For purposes of taxation, anybody who had lived in Thailand for more than 180 days is considered a resident of the country. Thailand residents are required to pay taxes on all income earned within and outside Thailand. Non-residents or those who have stayed in Thailand for less than 180 days per year will only be [...]
While industry players see the minimum wage hike in Thailand as burdening to most employers, the Thai government believes that the 300 Baht daily minimum wage would have positive effects to the country’s economy in the long run. This refers to the full and mandatory implementation of the minimum wage increase across Thailand effective January [...]
Thailand – this is a country known to many as the Land of Smiles, and for many good reasons. Aside from the hordes of beautiful tourist destinations, Thailand offers a lot more than that. Talk about fantastic bargains and incredible discounts- that’s what Thailand is for many tourists. And not one soul who had been [...]
On many occasions, Thailand had shown its resilience and strength even in the middle of almost any crisis – be it political, economic, cultural, or environmental. Such resilience and strength are often measured by the performance of the country’s economy, especially under difficult situations and circumstances. And most of the time, the country’s economy bouncing [...]
Thailand, being Asia’s top tourist destination, offers a world-class tourist industry at affordable prices by Asian standards, and at very cheap process, if using Western countries standards. Thailand has therefore been a magnet for property investors who want to take advantage of this tourism edge that the country has over its neighboring countries. And while [...]
Corporate Social Responsibility or CSR is a widely accepted business practice across the globe arising from the urgent need to protect the environment and the need to take active involvement in social issues. Rather than just relying on efforts done by few organizations or groups with such advocacies, the corporations are enjoined to [...]
Thailand suffered tremendously from the floods that ravaged the country in late 2011. But the people’s resilience and the government’s relentless efforts in inviting foreign investors to the country has somehow helped the country rise up from such devastation. In fact, the Thai economy has enjoyed healthy growth following the flood crisis. Additionally, the government [...]
Thailand was hit by the worst flooding in more than half a century in the latter part of 2011, which decimated the country’s various factories, almost completely shutting off the operations and productions, which in turn affected the exports and manufacturing sector. However, despite such catastrophic disaster which shrunk Thailand’s economy by 10.7 percent in [...]
Thailand’s workforce is facing an apparent change in the job landscape driven by ASEAN Economic Community (AEC) efforts, which come with a demand for workers to change their strategies in securing work positions. These expectations was brought about by ceremonies held last January wherein Japanese companies launched their manufacturing plants in the Kingdom. Nissan, Mazda [...]
An alarming concern expressed by the Bank of Thailand about the recent increasing trend in consumer loans has caused the media and some financial experts to analyze and assess the current situations to determine if such concerns have any ground and basis. The Bank of Thailand expressed their concern that if such trend is not [...]
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