Amid the high-stakes race between the world’s largest economies to develop the next generation of semiconductors, Southeast Asia, collectively representing the fifth-largest global economic region, is well-positioned to play a central role in the global semiconductor market. With its strategic location, robust manufacturing capabilities, and growing technological expertise, the ASEAN region is emerging as a […]
In a significant development for the aviation industry in Southeast Asia, Thailand’s Cabinet has approved the principle of a Draft Memorandum of Understanding (MoU) between the Government of Thailand and the International Civil Aviation Organization (ICAO). This MoU focuses on establishing a comprehensive training program for participants from developing countries, with Thailand poised to play […]
The rapid evolution of blockchain technology and digital assets has brought about significant changes in the global financial landscape. Thailand, recognizing the potential and challenges associated with these innovations, has been proactive in regulating and adapting its legal framework to support the growth of digital assets. The recent developments by the Thai Securities and Exchange […]
In recent years, Thailand has embarked on ambitious national strategies to modernize its public sector, leveraging digital technologies to enhance efficiency and service delivery. The latest draft strategy (2567-2570) approved by the Thai Cabinet underscores this commitment, aiming to transform Thailand into a digital and innovative government that meets the needs of its citizens effectively. […]
The Financial Account Tax Compliance Act (FATCA) represents a critical measure in the global fight against tax evasion. Enacted by the U.S. Congress in 2010, FATCA requires foreign financial institutions (FFIs) to report information about financial accounts held by U.S. taxpayers or foreign entities with substantial U.S. ownership. Recently, the Thai Revenue Department has begun […]
The aviation and aerospace industry in Thailand is a dynamic sector that plays a crucial role in the country’s economic development and international connectivity. This overview examines the primary regulations and laws governing the industry, the roles and responsibilities of government agencies, international agreements to which Thailand is a party, recent developments, and a comparative […]