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Thailand is considered the best place to start a business in the world according to a recent US News & World Report, in part due to the relatively low initial costs and streamlined procedures that make it attractive to entrepreneurs. Starting a business in Thailand takes an average of 26 days and costs 6.6 percent of the average income per capita according to the World Bank. Thailand also ranked second most affordable country for decisions makers and came in 26th overall as best country based on a variety of metrics including standard of living, ease of doing business, adventure, education, heritage, entrepreneurship and others. Thailand came in 7th as best country to invest for foreign direct investment. The rankings, which were developed by US News & World Report in cooperation with global marketing communications company Y&R's brand strategy firm, BAV Consulting, and the Wharton School of the University of Pennsylvania, asked more than 21,000 survey participants from four regions to associate 80 countries with specific attributes.

The U.K. based Post Office Travel Money report cited Bangkok as the best value long-haul city destination in the world. Researchers looked at the price of 11 travel essentials including food and drink, sightseeing, airport transfers and three nights' accommodation. The report cited the cost of accommodation which gave Bangkok the edge over other cities as well as the many things to see and do in the city. Tokyo came in second, in large part due to the low cost of eating out and many free museums and attractions.

Five international airlines are expanding air access to Thailand with new flights from Beijing, Doha, Istanbul, Maldives, India's Jaipur and Tiruchirappalli, and Singapore already added or coming soon. On March 27 Thai Airways launched its Phuket Express service with four direct Beijing - Phuket flights a week, since June 1 Qatar Airways has increased the frequency of; Doha to Bangkok flights to five times per day. The airline also flies twice daily to Phuket for flights a week to Krabi. Turkish Airlines launched four flights a week Istanbul - Phuket flights on July 17 and in the high season they will be increased to daily flights. Jetstar Asia will add four weekly flights from Singapore to Hat Yai return from 3 November, 2017.

In a Bangkok Post interview last week Facebook Thailand head John Wagner noted that Thais shop online differently, with nearly twice the global average sending Facebook messages to businesses each month. Thais also spend more time on mobile videos, 60 percent higher than the average. Mr. Wagner said Thai companies have good success with mobile videos to promote new goods and services. More than 70 percent of shopping involves mobile phones in the country, higher than many other countries. Thailand has 48 million Facebook users, one of the top ten in the world in terms of accounts while Bangkok has more users than any other city in the world.

Business News

Aug 12 2017 >> Report ranks Thailand best country to start a business
Aug 5 2017 >> Economy grew in June due to export, tourism growth
Jul 29 2017 >> FPO predicts 3.6% GDP growth, 4.7% export growth
Jul 23 2017 >> Employment office to consider relaxing restricted occupations
Jul 14 2017 >> Thailand 3rd most competitive country in ASEAN
Jul 9 2017 >> New regulations for migrant workers delayed 6 months
Jul 1 2017 >> PM urges measures to soften strict new punishments on illegal foreign workers
Jun 25 2017 >> New 10 year retirement visa takes effect
Jun 10 2017 >> New forex regulations to ease investment overseas and FET requirements
Jun 2 2017 >> BOI announces two new categories for special promotion
May 27 2017 >> Thailand in top ten worldwide for social media use
May 20 2017 >> No VAT rise government confirms
May 14 2017 >> Tax deadline for in person payment May 30
May 7 2017 >> Thailand 4.0 and the food industry
Apr 30 2017 >> Bangkok most visited city in Asia Pacific
Apr 22 2017 >> DBD withdraws over 5,000 juristic persons from database
Apr 15 2017 >> Cabinet announces two new public holidays
Apr 8 2017 >> BOI promotions for EEC include 50 percent corporate income tax reduction
Apr 1 2017 >> BoT revises 2017 GDP upward
Mar 24 2017 >> Government considering 50 year property leases for foreigners
Mar 17 2017 >> Food exports up 6 percent year on year
Mar 11 2017 >> Consumer Confidence up for 3rd month in a row
Mar 3 2017 >> Government moving to clear patent back log in 3 months
Feb 25 2017 >> New tax rates for expats and researchers in EEC
Feb 18 2017 >> New income tax rates applied for 2017 income
Feb 11 2017 >> New tax incentives for tech and jewelry industries
Feb 4 2017 >> Government to speed up free trade pact negotiations with the UK
Jan 28 2017 >> Tax incentive for private sector investment extended
Jan 21 2017 >> Enhanced tax incentives at digital park opening next year
Jan 15 2017 >> New regulations for online purchases proposed
Jan 7 2017 >> Longer stays for tourists in 2016
Dec 31 2016 >> Tourism revenues grow in fourth quarter
Dec 23 2016 >> GDP expected to grow 3.2% in 2017
Dec 17 2016 >> New business registrations expected to rise again next year
Dec 10 2016 >> Phuket airport renovations see growing passenger arrivals
Dec 3 2016 >> AoT shares climb on profit report
Nov 26 2016 >> New ten year retirement visa approved by Cabinet
Nov 19 2016 >> New property tax laws delayed
Nov 12 2016 >> Government to roll out nationwide e-tax system by 2019
Nov 5 2016 >> Tourism arrivals up despite crackdown on illegal tour operators
Oct 29 2016 >> Exports grow second month in a row
Oct 22 2016 >> Don Mueang and Chiang Rai Airports register high growth in passenger numbers
Oct 8 2016 >> Land tax law likely to be delayed until next year
Oct 1 2016 >> Analysts raise Thai GDP forecasts for 2016
Sep 24 2016 >> Bangkok most visited city in latest MasterCard Global survey
Sep 17 2016 >> New terminal opens at Phuket International Airport
Sep 10 2016 >> TAT working to boost tourist numbers from Indochina
Sep 4 2016 >> Tourist numbers from the Middle East climb
Aug 27 2016 >> Tax cheats face 5 year retroactive audit
Aug 20 2016 >> Visa on Arrival fees to double September 27

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