Thailand BOI Approves Steps to Ease COVID-19 Impact, Accelerate Investment in Medical Sector
The Board of Investment of Thailand (BOI) today approved a series of measures to mitigate the impact of the coronavirus or COVID-19 outbreak on business, including steps to encourage rapid investment in the manufacturing of medical equipment. The board also approved incentives to promote technology-based “smart farming” solutions as well as research and development in […]
Headline summary as of 16th April 2020
News Updates related to COVID-19: PM Prayut FB Page published pictures of the PM went to the renowned Siriraj Hospital to observe the AI machines provided by Chinese Huawei, which could identify the likeliness of infecting COVID-19. Yesterday, Thailand reported 30 new coronavirus cases and 2 deaths, of the new cases, 19 patients were linked […]
FACT SHEET: COVID-19 Export Capital Facility
Extension of temporary ban on all international flights to Thailand
According to the latest Notification of the Civil Aviation Authority of Thailand, the ban on international passenger flights to Thailand will be extended from 18 April 2020 at 17.00 UTC to 30 April 2020 at 17.00 UTC. All flight permits granted for such period will be canceled. The ban does not apply to state or […]
Headline summary as of 14th April 2020
News Breaking: A small numbers of people protested at the Finance Ministry requesting that the 5,000 THB stimulus package is not comprehensive and that there have been to many errors in the system, thought the Ministry has claimed earlier that they have been using the artificial intelligence to assist with the registration to minimise flaws. […]
Headline summary as of 13th April 2020
News Over the weekend, Thai and Chinese Twitter users were on confrontation over a drama by a Thai influencer who said he liked a set of photos taken from four countries, including Hong Kong. With his big base of Chinese fan club, the comment ignited anger by Chinese netizen.–Matichon, Khao Sod, The Matter An opinion piece […]
Thai Government Approves COVID-19 Tax Relief Measures
The economic impact of the COVID-19 pandemic has led Thailand’s Ministry of Finance, with the approval of the cabinet, to implement tax and non-tax relief measures to aid the general public, workers, and entrepreneurs. The tax relief measures, two phases of which have been released to date, are detailed below. Phase I Tax Relief Measures […]
Bank of Thailand Issues Relief Measures for Debtors Affected by COVID-19 Pandemic
The Bank of Thailand (BOT) has issued BOT Announcement No. Wor 277/2563, dated February 28, 2020, to provide relief measures for small and medium-sized debtors who suffer adverse economic effects from the COVID-19 pandemic. The key points of this announcement are summarized below. Revised Definition of Debt Restructuring Under this announcement, “debt restructuring” means restructuring […]
Thailand’s Social Security Office Prepares Further COVID-19 Assistance Measures
Thailand’s Ministry of Labor is soon expected to issue two regulations and an announcement to formalize and implement the Social Security Office’s policy on COVID-19 assistance measures, reflecting two recent cabinet resolutions. Drafts are now being considered by the Office of the Council of State, after which they will be sent for the minister’s signature […]
Thailand Announces COVID-19 Visa Relief Measures
Following the announcement of a state of emergency on March 26, 2020, Thailand has put in place several measures that limit international travel as part of its efforts to stop the spread of COVID-19, including the closure of land borders with neighboring countries and the prohibition of arrivals by almost all international commercial passenger flights. […]
