discuss what is on the horizon for Thailand’s investment landscape in 2017.
ASEAN Market Watch: e-Commerce in Thailand, Q4 Growth in Indonesia, and Myanmar-Thailand Bilateral Agreements
In this week’s ASEAN Market Watch, we look at the potential for e-commerce growth in Thailand, Indonesia’s slowing fourth quarter GDP growth, and a series of new bilateral agreements between Myanmar and Thailand.
Making Sense of Thailand’s Foreign Business Act
The Foreign Business Act is the predominant legislation governing foreign investment in Thailand, and has recently been amended to open more industries to overseas investors. This article outlines the key features of the Foreign Business Act, including the recent update and its implications.
ASEAN Regulatory Brief: Indonesia Transfer Pricing Rules, Singapore-Laos Cooperation, and Thailand 4.0 Strategies for SOEs
In this week’s ASEAN Regulatory Brief, we look at new transfer pricing documentation requirements in Indonesia, growing cooperation between Singapore and Laos, and Thailand 4.0 strategies for state-owned enterprises.
ASEAN Market Watch: Indonesia Foreign Ownership Rules, Philippines Internet Speeds, and Thailand Manufacturing
In this week’s ASEAN Market Watch, we analyze reduced foreign ownership of digital payments companies in Indonesia, discuss internet speeds in the Philippines, and look at the manufacturing sector in Thailand.
The Guide to Thailand’s Import and Export Procedures
The time and costs involved in importing and exporting in Thailand are significantly lower than in most Asia Pacific countries, as the government continues the streamlining of customs procedures. This article offers a step-by-step guide to ensure the successful movement of goods into and out of Thailand.
Daily Minimum Wage Rates in Thailand to Increase from January 1, 2017
In this article, we highlight recent adjustments to Thailand’s daily minimum wage rates passed in November and set to become effective in 2017.
ASEAN Market Watch: Malaysia Tourism, Thailand’s Railway Network, and Laos’ Economic Growth Forecast
In this week’s ASEAN Market Watch we discuss increasing Chinese tourism in Malaysia, highlight plans for expansion of Thailand’s railway net work, and analyze economic growth forecasts for Laos.