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907, 2020

Navigating Thai Labor Law

July 9th, 2020|

Overview of Thai labor law In the Land of Smiles, a series of laws and regulations govern a set of employee-employer relationships. These laws cover, among other things, working hours, holiday and leave, sick pay, severance, and overtime. Unless clearly stated,  all laws apply to Thai and foreign [...]

207, 2020

Five Things You Should Know About Employing People in Thailand

July 2nd, 2020|

As evidenced by the many multinational enterprises (MNEs) and foreign firms that set up shop within its borders, Thailand embraces international businesses. However, to ensure that its economy and people profit from foreign investment, Thailand operates with strict labor laws. Here is an overview of five things you [...]

2706, 2020

Board of Investment (BOI) Support – Businesses in Thailand

June 27th, 2020|

How the Board of Investment (BOI) Supports Foreign Businesses Setting up in Thailand Overview Throughout the world, Thailand is known as a friendly haven for business. That reputation is backed up by international rankings. For instance, the World Bank awarded Thailand a 78.45 Ease of Doing Business (EODB) [...]

2006, 2020

One Belt, One Road: Thailand’s Place in the New Silk Road Initiative

June 20th, 2020|

Overview A multi-trillion-dollar initiative spearheaded by China aims to restructure intercontinental trade through a linked maritime and land network. This initiative is based on the ancient trading routes popularly known as the Silk Road. Named for the lucrative silk trade carried out along its length, the original Silk [...]

1206, 2020

Thai Infrastructure

June 12th, 2020|

By and large, Thailand’s infrastructure is excellent, but it is better in the cities than in rural towns and remote regions. However, the communications infrastructure is robust, and an initiative is in place to dramatically improve transportation infrastructure. This nation-wide initiative will improve transport by road, rail, air, [...]

1106, 2020

Thailand 4.0

June 11th, 2020|

Thailand 4.0: An Economic Model that Marries High-Tech and High-Touch The government unveiled the "Thailand 4.0" economic initiative in 2016, touting it as the "...master plan to free Thailand from the middle-income trap, making it a high-income nation in five years." Although the time frame of the plan [...]

906, 2020

World’s Fastest-Growing Region

June 9th, 2020|

Thailand: A Leading Destination for Foreign Direct Investment Foreign direct investment (FDI) is an important piece of Thailand’s economic puzzle. As such, the country actively courts foreign investment through its Board of Investment (BOI). The BOI promotions are paying off handsomely, as business-friendly Thailand is one of the [...]

606, 2020

Thailand’s New Engines of Growth

June 6th, 2020|

Thailand’s Stable Economy and Strong Export Base After Indonesia, Thailand is the second-largest economy in Southeast Asia and the eighth-largest economy in all of Asia. Its currency, the Thai baht (pronounced bought), was #10 on the list of most-used payment currencies as of 2017. Gross domestic product (GDP) [...]

206, 2020

Gateway to the Lucrative Southeast Asia Region

June 2nd, 2020|

Thailand—Modernized Gateway to the Lucrative Southeast Asia Region The Kingdom of Thailand, located near some of the world’s most powerful economies and dynamic emerging markets, lies in the heart of the Asia-Pacific region. It is a country of mountains, hills, plains, and a long coastline that stretches along [...]

2505, 2020

Regional and International Cooperation in Thailand

May 25th, 2020|

Thailand has a long history of being a generous and liberal trading partner. In 1855, its Bowring Treaty guaranteed British trading privileges. One year later, the Harris Treaty extended trading guarantees to Americans. Cooperation with Southeast Asian neighbors Although the UK and US treaties corroborate Thailand’s well-earned reputation [...]

1705, 2020

Thailand’s Business-Friendly Climate

May 17th, 2020|

Thailand’s Streamlined Laws, Regulations, and Application Procedures for Businesses: Thailand possesses a well-deserved reputation as a desirable place to conduct business. The Thai government has long been lauded for its fair, transparent dealings with foreign investors. According to a 2018 World Bank report, Thailand ranked 26th of 181 [...]

1405, 2020

Science and Technology in Thailand

May 14th, 2020|

Thailand is gradually shifting from an economy characterized by heavy industry to a high-value manufacturing economy. Under the economic model Thailand 4.0, the country is focusing on promoting the use of science, innovation, and advanced technology in 13 targeted industries. Thailand terms these industries “New Engines of Growth,” [...]