Thai Economy Worst It’s Been in Two Decades

August 24, 2020

Thailand’s economy is at its worst point in over two decades as trade and tourism have been seriously hindered by the COVID-19 pandemic. Gross Domestic Product (GDP) in Thailand is down a staggering 12.2 percent since last year, marking the largest economic contraction since 1998. The effects of a more closed-off world since COVID-19 has […]

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Three New Thailand Laws to Know

August 19, 2020

Recently, Thailand passed three new laws–one regarding land tax law, another regarding copyright law, and the last regarding defamation. The new Thailand land tax law amendment states that any property owner is exempt from paying land and building taxes as long as the appraised value of the property does not exceed 50 million baht. The […]

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New Thailand Law May Allow Private Marijuana Production

August 14, 2020

The Thai Ministry of Public Health has sent a draft law to the Thailand legislature that would allow medical professionals including traditional medicine healers to obtain a license for growing medical marijuana. Currently, only state agencies or those specifically authorized to work with state agencies are given the green light to produce, import, or export […]

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New Company Laws Make Business Easier in Thailand

August 13, 2020

The Thailand cabinet has approved amendments to company registration laws to each the company registration process. In June 2020, Thailand’s cabinet approved amendments to the Civil and Commercial Code to ease the company registration process in Thailand.  The proposed amendments may take effect by 2021. The amendments to the Civil and Commercial Code should simplify […]

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