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Business News

Sunbelt Asia Business News

Sunbelt Asia will be closed Wednesday December 5 for Father’s Day and the commemoration of HM King Rama IX’s birthday. As this is public holiday, all government offices will be closed as well. We will reopen for regular business on Thursday, December 6.

The Immigration Department is trialling a new SMS service for foreigners, texting them when the expiry date of their visa comes near. The program will start in Chonburi and only with foreigners who have registered their phone numbers at the Chonburi Immigration office when they have applied for a visa or an extension. The texts will be sent to those with work permits, as well as those with tourist visas extensions and other extensions. The program is being tested out in Chonburi due to the high number of tourists and long-stay foreigners.

The government is predicting that the Blue Line extension of the MRT from Hua Lamphong - Bang Kae will open earlier than the scheduled September 2019, however details of the schedule are being revised. The Southern Green Line Bearing - Samut Prakan extension will be opened on December 6th, 2018. The Bang Sue-Thaphra segment of the Blue Line is still expected to open in April 2020 and at that point the loop will be complete and passengers will be able to travel to both the east and the west of Bangkok, which will help relieve congestion at Siam Station and Sukhumvit. The Pink Line Khae Rai-Min Buri section and the Yellow Line Lat Phrao-Samrong section are under construction and still on schedule. Bangkok Expressway and Metro Public Company Limited (BEM) plan on adding more trains to add 35 more trains with the first carriages arriving next April.

Thai auto sales hit a five year high as the Finance Ministry says economic indicators show continued strength in the Thai economy. Exports remained on track with and 8.7 percent year on year growth and teady growth among consumers and private spending. VAT revenues reached a three-month high while auto sales grew by 36%, the highest in 70 months, domestic cement sales reached a 65-month peak. Tourist numbers dropped .5 due to a drop in numbers of Chinese tourists but the Ministry of Tourism and Sports indicated that arrivals from Taiwan, Singapore, and the United States grew during the past month.

A Royal Decree has been published which lifts the ban on the issuance of new licenses for entertainment businesses under the license “sathan borikan” which includes pubs and bars, in Kanchanaburi, Si Sa Ket, Nong Bua Lam Phu and Ayutthaya. However 22 provinces still have the ban in effect; Kamphaeng Phet, Chai Nat, Chumphon, Nakhon Nayok, Nonthaburi, Nan, Pathum Thani, Pattani, Phayao, Phangnga, Phichit, Phetchaburi, Yasothon, Ranong, Sakon Nakhon, Satun, Nong Khai, Ang Thong, Uthai Thani, Sing Buri, Sukhothai, and Suphan Buri. Entertainment businesses operating legally before Friday's decree and entertainment venues operating in hotels regulated under the law on hotels are exempt.

Business News


Dec 9 2018 >> Thailand's internet economy ranked second in SE Asia
Dec 2 2018 >> Immigration Department trialing new SMS notification service
Nov 25 2018 >> Exports rise 8.7 percent year on year
Nov 18 2018 >> New categories added for Smart Visa
Nov 11 2018 >> Visa on arrival fees lifted for 21 countries for 2 months
Nov 4 2018 >> Thailand in Top 30 in World Bank's Ease of Doing Business Report
Oct 31 2018 >> Government to no longer require factories submit license application annually
Oct 21 2018 >> Tourism experts warn of changing demographics
Oct 14 2018 >> Thailand tops list for Chinese tourists during Golden Week
Oct 7 2018 >> Digital assets licensing expected later this year
Sep 30 2018 >> Newsletter listings for October 1, 2018
Sep 30 2018 >> Applications for Permanent Residency now open
Sep 22 2018 >> Exporters urged to take advantage of AFTA tax incentives
Sep 16 2018 >> Thailand tops list as most popular destination for Chinese tourists in first six months
Sep 9 2018 >> Thailand "Best for People" in Conde Nast Travellers UK Readers awards
Sep 2 2018 >> Thailand fourth in tourist spending globally
Aug 25 2018 >> Young Chinese travelers seek authentic local experiences
Aug 19 2018 >> MICE visitors from China jump 35 percent
Aug 12 2018 >> New Copyright Law allows for removal of online infringment
Aug 5 2018 >> Secondary tourism destinations see strong growth from international tourists
Aug 5 2018 >> Secondary tourism destinations see strong growth from international tourists
Jul 29 2018 >> Important news for Americans on the impact of the new Emergency Decree and Work Permit requirements
Jul 22 2018 >> International tourist arrivals hit 19.48 million in first six months of 2018
Jul 15 2018 >> Thailand in top 20 nations with high innovation development potential
Jul 8 2018 >> New regulations issued regarding work permits
Jul 1 2018 >> Phuket in top ten leisure destinations in Mastercard Global Destinations Index report
Jun 24 2018 >> Commerce Ministry looks to remove five services from Foreign Business Act restricted list
Jun 17 2018 >> New business registrations up 5 percent in May
Jun 10 2018 >> New regulations for digital asset exchanges issued
Jun 3 2018 >> Ministry of Labour considers removing some occupations from restricted list
May 27 2018 >> Second airports approved for Chiang Mai, Phuket
May 20 2018 >> New business registrations reach ten year high in April
May 13 2018 >> New BOI promotion incentives added for EEC
May 6 2018 >> Cabinet retroactively extends tax incentives for juristic persons registration
Apr 28 2018 >> Value of exports hit record high in March
Apr 22 2018 >> Domestic and foreign tourism numbers up for Songkran
Apr 15 2018 >> World Bank raises GDP forecast to 4.1 percent
Apr 7 2018 >> Foreign arrivals, domestic tourism expected to grow this Songkran holiday period
Mar 30 2018 >> New banknotes and coins to be issued April 6
Mar 24 2018 >> Thailand receives 7.1 million foreign visitors in January and February
Mar 18 2018 >> Jump in tourists expected for Songkran holiday
Mar 10 2018 >> Thai government will develop West Coast for high-end tourism
Mar 3 2018 >> New rules for landlords with 5 or more properties
Feb 24 2018 >> Tourism revenues grew over 10 percent in January
Feb 18 2018 >> Thailand is the Least Miserable Economy in the world
Feb 11 2018 >> Bangkok voted Best Destination City in Asia Pacific
Feb 3 2018 >> Thailand first in top countries to do business
Jan 26 2018 >> New business registrations reach 5 year high in 2017
Jan 20 2018 >> Applications for new 4 Year Smart Visa begin on February 1
Jan 14 2018 >> Thailand expects 400,000 Chinese tourists during Chinese New Year


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