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Sunbelt Asia Business News

This Friday, October 13 is the one year anniversary of the passing of His Majesty King Rama IX and is a public holiday this year. Sunbelt Asia offices will be closed. We at Sunbelt Asia join Thailand in mourning the passing of the beloved King.

Foreign employees of Board of Investment promoted companies can now use a smartphone application to complete their work permit process. They must first visit the BOI's work permit office at Chamchuri Square in Bangkok to obtain a user name and password. Once that is obtained the work permit application can then be submitted through the application. After the work permit is approved then a second trip to the office will be needed for a photo and digital signature, the office said that would only take a few minutes. Available in both Android and IOS phones, foreign employees can also update their information via the app. The office hopes to make it available to migrant workers next year. More work permit offices will be set up in BOI offices in Chiang Mai, Phuket and other cities where the BOI has branches.

Thailand has been removed from the list of red-flagged countries on the International Civil Aviation Organization (ICAO) website. The director of the Civil Aviation Authority of Thailand (CAAT) said he was aware of the change but had not yet confirmed it with the agency. The country was red-flagged in August 2015 and the change will allow airlines to add new destinations and foreign airlines to make more stops in the country. ICAO conducted the audit last month and the CAAT office reported they had corrected the flaws raised by the ICAO including amending related laws and regulations and granting Recertification of Air Operator Certificates (Re-AOC) to airlines. Nine out of 21 airlines have already been granted the re-certification and the remaining 12 will be finished by January 31, 2018.

The Permanent Secretary of Tourism and Sports said that the country is expecting over 600,000 tourists from China for the month of October and 260,000 are expected from October 1 -8 as Chinese tourists travel abroad during their "Golden Week" holiday. Chinese remain the top foreign arrival in the country and the numbers are expected to be up 20 percent from last year. They are expected to generate 11 billion baht for the week and 30 billion baht for the month of October. Tourism now accounts for 20 percent of the GDP, up from 10 percent 15 years ago and produces 2.5 trillion baht in revenues. The government hopes to reach 3 trillion baht in revenues by 2018. The TAT is promoting community based tourism as tourists want to experience local culture and traditions. The Tourism Council of Thailand has signed an agreement with the Thailand Professional Qualification Institute (TPQI) to produce more skilled workers as the TCT director pointed out that service standards can suffer in small to medium enterprises as they lack trained staff.

Business News

Oct 14 2017 >> Low cost carriers expanding, tourist arrivals up
Oct 8 2017 >> New smartphone app for BOI work permit applicants
Oct 1 2017 >> Bangkok most visited city in the world
Sep 24 2017 >> International tourist arrivals up over 8 percent in August
Sep 16 2017 >> Pattaya tourism up 15 percent from last year
Sep 10 2017 >> Low cost carriers to expand routes once ICAO red flag lifted from Thai carriers
Sep 2 2017 >> New excise taxes to take effect September 16
Aug 27 2017 >> New Immigration auto-gate entry for Singaporeans at Suvarnabhumi
Aug 19 2017 >> Cabinet approves new 4 year visa for skilled professionals and investors
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

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