Business

Thailand counts down to reopening Test & Go entry on Feb. 1

  THAILAND is gearing up to reopen the Test & Go entry procedure on Feb. 1 with Prime Minister Prayut Chan-o-cha confident that all systems, particularly public health, are ready to handle the increased inflow of foreign tourists, Naewna newspaper said today (Jan. 28). Mr. Thanakorn Wangboonkongchana, spokesman for the Prime Minister’s Office, said the

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Business

Revenue Dept’s Twitter account hacked amid dispute over crypto trading tax

  THE REVENUE Department’s Twitter account was hacked today (Jan. 16) and turned to promoting non-fungible tokens (NFTs) with the logo changed to one from Bored Ape Yacht Club, Sanook.com said. The hacking occurred amid a wave of criticism following the department’s announcement earlier this month it would be imposing a 15 percent capital gains

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Business

Ex-minister: Whole economic structure needs adjusting due to rising food prices

  FORMER commerce minister Sontirat Sontijirawong said in a Facebook post today (Jan. 15) that with prices of daily necessities having jumped amid low wages it is now necessary to adjust the whole economic structure, Matichon newspaper said. He warned that the entire economy could collapse and if this happened it would take a long

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Business

Citi to sell consumer business in Malaysia, Indonesia, Thailand and Vietnam to UOB Group

  By CNBC CITIGROUP will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to Singapore’s United Overseas Bank, the banks announced today (Jan. 14). As part of the deal, UOB said it will acquire Citi’s unsecured and secured lending portfolios, wealth management and retail deposit units that make up its consumer banking

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Business

New 300 baht tourist entry fee to generate B1.5 billion this year

  A NEW entry fee of 300 baht being levied on foreign tourists entering Thailand from April 1, 2022 onwards will generate approximately 1.5 billion baht from the 5 million holidaymakers expected to travel here this year, Matichon newspaper said today (Jan. 12). Tourism and Sports Minister Phiphat Ratchakitprakarn said the money collected will be

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Business

Extra House panel to study Thailand’s first-ever casino project

  By Thai Newsroom Reporters THE HOUSE OF REPRESENTATIVES today (Dec. 2) set up an extraordinary House committee to study a long-awaited launch of Thailand’s first-ever casino and entertainment complex project. The MPs cast an overwhelming 310:9 vote to approve the setting up of the 60-member extraordinary panel to study the casino and entertainment complex

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Business

Thailand plans to reopen borders to foreign workers amid shortage

  By Reuters staff, published by Channel NewsAsia THAILAND plans to reopen its borders to workers from neighbouring Myanmar, Cambodia and Laos, a government official said today (Nov 9), in a bid to ease a labour shortage that is hurting its export and tourism-dependent economy. Pairote Chotikasathien, from the Ministry of Labour, said the rules

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Business

16,595 foreign tourists arrived in 5 days, over 90,000 sign up for Thailand Pass

THE reopening of Thailand on Nov. 1 drew 16,595 foreign tourists on both Test and Go basis in Sandbox scheme zones and those undergoing Alternative Quarantine procedure with 90,165 people applying for Thailand Pass as of yesterday Nov. 6, TV Channel 7 said this morning (Nov. 7). Mr. Thanakorn Wangboonkongchana, spokesman for the Prime Minister’s

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